I've set my $MM limit orders in on Polygon. some really low ball offers so i don't think they will get filled anytime soon this time around but you never know.
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
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