RE: My Crypto Buys for 2022
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Polygon and Solana are where the transaction volume is currently. Avalanche is actually very low and is causing me to be a bit cautious regarding my own decision to pick up at these prices.
Avalanche may have overextended itself, even now at number 13 may be a bit high. FTM is way down on the list and there is quite a bit happening there... currently the 4th largest network by TVL!
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yep, agree with this Avalanche is on the bottom of my list to stack. FTM sounds interesting though going to go check that one out thanks!
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I must disagree with you my friend, AVAX has about $350000000 - $1000000000 trade volume daily from what I have seen the past few months. Its not massive, but I do not think it is fair to label a network that has days above a billion dollars in trades as "very low" volume. Trader Joe exchange alone has had $1000000000+ volume days. It's also ranked #4 in TVL. I do agree that it is not a top tier network yet like ETH, BSC, or Polygon, but it is still a major SC network for sure and the volume is still fairly strong. I have no loyalty top AVAX btw, once the AMM pool APY% rates have dropped in a year I am selling everything, I have no emotional attachment to any of these new wave of VC-funded coins.
Very low volume would be dying networks like Bcash, or the laughable Cardano DeFi volume. On cardano even its #1 pair only traded $1.3M in volume today on SundaeSwap. Now that is an example of very low volume.