Why Rahul Rai Plans to Bet on Avalanche’s Success in Crypto Space

Cryptocurrency News

There is no denying that cryptocurrencies are becoming more and more mainstream by the day. What’s more, a large number of applications based on blockchains are coming to the forefront almost every single day. Therefore, it would be fair to say that competition is getting heated by the day, especially between the various networks that will be hosting activities like these.

While almost every network has something different to offer, Ethereum is quite different. When bitcoin came to the forefront of the crypto space, nobody thought it would become as big as it has. One of the main reasons behind it is that people had rarely seen what cryptocurrencies were like and what they could do. Because of this, once bitcoin became profitable, people only invested in it.

However, after some time, it was noticed that there are several other cryptocurrencies coming to the forefront as well. While this was no doubt exciting news for the world of crypto, but bitcoin would still reign supreme for the years to come. One of the main reasons behind that its volatility was quite good and a large number of traders had made investments in it.

However, the closest crypto that has come to topple bitcoin happens to be Ethereum. Ethereum is quite similar to bitcoin in the regard that it is profitable and its volatility is desirable as well. Experts in the crypto space firmly believe that there will come a day when Ethereum will be reigning supreme. One of the main reasons is that a larger amount of investors have been putting their money in ethereum for big profits.

In some cases, the profits were incredibly high. However, there were some cases where they were low. That said, investors don’t necessarily have to suffer if they do not take their profits out so quickly. Instead, it would be better if these investors waited for the right moment. That is more or less what Rahul Rai did in order to become a renowned millionaire in the world of crypto. He later founded a cryptocurrency hedge fund by the name of Gamma Point capital.

Gamma point has been operational for almost 5 years and has experienced tremendous success during that time. It would even be fair to say that Gamma point has been growing great, which shows that the company has an excellent trajectory. In recent pieces of news, it was revealed that Rahul Rai intends to give his complete backing to Avalanche because this ecosystem for crypto has quite a lot of potential. It has made excellent strides in the last few users and the number of investors has increased tenfold.

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