Avalanche (AVAX) Price Prediction 2023-2030: Will AVAX reach $30 Soon?

• Bullish AVAX’s price prediction ranges from $32.181 to $35.867.
• Analysis suggests that the AVAX price might reach $40 soon.
• AVAX’s bearish market price prediction for 2023 is $3.30.

Avalanche Blockchain is a layer one blockchain and is considered one of the most cost-effective and eco-friendly blockchains in the crypto and blockchain industry. AVAX is the native token of the Avalanche blockchain. AVAX can be used as a utility token within the Avalanche ecosystem.

As one of the top-rated altcoins, AVAX investors are still bullish on the token. Moreover, AVAX hodlers and stakers could receive gains and rewards over time.

If you are interested in the future of Avalanche (AVAX) and would want to know the price analysis and price prediction of AVAX for 2023, 2024, 2025, 2026, and up to 2050, keep reading this Coin Edition article.

Avalanche (AVAX) Market Overview

What is Avalanche (AVAX)?

Avalanche (AVAX) was launched by Ava Labs in 2020, founded by Emin Gün Sirer, Kevin Sekniqi, and Maofan “Ted” Yin. Avalanche acts as a platform for decentralized applications (Dapps) and custom blockchain networks and is considered Ethereum’s rival.

The Avalanche platform is built on three chains which are X-Chain, P-Chain, and C-Chain. The X stands for exchange, P stands for the platform, and C stands for the contract. The C-Chain is controlled by the Snowman protocol that hosts transactions on the Avalanche blockchain.

The Avalanche native token, AVAX, can be used to perform the following activities within the Avalanche blockchain which are: payment of gas fees, payment of staking rewards to investors for supporting the consensus mechanism of the platform, and for the deployment of its multiple subnets that are used by validators.

At the time of writing, there is a total of 55 subnets, with total validators of 1220. Moreover, there are 262,258,406 AVAX in the platform as the total stake amount. Avalanche’s subnet stats also reveal that there were 49,516 active addresses and the average Transaction Per Second (TPS) for subnets is 23.04.

Decentralized applications (Dapps) and decentralized finance (DEFI) contracts are supported within the Avalanche blockchain. Transactions are completed instantly on the Avalanche blockchain since it can complete thousands of transactions per second.

Furthermore, there are many projects being built on the Avalanche ecosystem, which could continue to drive AVAX’s price upward over time.

Analyst View on Avalanche (AVAX)

Recently, Patrick O’Grady, the head of engineering of Ava Labs, reported that Avalanche‘s Cortina upgrade is live on the Fuji Testnet. This would pave the path for much broader adoption of the X-Chain, enhancing the UX of staking on the P-Chain and allowing complex transactions to take place on the C-Chain.

Moreover, Avalanche has recently introduced the Avalanche Evergreen Subnets. As described by Avalanche, it is a suite of institutional blockchain deployments and tooling, designed to address company-specific and industry-wide considerations. The Evergreen Subnets maintain the benefits of public network development while maintaining the features required for enterprise solutions.

Along with future developments, upcoming projects, and network, AVAX value could rise up in the coming future.

Avalanche (AVAX) Current Market Status

Avalanche’s native token, AVAX, is currently priced at $9.67 while experiencing a surge of 7.04% in seven days, at the time of writing. AVAX’s market cap is valued at $3,423,453,026, after witnessing a spike of 3.33% in just 24 hours.  Moreover, there is a circulating supply of 354,239,565 AVAX while the maximum supply remains to be 720,000,000 AVAX. 

Some of the top cryptocurrencies exchanges for trading Avalanche (AVAX) are Binance, Coinbase Exchange, Kucoin, Kraken, and others.

Now that you know what Avalanche is and what its current market status is, let’s understand the price analysis of AVAX for 2023.

Avalanche (AVAX) Price Analysis 2023

Currently, Avalanche (AVAX) is ranked in the 22 position on CoinMarketCap. Will the upcoming projects on the Avalanche network increase AVAX’s price? Let’s find out in this Coin Edition price prediction article.

Avalanche (AVAX) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

The candlesticks recently dropped down to the bottom half of the Bollinger Bands after it touched the upper band. The candlesticks hitting the upper band could be a sign that the crypto asset was trading near the overbought region as a result of this the altcoin faced a slight fall in its prices. There may be a chance that the candlestick could once again climb up as it is still near the middle line. Another possibility could be that the altcoin may continue to fall down to the lower band.

Avalanche (AVAX) Price Analysis – Relative Strength Index(RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered as the overbought region, and traders expect the price could fall soon.

The RSI recently formed a bearish cross indicating that the altcoin could witness a fall in the coming days. It seems that RSI was denied entry into the above 60 region which is considered as a strong trend strength. After the denied entry, RSI made a significant fall from the 60 regions, finally, dropping below the 50 regions. There may be a chance of recovery if the altcoin experiences a surge.

Avalanche (AVAX) Price Analysis – Moving Average Convergence Divergence (MACD)

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

Looking at the MACD, the green bars exist in the indicator signifying that a possible surge may still be in the indicator. However, the recent green bars on the indicator could indicate that the surge’s strength may be reducing and may soon end the short-term surge that ARK was witnessing. There is a high possibility that the MACD may make a bearish crossover with the signal line.

Avalanche (AVAX) Price Prediction 2023 – 2030 Overview

Avalanche (AVAX) Price Prediction 2023

The candlesticks is currently trading below the $11.30 level after facing a significant fall. However, after some time, AVAX seems to have formed new green candlesticks that showcased the altcoins’ interest in reaching new levels. If AVAX continues to experience a surge it has the potential to cross the $11 level and soon would climb up to new heights. However, if the RSI reaches the overbought region, then traders could experience a significant fall over time.

Meanwhile, the price prediction of AVAX for 2023 remains to be bullish and is expected to reach beyond the level of $32. The bearish price prediction range for AVAX is between $4.17 to $3.30. AVAX’s price could also reach $40 if it experiences an extremely bullish sentiment.

Avalanche (AVAX) Price Prediction – Support and Resistance Levels

AVAX recently touched the Support, however, started trading above the support zone. If AVAX continues to maintain this bullish trend, then, it could soon reach the Resistance 1 level and trade even beyond $30.59. If AVAX breaks the Resistance 1 level, then, it could also reach the Resistance 2 level over time, which is considered bullish. However, if AVAX faces a bearish trend over time, then, it could fall to the Support and could trade even below the Support region. 

Avalanche (AVAX) Price Prediction 2024

Traders are looking forward to this year as it could be a historic moment for cryptocurrencies, as the Bitcoin halving is expected to happen in 2024. Most of the time, whenever BTC rises, traders have observed a similar surge in the altcoins. AVAX could also be affected by Bitcoin halving and could trade beyond the price of $45 by the end of 2024.

Avalanche (AVAX) Price Prediction 2025

AVAX could still experience the after-effects of the Bitcoin halving and is expected to trade above its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, AVAX will continue to rise in 2025 forming new resistance levels. It is expected that AVAX would trade beyond the $60 level.

Avalanche (AVAX) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, AVAX could tumble into its support regions. However, when AVAX remains in the oversold region, there could be a price correction soon. AVAX, by the end of 2026, could be trading beyond the $70 resistance level after experiencing the price correction.

Avalanche (AVAX) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. AVAX is expected to rise after its slumber in the bear season. Moreover, AVAX could even break more resistance levels as it continues to recover from the bearish run. Therefore, AVAX is expected to trade at $80 by the end of 2027.

Avalanche (AVAX) Price Prediction 2028

Once again, the crypto community is looking forward to this year as there will be a Bitcoin halving. Alike many altcoins, AVAX will continue to form new higher highs and is expected to move in an upward trajectory. Hence, AVAX would be trading at $92 after experiencing a massive surge by the end of 2028. 

Avalanche (AVAX) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment and the slight price surge expected after the aftermath, AVAX could be trading at $101 by the end of 2029.

Avalanche (AVAX) Price Prediction 2030

After witnessing a bullish run in the market, AVAX and many altcoins would show signs of consolidation and might trade sideways for some time, while experiencing minor spikes. Therefore, by the end of 2030, AVAX could be trading at $110.

Avalanche (AVAX) Price Prediction 2040

The long-term forecast for AVAX indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. However, AVAX may face a slight fall before starting its upward journey once again. It is expected that the average price of AVAX could reach $150 by 2040.

Avalanche (AVAX) Price Prediction 2050 

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, AVAX could surpass the resistance level of $200.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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