https://ift.tt/sDgukUR Rival, AVAX Price Analysis | CryptoGazette

The optimistic price predictions continue to pour into the crypto space, and the latest one involves an Ethereum rival, AVAX. Check out the predicitons below.

It’s been revealed that a popular crypto analyst is explaining why a popular layer-1 smart contract platform’s rise against the top two cryptos could trigger even more gains in the future.

AVAX against BTC and ETH

Benjamin Cowen recently explained that Avalanche (AVAX) has been moving higher in comparison to Ethereum (ETH) for several months.

Cowen also says the “worst-case scenario” for AVAX might be that it could oscillate in value over time.

“There is a chance that it increases against ETH. It’s been steadily increasing for quite a while now if you go back to October of 2021, it’s been slowly moving higher.”

He also stated this:

“I think the key thing we’ve got to look for is, are we going to get a break out here [approximately 0.029 ETH]? Because if AVAX breaks out against Ethereum and starts heading [towards 0.06 ETH], that makes it even more compelling…”

The analyst explained that it makes it even more compelling than it already is because “you’re talking about a cryptocurrency that’s outperforming Ether, [while] Ether is outperforming Bitcoin. That’s the best thing.”

Cowen also made sure to point out the fact that it’s important to note how AVAX is staking up against BTC and ETH, and he said that this is where the real test comes in.

The crypto market is making efforts to recover following the recent price losses that have been seen after the corrections in the market.

Despite the massive volatility that we can see in the crypto market, there are more and more optimistic predicitons that are popping up these days about the prices of the most important coins and altcoins as well.

Stay tuned for more news, and make sure to keep an eye on the market.