The max supply of AVAX is @ 720 million tokens. The max supply of million is only at 1 million and almost fully diluted from @MM-Matt and @dolphin analysis.
Further the current circulating supply of AVAX is at 245,277,803.95. That means that only 1/3 of the tokens are out there. Fully diluted at 720 million would cut the current price of AVAX down from $80.00 to $25.00.
So the question you pose is excellent. However, the important thing to consider is how long will it take for AVAX to leash those other tokens into the market. It could be tomorrow or 10 years. 🤷♂️
With that said, you should check out Defi Pro. They have an engaging discord community where you can ask these types of questions as well. It is definitely important to know these types of questions before investing in cryptos. Cheers. https://metafora.app/defi.php
DeFi Pro - Decentralized Finance Online Course - Metafora
DeFi Pro is an online course & crypto community. Learn the art of decentralized finance and how to earn passive income with cryptocurrency. Join a fun and educational online community, led by the ex-Google / ex-Meta TechLead.
@TL another good example of why we need to be able to block content from some accounts. We have a very boring fudder crying all day long because his delicate feelings got hurt.
#MillionToken$MM metrics. The number of total transactions on Polygon-Matic remains pretty strong. Defi Pro Discord channel is growing and has reached 1.3k members. Metafora is just a little under 1000 users to date (@dolphin).
You guys think it's worth it to move MM from Polygon to Ethereum in order to stake it?
Gas is about $65 right now, and I'm gonna send 0.1 MM as a test. It'll be about $130-$140 to transfer all MM to Ethereum. It'll take maybe 3-4 months for me to make up the fees paid by staking (assuming APY stays around 18-19%, fingers crossed and MM doesn't tank).
I put the MM price chart through the machine learning ensemble algorithm at work (don't tell the boss!), this is what it chucked out. Not sure whether to laugh or cry. 😂
@Tim_MM_Hodler will be setting limit orders at $6.5 and $7 no bloody doubt.
@Web3BabySteps it's not TA...its better 🤖
@JamesHuckle I have bought a few but would be buying more if I could see a little more progress/communication. But then I guess everyone would be buying!
@CryptoGeezer There were too many clues from yesterday's video even towards the end when he discussed the exponential curve of adoption of web 3 technologies. And if TL thinks Bitcoin can reach $150k, we might possibly see a MM-Bitcoin network bridge. And If TL thinks Web3 is going to be big, then possibly more work and attention coming to Metafora.app. However, I think your stance is 100% right. I'd play it by month. Never go all in. Cherry-pick here and there. DCA. That's what I do. Swap rewards for more MM. Today just fell on that date. Not financial advice.
