Top Altcoin to Watch: With a 50x rally, this Layer‑1 Token May Soon Outperform Bitcoin and Ethereum!

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As the mar­kets are turn­ing a lit­tle bull­ish some of the alt­coins are gain­ing sig­nif­i­cant gains. Among them is Avalanche (AVAX) which is believed to explode in the com­ing days. Cryp­to Bull and CIO of Mor­gan Creek Cap­i­tal, Mark Yusko says Avalance (AVAX) has the poten­tial to sky­rock­et by 50x in the next bull market. 

In an inter­view, the vet­er­an says that the pop­u­lar smart con­tract plat­form may even out­per­form the entire cryp­to space. 

“The key to invest­ing in this ecosys­tem is diver­si­fi­ca­tion. Don’t pull all your eggs in one bas­ket. You want to have a big chunk in Bit­coin. But if you think about it, if Bit­coin is as suc­cess­ful as we all think it will be, it won’t be the best per­form­ing, full stop.

Just because it’s the largest. It’s just the law of large num­bers. You’re not going to go from $400 bil­lion today-even if you go to $4 tril­lion, that’s a 10-bag­ger. Ethereum is at almost $200 bil­lion – if it gets to $4 tril­lion that’s almost twice as much.

But if Avalanche actu­al­ly becomes that inter­me­di­ate lay­er, or becomes a bridge to con­nect could be maybe 50x.”

Avalanche (AVAX) price is cur­rent­ly trad­ing at $17.30 with a mas­sive drop of 6.89% in the past 24 hours. 

Trad­ing View

The AVAX price which was trad­ing with­in a ris­ing wedge, dropped down slic­ing through the low­er sup­port of the wedge. How­ev­er, after under­go­ing a minor bear­ish action, the price has ignit­ed a notable cor­rec­tion phase. As a result, the bear­ish influ­ence is expect­ed to fade quick­ly, but it may remain valid until the price ris­es above $18. 

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