Important statements have been made about Avalanche (AVAX), one of the altcoins closely followed by Turkish investors.
Avalanche founder Emin Gün Sirer stated in his statement that AVAX is similar to Bitcoin (BTC) and listed their similarities.
Emin Gun Sirer drew attention to a critical aspect of Avalanche in his X post, emphasizing its similarity to Bitcoin's 21 million supply.
At this point, the famous CEO pointed out that AVAX has a supply of 715.74 million and said that this aspect is similar to BTC.
Implying that the limited supply feature is the cornerstone of Bitcoin’s value, Sirer argued that it attracts long-term investors and increases confidence in its deflationary nature.
The famous CEO said that this feature is the same in AVAX, and that AVAX's limited supply and deflation mechanism of burning transaction fees make a difference, and compared it to Ethereum (ETH).
Stating that Avalanche is similar to Bitcoin but different from Ethereum in these aspects, Sirer stated that no one understands this similarity and difference.
“Not enough people understand that AVAX has a limited supply like Bitcoin and is similar but different from Ethereum.”
Emin Gün Sirer underlined the similarity of AVAX to Bitcoin and increased speculations about a possible AVAX price increase. At this point, experts said that the current price of AVAX indicates upward momentum. Experts stated that $34.71 is an important support area for AVAX and stated that the AVAX price could reach $64 and $79 in the short term.
Avalanche continues to trade at $38.4 at the time of writing.
*This is not investment advice.
