Guy, the pseudonymous host of Coin Bureau, has offered a realistic year-end price prediction for smart contract platform Avalance (AVAX) amidst a collection of bullish fundamental factors.
In a new video, the crypto influencer tells his 1.31 million YouTube subscribers that an Avalanche Apricot upgrade, which impacts AVAX’s fee structure, could add fuel to a potential AVAX rally.
“Prior to this, Avalanche smart contracts had a fixed fee mechanism. Now the reason why this is so significant is because all AVAX used to pay for transaction fees is burned and a dynamic fee schedule could mean more AVAX going up in flames when the network is seeing a lot of activity.
Network activity is all I can see for Avalanche on the horizon as more dApps [decentralized applications] and DeFi [decentralized finance] protocols make their debuts, and this might just be enough to push AVAX past its previous all-time high.”
The analyst says that the crypto asset now