Avax setup looks explosive 🔺🔥
Not sure if the DEX vol is accurate or math is mathing but I did it anyway
Now, before mathematicians come for me, this is a pure speculation:
In the last bull run, nearly ~ $36B in DEX activity pushed AVAX from around $10-$11 to ~$147 ( 1000%+ upside )
Today, DEX volume is ~$241B, nearly 6× higher & avax is trading at ~$29
A fresh $1B raise is set to buy up almost 8% of the total supply, loads of DeFi activity, institutional onboarding, RWAs etc
Even with conservative math, considering the fact that during the run Dex vol will pick up fast, a 30x potential is very likely
targeting ~$900 - $1,000 per AVAX if the market follows through
Now zoom out, would ya?🔺

From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.