Here’s How Much Your $100 Investment in Avalanche Will Be Worth If AVAX Reaches $100

Avalanche describes itself as “an open, programmable smart contract platform for decentralised applications (dApps).” With a goal to create a highly scalable blockchain that does not compromise decentralisation or security, this cryptocurrency and blockchain platform competes with Ethereum.

Avalanche’s Appeal

It boasts the lowest deployment costs for smart contracts. They claim that implementing smart contracts on Avalanche is one tenth of the cost of executing them on Ethereum.

They market themselves as the platform that is devoid of high gas fees, front-running, and other negative impacts associated with slow smart contract blockchains.

AVAX is the native coin of the Avalanche blockchain which uses smart contracts to support a range of blockchain applications (just like Ethereum). The Avalanche blockchain uses extremely flexible virtual machines to enable near-instant transaction processing.

This open-source platform is used for developing decentralised apps (dApps) and enterprise blockchain protocols. Being open-sourced implies that the platform’s distributed ledger technology (DLT) is entirely transparent and publicly available.

Future Outlook of Avalanche (AVAX)

With a market capitalization of $3.6 billion, AVAX is currently trading at $11.69. It has experienced a price slump for most of this year. AVAX has lost 9.13% of its value in the last 30 days, and 25.84% in the last 60 days. Its prices have plummeted by 33.90% in the last 3 months and by 89.76% year-to-date (YTD).

During the bull run of 2021, AVAX touched its all-time high of $146.22. Given that the AVAX crossed the $100 mark in the last bull run, and that the value proposition offered by the Avalanche ecosystem remains largely the same, it can do so again in the upcoming bull run.

Also Read: Here’s How Much Your $100 Investment in Solana Will Be Worth If SOL Reaches $100

How Much Money You Would Make if AVAX Reaches $100?

Let’s say you invest $100 in AVAX today. At the current price, which is $11.69, you will have approximately 8.55 tokens. If the AVAX reaches $100, you could sell them for approximately $855. Your investment (hundred dollars in this case) would give you a return of 8.5X, or 755%.

Similarly, if you buy $1000 worth of AVAX today at the current rate, you will get approximately 85.5 coins. Your $1000 investment will be worth $8.554 if liquidated at the price of $100. If AVAX hits the $100 mark in the next 4 years, i.e., by 2026, you will get an annualised ROI of 71% on your investment.

It is important for anyone considering investing in AVAX  or in any cryptocurrency to carefully research the asset, and understand the risks involved before making any investment decisions.

Disclaimer: This is not investment advice. DYOR

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