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

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


Key takeaways:

  • Our Avalanche price prediction anticipates a high of $30.54 by the end of 2024.
  • In 2025, it will range between $37.73 and $46.60, with an average price of $39.11.
  • In 2030, it will range between $244.11 and $310.02, with an average price of $253.26.

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

Cryptocurrency Avalanche
Ticker AVAX
Current price $27.11
Market cap $11 billion
Trading volume $204 million
Circulating supply 405,993,139
All-time high $146.22 on Nov 21 2021
All-time low $2.79 on Dec 31, 2020
24-hour high $27.95
4-hout low $26.69

Avalanche price prediction: Technical analysis

Metric Value
Volatility (30-day variation) 7.63%
50-day SMA $23.21
200-day SMA $32.84
Sentiment Neutral
Fear and Greed Index 52 (Neutral)
Green days 17/30 (57%)

Avalanche price analysis: AVAX breaks above descending parallel channel

AVAX price analysis on 22 September:

Messari’s quarterly report on Avalanche revealed several key growth metrics. The number of AVAX staked grew by 6% from the previous quarter. The blockchain’s Total Value Locked grew 11% over the same period, mainly due to the launch of Clearpool, a new credit protocol on Avalanche.

Stablecoins grew by 13%, reaching $1.7 billion, of which USDT accounted for 64% of the entire value.

As of the time of writing (September 22), AVAX’s price dropped by 4.02%  over the past 24 hours, trading at approximately $23.47. The cryptocurrency has a market capitalization of $9.52 billion and a trading volume of $257 million, which has risen by 45%.

AVAX TVL and Stablecoin market capitalization. 

Avalanche’s total value locked (TVL) has gradually risen this quarter. 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 rises.

The protocol’s stablecoin market has also risen over the same period, from a low of $893 million in January to $2.22 billion at press time. The statistics point to growing user interest in this market, which provides stability in a highly volatile market.

AVAX/USD chart price analysis

AVAX/USD price chart. Image source: TradingView

Avalanche and closed above the descending channel pattern on Sept.19, indicating a potential trend change.

The coin now faces resistance at $29.

If the price starts dripping from the current level, it could find support at the 100-day SMA ($25.30), suggesting that the bulls are trying to take control. 

Similarly, if the price turns down and breaks below the moving averages, it will suggest that the pair may fall back to the descending parallel channel.

Avalanche technical analysis: Levels and action

Daily simple moving average (SMA)

Period Value ($) Action
SMA 3 24.56 BUY
SMA 5 24.48 BUY
SMA 10 24.55 BUY
SMA 21 23.93 BUY
SMA 50 23.21 BUY
SMA 100 25.30 BUY
SMA 200 32.84 SELL

Daily exponential moving average (EMA)

Period Value ($) Action
EMA 3 23.97 BUY
EMA 5 23.33 BUY
EMA 10 22.59 BUY
EMA 21 22.72 BUY
EMA 50 24.69 BUY
EMA 100 27.88 SELL
EMA 200 30.25 SELL

What to expect from AVAX price analysis next?

The combination of technical indicators and chart analysis suggests that Avalanche is neutral and currently gearing up for a closer move to $28. 

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

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 as it corrects. Explore Cryptopolitan’s price prediction to learn about the coin’s trajectory from 2024 to 2030.

Why is AVAX down?

AVAX is trading at its lowest this year; the crypto market capitalization has also dropped significantly. The drop in Avax value could be attributed to the general market sentiment. 

Will AVAX recover?

The Avalanche blockchain registered high activity, with its TVL reaching $868 million. This factor suggests a recovery when market sentiment changes. 

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

California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles on the Avalanche (AVAX) network. This initiative, in collaboration with software development firm Oxhead Alpha, is part of a modernization effort to streamline the state’s title transfer process.

AVAX price prediction September 2024

For August, AVAX will trade between $20.00 and $29.42, with an average price of $20.95.

Month Potential low ($) Potential average ($) Potential high ($)
September 20.00 20.95 29.42

Avalanche price prediction 2024

As the second half of 2024 unfolds, we anticipate it will trade between $20.00 and $30.54, with an average price of $20.84.

Year Potential low ($) Potential average ($) Potential high ($)
2024 20.00 20.84 30.54

Avalanche price predictions 2025 – 2030

Year Potential low ($) Potential average ($) Potential high ($)
2025 34.80 36.06 42.12
2026 50.08 51.89 61.00
2027 69.04 71.12 86.37
2028 102.51 105.35 120.08
2029 151.87 218.16 174.67
2030 211.91 307.84 265.94

Avalanche price prediction 2025

The Avalanche price prediction for 2025 is a high of $42.12. It will reach a minimum price of $34.80 and an expected average trading price of $36.06.

Avalanche price prediction 2026

The Avalanche price forecast shows it will range between $50.08 and $61.00, with an average price of $51.89

AVAX price prediction 2027

Avalanche price prediction climbs even higher into 2027. According to the predictions, it will range between $69.04 and $86.37, with an average price of $71.12.

Avalanche crypto price prediction 2028

Our Avalanche price prediction indicates a further acceleration in the price. It will trade between $102.51 and $120.08 and have an average of $105.35.

Avalanche price prediction 2029

According to the AVAX coin price prediction for 2029, the price of AVAX will range from a minimum price of $151.87 to a maximum price of $174.67. The average price will be $182.98.

Avalanche price prediction 2030

According to the Avalanche price prediction for 2030, AVAX price will range from $211.91 to $265.94, with an average price of $218.16.

Avalanche price prediction 2024 -2030

Avalanche market price prediction: Analysts AVAX price forecast

Firm 2024 2025 2026
Digitalcoinprice $45.89 $53.58 $73.92
Changelly $76.18 $99.77 $51.88
Gate.io $21.45 $23.38 $26.65

Cryptopolitan’s Avalanche price prediction

Our predictions show that Avalanche will achieve a high level of $30.54 in 2024. In 2025, it will range between $37.73 and $46.60, with an average price of $39.11. In 2030, it will range between $244.11 and $310.02, with an average of $253.26. Note the predictions are not investment advice. Seek independent consultation or do your research.

Avalanche historic price sentiment

Avalanche price history. Image source: Coinstats

  • 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 GĂ¼n 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 remained in an horizontal channel into September.



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