💥 2 most promising coins in my opinion (part 2)
🔹 AVAX
Since the previous post, AVAX has emerged from the accumulation zone and is now confidently establishing itself above the sideways trend. This is a key technical signal indicating a possible start of a strong movement.
Now, the fundamentals 👇
• Grayscale has filed an application with the SEC to launch a spot AVAX ETF.
• Approval of such an ETF will open the way for major players: pension funds, insurance companies, investment banks, family offices, hedge funds, and asset managers — all who can invest only through regulated instruments.
• This means more liquidity, more trust, new money.
• For AVAX, as an L1 with a smaller market capitalization than BTC/ETH, even a relatively small influx of capital can lead to significant percentage growth.
• The experience of BTC and ETH ETFs has shown that a regulated product is a trigger for a new cycle of interest.
💡 Based on this, my outlook on AVAX remains bullish:
Currently, a strong technical picture + strong fundamentals. An ETF is not a guarantee, but a huge chance that the project will establish itself as the 'official L1 for institutions'.
The second coin is already in the profile💪
