The Potential for Avalanche (AVAX) to Surge According to Coin Bureau’s Guy Turner
Guy Turner, the host of the popular Coin Bureau YouTube channel, is optimistic about one of Ethereum’s main competitors, Avalanche (AVAX). In a recent video, Turner highlights the tokenization of real-world assets as a significant factor that will drive the next bull market. With Avalanche’s mission to tokenize all real-world assets, Turner believes that AVAX could experience a surge of up to 600% from its current level.
Turner also mentions Avalanche’s focus on GameFi (game finance), which combines decentralized finance and online gaming to allow participants to earn value from their activities. He suggests that when the crypto market reaches peak FOMO (fear of missing out), AVAX could potentially see a massive rally.
Currently trading at $40.05, AVAX has already gained approximately 350% from its October 2023 lows. In the short term, Turner predicts that Avalanche could increase by around 74% from its current level. However, he cautions that selling pressure may arise soon due to Terra’s Luna Foundation Guard holding nearly $80 million worth of AVAX, which could potentially be liquidated following Terra’s bankruptcy filing in the United States.
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