AVAX is the native token of Avalanche, a decentralised, open-source blockchain platform that is famous for its smart contracts, cost-effectiveness, and eco-friendliness. You can use AVAX (also called Avalanche) to pay transaction fees, secure the platform through staking, and provide a basic unit of account between multiple Avalanche subnets.
The current value of Avalanche in Australia is 129.39 AUD$, which crypto experts believe might increase between 250 AUD$ to 300 AUD$ in 2022. Therefore, you might find it profitable to buy AVAX Australia since it will yield considerable returns in the next few years.
These are some of the most valuable information that will help you out.
What is AVAX?
Avalanche is an open, programmable smart contracts platform known for being incredibly fast, cost-effective, and eco-friendly. It was launched by a team of experts in 2020 in the USA and had a market cap of 100 million USD$. It enables users to launch decentralised apps, customise blockchains, and add millions of validators with minimal hardware capabilities. AVAX is the platform’s native token to secure the network through staking, paying fees, and providing a basic unit of account between various subnetworks created on the exchange.
What is the current price of AVAX?
The current price of AVAX is approximately 129.39 AUD$ in Australia, with an all-time high rate of 198.50 AUD$. It is ranked 11th in the cryptocurrency global rankings.
How to buy Avalanche?
You can buy and sell Avalanche through a cryptocurrency exchange platform after considering factors, some of which are mentioned below.
Does it provide adequate safety?
You should only select an exchange that prioritises safety and has an extensive security framework that enables you to buy, sell and store the digital assets. Breached password detection and two-factor authentication are desirable safety features on the exchange platform.
Can you buy AVAX with a credit or debit card?
If you are looking to buy AVAX with a credit and debit card, check whether the platform offers those options or not. You should also check if the exchange has a secure place to store the digital currency, such as an integrated wallet into your account. That will ensure the crypto asset is automatically stored in your wallet when you purchase it.
What makes Avalanche so popular?
- Speedy transactions
Avalanche enjoys incredible popularity among crypto traders for several reasons, and one of these is its underlying blockchain technology. It consists of three integrated blockchains that can process more than 4,500 transactions in one second. Additionally, it has a swift time of just two seconds in which it adds the transaction to the blockchain.
- An impressive number of projects
According to some experts, Avalanche occupies the top spot in the competition against Ethereum, another blockchain technology supporting “smart contracts.” Further, its ecosystem supports more than 300 projects in total, including some in Australia, and it continues to attract significant developers globally. An increase in the number of projects will directly impact the value of its cryptocurrency AVAX.
It is wise to buy AVAX in Australia because it has tremendous growth potential in the years to come. However, before you do so, select an efficient, reliable, and secure cryptocurrency exchange platform that lets you carry out the transactions smoothly.