The cryptocurrency market continues its volatile course. Uncertainty causes traders and investors to stay away from the market. This creates a vicious circle, preventing the market from recovering and fostering uncertainty. There is also confusion around AVAX, which has become a star with the hype of recent days. Two master analysts expect sharp movements in opposite directions for the altcoin.
Crypto bear predicts collapse for AVAX!
cryptokoin.com‘ As you’ve seen from, the market is trying to cope with suffocating uncertainty. In this environment, investors prefer to stay on the sidelines. However, Nevertheless, some cryptocurrencies manage to gain momentum in this environment. One of these was undoubtedly Avalanche (AVAX) until the recent hacking incidents. old u. With this, Crypto Capo, which we have recently known with its pessimist structure The pseudonymous analyst is the rising star of recent times. This altcoin project I china collapse. Meanwhile, the analyst has made many accurate predictions in the past. It needs to be noted. Check out this article for the analyst’s accurate predictions.
Crypto Capo, AVA accompanied by a chart X shared his predictions. Analyst on his chart He predicts a decline for AVAX from its current price of $10 to $2.62. This means that the altcoin project loses approximately 75% of its value. The analyst also discloses the basket of altcoins in which he opened a short position. According to this analyst , BNB, AAVE, WAVES, MATIC, SOL, He has a short position in CRO and TRX. Crypto Capo, Of these, he says that CRO is at par, TRX is in loss, but the remaining 5 altcoins are in profit. Finally, the analyst said, “The biggest collapse It hasn’t happened yet!” He warns his followers by saying.
AVAX price chart. Source: Crypto CapoAltcoin Sherpa: AVAX will increase by double digits!
On the other hand, another master analyst named Altcoin Sherpa taka says that Avalanche (AVAX) will increase by double digits. The analyst notes that Avalanche is on an uptrend following the launch of Friend.tech rival Stars Arena, a decentralized social finance application (SocialFi), on the AVAX Blockchain. Meanwhile, its developers launched Friend.tech on Coinbase’s Base Blockchain. The analyst expresses his expectations for AVAX as follows:
AVAX: Buy AVAX due to Stars Arena. It might end up being $12. If Base had a token during FT (Friend.tech) that would also work extremely well. People who don’t want to be exposed to Stars Arena can purchase AVAX and use that instead.
Source: Altcoin SherpaLooking at its chart, the analyst predicts that the Avalanche will face resistance around its current value. So he predicts it will drop to $10.20 before surpassing $12 in November. AVAX was trading at $10.41 at the time of writing. Additionally, the altcoin lost 3.34% on a daily basis due to the Stars Arena hack. According to the analyst, it remains unclear whether Stars Arena has a strong future.
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