Core Insights - Anthony Scaramucci, strategic advisor of AgriFORCE Growing Systems Ltd., expressed optimism about Avalanche (AVAX), referring to it as the "Swiss army knife" among Layer-1 networks [1][3] - Scaramucci highlighted a significant investment in Avalanche due to its tokenization potential, noting that many corporate CTOs are adopting it for tokenizing funds and assets [2] - The Avalanche network is experiencing growing interest, with Scaramucci stating that its "moment is coming" and considering AVAX a high-quality asset in his cryptocurrency portfolio [4] Company Insights - AgriFORCE shares experienced a decline of 7.08% in after-hours trading, following a substantial increase of 134.44% to $5.650 during regular trading [6] - The stock is currently lagging in Momentum and Growth parameters compared to leading cryptocurrency treasury firms [6] Industry Insights - Avalanche, launched in 2020, aims to provide scalable and secure infrastructure for decentralized applications and smart contracts [5] - BlackRock's tokenized fund has expanded its use to the Avalanche blockchain, indicating institutional interest in the network [5] - As of the latest data, AVAX was trading at $33.29, reflecting a 4.78% increase and a 27% surge over the past month [5]
Anthony Scaramucci Calls Avalanche The 'Swiss Army Knife' Of Layer-1 Blockchains, Made A 'Big Bet' On Ethereum Killer Because Of This Reason