What is Avalanche?
Launched in 2020, Avalanche is Layer-1 open-source smart contract platform that is fast, low-cost, and environmentally friendly.
Avalanche supports Solidity programming language so decentralized apps built for Ethereum can be easily moved to Avalanche. As a result, dozens of leading Defi protocols, including Aave and Curve, have versions that run on Avalanche. And many new protocols choose to build on Avalanche, thanks to its $200 million fund to support developers.
Avalanche is developed by Ava Labs, which has received funding from Andreessen Horowitz, Initialized Capital, and Polychain Capital as well as angels Balaji Srinivasan and Naval Ravikant.
What is AVAX?
AVAX is the network’s native token that can be used to pay gas fees or staked to support and generate a yield.
The earliest historic price of AVAX is $0.5 during the $42 million token sale that was done in July 2020. However, the public sale accounted fбor less than 5% of the total supply of 720,000,000 AVAX tokens. A large part of the AVAX supply is controlled by the company, the foundation, and VCs.
The chart above shows how much AVAX is worth today. Clearly, so far AVAX token proved to be a profitable investment.
Today, Avalanche is a viable alternative to Ethereum. AVAX’s future investment potential depends on the network’s ability to capture a growing share of developers, users, and capital.
Avalanche vs Stoic AI Crypto Trading Bot
Predicting which cryptocurrency will ultimately lead the market is almost impossible
There’s no guarantee that Avalanche (AVAX) will still dominate in 5 years. A newer, more efficient technology could attract the majority of developers, users, and capital. Alternatively, a critical flaw in Avalanche’s (AVAX) design or ecosystem could hinder its progress altogether.
Instead of trying to predict the winner, a smarter approach is to diversify with a portfolio of potential contenders, including Avalanche (AVAX).
This is where Stoic’s AI-powered crypto trading bot comes in. Stoic uses hedge fund-grade quantitative research and advanced algorithms to build and manage a portfolio of crypto assets. By leveraging its automated trading bot, Stoic analyzes price data, returns, volatility, correlations, and other factors to identify coins with high growth potential.
The AI crypto trading bot rebalances the portfolio daily, cutting losses early and taking profits regularly. This eliminates the need for manual research and trading, making Stoic one of the best crypto trading bots for investors looking for a hands-free solution.
Over 15,000 people already trust Stoic to automate their crypto investing with cutting-edge bot trading technology. Whether you're new to crypto or an experienced trader, Stoic offers a seamless way to participate in the market with AI crypto trading.