Avax has been slowly climbing out of it's $75 hole from February, and has been finding higher lows for over a month. However, still struggling with new highs.
This is a stark contrast to the other crypto coins. Today being another day where some coins drop and couldn't able to climb new hights.
Before there was a war, when the Russia-Ukraine crisis was just a crises, many people foretold that if Putin wasn't bluffing, and Russia was to actually invade, it would be game over for crypto. It would be a massive black swan event, tanking most markets especially crypto.
Many of these people were talking about price of avax will definitely go below $40 even below $25.
We are two weeks into the war.
During this time, Avax ralied a little, and even briefly went above $85. We are still crabbing around $75, going couple of $s below, a couple of $s above. But the lows have been getting higher.
A long way from the predicted tanking
Since February, this is around the time Avax has started to slowly recover, at least finding a new highs. And if we look at the other side of crypto avax gains his momentum so fast.
Avax is a cryptocurrency with it's unique value proposition. Because of it's decentralized character, it is a fantastic choise for investors. It has a potential to grow and support even in crisis.
Disclaimer :-
You should invest in Avalanche after understanding all the required information and then make a good decision by doing proper and correct research.