Crypto News

Will AVAX Price Hit $100 in 2021?


The Crypto market has seen tremendous growth over the past few years. Especially this year with bitcoin, many altcoins were trending with rapid price spikes, one such asset is AVAX!

The Avalanche has quickly gained great attention that crypto investors are curious and searching the questions like Is AVAX worth buying in 2021? What will be the price increase for the year 2021, and beyond? How high can AVAX Price go?

Our guide will give you an idea of the Avalanche price prediction, with technical analysis to fundamental past price charts.

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.

What is Avalanche?

Avalanche (AVAX) is the emerging smart-contracts platform in the crypto industry, 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, low cost, and eco-friendly.

Avalanche has its own native token AVAX. The token is used to pay for fees, 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 (Decentralised Finance), financial products, trading, and other services. Any smart contract-enabled application can rule over its competitors on Avalanche (AVAX).

Avalanche successfully launched its mainnet on September 21, 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.

Now you better know the platform’s functionalities. The next intriguing point is its price movements! Is the AVAX token a Good investment? Let see what the future holds for this booming altcoin in this AVAX Price.

AVAX Price Prediction 2021:

AVAX is a rally with a price of $3.0905. As the founders intended to make this coin a big hit this year, 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.

With the following announcements of its partnerships 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 the level of $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 18, 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 new ATH $75.05 on September 18th, 2021.

If the currency continues its developments and tie-ups in the coming days, there are chances, the price may skyrocket to $88.26. On the downside in case market collapse and failure of updates may lead to a price drop to $24.28 Considering all the viewpoints the price may reach $59.29 by the end of 2021. 

AVAX Price Prediction 2022:

AVAX is all set for new milestones. Yes, the year 2022 is going to be the gamechanger for AVAX if bulls significantly hold the market for a certain period of time the price may surpass  $100 by the end of the year. Also, it may captivate a huge audience if it continues its development and other events at the same pace.

AVAX Price Prediction 2025:

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 $157.35 by the end of 2025.

As the coin continues to evolve, the platform will obviously plan for its expansion, where the coin may face regulatory restrictions across different countries, this may result in a pullback of the price rally to $108.26.

Considering all viewpoints, the coin’s promising average price could be $117.45.

AVAX Price Prediction 2030:

There are many challenges to be considered while making long-term forecasts.

As per the coin’s fundamental data and technical analysis, AVAX price may skyrocket to $250 by end of the year 2030, provided the platform’s active announcements, possible technology breakthroughs, and partnerships with reputed tech firms.

On the downside, as there are thousands of altcoins fighting to sustain in the market, going forward AVAX also needs to concentrate on strategies followed by the competitors, if it fails to do so the coin may fall as low as $148.56 by the end of 2030.

On the whole, the average price of the coin could be $179.33 by the end of 2030.

AVAX Market Prediction:

Walletinvestor:

According to the technical analysis of the website, the Avalanche’s price may consolidate around $61.650till this year’s end. They hope that the price will see a significant rise and may hit $87.99 by the end of 2022. As per their analysis, this is the best platform for long-term investments and the price may hit a three-digit value of $165.726 by the end of 2025.

Digitalcoinprice:

As per digitalcoinprice prediction, the AVAX might see a study rise this year and may hit $108.10 by the year-end. The website has made a reasonable prediction for the year-end 2022, where the price may hit the value of $126.49. They anticipate that the price will continue to rise and may smash the milestone of $218.27 by 2025.

LongForecast:

As per the data analysis of LongForecast, the AVAX price may hit a new all-time high of $62.28 by this year-end. They hope that the price may skyrocket to $95.46 by the end of 2022. According to their website, the coin is best suited for long-term investments.

Also Read : Cardano Price Prediction, Will ADA Price Hit $10 in 2021?

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 $46.78 by the end of 2021.

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 $24.86 by the year-end.

Considering all viewpoints, the average price of the AVAX would be around $37.89 by the end of this year.

Using the table below understand what is possible in terms of highs and lows.

Year. Potential High. Potential Low.
2021 $46.78. $24.86.
2022 $72.25 $54.56
2025 $95.56 $65.45.

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.

FAQ

Is AVAX a good investment?

Yes, if you are planning for the long term Terra looks promising, as the platform is coming up with new announcements, and also tied up with high-level tech firms.

Will AVAX price rebound to the $50 level?

As the platform recently launched a $180 million liquidity mining incentive event, there are possibilities that the price may rebound by $50 and also may hit new all-time highs depending on how the platform takes it further.

Where to trade AVAX?

AVAX can be traded on various exchanges like Binance, OKEx, Huobi, and many more.

Is AVAX worth buying in 2021?

AVAX has the potential to be a profitable short-term investment.

Also Read : Ethereum Price Prediction, Will Bulls take ETH Price to $5000?





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