Cryptocurrency Price Prediction

Avalanche (AVAX ) Price Prediction: Will AVAX Price Claim The $250 Mark In 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Apr 4, 2022

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The Avalanche network has garnered the interest and liking of the masses from the crypto space with its stout fundamentals. And lucrative perks such as lightning-fast transaction speeds, scalability, and much more. To supplement this is its ROI, which presently stands around 18421.56% since its lowest known value.

The stout fundamentals, initiatives, and developments have been an imperative reason behind AVAX being on the bucket list. Are you keen on investing in AVAX? Look no further, as we bring to you price forecast of the cryptocurrency for 2022 and beyond!

Overview

Cryptocurrency.Avalanche.
Token.AVAX.
Price.$71.09.
Market Cap.$6,240,587,191.
Trading Volume.$1,078,580,600
Circulating Supply.173,629,643.63 AVAX.
All-time high.$75.05 on September 9th, 2021.
All-time low.$2.80 December 31st, 2020.

AVAX Price Prediction For 2022

Potential LowAverage PricePotential High
$124.70$146.22$226.78

AVAX price had made its way to 2022, in a corrective move, with a price tag of $115.776. The digital asset was seen taking a plunge below its support level at $95.31, in the first week of the year. After a week-long consolidation, the altcoin took another plunge on the 22nd of January. Which led to its milepost of $52.553.

After a gradual upwards rise, it was on the 10th of February, when AVAX price hit $94.950. After a short pullback to $75.98, by the 14th of February, the asset rose back to $98.669. However, the rise was short-lived, as tensity in the business called for another downswing. That said, the digital currency has been escalating yet again, and has closed its quarterly trade at $102.760.

Avalanche (AVAX) Price Prediction For Q2

 A rise in the buying pressure would help the asset break through its resistance at $114. Which could be the potential high for the month of April. Surpassing the barriers, the asset would inch closer to its ATH of $146.22. Post which the asset could claim its potential high of $152.3

On the flipside, bearish trends could clutch the price down to $115.278. That said, regular buying and selling pressures could land the price at $124.59.

AVAX Price Forecast For Q3

 The second half of 2022, could be a game-changer for AVAX. If the bulls hold on to the upper levels from the previous quarter. Then the digital asset could close its trade with a potential high of $170.1. Whilst bearish trends could drag the price to $119.49, the average price could settle at $136.975.

AVAX’s Price Prediction For Q4

 Avalanche price could end its trade for the year with a potential high of $226.78. Which, however, would materialize after a series of beating around the bush. Whilst lack of bullish impetus and updates would land the price at its current ATH of $146.22. That said, if the bears outpower the bulls, the price of the altcoin could find support at $124.70.

AVAX Price Prediction For 2023

If the currency continues its developments and tie-ups in the coming days, there are chances, that the price may skyrocket to $278.26. On the downside, the case of market collapse and failure of updates may lead to a price drop to $135.28. Considering all the viewpoints the price may reach an average price of $179.29 by the end of 2023. 

AVAX Price Prediction For The Next Five Years

When predicting the price for the long term, it is implicit to analyze its historical footprints. And how it behaves when bears overtake the market. From a historical point of view, compared to the other coins, AVAX has responded well enough to the market fluctuations. So, this super fast and secure platform has the potential to reach $421.35 by the end of the next five years.

If the altcoin falls prey to any regulatory constraints or negative sentiments then the AVAX price may experience a pullback of the price rally to $258.26. If the altcoin manages to pass all the hurdles, the price would end up trading at an average price of $315.98.

YearPotential LowPotential High
2023$135.28$278.26
Next 5 Years$258.26$421.35

What Does The Market Say?

Wallet Investor:

As per the revised prediction of Wallet Investors, AVAX could hit a maximum price of $175.377, by the end of 2022. The firm pins the minimum and average targets for the year at $131.1 and $153.118 respectively. The analysts from Wallet Investor, expect the digital asset to close the trade in 2023 and 2025. At average prices of $228.298 and $379.386 respectively.

Digital Coin Price:

According to DigitalCoinPrice, Avalanche will soar to reach a price close to $129.25 by the end of 2022. The firm expects the digital asset to close its trade-in 2023 and 2025. At regular prices of $135.80 and $189.71.

Gov.Capital:

Gov. capital has changed their prediction for the  Avalanche price. They expect the protocol to hit a maximum of $305.9138, by the end of 2022. On the contrary, they believe, trend reversals in the market would plummet the price to $226.110. And with average buy and sell pressures it would end up trading at $266.012 by the end of 2022. 

The website has also made a whopping prediction in the long term, they expect the price to surge maximum of $1851.3091. The average and minimum probabilities is being $1609.834 and $1368.35 respectively by the end of 2025. 

Long Forecast:

As per the data analysis of Long Forecast, the AVAX price may hit a new all-time high of $213.9 by 2022. They are hopeful that the price may skyrocket to $361.6 by the end of 2023. According to their website, the coin is best suited for long-term investments.

Click here to read our in-depth price forecast of Chainlink!

What is Avalanche?

Avalanche is the emerging smart-contracts platform in the crypto industry and is the fastest as measured by time-to-finality. And has the most validators securing its activity of any proof-of-stake protocol. AVAX platform is booming quick, which gets supplements from the network’s low cost, and eco-friendly traits.

Avalanche has its own native token AVAX. The token is used to pay for fees, and secure the network via staking. And provide a basic unit of account between the multiple subnets created on AVAX.

Fundamental Analysis

The mastermind behind the Avalanche protocol is Carnell researcher Emin Gun Sirer, which was launched in September 2020. The main motive of this launch was to bring secure and fast transactions in the global payments space. Avalanche is a secure platform for launching dApps, financial products, trading, and other services. Any smart contract availed application can rule over its competitors on Avalanche (AVAX).

Avalanche successfully launched its main net on September 21st, 2020. Since then, the asset has seen tremendous growth to accomplish over 100+ projects, $1.6M+ of AVAX burned, and more than 500,000 community members around the world.

Avalanche has its own native token AVAX, that offers enhanced security with the potential of handling trillion transactions per second. This native token operates as a rewards and payment system for customers.

Our Price Prediction

AVAX is one of the young and promising altcoins. We have brought you some interesting predictions for this coin. The altcoin would continue buzzing its milestones with constant upgrades this year.

According to Coinpedia’s formulated AVAX price prediction, it may smash $225 by the end of 2022. On the downside, market fluctuations and uncertain global conditions, even failure of upgrades can be a possible setback for the altcoin. And thereby the AVAX price may struggle to consolidate around $125 by the year-end.

Historic Market Sentiments

2020:

AVAX made its debut in September 2020 with an initial coin offering of $5.40 with a market capitalization of $128,248,483. In the same month after smashing a peak price of $6.97, the price fell around $4. As the platform was not so active during the initial months of its launch, the price failed to reach new highs. The coin lingered at $3 for at least 4 months till the month of December.

2021:

AVAX initiated its rally with a price of $3.0905. As the founders intended to make this coin a big hit, they came up with a series of announcements. At the very beginning of the year they partnered with Reef Finance, this is where the actual bull rally began. And by the mid of January, the price smashed a new all-time high of $13.6. And consolidated at the same price for a few days.

Following the announcement of its partnership with Beefy Finance and Pangolin. The price surged to ATH of $59.40 in the month of February but failed to sustain, and dropped to $25. Avalanche partnered with the graph in the month of April, which resulted in the price surge to $42.59. As a result of the crypto market crash on May 19th, the price plunged back to $15.58. And hovered around the same price till July end.

On August 18th, the platform came up with a $180 million liquidity mining incentive event, amid this rising bullish sentiment. Continuing the uptrend, AVAX price surged to hit a new ATH of $75.05 on September 18th, 2021.

The AVAX price initiated Q4 with a crucial leg up. Traversing in the upward channel, the price jumped by approximately 100% surging from $51.26 to $103.45. The gradual price rise experienced minute fluctuations at $62.9 and $74.82 on its road to $100. However, bulls have managed to close their value above $100 by the year’s end despite the increase in negative sentiments.

To read our price prediction of Polkadot click here!

FAQ

Q: Is AVAX a profitable investment?

A: Yes, AVAX is a profitable investment for the long-term, factoring in the strengths of the network. And the sprawl of the network in terms of utility.

Q: Where can I buy AVAX?

A: AVAX is available for trade across prominent cryptocurrency exchange platforms like Binance, Okex, and Huobi, amongst others.

Q: How high can the price of AVAX reach by the end of 2022?

A: The digital asset could possibly reach its potential high of $226.78 by the end of 2022.

Q: What is the transactional finality of the Avalanche network?

A: The transactional finality of the Avalanche network is <2 seconds.

Q: What could be the average trading value of AVAX by the end of the next 5 years?

A: AVAX price could possibly trade at an average price of $315.98 by the end of the next five years.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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