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

  Key takeaways:

  • Our Avalanche price prediction anticipates a high of $38.52 by the end of 2024.
  • In 2025, it will range between $40.46 and $48.90, with an average price of $41.62.
  • In 2030, it will range between $262.13 and $311.16, with an average price of $269.48.

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$42.72
Market cap$17.48B
Trading volume$2.15B
Circulating supply409.14M
All-time high$146.22 on Nov 21, 2021
All-time low$2.79 on Dec 31, 2020
24-hour high$45.05
24-hour low$37.80

Avalanche price prediction: Technical analysis

MetricValue
Volatility (30-day variation)14.94%
50-day SMA$28.47
200-day SMA$29.56
SentimentBullish
Fear and Greed Index93 (Extreme Greed)
Green days17/30 (57%)

Avalanche price analysis

As of November 23, AVAX’s price has risen by 12.94% in 24 hours and its trading volume has risen by 65.69%.

Avalanche’s market signals

Avalanche TVL and Stablecoin market cap. Image source: DefiLlama
Avalanche TVL and Stablecoin market cap. Image source: DefiLlama

Avalanche’s total value locked (TVL) continually dropped until 2024, from a high of $10.18 billion in 2021, when it started recovering. It now stands at $1.43 billion. TVL is the amount of funds locked up by an ecosystem’s decentralized applications. A rise in TVL suggests that users deposit their assets into the protocol as interest grows.

The protocol’s stablecoin market cap rose over the same period to $1.96 billion at press time. The statistics point to growing user interest in the protocol’s stablecoin market, which provides stability in a highly volatile market.

Avalanche open interest. Image source: Coinglass
Avalanche open interest. Image source: Coinglass

Open interest and active positions in the derivative market have risen alongside the price over the last month. When both rise, they signal that traders with long positions are entering the market. This often occurs in bullish markets, indicating new money entering the market and a potential bullish continuation.

AVAX/USD 1-day chart analysis

AVAX/USD 1-day chart. Image source: TradingView
AVAX/USD 1-day chart. Image source: TradingView

The daily AVAX chart highlights its drop in the third quarter of 2024 after it reached a high of $0.26. At first, the drop was drastic, but began recovering in mid-September, before pumping in the last quarter after breaking out from a head-shoulder pattern.

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The William Alligator trendlines are opening up as AVAX volatility rises. The relative strength index is 73.81 in overbought territory as it continues to rise.

Avalanche technical analysis: Levels and action

Daily simple moving average (SMA)

PeriodValue ($)Action
SMA 333.29BUY
SMA 534.25BUY
SMA 1033.60BUY
SMA 2131.22BUY
SMA 5028.47BUY
SMA 10026.62BUY
SMA 20029.56BUY

Daily exponential moving average  (EMA)

PeriodValue ($)Action
EMA 331.13BUY
EMA 529.90BUY
EMA 1028.79BUY
EMA 2127.92BUY
EMA 5026.78BUY
EMA 10026.91BUY
EMA 20028.43BUY

What to expect from AVAX price analysis next?

The combination of technical indicators and chart analysis suggests that Avalanche is bullish and currently gearing up for a closer move to $45. 

Moreover, the William Alligator trendlines, which measure volatility, are rising, indicating rising volatility.

Is AVAX a good investment?

AVAX’s impressive performance in the first quarter of 2024 reversed in the second quarter; and bullish in the last. Explore Cryptopolitan’s price prediction to learn about the coin’s trajectory from 2024 to 2030.

Why is AVAX up?

AVAX is recovering from its lowest this year; the crypto market capitalization is also rising. The rise in Avax value could be attributed to the general market sentiment. 

Will AVAX reach $50?

According to the Cryptopolitan price prediction, AVAX will cross the $50 mark in 2026. Changelly and Digitalcoinprice platforms share this sentiment.

Will AVAX reach $100?

According to the Cryptopolitan price prediction, AVAX will reach $100 in 2028, with a maximum price of $144.43 for the year.

Will AVAX reach $1,000?

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 Avalanche 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

The Avalanche Foundation, has introduced a Visa cryptocurrency card allowing users to spend cryptocurrency.

See also  Cardano price prediction 2024-2030: Will Cardano reach $1?

AVAX price prediction November 2024

For November, AVAX will trade between $26.80 and $49.42, with an average price of $37.95.

MonthPotential low ($)Potential average ($)Potential high ($)
November26.8037.9549.42

Avalanche price prediction 2024

As the second half of 2024 unfolds, we anticipate it will trade between $20.00 and $49.42, with an average price of $39.50.

YearPotential low ($)Potential average ($)Potential high ($)
202423.4039.5049.42

Avalanche price predictions 2025 – 2030

YearPotential low ($)Potential average ($)Potential high ($)
202540.4641.6248.90
202657.2359.2168.34
202783.2286.1899.57
2028124.60128.91145.04
2029177.25183.69214.78
2030262.13269.48311.16

Avalanche price prediction 2025

The Avalanche price prediction for 2025 is a high of $48.94. It will reach a minimum price of $40.46 and an expected average trading price of $41.62.

Avalanche price prediction 2026

The Avalanche price forecast shows it will range between $57.23 and $68.34, with an average price of $59.31.

AVAX price prediction 2027

Avalanche price prediction climbs even higher into 2027. According to the predictions, it will range between $83.22 and $99.57, with an average price of $86.18.

Avalanche crypto price prediction 2028

Our Avalanche price prediction indicates a further acceleration in the price. It will trade between $124.60 and $145.04 and have an average of $128.91.

Avalanche price prediction 2029

According to the AVAX coin price prediction for 2029, the price of AVAX will range from a minimum price of $177.25 to a maximum price of $214.78. The average price will be $183.69.

Avalanche price prediction 2030

According to the Avalanche price prediction for 2030, AVAX price will range from $262.13 to $311.16, with an average price of $269.48 .

Avalanche price prediction 2024 -2030
Avalanche price prediction 2024 -2030

Avalanche market price prediction: Analysts AVAX price forecast

Firm202420252026
Digitalcoinprice$49.77$58.11$80.16
Changelly$33.76$51.04$56.14
Gate.io$23.49$24.54$30.07

Cryptopolitan’s Avalanche price prediction

Our predictions show that Avalanche will achieve a high level of $38.52 in 2024. In 2025, it will range between $40.46 and $48.90, with an average price of $41.62. In 2030, it will range between $262.13 and $311.16, with an average of $269.48. Note the predictions are not investment advice. Seek independent consultation or do your research.

Avalanche historic price sentiment

Avalanche price history. Image source: Coinstats
Avalanche price history. Image source: Coinstats

  • In July 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. In August, it was at $21, and $27 in September and October.
  • It turned bearish into November falling to $23 mark.

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.

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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.

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