The host of the Coin Bureau YouTube channel, Man 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 can 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 belongings,” AVAX may surge by as much as 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 (concern of lacking out).
Whereas it’s onerous 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 members to accrue worth from their actions.
AVAX is buying and selling at $40.05 at time of writing – a acquire 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] seems to be portray a large bull flag on the weekly chart. Relying on the way you draw your strains, AVAX may rally as excessive as $70 within the coming weeks. And it’s potential it may go even increased if the macro circumstances are favorable.”
Turner, nonetheless, warns that Avalanche may come underneath promoting strain quickly.
“There’s only one factor to recollect, nonetheless, and that’s that Terra’s Luna Basis Guard is seemingly nonetheless holding slightly below $80 million price of AVAX. A few of you might need heard that Terra lately filed for chapter in the US. This implies it’s potential that this AVAX will quickly be liquidated.”
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