Loading...

Avalanche price prediction 2024-2030: Time to buy AVAX?

Key takeaways:

  • Our Avalanche price prediction anticipates a high of $34.38 by the end of 2024.
  • In 2025, it will range between $42.66 and $52.85, with an average price of $44.21.
  • In 2030, it will range between $284.86 and $335.76, with an average price of $294.81.

AVAX exhibited wild price swings in 2024. This record came as the crypto market valuation peaked this year. It later reversed, shedding all profits made earlier in the year.

While the Avalanche ecosystem has been making strides, AVAX has particularly left investors questioning its trajectory. Will AVAX go up? Is AVAX a good investment? Let’s explore these and more in our Cryptopolitan price prediction from 2024 to 2030.

Overview

CryptocurrencyAvalanche
TickerAVAX
Current price$27.74
Market cap$10,949,107,554
Trading volume$420,022,430
Circulating supply394,689,261
All-time low$2.79 on Dec 31, 2020
All-time high$146.22 on Nov 21, 2021
24-hour low$27.83
24-hour high$29.21

Avalanche price prediction: Technical analysis

MetricValue
Volatility (30-day variation)4.90%
50-day variation$29.72
200-day variation$37.94
SentimentNeutral
Fear and greed index69 (Greed)
Green days 14/30 (47%)

Avalanche price analysis: AVAX moves into consolidation

Key takeaways:

  • AVAX is down over 50% over the annual high.
  • Its volatility is low in shorter time frames.

AVAX price analysis for July 17, 2024.

AVAX/USD 1-day chart: AVAX faces a potential challenge at the $29.47 resistance level

Looking back at Q2 2024, AVAX was in a constant bear run; over the period, it dropped by 50%. 

Q1 was bullish as the optimistic crypto market led to the Bitcoin ETFspot listings. This month, it consolidates, as shown by the converging William Alligator trendlines. The relative strength index is well in neutral territory and indicates a potential challenge at the $29.47 resistance level. 

AVAX/USD 4-hour chart:      

AVAX volatility is slowing in the shorter time frame. It had dipped into oversold territory and then reversed to the previous high. AVAX is now consolidating like the daily chart, meaning it is range-bound. Market participants are now closely watching to see the direction in which it breaks out. 

AVAX technical analysis: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 326.51BUY
SMA 525.70BUY
SMA 1026.26BUY
SMA 2127.25BUY
SMA 5029.72SELL
SMA 10033.64SELL
SMA 20037.94SELL

Daily exponential moving average (EMA)

PeriodValue ($)Action
EMA 326.70BUY
EMA 526.65BUY
EMA 1026.89BUY
EMA 2128.45SELL
EMA 5031.83SELL
EMA 10034.68SELL
EMA 20034.20SELL

Is AVAX a good investment?

AVAX’s impressive performance in the first quarter of 2024 reversed in the second quarter; looking ahead, it will rise from the current lows to new highs. Explore Cryptopolitan’s price prediction to learn about the coin’s trajectory from 2024 to 2030.

What can we expect from AVAX price analysis next?

AVAX price analysis shows the market has been neutral as it trades sideways. The coin recently registered an annual low and is currently indecisive. Extended periods result in extended breakouts. The market sentiment, however, remains bearish; explore our Cryptopolitan price prediction predictions.

Why is AVAX down?

AVAX is trading at its lowest this year, the crypto market capitalization is also at its lowest. The drop in Aptos value could be attributed to the general market sentiment. 

Will AVAX recover?

The Avalanche blockchain registered high activity in the first half of 2024, with its TVL reaching $710 million. Total unique addresses also rose 92% compared to the same period last year, and trading volume was up 92%. These factors suggest a recovery when market sentiment changes. 

Will AVAX reach $50?

According to the Cryptopolitan price prediction, AVAX will cross the $50 mark in 2025. Changelly and Digitalcoinprice platforms share this sentiment.

Will AVAX reach $100?

According to the Cryptopolitan price prediction, AVAX will reach $100 in 2027, ranging between $93 and $109.81 for the year.

Will AVAX reach $1000?

It remains highly unlikely that AVAX will cross the $1,000 mark before 2030. At that market capitalization, it could be more valuable than Ethereum.

Does AVAX have a good long-term future?

According to Cryptopolitan price predictions, AVAX will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory.

Recent news/ opinions

Coin98 Analytics tweeted about AVAX’s performance in the second quarter of 2024. Here are some statistics:

  • Fees and revenue reached $3.5 million, and trading volume was up 165% compared to the same period last year.
  • Total unique addresses reached over 21 million, a 92% rise from 2023.
  • By the end of Q2, 2024, TVL was $710 million.

AVAX price prediction July 2024

For July, AVAX will trade between $23.51 and $27.90, with an average price of $25.90.

MonthPotential low ($)Potential average ($)Potential high ($)
July23.5125.9027.90

AVAX price prediction 2024

As the second half of 2024 unfolds, we anticipate it will trade between $23.51 and $34.38. The average price will be $31.03.

YearPotential low ($)Potential average ($)Potential high ($)
202423.5131.0334.38

AVAX price prediction 2025-2030

YearPotential low ($)Potential average ($)Potential high ($)
202542.6644.2152.85
202663.2865.4974.56
202793.3198.93109.81
2028133.33138.28166.80
2029192.08198.99229.61
2030284.86294.81335.76

Avalanche price prediction 2025

The Avalanche price prediction for 2025 is a high of $52.85. It will reach a minimum price of $42.66 and an average price of $44.21.

Avalanche price prediction 2026

The Avalanche price forecast shows it will range between $63.28 and $74.56, with an average price of $65.49.

Avalanche price prediction 2027

Avalanche price prediction climbs even higher into 2027. According to the prediction, AVAX will range between $96.31 and $109.81, with an average price of $98.93.

Avalanche AVAX price prediction 2028

Our Avalanche price prediction indicates a further acceleration in Avalanche price. It will trade between $133.33 and $166.80 and average at $138.28.

Avalanche price prediction 2029

According to the AVAX coin price prediction for 2029, the price of AVAX will trade between minimum and maximum prices of $192.08 and $229.61, with an average price of $198.99.

Avalanche price prediction 2030

According to the Avalanche price prediction for 2030, AVAX price will range between $284.86 and $335.76, with an expected average price of $294.81.

AVAX price prediction 2024-2030

Avalanche market prediction: Analysts AVAX price forecast

Firm202420252026
Digitalcoinprice$53.94$62.97$86.88
Changelly$52.31$44.21$65.48
Gate.io$25.39$28.31$31.99

Cryptopolitan’s AVAX price prediction

Our predictions show that Avalanche will achieve a high level of $34.38 in the second half of 2024. In 2025, it will range between $42.66 and $52.85, with an average price of $44.21. In 2030, it will range between $284.86 and $335.76, with an average of $294.81. Note the predictions are not investment advice. Seek independent consultation or do your own research.

Avalanche historic price sentiment

  • In Jul 2020, Avalanche completed its public sale, raising $42 million in less than $4.5 hours. The tokens were distributed after the mainnet launch in September. 
  • On Dec 31, 2020, it fell to an all-time low of $2.788.
  • In September 2021, the Ava Labs Foundation received a $230 million investment from Polychain and Three Arrows Capital Group by purchasing the AVAX cryptocurrency.
  • In November 2021, following an agreement with Deloitte to improve US disaster relief funding, AVAX moved to the top 10 cryptocurrencies by market capitalization. At that time, AVAX moved to its all-time high at $146.22.
  • In Aug 2022, whistleblower ‘crypto leaks’ published a report accusing Ava labs of secret deals with a law firm to destabilize its competitors. Ava Labs CEO Emin Gün Sirer denied any dirty deal with Roche Freedmen law firm.
  • In 2023, AVAX maintained a bullish trend between January and May, after which bears overwhelmed the market. It resumed the positive momentum in October, rising to $49.96
  • In 2024, it crossed the $60 mark in March.
  • The rise coincided with a record high in AVAX inscriptions, with over 100 million ASC-20 minted since their introduction in June 2023.
  • The uptrend reversed in April 2024; by July, it had fallen to $24.40.
Avalanche price history. Image source: CoinStats

FAQs

Is AVAX an excellent coin to buy?

Avalanche (AVAX) is in the top 30 by market cap with a bullish performance. The coin is expected to make significant gains in the long term, making it a good investment.

Is Avalanche better than ethereum?

Avalanche claims a faster transaction processing time—4,500 transactions per second versus Ethereum's limit of 15. 61. The parallel nature of Avalanche's consensus protocol is what enables the Avalanche network to validate transactions significantly faster than Ethereum.

What can I do with my AVAX?

AVAX, the native token of the Avalanche platform, is used to power transactions in its ecosystem. AVAX serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees.

Will AVAX reach $500?

Yes, AVAX will reach the $500 mark in 2030.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

huobi token
Cryptopolitan
Subscribe to CryptoPolitan