AVAX is the native cryptocurrency of the Avalanche blockchain.
Avalanche is a project similar in some ways to Terra/Luna and was born as a kind of competitor to Ethereum.
The blockchain was born in 2020, although the development of its basic principles began in 2018.
The distinguishing feature of the Avalanche network are the so-called subnets, which are independent subnetworks with their own autonomous logic, but leaning on the original security of the parent network.
AVAX, Avalanche’s native blockchain cryptocurrency
Avalanche’s native cryptocurrency, AVAX, only made its debut in the crypto markets in September 2020, and a price that was initially around $5.
Until early January 2021, its price lateralized between $3 and $4, but when the latest big bull run began for altcoins, its price soared.
2021 was a very striking year for AVAX, so much so that already by the end of January its market value had risen to $12.
It had its first resounding peak in February, when it t
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