While Avalanche (AVAX) Sees a Surge, Investors Turn Their Eyes to a High-Demand Presale
Developers from sectors like asset tokenization, gaming, DeFi, and SocialFi have recently gravitated towards Avalanche (AVAX). This has kept the blockchain ahead of the curve.
While many see Avalanche as a top crypto to buy, others have been pulled in by the high-demand presale of an emerging meme coin. This event will soon head to a fourth round, with one further stage before launching. Learn more about this project shortly as we look at the news for Avalanche.
Mirai Labs are the creators of the horse racing game Pegaxy, which was previously on the Polygon blockchain. They have migrated to Avalanche, bringing their slick SocialFi (social media and decentralized finance) and esports economics.
Mirai Labs has launched a dedicated Mirai Chain on an Avalanche subnet, a side chain that feeds into the main chain. The developers will bring all their offerings to the subnet, like the Pegaxy game, the new SocialFi platform Petopia, Mirai ID, Mirai Pay, and Mirai App.
Avalanche has also trended in the emerging asset tokenization space, with behemoth organizations like Citi and JPMorgan leveraging its technology. Another financial company, Republic, has joined the party to use Avalanche for the Republic Note. The latter is a token representing Republic’s portfolio of over 760 private assets, with profits distributed to holders in stablecoins.
The AVAX is on a bullish rally, up 321% or 4.21x since mid-October 2023 from $8.65 to $36.50. Moreover, estimates suggest Avalanche could be worth $50-150 (or more) in 2024.
Now we turn our attention to the meme coin mentioned before, Rebel Satoshi ($RBLZ), and why it’s the best crypto investment compared to Avalanche.
Rebel Satoshi is a whimsical rebel-themed meme coin inspired by Satoshi
