Blockchain is a wonder of technology that is going to disrupt a lot of industries.
It's an arms race to see who will become the dominant force in the coming years.
Bitcoin may be digital gold,
but who will be the blockchain that is for the masses?
While a lot of focus has been put on Ethereum,
several layer 1s have come online this year that are showing the true potential of blockchain
in ways we didn't think was even possible six months ago.
Avalanche is one of those layer 1s that continues to show not just high prices,
but also has long-term development and long-term growth strategies.
AVAX is showing us it's here to stay.
Knowing more about Avalanche and its ecosystem must be part
of every crypto investor's little black alpha notebook.
Let's get it!
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In this video, we give you the latest updates on Avalanche.
Here's a quick overview of Avalanche in case you're new to crypto.
Avalanche was created in 2018 by Ava Labs,
which is led by John Wu.
No, not that John Woo.
This one. From Harvard.
Avalanche was created by a couple of Cornell computer science doctorates
and Cornell professor of cryptographic research
Emin Gün Sirer.
Emin has been in crypto for a while and was involved in Bitcoin itself
and did some research for the Ethereum team.
Like a lot of other crypto projects,
Ava Labs got some funding from Polychain and Andreessen Horowitz
which helped turbocharge its development.
We've done a few other videos on Avalanche and its fundamentals,
so you can watch them by clicking above.
Avalanche has seen huge growth this year,
not just in token price, but in network traffic.
The snowball network effect momentum is no accident.
The team at Ava Labs had built Avalanche from the ground up
to be highly competitive to other layer 1s.
It has multi-chains built in from the start,
the X, C and P chains.
Not to be confused with 2 Chainz.
This trifecta of chains has lead to highly optimized traffic.
Just look at this transaction chart for the base C-Chain.
As recently as August, the AVAX network was doing a meager 10k transactions per day.
But look at that parabolic growth on August 21.
169,000 transactions in one day!
This was a month or so after the dApp ecosystem had reached critical mass,
and investors were starting to take notice.
Look at this article back from July 2021.
Back then, one AVAX was just under $14.
Little more than a month later, and AVAX would see its largest pump ever,
reaching all the way up to $76 before taking a breather for a month
and going parabolic again.
Let me say it again.
Parabolic!
Avalanche broke $100 per token on November 17
and showing true resilience against all market headwinds.
It's a project that is truly ready for the next decade and beyond.
But it's not just sexy price action and green candles.
Avalanche is a mountain of good tech that's ready for Web3.
Avalanche NFTs are taking off in a big way,
and for evidence of that,
look no further than their recent partnership for the Seattle Kraken hockey team.
It's the first of a long line of NFT projects that are running on Avalanche,
and a lot of that is bolstered by the fact that Avalanche is proof-of-stake,
so it's able to sidestep a lot of the climate FUD that plagues other blockchains like Ethereum.
But maybe you don't care about Canadian men slapping hard rubber with their massive wooden sticks.
That's fine.
I don't either.
The slopes of Mount Avalanche are home to the goodest of boys,
husky.space.
NFTs and real-world goods come together on husky.space,
and it all runs on AVAX.
Their latest NFT drop of 3D Huskies sold out very quickly,
and more projects are on the horizon for the Husky degens at husky.space.
Be part of the pack and smash that like and subscribe button.
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the biggest and best pack of good boys and girls in crypto.
It should be no surprise that a low fee blockchain like Avalanche
is seeing a lot of development in gaming.
Imperium Empires bills itself as the first AAA space metaverse on Avalanche.
And that's a big claim.
The details on Imperium are outlined in an extensive whitepaper
that gets into the details of what gameplay will look like in the future.
There's no date set for a beta release,
but this project is one to keep an eye on.
Compare that with Crabada,
which is a play-to-earn game you can play right now.
It's a game about crabs that can mine things,
breed with each other,
steal loot,
and fight in what is sure to be the only crab-based warfare in any game ever.
So here's this giant enemy crab.
The game is cartoony and fun,
but the native CRA and TUS tokens are real and can be earned in game.
The crabs are actually ERC-721 assets that run on the AVAX C-Chain.
Do your own research to find other hidden gaming gems on Avalanche.
You might just find a few king crabs among the mud crabs.
Moving away from sea bugs, let's talk about profits.
Avalanche has had its biggest announcement so far this year in the last week
when Circle announced it was integrating its USDC coin onto the Avalanche network.
This is a big deal and couldn't have come at a better time.
The announcement set the price of the AVAX token shooting up,
but the most bullish news is in the new potential for Avalanche.
There's over 40 billion in USDC in circulation,
but most of that is on Ethereum.
After getting a nod from the UN that cleared Avalanche as carbon neutral crypto,
Circle quickly threw their support behind AVAX.
This announcement will be a catalyst for AVAX-based DeFi in the coming months
because as we all know, stablecoins are the backbone of DeFi.
DeFi has needed a shot in the arm recently,
so it makes sense that getting a breath of fresh mountain air would be good for it.
Now, instead of timing your token swaps to the Ethereum gas fees,
or just taking a huge hit on your profits to swap during high traffic,
you can do all your DeFi on Avalanche and never have to use a bridge to a stablecoin.
Keep your eyes up the mountain and watch for the avalanche.
The bear market is coming,
but hot projects will not only give you the ability to make gains during any market trend,
but will give you the flexibility to use your money in new and exciting ways.
Comment below with the Avalanche project that you are the most excited about.
Be sure to smash that like and subscribe button on your way out.
That's all I got.
Be blessed.
BitBoy out.