AVAX Could ‘Turn the Tide’ in 2022 Through This ‘Revolutionary’ Model

• Adam Cochran, professor and investment analyst utilized some tweets for discussing the importance of AVAX(Avalanche) and forecasted its performance.
• Adam Cochran thinks that AVAX can “outperform” this year if it continues to innovate while getting assisted by its subnets.
• As of this writing, AVAX was trending at the market price of $111.52, down by 4.18% in the previous 24 hours with a market capitalization of $27.1 Billion.

What is Avalanche?

Avalanche is a layer 1 blockchain operating as a platform for dApps and customized network of blockchains. Avalanche is one of the competitors of Ethereum, aiming to snatch Ethereum’s crown of most admired blockchain for smart contracts. Avalanche targets to achieve that by having an extraordinary transaction output, which can handle 2500 transactions per second without compromising the scalability.

This became possible through the distinct architecture of Avalanche. Network of Avalanche contains 3 separate blockchains: Platform Chain, Exchange Chain, and Contract Chain. Every blockchain has its unique motive, which radically differs from the methods utilized by the Ethereum and Bitcoin blockchains.

The Butterfly Effect

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Some tweets were utilized by the professor and investment analyst for discussing the importance of AVAX and forecasted how it could perform in the ongoing year. The significance of subnets of AVAX was pointed out by the analyst, which can provide assistance in the scaling of ethereum, where he said that as compared to Polkadot, Cardano, Polygon, etc. It contains the best way for scaling any core asset based on EVM currently, and the individual thinks the subnet model will be a game-changer.

A prediction was made by the analyst regarding the performance of AVAX. As per the analyst, AVAX’s breakout was too swift that the individual expected, and that’s why he was more on the fence and thought it might be difficult for it to keep an out performance. But honestly, if it is put inside a basket with other L1s it would still outperform.

Adam Cochran also suggested that if, through the assistance of its subnets, Avalanche keeps innovating, it can outperform in 2022.

2021: Year of the Pets

2022 might be the Tiger’s year, but 2021 was, without doubt, overshadowed by the crypto world. Varying from Shiba Inu to Dogecoin to other Floki themed cryptocurrencies got a lot of attention. Cochran explained, “As previous year was a cycle of growth for the crypto market, where while confined at home, getting stimulus checks, and eyes all a glow, we together monitored markets and thought ‘Yes, this dog coin is most probably the future..”

As of this writing, AVAX was trending at the price of $111.52 with a 24 hour down of 4.18%, having a market capitalization of $27.1 Billion.

People are advised to invest in crypto assets by doing their own research as the market is volatile and uncertainty is always roaming in the market.