Coin highlights: Avalanche



AVAX (Avalanche) as Large-cap Coin is 33rd in the 2100NEWS ranking. The quality of the order book of AVAX is Good. The average quality of the order book for large caps members of the NWSL100 index is 17.2. What is the valid value criterion in the crypto world?

*Among all, the price is always at the forefront. By comparing with the index, we can gauge the price-performance with similar digital assets that are members of the index. Considering an investor’s point of view, peer comparison should be efficient and effective. We present you tokens that are worth keeping in mind.

 

About coin

AVAX has been launched in 21 exchanges.

Avalanche as Large-cap Coin is 33rd in 2100NEWS ranking (after Index Review of 15th January 2021). It is an Index member: NWST1100, NWSL100, NWSCo100.

2100NEWS DA Orderbook Quality Evaluation Grade: Ordinary, Score: 19.6, (Average for Large caps: 17.2)


Over the past week, the average market cap was $893.6 million; the average daily volume was $118.4 million.


 

In this section, we will examine how the market, with price changes, evaluates project progress. It seems essential to us if the project is outside of the normal tide of crypto project prices. We gauged the AVAX (Avalanche) with 2100NEWS DA Coin Index (NWSCo100) to make an appropriate peer comparison.  On average (violet area chart), the relationship between AVAX to NWSCo100 has shown that it was more potent over the last three months. It has beaten NWSCo100 by 31.5%. Let’s compare the AVAX green area graph with the orange index area graph while observing the correlation graph. The correlation graph explains that the correlation is semistrong (Pearson’s correlation coefficient = 0.64). However, 90% of the time, it was moving in the same direction as the NWSCo100. So, it has been a good representative of the NWSCo100 index in terms of price changes.

*The chart below shows the AVAX compared to NWSCo100 at the top, the box in the middle of the chart shows the original AVAX price, and at the bottom of the chart, we see NWSCo100 and the correlation between  AVAX and NWSCo100.

 

2100NEWS observation:

A relatively young project, but they have already done a lot. They offer us different things: we can deploy blockchains that fit our own application needs; we can create and trade digital assets or build scalable smart contracts and dapps. Given the tutorial and instructions, it seems to be easy to tackle. Otherwise, you don’t know until you start working, do you? According to the roadmap, they still have a lot of work to do. The coin AVAX was launched on several crypto exchanges very quickly. They also invest a lot in the community. Telegram is available in 14 languages (channels). The Twitter account is also available in several languages. They have 26.8 K followers on their main English account.

 

About Avalanche – what they do

Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets. Avalanche gives you complete control over both the network and application layers–helping you build anything you can imagine.

Avalanche features 3 built-in blockchains: Exchange Chain (X-Chain), Platform Chain (P-Chain), and Contract Chain (C-Chain). All three blockchains are validated and secured by the Primary Network. The Primary Network is a special subnet, and all members of all custom subnets must also be a member of the Primary Network by staking at least 2,000 AVAX.

A subnet, or subnetwork, is a dynamic set of validators working together to achieve consensus on the state of a set of blockchains. Each blockchain is validated by exactly one subnet. A subnet can validate many blockchains. A node may be a member of many subnets. A subnet manages its membership, and it may require that its constituent validators have certain properties.

 

General information

Based in Brooklyn, NY, USA, AVA Labs was founded by Cornell computer scientists who brought on talent from Wall Street to execute their vision. The Leadership team consists of Emin Gün Sirer (CEO), John Wu (President), Maofan “Ted” Yin (CPA), Kevin Sekniqi (COO).

 

Exchanges: BiKi, Binance, BiONE, Bitfinex, BKEX, CoinEx, Coinone, CoinTiger, Felixo, Gate.io, HBTC, Hoo, Hotbit, Huobi Global, Huobi Korea, LBank, LongBit, OKEx, Paribu, VCC Exchange, ZG.com.

 

Website:     https://www.avalabs.org/ 

You can follow them:     Facebook    Reddit    Twitter

 

Do you know more about this topic, or would you like to report an error in the text? Leave a comment or email us at info@2100news.com.

 

The Crypto Highlights are considered the opinion of 2100NEWS, and the material is for informational purposes only, and 2100NEWS is not soliciting any action based upon such material. The material is not to be construed as an offer or a recommendation to buy or sell a security, nor is it construed as investment advice. At the time of this article’s writing, the author did not hold any tokens AVAX.



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