GrayScale AVAX Trust: a new bullish catalyst for AVAX?

[KryptoBull]

Avalanche is a very well-known blockchain with a vibrant ecosystem during the 2021 uptrend. Development and upgrades continued throughout the 2022-2023 crypto winter, making Avalanche stronger and potentially becoming Layer-0, serving users with a speed of 100k tps ^[1]. However, AVAX price has not been significantly impacted by these updates. The success of spot BTC ETFs has shifted investor attention and capital flows towards BTC during Bitseason.

However, the recent launch of the Grayscale Avalanche Trust has solidified Avalanche's position in the crypto market, setting it up for a strong uptrend in 2025 ^[2].

This event confirms the interest and investment demand of Grayscale customers in AVAX, allowing AVAX to reach a wider range of traditional investors despite its liquidity not being as good as a spot ETF. At the same time, given that BTC Trust and ETH Trust existed for many years before we had spot BTC/ETH ETFs, the AVAX Trust could be the first step towards achieving a spot AVAX ETF in the next season.

For crypto investors, I think the launch of Grayscale AVAX Trust can solidify their faith in the Avalanche ecosystem, driving the demand to experience and invest in this ecosystem, creating an uptrend in AVAX's market price. I will wait for a new ATH of AVAX to confirm that AVAX is not a forgotten, failed token in the market like many other old tokens.

I would like to know your opinion on this issue:

• Do you have AVAX in your portfolio? What is your target for AVAX this season?
• Do you think Grayscale AVAX Trust can drive AVAX price up?
• Do you believe we will have a spot AVAX ETF in this cycle or the next cycle?

Note:

• My opinion has been presented in a topic, on BitcoinTalk forum.
• This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
• This statement is to avoid accusations of plagiarism.

[MrSpasybo]

I would like to know your opinion on this issue:

• Do you have AVAX in your portfolio? What is your target for AVAX this season?
• Do you think Grayscale AVAX Trust can drive AVAX price up?
• Do you believe we will have a spot AVAX ETF in this cycle or the next cycle?

1. I have AVAX in my investment portfolio because AVAX is the native coin of Avalanche - one of the most popular and powerful blockchains in the market. I hope that AVAX can reach $300 in this bullrun.

2. News related to the Grayscale AVAX Trust is positive for Avalanche and AVAX, meaning it will have a supportive impact on AVAX price increase, however, the price increase needs to be created by more factors, including the overall market trend and whale manipulation plans.

3. This cycle has started since the halving but we haven't heard of any plans or proposals for an AVAX Spot ETF. I just hope that this product can be proposed and accepted in the next cycle thanks to the growth and success of AVAX in this cycle.

[KryptoBull]

1. I have AVAX in my investment portfolio because AVAX is the native coin of Avalanche - one of the most popular and powerful blockchains in the market. I hope that AVAX can reach $300 in this bullrun.

2. News related to the Grayscale AVAX Trust is positive for Avalanche and AVAX, meaning it will have a supportive impact on AVAX price increase, however, the price increase needs to be created by more factors, including the overall market trend and whale manipulation plans.

3. This cycle has started since the halving but we haven't heard of any plans or proposals for an AVAX Spot ETF. I just hope that this product can be proposed and accepted in the next cycle thanks to the growth and success of AVAX in this cycle.

For now, we can only hope for AVAX success, and Grayscale AVAX Trust will contribute many positive impacts to the price increase of this token in the uptrend. A spot AVAX ETF is still a distant goal, and it will also have to compete with many other Trust funds from Grayscale to be selected for the spot ETF proposal.

I've also been following Avalanche since 2021 and find it quite attractive in terms of both technology and ecosystem. Unfortunately, AVAX hasn't seen an impressive price recovery like SOL, and it also faces monthly token unlocks, making it difficult for the price to increase to attract more capital from the market.

I wish you success with your investment in AVAX token in this uptrend. If you've been DCA AVAX during the crypto winter, then when AVAX price returns to its previous ATH of around 150 USD, you'll have made a huge profit!

[Report]

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• Do you have AVAX in your portfolio? What is your target for AVAX this season?
• Do you think Grayscale AVAX Trust can drive AVAX price up?
• Do you believe we will have a spot AVAX ETF in this cycle or the next cycle?

• I admit I have never bought Avalanche coins because this coin is not interesting for me to try or invest in because I think Avalanche is not well known in my community, maybe in other communities the story is different.
• It should be able to go up because Avalanche is supported by Grayscale but we all know that the market cannot be fooled, all cryptocurrency price increases depend on the community and the uniqueness of the coin so that the Avalanche market expands and increases.
• If you believe it or not, but at least I convince myself that if a coin is supported by an ETF it will usually go up but that is also not the right benchmark. Always DWYOR when in the cryptocurrency space.

[KryptoBull]

• I admit I have never bought Avalanche coins because this coin is not interesting for me to try or invest in because I think Avalanche is not well known in my community, maybe in other communities the story is different.
• It should be able to go up because Avalanche is supported by Grayscale but we all know that the market cannot be fooled, all cryptocurrency price increases depend on the community and the uniqueness of the coin so that the Avalanche market expands and increases.

[li]If you believe it or not, but at least I convince myself that if a coin is supported by an ETF it will usually go up but that is also not the right benchmark. Always DWYOR when in the cryptocurrency space.
[/li][/list]

Avax performed quite well in 2021 and the AVAX price also increased significantly, reaching 140 USD. Currently, AVAX is also recovering well from 9 USD to 43 USD, I think it also deserves for investors to add to their portfolio this season.

Investing is always aimed at generating profits, not to love or hate a project. If you love Avax and the AVAX token, you can still buy AVAX like GrayScale customers. Opportunities are not for the crowd because the crowd often loses

[Report]

• I admit I have never bought Avalanche coins because this coin is not interesting for me to try or invest in because I think Avalanche is not well known in my community, maybe in other communities the story is different.
• It should be able to go up because Avalanche is supported by Grayscale but we all know that the market cannot be fooled, all cryptocurrency price increases depend on the community and the uniqueness of the coin so that the Avalanche market expands and increases.
• If you believe it or not, but at least I convince myself that if a coin is supported by an ETF it will usually go up but that is also not the right benchmark. Always DWYOR when in the cryptocurrency space.

Avax performed quite well in 2021 and the AVAX price also increased significantly, reaching 140 USD. Currently, AVAX is also recovering well from 9 USD to 43 USD, I think it also deserves for investors to add to their portfolio this season.

Your positive thinking is given a thumbs up, I am sure your insight is also very broad towards Avalanche coins. Btw, when the price was 10 dollars did you buy Avalanche coins?

Investing is always aimed at generating profits, not to love or hate a project. If you love Avax and the AVAX token, you can still buy AVAX like GrayScale customers. Opportunities are not for the crowd because the crowd often loses

No, I don't hate Avalanche, but it's just that Avalanche is not very familiar in my community, so I'm still hesitant to invest in Avalanche coins.
Currently, how much is in your portfolio for Avalanche coins? If from your total capital, what percentage of Avalanche do you hold?[/list]

[KryptoBull]

Your positive thinking is given a thumbs up, I am sure your insight is also very broad towards Avalanche coins. Btw, when the price was 10 dollars did you buy Avalanche coins?

No, I don't hate Avalanche, but it's just that Avalanche is not very familiar in my community, so I'm still hesitant to invest in Avalanche coins.
Currently, how much is in your portfolio for Avalanche coins? If from your total capital, what percentage of Avalanche do you hold?[/list]

I only follow general news and am interested in a few top coins in the market. My financial capacity is limited, so I can't invest in every token. I also have a bit of AVAX because Avax is a pretty famous blockchain, and I don't want to miss out on the opportunity of its future price increase.

Everyone has their own investment criteria, you can invest in other tokens and get bigger profits, for example, when investing in SUI, SOL or PEPE

[Bobcrypto]

I would like to know your opinion on this issue:

• Do you have AVAX in your portfolio? What is your target for AVAX this season?
• Do you think Grayscale AVAX Trust can drive AVAX price up?
• Do you believe we will have a spot AVAX ETF in this cycle or the next cycle?

1. I have AVAX in my investment portfolio because AVAX is the native coin of Avalanche - one of the most popular and powerful blockchains in the market. I hope that AVAX can reach $300 in this bullrun.

2. News related to the Grayscale AVAX Trust is positive for Avalanche and AVAX, meaning it will have a supportive impact on AVAX price increase, however, the price increase needs to be created by more factors, including the overall market trend and whale manipulation plans.

3. This cycle has started since the halving but we haven't heard of any plans or proposals for an AVAX Spot ETF. I just hope that this product can be proposed and accepted in the next cycle thanks to the growth and success of AVAX in this cycle.

I have been trading Avax for a very long time, even at the last bull run in 2021, Avax couldn't go beyond $145, and during the ongoing Bitcoin bullish trends, Avax was unable to perform along with the Bitcoin trends. While most notable altcoins where able to move with the bitc trends, like BNB, Sol, ADA etc, were able to hit a new All Time High, unfortunately, Avax is still behind and could not hit a reasonable hight.

I stand in doubt of Avax to create new records on the future bull run, i expected team to carry out some upgrades to boost new demands that may enhance it potentials for the next bull run.

[KryptoBull]

I have been trading Avax for a very long time, even at the last bull run in 2021, Avax couldn't go beyond $145, and during the ongoing Bitcoin bullish trends, Avax was unable to perform along with the Bitcoin trends. While most notable altcoins where able to move with the bitc trends, like BNB, Sol, ADA etc, were able to hit a new All Time High, unfortunately, Avax is still behind and could not hit a reasonable hight.

I stand in doubt of Avax to create new records on the future bull run, i expected team to carry out some upgrades to boost new demands that may enhance it potentials for the next bull run.

Compared to SOL, AVAX has not actually achieved a comparable price performance, but since the bottom of the 2022 crypto winter at around 9 USD, AVAX price has tripled, generating a 200% profit for investors. Compared to many other tokens in the market, AVAX has still recovered instead of being forgotten and continuing to make new lows while BTC is still unable to return to the price range above 100K USD.

Avax has had many major updates in 2024 but most have not been noticed by the community, even though Avax has been able to operate at a speed of 100k tps. I think the whales don't want investors attention focused on AVAX, they want to continue accumulating more AVAX during this boring period.