Best cryptocurrency to buy – Will subnets take AVAX to the moon?

Subnets have made Avalanche infinitely scalable, and adoption is gaining traction.

Key points:

• Avalanche is deep in the bear market and is down by over 80% from its most recent all-time highs.

• Avalanche has launched subnets, making it a highly scalable blockchain, perfect for any kind of Dapps.

• Adoption of Avalanche subnets is already on the rise in DeFi and Gaming.

Avalanche (AVAX) like the rest of the market, is still deep in the bear market. However, when you look beyond the price, a lot is going on within the Avalanche ecosystem that could see it outperforming many cryptocurrencies once the bull market returns. One of the key factors likely to drive Avalanche adoption is its positioning for the fast-growing Web 3.0 market. Web 3 apps are coming up fast and growing at an unprecedented rate. However, scale is a challenge as most major platform blockchains can’t handle the increased load...

Is Avalanche a good cryptocurrency to buy today?

With the launch of subnets, Avalanche is likely to see an upsurge in adoption going into the future. Thanks to its scalability, Avalanche is already known as one of the best blockchains for launching Dapps. In essence, now that it is taking both scalability and security a notch higher, adoption will only rise. By extension, this means good prospects for AVAX, the token that governs the Avalanche ecosystem.

Conclusion

Despite the price drop across the crypto market, Avalanche fundamentals are getting better. The launch of subnets has made Avalanche more scalable than ever before and highly attractive for launching all kinds of Dapps. Adoption is already on the rise, especially in gaming, further giving AVAX high prospects for value appreciation long-term.

Autor: Motiur Rahman

 Published: June 8, 2022

Link:Best cryptocurrency to buy – Will subnets take AVAX to the moon? (coinjournal.net)