Famous crypto analyst Brian Jung talked about important details about Avalanche (AVAX) and Sandbox (SAND), which have attracted attention in the crypto money market recently.
AVAX reached as high as $144.9. AVAX, which is among the ten most valuable cryptocurrencies, has exceeded the market value of 31 billion.
Avalanche (AVAX), which doubled its value last month and increased 3000% over last year, is consolidating.
Avalanche's agreement with Deloitte had increased the token price. According to Jung, the costs in the Ethereum network are a huge disappointment. Smart contract platforms such as AVAX and Solana, which are described as Ethereum killers, can therefore continue to rise.
Brian Jung claims that Avalanche is strong enough to compete with Ethereum and other multipurpose networks in the long run.
Connecting this month's price rise to the Alpha event, Brian Jung says that the increasing interest in the metaverse will push the price higher. It should be noted that the event will start on November 29.
The Alpha Pass will allow players to fully explore 18 experiences of Alpha Season content. In addition, players will have the opportunity to win $1,000 worth of SAND and three exclusive NFT prizes.
The agreement between The Sandbox and sports goods giant Adidas also supports the current price volatility. Analysts, who think that the peak has not yet been reached for both altcoins, warns investors. Today, SAND, which carries the ATH point much higher, has reached the $ 8 limit. In the analysis article shared yesterday, we mentioned that a target close to this region may be possible, and we said that the current support will be followed by investors. The 50% increase in the price on a daily basis also confirms the increasing interest in metaverse-oriented startups.