Subreddit rewardsforcrypto has an exciting portfolio competition. Basically, readers choose a crypto that they think is most likely to increase in value over one month. All these cryptocurrencies will be placed in a hypothetical portfolio and their price movements tracked for one month. First ten best-performing cryptocurrencies win crypto prizes from Hodlnaut!
Last month, I chose MANA. Although it performed reasonably well during the greater part of February, it eventually fell out of the top ten. Gutted, to say the least.
But a new month brings with it a new slate. So, this month, I’m placing my bet on AVAX. I’m so convinced that AVAX will accelerate in value that I went to research and build a compelling case for it.
Avalanche is now touted as an Ethereum killer as its one second finality is much more superior to even that of Solana (13 sec). AVAX also distinguishes itself from other cryptos by providing something unique: allowing developers to create multiple tokens that can be distributed across myriad subjects. As such, it has attracted keen interest from both traditional institutional giants and crypto firms. Grayscale is considering it; Celsius allows you and me to earn interest on it. Even 1INCH network has expanded its limit order protocols to AVAX. Its price movement is also nothing short of impressive. AVAX was $55 on 25 Jan; it has surged to $87 now!
And FTX now accepts USDC in AVAX. I can’t go wrong with such strong support from one of the crypto darlings, right?!
