BTC
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The Avalanche coin is in the top 15 cryptocurrency rating by capitalization. In 2021, it showed a crazy rally, rising in price from $ 3 in January to almost 145 in January. This was certainly facilitated by the bull season. After all, in January 2021, Bitcoin set its next record, rising in price to 68 thousand. All the coins then took off after it. After that, there was a long decline in the crypto market. All the coins only got cheaper.
And now, finally, 2024 has come, and with it another bull season. Bitcoin has already set a new record of 73 thousand dollars, but what about our Avax coin? Unfortunately, it could only reach the 60 mark. Sixty dollars for Avalanche in March 2024! This is all that Avax was capable of at the next Bitcoin maximum. This is certainly a bad result. But Avax couldn't gain a foothold at $60 either. Another long correction followed, and now Avax is trading around $23 per coin.
Perhaps Avalanche will return to the $60 level, but the price of $145, as it was in 2021, alas, is now only a dream.
I wouldn't buy this coin.
Even if Bitcoin rises to $100,000, Avax is unlikely to cost more than $60-70 per coin.