Ethereum Rival That’s Exploded 350% in Four Months Could Skyrocket by up to 7x, Says Coin Bureau’s Guy Turner
The host of the Coin Bureau YouTube channel, Guy Turner, is expressing bullish sentiment on one blue-chip Ethereum (ETH) competitor.
In a brand new video, Turner tells the two.41 million subscribers of the Coin Bureau YouTube channel that one of many main narratives that may drive the subsequent bull market is the tokenization of real-world belongings.
Turner says that with the mission of Avalanche (AVAX) being to “tokenize all real-world assets,” AVAX may surge by up to 600% from the present degree.
“Throw in Avalanche’s GameFi focus and you’ve got the recipe for a really large rally as soon as the crypto market reaches peak FOMO (worry of lacking out).
Whereas it’s exhausting to say simply how excessive AVAX may go if it follows the opposite large-cap altcoins like Solana (SOL), it may pull a 5x to 7x from its present ranges, if no more, in the long run.”
GameFi or sport finance is the mixture of decentralized finance and on-line gaming to allow individuals to accrue worth from their actions.
AVAX is buying and selling at $40.05 at time of writing – a achieve of roughly 350% from its October 2023 lows.
Over the quick time period, the Coin Bureau host says that Avalanche may improve by round 74% from the present degree.
“[AVAX] appears to be painting a massive bull flag on the weekly chart. Depending on how you draw your lines, AVAX could rally as high as $70 in the coming weeks. And it’s possible it could go even higher if the macro conditions are favorable.”
Turner, nonetheless, warns that Avalanche may come beneath promoting strain quickly.
“There’s just one thing to remember, however, and that’s that Terra’s Luna Foundation Guard is apparently still holding just under $80 million worth of AVAX. Some of you might have heard that Terra recently filed for bankruptcy in the United States. This means it’s possible that this AVAX will soon be liquidated.”
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