The founder's comparison highlights the limited supply and fee burning mechanism of AVAX, similar to the scarcity model of BTC. Analysts believe that the AVAX coin price will maintain strong market attention in the next few days and has significant rise potential. The technical indicator shows a pump trend with potential targets.

Avalanche founder emphasized the supply restriction similar to BTC!
AVA Labs CEO and founder, Emin Gun Sirer, emphasized a key aspect of Avalanche on December 25th. Similar to Bitcoin's fixed limit of 21 million, there is a limited supply. Unlike Ethereum, which has an unlimited maximum supply, with over 120 million coins currently in circulation, Avalanche token's total supply is limited to 715.74 million. This scarcity, combined with Avalanche's mechanism of burning all transaction fees, has sparked discussions about the potential impact on AVAX price pump.

Sirer stated that the limited supply of BTC attracts long-term investors. In addition, he explained that trust in its deflationary nature makes it a cornerstone of value. Avalanche also adopts a similar model. Therefore, Avalanche is committed to positioning itself as a scarce digital asset. The deflationary mechanism may increase interest in tokens with limited supply. Compared to BTC, Avalanche positions its token as a unique participant in the crypto market. Furthermore, it provides a robust ecosystem and has scarcity. These characteristics may make Avalanche attractive to investors seeking long-term value.
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According to the latest data, AVAX Coin has dropped by 2% to $40,973. The 24-hour low and high prices are $37.10 and $40.73 respectively. The token has a market cap of $4.53 billion and a trading volume of $16.5 billion. Despite the recent decline, the market cap and ranking demonstrate its resilience and sustained investor interest. Analysts suggest that the current price trend indicates a potential rise in the future of cryptocurrency. Experts emphasize the importance of $34.71 as a significant support area and share strong forecasts about cryptocurrency. According to Rose, the price of AVAX Coin may reach short-term levels of $64.04 or $79.77 in the future.

Avalanche has just launched the Avalanche9000 upgrade. This is aimed at improving scalability and making launching subnets more affordable. By increasing network activity, the upgrade may raise the price of AVAX coins in the future.
Not investment advice.