Avalanche is one of the youngest networks out there, launched in only 2020, but let this not belittle its ambitions. It serves as an open platform for decentralized apps that lets you launch customized blockchains and execute transfers on many levels, from peer-to-peer transactions to complex smart contracts. Moreover, it's fully compatible with Ethereum products and can launch Ethereum dApps with a higher speed and lower fees. Keeping all this in mind, no wonder many see Avalanche as a legit rival of Ethereum. If you'd like to track the future of Avalanche, you can pay attention to its native coin, AVAX. We've prepared a chart displaying its market cap, the number of coins in circulation times their current price. Watch how it changes over time, spot upcoming trends and act accordingly.
