Going to buy Avalanche (AVAX) or Wrapped Bitcoin (WBTC)

Technical analysis report updated on 05/02/2023

Introduction to the history of two cryptocurrencies

Avalanche development history

Avalanche coin (AVAX) was recorded by Coin Market Cap system on July 13, 07.

Currently on the Avalanche coin market, it can be exchanged for 371 other digital currencies.

Avalanche is currently ranked 15th on the cryptocurrency rankings by market cap

Wrapped Bitcoin Development History

Wrapped Bitcoin (WBTC) coin was recorded by Coin Market Cap system on January 30, 01. If compared with Avalanche, this coin was born earlier.

Currently, on the market, Wrapped Bitcoin can be exchanged for 865 other digital currencies (This number is only 2.33% compared to Avalanche).

Wrapped Bitcoin is currently ranked 20th on the cryptocurrency rankings by market cap

Information worth referencing

Information investors should know

Comparison of the recent growth between Avalanche and Wrapped Bitcoin

Growth rate Avalanches (AVAX) Wrapped Bitcoin (WBTC) Distance (AVAX - WBTC)
Within 24 hours -1.67% -0.65% -1.01%
Within 7 days 1.51% 1.92% -0.41%
Within 30 days 80.14% 39.28% 40.87%
Within 60 days 55.91% 38.13% 17.78%
Within 90 days 10.65% 10.12% 0.54%

Analysis by growth

In the recent 3 months period, Avalanche coin has experienced a tremendous growth of 10.65%. As for Wrapped Bitcoin, there has also been a remarkable growth in the last 3 months

Compare total supply value and market capitalization

Avalanches (AVAX) Wrapped Bitcoin (WBTC)
Maximum total supply 720,000,000 --
Circulating supply 315,040,931 176,747
Total supply 420,446,921 176,747

* Note
Total circulating supply: Number of coins circulating in the market and in the hands of the public. It is similar to how stocks move in the stock market.
Maximum total supply: The maximum number of coins that will exist in the lifetime of the cryptocurrency. It is similar to fully diluted shares in the stock market.
Total supply: Number of coins created, minus any burned coins. It is similar to shares outstanding on the stock market.

Summary of reasons to buy Avalanche or Wrapped Bitcoin

Reasons to buy Avalanche

In the long term, which is 90 days, Avalanche has had good growth and in the short term there has been a certain price correction. If you firmly believe this is a potential coin and will be valuable in the long run

Reasons not to buy Avalanche

Reasons to buy Wrapped Bitcoin

Reasons not to buy Wrapped Bitcoin

General note for investors

These are specifications based analysis only

The technical specifications will be suitable for short-term investors, and profit from the investments With large and long-term investments you also need to do fundamental analysis i.e. read and understand more about the technicians, teams, investors behind that particular digital currency.

We do not make investment decisions for you

Automatic parameter analysis articles will help you have a multi-dimensional and easier to understand view than just looking at those with zero numbers.

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