Upcoming summit could push AVAX through $100 soon

• AVAX is in restoration because the crypto market bounces again. 

• Avalanche has a serious summit arising in March that might assist drive the value previous $100.

• Avalanche is at present buying and selling at a serious resistance degree.

Avalanche (AVAX) has been probably the greatest performing cryptocurrencies previously week. Whereas the broader market is in a pointy bullish reversal after a selloff earlier within the week, Avalanche is amongst these displaying probably the most promise.

Avalanche has emerged as one of many platform blockchains finest positioned to present Ethereum a run for its cash. That’s as a result of it has among the lowest transaction charges within the platform blockchain house and is very scalable. Avalanche has the potential to deal with as much as 4500 transactions per second.

Avalanche has additionally confirmed to be fairly resilient, and to this point has not skilled any community hacks that might destabilize it. Such efficiency capabilities and a great fame make AVAX a probably good cryptocurrency to purchase in 2022.

The upcoming summit in Spain may uplift AVAX

Whereas the broader crypto market is doing effectively for the time being, Avalanche has inner components that might see it outperform the market within the coming month. One in all these components is the upcoming summit that might be held in Spain between March twenty second and March twenty seventh, 2022.

The summit goals to carry collectively among the most influential folks in crypto and can focus on among the hottest crypto subjects right now, together with Internet 3.0. A number of the key audio system that may make a speech on the summit embrace Emin Gun Sirer, the founding father of Ava Labs, Harold Bosse, the Vice President of Innovation at MasterCard, Sergey Nazarov of Chainlink, and Monica Tather an El Salvador authorities official amongst many others. 

The anticipation of the bulletins that might come out of this summit may assist propel Avalanche (AVAX), particularly if the broader market stays bullish in March.

Must you purchase Avalanche?

Supply: TradingView

Avalanche has been on an uptrend for the final 48-hours. Nevertheless, it appears to have hit sturdy resistance at $80.17 on the 61.8% Fibonacci.

If Avalanche breaks the $80.17 resistance, then costs above $100 could possibly be examined forward of the summit in Spain.

Nevertheless, if it fails, particularly resulting from draw back strain from the broader market, then costs under $70 could possibly be retested within the brief time period.