/biz/ - Business & Finance

>>58476994
I thought we still had room to dump
not even only AVAX, but the whole market
>>58477002
i wonder how does aianon even prompt this

>>58409033
of course it can, AVAX is hardcapped and deflationary and most of it is staked or delegated to Validators already and the demand for Subnets is huge.
From all chains out there it already has the most TradFi adoption so far because all of them want their own VMs, their own fee markets, load isolation and important features like making their chains permissioned (permissionless Subnets are also possible) and with the Teleporter all these Assets can interact with one another in a trustless way.
All of this is extremely important for that huge Tokenization effort that is currently underway, the WEF estimates that something up to 68 Trillion Dollars will be tokenized til 2030. Crypto Marketcap is at around 2.4 trillion right now.
And guess what most of these Assets will be Tokenized on these Subnets.
Another thing these Subnets will need is Oracle Services so it might also be smart to buy the LINK dip.

At the current marketcap of Ethereum, AVAX would be 28x from here but it could go much higher and probably will.
Its best to see it as a long term investment tho.