/biz/ - Business & Finance

>>57572616
Pls tell me 4 digits is on the table

>>57572623
$1000 will act as support at one point within the next 2 years.

>>57572616
HELL YEA

>>57572616
based and AVAXpilled

kys roaches

This is gonna run up to four digits just like eth did. It will be number three.

>>57574074
Is there an actual reason beyond "hype" for that to actually occur?

>>57574074
A delusional baggie or paid shill typed this post. Many such cases!

>>57574241
Tech is alien-tier

>>57574241
>>57574241
If AVAX wins out in terms of asset tokenization and the partnerships they've been touting come to real fruition then this can easily go to 4 digits. If that doesn't happen then it will probably just remain a top 10 coin with more niche use cases like the gaming shit. Either way, it's the best L1 to bet on right now for that reason alone. There are probably better investments now than L1s this cycle, looking at stuff like Bittensor which is offering subnets as well, but also has the AI narrative. Etc etc.

>>57574412
>eth clone
>Alien tier
Brown hands typed this

>>57574497
>muh ETH clone
confirmed brainlet who cant read a whitepaper

>>57574461
explain to me why asset tokenization needs a token

>>57572616
Avax will hit $1000+

>>57572648
would be awesome but no way. eventually in 2030+ if it's still around

>>57574710
>tokenization

>>57574497
>doesn't know anything about it
>posts about it with conviction anyway

>>57574841
why aren't the tokens free and infinite instead of being a blatant ponzi scheme

>>57574896
>le ponzi
found the buttcoiner

>VM agnostic (can run anything on it)
>novel consenus mechanism that allows for massive validator set and sub-second finality
>gigabrained devs/team
>zero downtime in several years, c-chain (the one people claim is an 'ETH copy paste' handled 900 TPS this year without issue
>fixed supply and fees burned
>registered in NYC, never mentioned as a possible security in any SEC filings, founder on CTFC advisory committee
launching in 2024:
>Avalanche Warp Messaging, trustless cross-subnet transactions
>Firewood DB, first-in-class blockchain-specific database structure, will dramatically reduce read/write speeds and resources, enable easier state pruning
>HyperSDK/Vryx: Dev tools to leverage super efficient VMs, capable of up to 100k TPS

nobody is bullish enough

>>57574902
answer the question please I hold more than you probably

>>57574896
Why don't you use that massive brain of yours to figure out why something that will be used to transact trillions won't be infinite and free.

>>57574896
If something is tokenized on the avalanche network there is no reason it necessarily will pay fees in AVAX.

It may pay no fees per tx at all, if on a permissioned network, it may pay fees in USD, it may pay in a proprietary token, and it may pay fees in AVAX. All of these are possible on avalanche.

>>57572616
Not again with this scamcoin, I thought avaxtards would stop shilling that coin on sites like biz and beoble after they got fucked

>>57574962
tokenized assets will be on a separate subnet that might operate differently than say AVAX C-Chain. there's no way to tell what token it will on operate on and how Avalanche will be involved. That's the beauty of Avalanche, you can run anything on it

>>57574954
corporate email pasta

>>57574989
I guess I just don't understand the logic for the token price to keep going up. It seems completely backwards for something in the realm of software to become more expensive as adoption increases

>>57574954

>>57575044
>AVAX is hardcapped like Bitcoin
>AVAX fees are burned making AVAX highly deflationary
>AVAX is burned when new assets are created
>to run Subnets you have to stake AVAX
>most AVAX is already staked or delegated to validators
>Avalanche can scale to millions of Validators and Subnets

now what happens when demand keeps going up but the supply goes down?
can someone like you with an IQ barely above 50 figure it out? apparently not.

>>57575044
>corporate email pasta
maybe focus on the content

>I guess I just don't understand the logic for the token price to keep going up....
if its a scarce resource and demand increases, price will go up. This doesn't necessarily mean the network gets more expensive (fees & minimum stake for validation can be lowered as price rises), and on any novel subnet the fees can be paid in non-AVAX-tokens.

>>57575136
>>57575152
why is the supply scarce? why would you design a software product with a limited amount of copy pasted tokens. Ideally you want it to be as accessible to everyone as possible so it will scale. This is why uber and amazon and other companies run at a loss for decades. I just don't get it

>>57575174
the whole premise of a decentralised network relies on the fact that there is a cost associated with submitting transactions to the network, otherwise the network can be compromised at little/no cost and is becomes functionally useless.

why are 94% of avax holders still in the red if the coin is so amazing?

>>57575226
Because it's shit

Close threas

>>57575226
Good questions kek, im in the red myself

>>57575247
No, but seriously? Is it that bad? I found some info and i don't know if it's true:

The X and P Chains are barely used, add extra complexity to the ecosystem, and are mostly useless. They get 0.1 TPS of activity combined. Non-Avalanche wallets don't support them.

Moderate throughput: 70 TPS (gas target is 15M gas per 10s moving-window) compared to 60 TPS for Ethereum L1. So it's barely faster than Ethereum and much slower than Polygon PoS. There is way too much misleading marketing saying Avalanche is 4500 TPS, which only applies to the barely-used P and X chains.

Subnets have incredibly-bad incentives: Subnets are neither L2s nor sidechains. Subnets help the security of the primary network, but get nothing in return. The economic incentive is completely backwards. You have to pay 2000 AVAX to set up a validator to provide security to the primary network. The only benefit of building a subnet is that you get to rent Avalanche's existing validators, but no one is doing that. In fact, it's a security risk. There are backwards economic and security incentives to join as a subnet vs building your own separate network. Subnets would be better off building on Ethereum, Polkadot, and Cosmos.

Consensus protocol is complex and likely inefficient compared to BFT: Avalanche Consensus was designed for DAGs, but they forced a variation of it on the linear C and P chains. It requires 20 rounds of back-and-forth messages between nodes compared to 1 round for classical BFT. It's needlessly complex for a linear blockchain.

Very low adoption and usage: C-Chain currently gets 1/6 of the daily transaction count of L1 Ethereum, and but it would be worse if Ethereum wasn't already hitting its gas target.

Low Liveness: The threshold for stopping the network is 20%. It only takes a single network entity to take down the entire network (though it would be economic self-sabotage). Ava Labs by itself owns 20% of the total stake while all the German validators own 40%.

>>57575267
Poor tokenomics: The AVAX token is very inflationary (220% in 2021, 27% in 2022). The burn amount needs to be 500x greater to offset issuance.

Too many competitors: Avalanche's C-Chain was often marketed as an L1 "Ethereum killer", and its subnet ecosystem is sometimes marketed as a Cosmos Hub and Polkadot parachain competitor. However, they're already way ahead of Avalanche in terms of adoption and marketcap, and Avalanche doesn't do noticeably better than any of them.

I only listed the negatives i found, anyone care to elaborate why it's better than ethereum or any other chain?

>>57575226
because normies enter the market at the peak of bull cycles, and we're still basically in the bear...obviously

>>57572623
All L1s that aren't eth will run hard. ETH will be a guaranteed run, but because of gas fees people will inevitably look to other alt L1s to build their retarded shitcoins. Avax has been in the public mindspace for a while.

>>57572616
kek... it's going to zero

>>57575267
>X/P
You clearly don't understand avalanche if you expect the P-chain to be doing high numbers of transactions. It literally just deals with validating and delegating.

many times over the last year c-chain has done more tx than Ethereum, with dramatically lower fees and ~1 second finality, restrictions here are largely due to the EVM rather than avalanche itself. Even then, on just about any metric its superior to Ethereum. you could run SolanaVM on avalanche if you wanted to.

X-chain was a showcase of snowman DAG vm.... turns out the demand was for EVM chain so c-chain stole the show. That a single chain on a subnet didn't take market share is not concerning - it's a network of networks, not all will always be popular.

subnet and validator economics are changing (see ACP-13) on this matter.

BFT requires all to all communication which either means tx are very slow, or only include a very small set of validators - avalanche consensus solves this issue through repeated random sampling.... and achieves consensus in one block sub-1-second. What precisely is the issue here?

not sure on this last one - if you posit it to somebody like kevin/stephen/patrick on twitter they'd probably address it.

>>57575276
vesting != issuance

Avalanche has dramatically higher tx/day than either DOT/ATOM and has much better institutional adoption too - no idea where you got this one lmao

>>57575479
i see...congrats i guess

I think in addition to the tech, people are going to be looking for ethereum alternatives. If not SOL, which is known to stop, it's gonna be AVAX. ADA might attract some retards, and though I think there's room for ICP to grow, seeing it down from $800 probably doesn't help normies on the outside lookin in.

>>57572616
i used avax yesterday, so much better than eth

Out of my way, niggers.

Think HyperVM is going to be something from AvaLabs thats really important. It will show that they are competent in the VM design space as well. Unfortunately i dont think we will see it until EOY or 2025. Hopefully they release details on it before then.

why avax dumping right now?

>>57574074
AVAX won't flip SOL, COPE!

Bitch I got AVAX

>>57572616
ICP will not Avapoor

>>57574497
This. Not only is it an ETH clone, it's a low quality ETH clone. Their devs are complete utter retards as well.

where should i stake my avalanche?

>>57574412
>alien tier
lmao

Avax 2021 peak 134$ - 30b market cap
avax now at 38$ with 15b marketcap, so even if avax goes to the same marketcap as in 2021 peak bull which is 30b, the price will only be 76$ kek. i hope you baggies realize how dilluted your coins have become

>>57575226
80% up and I bought late.. what are you on about ?

>>57575374
Thanks cutie, i love my blue chip holds <3

>wagmi

>>57578904
you are such a little cutie pie i love my blue chip holds too xd
4chan is such a heckin wholesome place <3
4chan

>>57575174
Don't worry there will be plenty of avax to go round it has decimal places.

>>57572616
I feel the same way. Hoping for $120 this year.

>>57572616
Looks at its performance, I don't think it has any future

>>57574954
I’ll believe it when I see it. So far the only thing confirmed bullish about Avax this cycle is the beam gaming subnet

>>57575226
I bought last month and I’m in the green with red coin

>sold few weeks ago
haha... ha... ha....

>>57579004
>it hasnt gone up yet so dont buy it
lol never change biz

>>57574710

Why the hell should it not need a token, Faggot? I'm holding my assets based on the narrative, that's why I got RIO, HNT, DIA, XTP, and BNB in my portfolio.

>>57579046
I'll consider that sh*t only if I can hold it securely on a regulated platform like Tap Fintech. Their real-time payment network got my back for both crypto and fiat.

>>57572616

Bump, Looking to see new ATH for AVAX.

This thread needs Raid roach spray