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Avalanche

AVAX

AVAX to GBP Price

£26.19

Avalanche Market Cap

£10.3B

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AVAX GBP price chart / performance

AVAX GBP price chart / performance

From
Jun 5, 2024
To
Jun 12, 2024
Past performanceis not indicative of future results. GBP (£) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+5.40%
Return (7D)
-7.84%
Return (1M)
-2.50%
Return (1Y)
+183.84%

My Investment

My Investment

Profit Taken
£0.00
0.00%
You Have:
Unrealised P/L
£0.00
0.00%

Avalanche (AVAX) History and Overview

Avalanche (AVAX) History and Overview

Avalanche (AVAX) is a blockchain platform designed for smart contracts, dApps, and subnets (customized blockchains) in the context of DeFi. The network focuses on fast transactions, low fees, and energy efficiency. The native token of the Avalanche blockchain is called AVAX. Avalanche (AVAX) uses a variation of the proof-of-stake consensus mechanism and allows users to stake AVAX tokens. The three-blockchain architecture and unique proof-of-stake consensus protocol give Avalanche the capacity to deliver high throughput and near finality of transactions. Avalanche is a layer-1 blockchain to perform at a scale suitable for Web3 and DeFi. Avalanche offers interoperability to developers and users. You can buy AVAX on most major crypto exchanges and investing apps as well as trade it.

How To Buy Avalanche or Add it to your Strategy

The fastest, most convenient way to purchase Avalanche is to purchase it on ICONOMI. We check Avalanche live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Avalanche by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Avalanche is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Avalanche, we recommend you read the next section, as copying might be a better approach.

Add Avalanche to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Avalanche in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Avalanche AVAX. See all Avalanche price predictions in real time and make the best use of their crypto knowledge.

2/3


Detailed Analysis of the First Correlation Table:


Here is the annual correlation analysis I conducted for the June 2024.


I usually don't publish this, but some people are interested in learning and those copying this strategy likely want to see how their funds are managed properly.


Anyway, I will rebalance the portfolio in a few hours once I finish my complete work as I prepare monthly reports for myself to review periodically.


in risk mode: Assets that have a higher return than the general market are selected. Then the risks are reduced.



Overview:

The first table presents the correlation between various assets, indicating how closely their price movements are related. High correlation (values close to 1) means the assets tend to move in the same direction, while low correlation (values close to 0) indicates more independent movements.



Key Observations:

Highly Correlated Assets

$SOL and $AVAX : High correlation of 82.58%.

$NEAR and $AVAX : High correlation of 81.20%.

$AR and $FET : High correlation of 87.21%.

,,etc


Low Correlation Assets:

$SOL and $JASMY : Low correlation of 21.68%.

$ICP and $AR : Low correlation of 26.20%.

$FET and $IMX : Low correlation of 50.50%.

,,etc


For diversification, it's beneficial to include assets with low correlations in your portfolio. This helps reduce overall risk.


Diversification Strategy:

Combining SOL and JASMY, ICP and AR, or FET and IMX could provide better risk management due to their low correlation.


Overall Assessment:

The selected assets to offer a good mix, but individual asset fundamentals and market trends should also be considered. 

Diversifying with low-correlation assets is key to minimizing risk.


Therefore, the correlation will also be evaluated at the sector level.


Continue reading the next post :)

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3/3

Detailed Analysis of the Second Correlation Table:


Overview:

The second table shows the correlation between different sectors and market indices. The sectors are:


Blockchain Infrastructure sector: Includes $SOL , $AVAX , $NEAR , $ICP , $FTM , $IMX , $STX , $INJ


Infrastructure Applications sector: Includes $AR , $FET , $JASMY , $AGIX , $RNDR .


Market Indices: TOTAL, TOTAL2, TOTAL3, TOP 10 (TOTAL-OTHERS), OTHERS.



Key Observations:

Correlation with Market Indices:

TOTAL and Blockchain Infrastructure sector: 77.14% correlation.

TOTAL and Infrastructure Applications sector: 92.54% correlation.


Intra-Sector Correlation:

High correlation within the Blockchain Infrastructure sector (above 84%).

Lower correlation within the Infrastructure Applications sector (below 80%).


Sector Analysis:

Blockchain Infrastructure sector: Moderate correlation with market indices suggests some diversification benefit.

Infrastructure Applications sector: High correlation with market indices indicates significant market trend dependency.


Risk Diversification:


Blockchain Infrastructure sector: Moderate correlation with market indices makes it useful for diversification.

However, high intra-sector correlation suggests these assets tend to move together.


Infrastructure Applications sector: High correlation with market indices implies these assets are more susceptible to market trends. However, lower intra-sector correlation provides some intra-sector diversification.


The combination of assets from the Blockchain Infrastructure and Infrastructure Applications sectors can provide a balanced portfolio with a good mix of diversification and market exposure. For example, combining assets like SOL (Blockchain Infrastructure) and AR (Infrastructure Applications) may reduce overall portfolio risk.



This is a small part of what I do behind the scenes.

Good luck!


🔵 Mr Jaradat Portfolio

A systematic strategy based on my mathematical model to determine the optimal position for taking additional risks, which is mainly based on the analysis of the trend, momentum and correlation of the assets in this crypto strategy with market indices.


Exposure in [Risk-on] mode

▪️ Blockchain Infrastructure sector 50%

▪️ Infrastructure applications sector 50%


Exposure in [Risk-off] mode

▪️ Blockchain Infrastructure sector 25%

▪️ Infrastructure applications sector 25%


🔵The Strategist

@MomenJaradat

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4 people like this
TITANIUM BASIC
20 May, 2024

Novice tega tedna


Količina Bitcoin Spot ETF dosegla 7-tedensko višino 🚀

Obseg Bitcoin spot ETF-ov je narasel, prilivi pa so po zaslugi družb Fidelity in GBTC presegli 303 milijone dolarjev.


Odločitev SEC o ETF za ethereum ⏳

Ta teden se pričakuje odločitev SEC o spot ETF Ethereum, kar bi lahko sprožilo volatilnost. Tržne cene predvidevajo zavrnitev, vendar bi lahko nepričakovana odobritev potisnila $ETH nad $4.000.


Zanimanje za altcoine narašča 🔥

Zasebne stranke kažejo ponovno zanimanje za altcoine, kar je posledica šibkejšega dolarja po objavi inflacije.

$AVAX beleži znaten padec


Avalanche (AVAX)👇

Doživel močan padec za 21,37 %, kar kaže na nestabilnost na trgu kriptovalut.


$MATIC se sooča s podobnim padcem ⚖️

Tudi kriptovaluta Polygon ($MATIC) je doživela precejšen padec, saj je izgubila 21,22 % vrednosti. Ti padci odražajo širše tržne trende, ki vplivajo na številne altcoine.


$SOL prevladuje konec tedna ✅

Nasprotno pa se je močno izkazala valuta Solana ($SOL), ki je konec tedna prevladovala z impresivnimi dobički.

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@MomenJaradat
14 Apr, 2024

1/4


These are the buy and hold returns from April 1 to the present. 


I provide this information to help you see the extent of the decline resulting from the black swan event last night and the night before and compare its impact from the opening of the month. 


You can evaluate this discounts in relation to your investment as this is an appropriate opportunity to buy discounts as in Mid of last March.


It is always better to invest in a passive index with objective rules and no survival bias.


You can review the components that my indexes possess periodically and compare your performance with my indexes that objectively organize the cryptocurrency market according to the method of your investment, or use them to form your own strategies or customize your investment and increase your understanding of developments in the crypto market.


I'm a momentum investor, I buy winners and sell losers here.

The winner remains a winner and the loser remains a loser.


But you can benefit from this information according to your strategy if you are buying dips.


Blockchain Infrastructure sector ex-$ETH


$SOL

$ADA

$AVAX

$DOT

$MATIC

$ICP

$NEAR

$APT

$STX

$ATOM

$ARB

$HBAR

$OP

$INJ

$FTM

$TIA

$SUI

$SEI

$ALGO

$FLOW

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2 people like this
TITANIUM BASIC
11 Apr, 2024

Rebalans strategije Titanium Basic ⚖️


V okviru naše strategije aktivnega upravljanja smo zaključili  rebalans portfelja Iconomi Titanium Basic. Menimo, da ima Solana ($SOL) velik dolgoročni potencial, zato smo njeno alokacijo povečali za 10 %.  Osredotočili smo se na uveljavljene tokene z dokazano preteklostjo, zato smo odstranili tokene Jasmy ($JASMY), Celestia ($TIA), Sei Network ($SEI) in Sui ($SUI).

 

Da bi dosegli bolj razpršen portfelj in ohranili želeni profil tveganja, smo posodobili naložbeno strategijo. To vključuje tokene Binance Coin ($BNB), Chainlink ($LINK), Polygon ($MATIC), Avalanche ($AVAX) in Ocean Protocol ($OCEAN) v portfelj, hkrati pa se je zmanjšala alokacija Injective ($INJ).


Verjamemo, da imajo blockchain tokeni svetlo prihodnost, saj so največji, najdlje delujoči in zato predstavljajo ključne projekte na področju decentraliziranih financ. To poudarja namen naše strategije Titanium Basic.

Verjamemo tudi v Chainlink ($LINK), ker ima močne temelje, saj je največji oracle z največ uporabniki, in je projekt z dolgo zgodovino, ki se bo še naprej uspešno razvijal.


Še naprej smo zavezani doseganju dolgoročnega povečanja vrednosti  za naše sledilce, zato bomo še naprej spremljali razmere na trgu in po potrebi prilagajali portfelj.

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Avalanche Price FAQ

What Is the Highest Price of Avalanche in GBP?

Avalanche price UK history shows the highest value of 101.48 GBP . We recorded this price on November 23, 2021, but we cannot exclude that a higher price was registered before February 3, 2021.

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