AVAX

CryptocalEnvelopment

I need to talk about AVAX more, it makes me sad that it's never on this list anymore.

FarCenterExtremist

GALA, AVAX, and SOL. Why? Because those are the alts I have money in, and I make terrible decisions picking cryptos to invest in. 😅

Big-Refrigerator-379

Network outages this year: $ETH: 0 $NEAR: 0 $ATOM: 0 $FTM: 0 $ADA: 0 $AVAX: 0 $SOL: 8

Crypto-Jim33

ADA and SOL have already faded away... Not to Shill a coin I'm not even invested in but i think AVAX has far better chances to become a fair competitor to ETH

BuGsYq

How about AVAX ? Why no one ever talks about it ??

33nmakkie

How is Uniswap labs the company getting this valuation of 1 Billion? As in where is the valuation coming from because there is also the UNI token ? For example : Celcius was a company and the CEL token did not holds any rights to the business and was just a discount utility token. Holders of CEL have a right to nothing . ETH, SOL , AVAX , ADA, are blockchains and holders of their token are owners of the network and its revenue . ENS is a governance token and ALL revenue belongs to the company and nothing to the token holders , so they hold hot air , nothing more . Back to UNI token , it’s a governance token but just recently they voted that part of the revenue will go to the token holders . That’s good , UNI holders own something . But now the Uniswap labs company gets that high valuation raises some doubts on what actually owns the UNI tokens holders? I hope it’s not like ENS where you get the right to vote: as in right to work for free giving ideas but someone else is getting the cash 💰 ENS is making .

MrCarey

I wonder if ATOM will pass up AVAX in price next. It jumped past DOT earlier this year and the pattern is starting to look about the same here.

xiwefe2

Its not necessary that crypto will follow the same pattern, afterall adoption is way higher in these times compared to the past. A lot of projects that were at the top went straight to the last pages of coingecko lol. So I think that capitulation is here or really near for BTC and crypto in general..This are more of a crabbing times imo. and perfect for accumulation. I'm getting more VLX, ALGO, AVAX, CELO..but bullish the most on the first since its the fastest EVM chain out there and got funded in bearish times in a sum bigger than its mktcap. Times are rough for crypto rn i know, also with stocks, paper money,gold... But getting in at the bottom is priceless for the future bull run pamps.

sendhelpx3

What are your thoughts on COTI and AVAX?

Whole_Financial

AVAX

ReverendBlue

Perhaps, but premined, buzzword-reliant, kick-the-can-down the road-to-utility style scams (AVAX, ICP, SOL, APE are big ones that come to mind) that are purposely designed to attract dumb money in order to pump the bags of the backers, surely fit the bill.

nthgen

Coke, Pepsi...RC Cola. AVAX is the RC Cola of Layer 1s

lagav16

Unsurprising. I’ve seen little to no discussion of AVAX lately.

ChaoticNeutralNephew

No AVAX?

CointestAdmin

#Avalanche Con-Arguments Below is an argument written by gustavossj which won 1st place in the Avalanche Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > The main issue behind AVAX is that it does not handle transaction loads well. There is a lot of congestion which goes on, meaning that gas fees get increasingly high. This makes the network unusable for the most part. The price of the gas is unpredictable and makes it difficult for AVAX to succeed. > > This has shown to be true with Crabada, a game launched in the Avalanche network. Moments after this game gained traction, it negatively affected the network by adding stress to the gas fees. Those who were using defi under the avalanche network cannot do much with their funds since increased gas fees makes it difficult to withdraw. Someone who has not been aware of the current conditions of the network now has their money stuck there and cannot withdraw. This can be detrimental especially when funds are needed to pay for necessities. > > Gaming is going to be important in crypto. Looking into the future, the Avalanche network will not be scalable for games and other developments. Many improvements have to be made for AVAX to be preferred in the market. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2n5j/top_10_avalanche_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Avalanche) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xpwwdf/daily_general_discussion_september_28_2022_gmt0/).

CointestAdmin

#Avalanche Pro-Arguments Below is an argument written by ExchangeEnough7821 which won 1st place in the Avalanche Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > AVAX Pros: > > What is Avalanche? > > Avalanche is a cryptocurrency that uses smart contracts in order to host a large number of blockchain projects. It is one of the many coins that potentially could rival Ethereum. The two main priorities and focuses of the AVAX project are the speed of transactions of this coin, and the scalability of this coin and its infrastructure. Finally, the avalanche is completely open source, so all users can add to or just look at the code that makes up AVAX. > > What are the pros of Avalanche? > > Most notably, Avalanche has a very quick transaction processing speed, So far, AVAX can handle 4,500 transactions per second, a large increase compared to Ethereum’s 15 per second - seemingly tiny in comparison. Therefore, Avalanche has a greater ability to scale large amounts – it can handle large demand and interaction that comes with a popular network. > > One of the things most valued by those using the AVAX blockchain and invested in the avalanche coin is the rewards given for processing AVAX transactions. This reward structure is so attractive particularly due to its low system requirements- only 4GB RAM and a 2GHz CPU are needed, making this reward structure accessible to everyone, in turn making the user base of AVAX larger. By rewarding participation, it encourages users to get involved with the avalanche network. > > Finally, Avalanche uses 3 compatible and interoperable blockchains that, when used together, can overcome issues faced by other blockchains. The first of these is the X-Chain, which is responsible for creating and exchanging the AVAX assets and of course coins. Secondly, there is the C-Chain (the contract chain) which is for hosting the decentralised applications and smart contracts. Finally, the P-Chain keeps track of active subnets, and easily creates new ones. When all of these are combined, the AVAX blockchain is well rounded and with few flaws. > > In conclusion, the main pros of the Avalanche network is its incredibly fast processing speed, rewards scheme and the interoperable blockchains that overcome issues faced by many other ones. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2n2h/top_10_avalanche_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Avalanche) to find arguments on this topic in other rounds.

CointestAdmin

Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit an AVAX pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwtw2/top_coins_avalanche_proarguments_april_2022/). | To submit an AVAX con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwtxl/top_coins_avalanche_conarguments_april_2022/).

CointestAdmin

#Avalanche Con-Arguments Below is an argument written by gustavossj which won 1st place in the Avalanche Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > The main issue behind AVAX is that it does not handle transaction loads well. There is a lot of congestion which goes on, meaning that gas fees get increasingly high. This makes the network unusable for the most part. The price of the gas is unpredictable and makes it difficult for AVAX to succeed. > > This has shown to be true with Crabada, a game launched in the Avalanche network. Moments after this game gained traction, it negatively affected the network by adding stress to the gas fees. Those who were using defi under the avalanche network cannot do much with their funds since increased gas fees makes it difficult to withdraw. Someone who has not been aware of the current conditions of the network now has their money stuck there and cannot withdraw. This can be detrimental especially when funds are needed to pay for necessities. > > Gaming is going to be important in crypto. Looking into the future, the Avalanche network will not be scalable for games and other developments. Many improvements have to be made for AVAX to be preferred in the market. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2n5j/top_10_avalanche_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Avalanche) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xp0c4c/daily_general_discussion_september_27_2022_gmt0/).

CointestAdmin

#Avalanche Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Avalanche Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Avalanche (AVAX) is considered a third generation cryptocurrency. Much like its competitors Cosmos and Polkadot it is Proof of Stake blockchain that enables smart contracts. > > Avalanche launched in 2020 by Ava Labs. The Avalanche blockchain is composed of 3 different blockchains, the Exchange, Platform and Contract chain. The exchange chain is used for making transactions, most of the DeFi platforms are located on this chain. The Platform chain is used for creating L1 and L2 blockchains on top of the AVAX chain. The contract chain allows developers to create smart contracts. > > The best feature it has on its competitors is its throughput. Reportedly AVAX can support 4,500 transactions per second. This can even be increased by implementing subnets. Due to its explosion in DeFi AVAX currently has about 3 billtion in [Total Value Locked](https://twitter.com/avalancheavax/status/1402331073485414406/photo/1) . Currently the staking APR is \~9.5% for delegators. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2n2h/top_10_avalanche_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Avalanche) to find arguments on this topic in other rounds.

CointestAdmin

Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit an AVAX pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwtw2/top_coins_avalanche_proarguments_april_2022/). | To submit an AVAX con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwtxl/top_coins_avalanche_conarguments_april_2022/).

Old_Difficulty7040

Nice call, but I will also be adding few coins like MATIC, OGN and AVAX to the list.

Tranam009

After BTC, my best bets in this space are AVAX, BNB, OGN and DOT

MrCarey

Alright ATOM, you passed up DOT in price, let's fly past AVAX for the next leg up!

deltavictory

Check out defikingdoms. Its an rpg nft game running on its own AVAX subnet.

mteko

AVAX anybody???

CointestAdmin

#Avalanche Con-Arguments Below is an argument written by gustavossj which won 1st place in the Avalanche Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > The main issue behind AVAX is that it does not handle transaction loads well. There is a lot of congestion which goes on, meaning that gas fees get increasingly high. This makes the network unusable for the most part. The price of the gas is unpredictable and makes it difficult for AVAX to succeed. > > This has shown to be true with Crabada, a game launched in the Avalanche network. Moments after this game gained traction, it negatively affected the network by adding stress to the gas fees. Those who were using defi under the avalanche network cannot do much with their funds since increased gas fees makes it difficult to withdraw. Someone who has not been aware of the current conditions of the network now has their money stuck there and cannot withdraw. This can be detrimental especially when funds are needed to pay for necessities. > > Gaming is going to be important in crypto. Looking into the future, the Avalanche network will not be scalable for games and other developments. Many improvements have to be made for AVAX to be preferred in the market. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2n5j/top_10_avalanche_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Avalanche) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/xo380x/daily_general_discussion_september_26_2022_gmt0/).

CointestAdmin

#Avalanche Pro-Arguments Below is an argument written by ExchangeEnough7821 which won 1st place in the Avalanche Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > AVAX Pros: > > What is Avalanche? > > Avalanche is a cryptocurrency that uses smart contracts in order to host a large number of blockchain projects. It is one of the many coins that potentially could rival Ethereum. The two main priorities and focuses of the AVAX project are the speed of transactions of this coin, and the scalability of this coin and its infrastructure. Finally, the avalanche is completely open source, so all users can add to or just look at the code that makes up AVAX. > > What are the pros of Avalanche? > > Most notably, Avalanche has a very quick transaction processing speed, So far, AVAX can handle 4,500 transactions per second, a large increase compared to Ethereum’s 15 per second - seemingly tiny in comparison. Therefore, Avalanche has a greater ability to scale large amounts – it can handle large demand and interaction that comes with a popular network. > > One of the things most valued by those using the AVAX blockchain and invested in the avalanche coin is the rewards given for processing AVAX transactions. This reward structure is so attractive particularly due to its low system requirements- only 4GB RAM and a 2GHz CPU are needed, making this reward structure accessible to everyone, in turn making the user base of AVAX larger. By rewarding participation, it encourages users to get involved with the avalanche network. > > Finally, Avalanche uses 3 compatible and interoperable blockchains that, when used together, can overcome issues faced by other blockchains. The first of these is the X-Chain, which is responsible for creating and exchanging the AVAX assets and of course coins. Secondly, there is the C-Chain (the contract chain) which is for hosting the decentralised applications and smart contracts. Finally, the P-Chain keeps track of active subnets, and easily creates new ones. When all of these are combined, the AVAX blockchain is well rounded and with few flaws. > > In conclusion, the main pros of the Avalanche network is its incredibly fast processing speed, rewards scheme and the interoperable blockchains that overcome issues faced by many other ones. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2n2h/top_10_avalanche_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Avalanche) to find arguments on this topic in other rounds.

CointestAdmin

Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit an AVAX pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwtw2/top_coins_avalanche_proarguments_april_2022/). | To submit an AVAX con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwtxl/top_coins_avalanche_conarguments_april_2022/).

CryptocalEnvelopment

AVAX, mostly because I bought the top.

Smiling_Jack_

I dumped the vast majority of my alts by December of last year. For all of the talk of lengthening cycles, institutional investment, etc., the crypto (aka BTC) cycles keep playing out to the same script. I kept about 50% of my bags in the alt L1s (minus ADA, sold the whole bag), such as FTM, SOL, AVAX, ATOM, etc., just in case. I did not touch my BTC or ETH bags, as I consider those long term blue chips. I've been scaling back into the alt L1s since June, but will not touch any of the other alts until I am confident the trend upwards again.

Powered_by_Potato

Asked the same question 2 weeks ago and got downvotes by people who insists he was wrong but can’t get any justification except “the rest said so”. I will post it here what I said last time: Actually can someone enlightened me on what this arrest is for? I know there are rumours of him doing money laundering but it has not been verified yet. Terra collapse is a shock, I invested heavily in LUNA and UST as well but I understood the risks when it comes to the death spiral and the algorithmic nature of the stablecoins and blockchain. However, my investment into Luna was more into protocols like Mirror, Stader, Mars and White Whale. I don’t believe it is Do Kwon’s fault that it collapsed although on hindsight, OTC trading of BTC,BNB, AVAX and announcement of shifting of liquidity pool probably wasn’t the smartest move. I’m not trying to protect him but saying Terra is a Ponzi scheme sets a worrying predicament that all cryptos/ stocks/ gold are ponzi cause it involves the arbitrary valuation of the asset and the last thing we need is for regulators to come in and declare all cryptos are ponzi. Don’t get me wrong, I want my money back but I don’t blame him for it except my greed.

MaxSmart1981

AVAX, DOT/KSM or ATOM (possibly both, but most people seem to prefer one or the other), OP is an interesting project, ENS...honestly if it were me, I'd just split between BTC and ETH though.

coinfeeds-bot

tldr; Private-equity giant KKR has tokenized part of its $4 billion Health Care Strategic Growth Fund II (HCSG II) to be tokenized on the Avalanche (AVAX) blockchain. The tokenized version of the fund was available to investors whose net wealth was as low as $5 million and for a minimum of $100,000. KKR is one of the few U.S. private equity firms to open one of its funds to tokenization on a public blockchain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Sadboiiy

Private-equity giant KKR opened up part of its $4 billion Health Care Strategic Growth Fund II to be tokenized on the Avalanche (AVAX) blockchain, granting access to the asset class to investors with a fraction of the wealth normally required.

Ndivided132

You can get a little over 5 AVAX for $100 That’s such a good bargain

oolonginvestor

Thanks man. They changed their tune from “sorry for your loss” to “we’re looking into it be patient” so that’s promising. Also they took down AVAX x chain after my complain so I’m guessing that they found an issue and most likely it’s the issue that’s keeping me from accessing my crypto.

CSharpSauce

Think that's on AVAX

oolonginvestor

Dear valued KuCoin user, Thank you for reaching out to KuCoin Customer Support. Your case is in process. Our team is dealing with your request, which will take some time. Please be patient. Kind regards KuCoin Customer Care and Support Team \*Current status\* This is better then "Sorry about your loss" and telling me that KuCoin doesnt support an X Chain for AVAX. We'll sit and wait. I'll keep everyone posted. Thank you everyone for your support and feedback on this matter.

Durzel

Tough love time. “KuCoin is trying to steal my AVAX” Is a pretty strong statement, perhaps libellous even. Do you really think it’s likely that they want to steal $6000 from a customer? Secondly, this is a stressful situation I’m sure but the way you’re talking about it - either it’s hyperbole, which I hope, or you need to ask yourself whether investing what sounds like life changing money to you is prudent. I’d suggest leaving it for a while and coming back to it with a clear head after a few hours. If it IS gone then it’s not magically going to come back, and if it isn’t it might just need more time to complete.

Apinaheebo

Always send a test transaction, even Vitalik does. Your money is probably fine though, the site just says that the AVAX wallet is currently in maintenance. The people you are chatting with are outsourced and often have no clue what they are talking about.

oolonginvestor

Now the AVAX (X) chain that the rep told me they don't support is currently down. I wonder if this is a good sign? If my query brought attention to it?

oolonginvestor

The "Im sorry for your loss" came after they looked into it and told me that the X Chain I sent the AVAX on was not supported when it clearly is [https://imgur.com/a/BA31Lau](https://imgur.com/a/BA31Lau) [https://www.kucoin.com/news/en-avax-c-chain-is-now-supported-on-kucoin](https://www.kucoin.com/news/en-avax-c-chain-is-now-supported-on-kucoin) So the rep was telling me that we don't support the chain you sent it on, it's gone sorry...

oolonginvestor

Now when I pull up the wallet address for AVAX in KuCoin it tells me that the AVAX network is unavailable? I wonder if this is whats causing the issue?

p4t0k

BAT, FIL, MYST, AVAX ETHW just in case SEC will make more evil with ETH, but also ETH is reasonably low.

Colombian_Meatsmoker

Replace AVAX with dot and I’m game

maxpowerzTTV

ETH, SOL, AVAX. DCA now and next bill run you’ll be in a good place financially. Not financial advice.

MrCarey

Lookin' like ATOM will pass up AVAX in price real soon.

Asesinato

BTC, ETH and ADA for a sure thing. MATIC and AVAX are also good prospects with the potential for high returns.

Goonzoo

The 29 Tokens: Shiba Inu (SHIB) Solana (SOL) Avalanche (AVAX) Dogecoin (DOGE) and some others that still need approval

TheSeventhNipple

Anyone still hodling AVAX?

Hot-Canceld

Why im bullish on ATOM and AVAX

MorningDewDiligence

Another not great news day for AVAX

Dubb18

>other devs aren't going to go out of their way to test, integrate, support, and host assets from other companies. That isn't going to be true in at least one case. Not a major developer, but a gaming platform is being developed so that games can be integrated into a multichain environment (AVAX, ETH, WAN, BSC, etc). They're making it easier for developers to integrate blockchain use.

tiefensicht

Eth implementation of PoS is bad. On Cosmos Hub everybody can stack any amount, staked distribution from validators way better then ETH. Some valdator is elected to write next block and the other check if the block is correct, u would have to corrupt at least 51% of them. Fees are around 1cent collecting rewards and delegate/spend them is also not of a big issue. Now the beauty of ATOM, in proportion small stakers get more Airdrops then whales, so the small stakers can catch up over time. SOL,DOT, AVAX, ALGO ... do the same, minus airdrop culture. Some coins are mainly used for speculation, others reward participation like staking, governance, liquidity pools, airdrops and so on.

mdby_

ETH and BNB for sure. I'm betting also on DOT, AVAX, NEAR, EGLD, MATIC and ATOM

Stoopiddogface

Simple version: cosmos is a expanding group of blockchains that all work off of the same format. They can all talk to each other and through specific projects can talk to BTC, ETH, AVAX, DOT etc... ATOM is the hub of the internet of blockchains... they achieved their full white paper and are about to give further updates on their plans for the future. YouTube it...

Massive-Try-3016

I invest in several, as no one knows which ones will succeed. Big positions:ETH, SOL (40% total) Medium positions:ADA, DOT, ATOM, MATIC, AVAX (50% total) Smaller positions: NEAR, ELROND (10% total) I usually only Invest in L1/L2 ínside Top 50 projects by market cap

ShortFroth

BNB is backed by the one entity in this space that makes real money. Probably ETH and BNB Then it is a fight to the death between ADA, SOL, ALGO, AVAX, MATIC, SOL and MATIC have the most momentum . ADA, has a huge community AVAX and ALGO have a lot of capital to burn through still, but have the lowest odds in my opinion. Or something brand new will pop up and kill everyone. Who knows.

MaeronTargaryen

It wasn’t against DOT, the list was getting a bit long and ATOM and DOT are on the same turf. I have used and like ATOM so I went for it. But DOT will do well. AVAX too, SOL probably too. Etc

di0reflect

ETH, AVAX and algo for me. I see these all thriving in the upcoming years. Avax did have some bad news. However, i see them grow above it.

coinsRus-2021

I don't think there will be just one survivor - too early. Lots of loyal investors to the individual projects. Frontrunner layer 1s in my opinion are ETH (Obviously), ADA, SOL (Can't stand the project but it survives), ALGO, and AVAX. Yeah, I don't see any of these layer 1s dying off right now. More likely layer 2s die off.

Sammydho12

Good call! However, I’m more bullish on AVAX, OGN and LINK.

Lillica_Golden_SHIB

"However, the loophole is that GMX offers trading to users at zero slippage, or the difference between the expected price of a trade and the price at which the trade is executed. But all pricing data on GMX is derived from centralized exchanges, such as Binance or FTX, meaning a trader could buy a large number of tokens, such as AVAX in this case, on zero slippage, rapidly drive up prices on centralized exchanges by placing buy orders on those venues and selling the initial position on GMX at higher prices."

VAMPXIII

Even though I ignored it for years ATOM does seem like a place where a beginner can start their crypto journey. I would say stick with it before you get familiar with the basics. After that moving over to Matic or SOL and AVAX is just a matter of bridging your tokens and Metamask works on all of them.

coinfeeds-bot

tldr; The GMX exchange saw the price of its native token, AVAX, plummet by 20% in the past 24 hours due to price manipulation of a certain trading pair. GMX confirmed the price manipulation on Twitter. The exchange's official account confirmed that open-interest has been capped at $2 million long and $1 million short. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Decentralized exchange GMX has suffered a price manipulation exploit from an exploiter who managed to make off with around $565,000 from the AVAX/USD market. The exploiter capitalized on GMX’s “minimal spread” and “zero price impact” features to pull off the exploit. GLP and GMX trading markets continue to operate normally. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Julia_Vin

While we review the occurrence, open-interest for AVAX has been capped at $2m long / $1m short.

coinfeeds-bot

tldr; GMX, a decentralized crypto exchange powered by Artibitrum and Avalanche, allegedly fell victim to a price manipulation exploit worth around $565,000 on the AVAX/USD pair. The GMX exchange has capped open-interest for the pair at $2 million long and $1 million short. GLP and GMX markets continue to operate normally. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

tipsoutforharambe

That AVAX price manipulation exploit was 👌

StarlikeLOL

They're not blaming AVAX lol, the price manipulation OF AVAX token happened on Binance.

SurenRongyao

Apparently some whale exploited the GMX trading platform by moving the AVAX market on Binance (or other cex) with big stacks.

LivingFondant1419

Theyre blaming AVAX and apparently were warned months in advance about potential for issues!

ShortFroth

Dont have hope for it. When VC money dries up, it wont be able to support its own ecosystem. If it reaches 2030 without massive adoption it is dead in the water. Ethereum , L2, BNB, Polygon, AVAX, Fantom are all EVM chains. Cardano, and Solona are next in line for dominance. Too much competition, it has a too small of an ecosystem, its ecosystem is built too different, and has the same regulatory risk as all the others.

Tl2p4i

I strongly agree with you. I am also here for the long term, and not only that, I am also considering projects with great utility driven - AVAX, OGN, LINK and MATIC.

Tl2p4i

I am actually here for the long term. For my long term goals, I'm currently considering SOL, OGN, AVAX and LINK.

CharlieTheo-14

Getting antsy. I’m liking AVAX under 17….

Powered_by_Potato

I think you are thinking about LFG trying to repeg UST value by trading OTC with USDT and BTC. On hindsight that was probably a bad move but I doubt him and LFG can do anything else because buying BTC, AVAX and USDT for reserve was the plan all along and the plan did not work out. I believe the only allegation was that before the depegging event, Do Kwon has been selling Luna and pocketing the money but I don’t know whether there’s a strong enough case to make against him in that case since those are his personal holdings.

jewbagel10

Hopefully the team can stay out of the negative press, it gets rough during the bear, AVAX/ICP had news. All the fund less than safu in Hodlnaut, one bad look can doom an alt to obscurity

ZacamaPrimalCalamity

Shakepay because of the "shaking sats feature". I use it every day for some satoshis. Unfortunately they capped it a while back and missing a day with a 200 day streak hurts. They also don't charge you for the gas fee on ETH and BTC (the only two crypto on their platform) withdrawals above 100 dollars. Netcoins has a very generous sign up bonus, and their fee (1.5%) is fine for bulk sums, including a flat withdrawal fee. They have an ever expanding list of coins from ETH, BTC, ALGO, XLM, DOT, AVAX etc. They also removed USDT Tether from their platform, so if you were worried about USDT they should not have that risk I would have recommended Netwon, if they ever verified my account, which the other platforms had no problem with.

Powered_by_Potato

Actually can someone enlightened me on what this arrest is for? I know there are rumours of him doing money laundering but it has not been verified yet. Terra collapse is a shock, I invested heavily in LUNA and UST as well but I understood the risks when it comes to the death spiral and the algorithmic nature of the stablecoins and blockchain. However, my investment into Luna was more into protocols like Mirror, Stader, Mars and White Whale. I don’t believe it is Do Kwon’s fault that it collapsed although on hindsight, OTC trading of BTC,BNB, AVAX and announcement of shifting of liquidity pool probably wasn’t the smartest move. I’m not trying to protect him but saying Terra is a Ponzi scheme sets a worrying predicament that all cryptos/ stocks/ gold are ponzi cause it involves the arbitrary valuation of the asset and the last thing we need is for regulators to come in and declare all cryptos are ponzi. Don’t get me wrong, I want my money back but I don’t blame him for it except my greed.

CharlieTheo-14

Sending AVAX from cronos to Coinbase. Do I choose AVAXC or what?

CharlieTheo-14

46 more AVAX. Just hit my number.