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$AVAIL now at $1.4B FDV after going down to $830M on Monday's crash. ​ It's up >67% since bottom, and I'm still holding my bags. 💎 🙌 ​ Why? ​ I believe that $AVAIL is significantly undervalued in the mid-long term. ​ Let me explain why! 📈👇 ​ @AvailProject recently launched Avail DA mainnet. ​ That's basically @CelestiaOrg but with full nodes ensuring block validity through ZK proofs rather than a fraud proving mechanism (and built on Substrate rather than Cosmos SDK). ​ That reduces latency, and as some might argue, increases security. ​ Like Celestia, Avail DA is powered by light nodes that perform data availability sampling. ​ A powerful feature of this novel design is that @AvailProject can scale the block size that can be securely sampled by the light nodes with an increasing number of light nodes in the system. ​ As long as there is at least one honest full node, the light nodes can operate under almost the same security guarantees. ​ It also means that the network scales linearly with participation in terms of max data throughput. ​ Since light node operation comes with very low hardware requirements and is generally possible from any device, the barriers of entry are very low, which also promotes network decentralization. ​ Why does all of this matter? ​ Avail DA, just like @CelestiaOrg, has one core focus, and that is providing abundant and cheap block space to rollups to publish their data to. ​ Doing so at scale and while maintaining decentralization & security, is a problem these modular DA layers solve. ​ But enough about DA. ​ @AvailProject has a much broader vision. 🔮 👇 ​ With the proof aggregation layer Nexus and the shared security (a.k.a. restaking) layer Fusion, @AvailProject is building a cohesive infrastructure base for a cohesive and unified ecosystem of app- and vertical specific blockchains. ​ Beyond scalable DA, @AvailProject is setting out to "unify Web3", solving interoperability and cross-rollup composability, while maintaining decentralization and security. Don't get me wrong though. I'm not saying Avail is better than Celestia and I'm also not saying that it's very surprising that $AVAIL stands where it currently does compared to Celestia (especially considering market conditions). ​ Celestia and its ecosystem are much more developed already. It also enjoys the first-mover advantage and definitely has more mindshare than @AvailProject currently does. ​ But I'm bullish @CelestiaOrg and I also think that $TIA has brighter times ahead with the ecosystem maturing and $TIA use cases across Celestia-based execution layers emerging (hope the nov 2nd unlock doesn't mess it up tho). ​ The "stake for airdrop" narrative from earlier this year could still be powerful, especially once the airdrops actually come in, which I expect to happen in the coming months. ​ However, I can see a similar narrative emerge for $AVAIL too. ​ As more of the infra pieces to complete the vision of a unified Web3 are released too, I think the $AVAIL valuation is set for an upward correction in the next few months (given markets don't die first). ​ If there are airdrops along the way, even better. 🪂 ​ With the recent market crash, launch timing for $AVAIL was unfortunate in retrospective. ​ But as outlined initially, I believe that this could be an opportunity. $TIA has seen $20B FDV before. Will it go back there? ​ I don't know. ​ But I'm pretty sure that $TIA at 5x the valuation of $AVAIL is probably a ratio that is too high in the long-term and with a very bullish case for both of them this cycle imo, it's worth doing your research. ​ Also interesting: ​ Look at the supply charts for $AVAIL and $TIA. ​ They look very similar. ​ ☞ $AVAIL: ☞ $TIA: However, the timeline is different. ​ @CelestiaOrg has huge unlocks (>85% of supply cliff unlock) comping up and from Nov 2nd, there will be millions in daily vested investor tokens. ​ More on this here: teapawt.net/zerokn0wledge_/status/… ​ $AVAIL on the other hand still has a year without unlocks on investor or core team side ahead. ​ That means less sell pressure and ample time to build out an ecosystem during the bull. ​ As we approach the major $TIA unlocks, I could see a rotation from $TIA to the currently undervalued $AVAIL. ​ In any case, $AVAIL is definitely one of my main bets this cycle. My post-airdrop $AVAIL strategy: teapawt.net/zerokn0wledge_/status/… ​ ⚠️ NFA tho sers, DYOR! ​ What's your take anon? 👀 ​ Do you hold $AVAIL?