I was going to post this yesterday, but then held off and bought a little more AVAX which was hard after the recent run from about $7 a month ago, but still well below where I had originally purchased.
Some argue that because Avalanche L1s can use their own tokens, their growth wonβt necessarily accrue value to AVAX. That may be true in the short term, but Iβd argue broader adoption of the Avalanche ecosystem could tell a different story over time.
There definitely has been some positive news.
At $10.50, AVAXβs fully diluted valuation is roughly comparable to buying SOL trading at $28 in 2021 or ETH around $85 in 2017. It will be interesting to see what the future holds for Avalanche.
(Not financial advice, just an observation)
INSIGHT:
$AVAX saw a 12.6% pump today following news that Goldman Sachs is bringing its $100B flagship Treasury fund to Avalanche.