Is it the right time to buy AVAX?

By Siffarr | Cryptoglyph | 13 Jan 2022


Avalanche has a unique transaction burning mechanism which would potentially drive scarcity and increase the price of its token AVAX. AVAX saw returns of 3000% in 2021. It seemed to have leveled off for now. Is it too late to invest in this token? As of Jan 13th, 2022 the price of this token hovered around $91.

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However, if you look at the price predictions, the most optimistic prediction (by Gov Capital) puts the price at around $308 for the year 2022. As DeFi and NFTs gain more adoption, AVAX will continue to grow. The gains might not be the same as in the previous year, but it can still generate big returns.

 

As with all crypto assets, mandatory disclaimer: Please do your own research and remember that it is a highly risky and volatile market.

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