Replies to post #12 on Avalanche Ecosystem Tokens

[xZx]

yes, AVAX-based tokens have combined leverage. many people don't understand how this works --

if you buy these tokens with the underlying asset pair, you get exposure to that volatility. with AVAX at $20 now, i see more long term upside than downside.

let's say AVAX recovers to $120 in a new bull market, all your AVAX-based token pairs will get an automatic 6X.

then add to that whatever the token price does, if it's a 20X, the combined leverage is 120X.

this is why i'd like to see some of our BNB-based tokens relaunch on AVAX chain.

here's an example, let's say Snowball, symbol SNOB, goes back to .08. that's a 52X. but if AVAX also does a 6X back to $120 during that time, the total gain is 312X.

https://coinmarketcap.com/currencies/snowball-finance/

https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982

[xZx]

i never by these AVAX-based tokens with a stablecoin like USDT, etc. to me that defeats the purpose.

i buy with AVAX, because then the token pair trades with AVAX, not USD.

you'll see the difference in these two charts --

first is PNG/USDT. see how much less volatile it is?

https://www.tradingview.com/x/w9b0vdv7/

then here's PNG/AVAX:

https://www.tradingview.com/x/e5vdjV4Z/

and another view of it, more zoomed in:

https://www.tradingview.com/x/mLDPqXr2/

then look at the difference in my list view:



insane leverage -- but also volatility -- with the AVAX pair!! :-D