Avalanche (AVAX) Price Prediction 2024-2030 : Will AVAX Hit $100 Soon?

• The bullish AVAX price prediction ranges from $73.47 to 80.58.
• AVAX price might also reach above $97.57 in 2024.
• AVAX’s bearish market price prediction for 2024 is $12.134.

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 like to know the price analysis and price prediction of AVAX for 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 deployment of its multiple subnets that are used by validators.

At the time of writing, there are a total of 55 subnets, with a total of 1220 validators. Moreover, there are 262,258,406 AVAX on 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

According to CoinMarketCap, Avalanche’s native token, AVAX, is currently priced at $41.05 while experiencing a surge of 85.15% in seven days at the time of writing. AVAX’s market cap is valued at $15,013,973,204 after witnessing a spike of 18.48% in just 24 hours. Moreover, there is a circulating supply of 354,239,565 AVAX, while the maximum supply remains at 720,000,000 AVAX. 

Some of the top cryptocurrency 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 2024.

Avalanche (AVAX) Price Analysis 2024

Currently, Avalanche (AVAX) is ranked in the 9th 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 are a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilize the time period and the standard 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 above chart highlights that the candlestick faced a retracement after it crossed above the boundaries of the upper band. Out of the four times, the price correction has happened at all of those times. This could further confirm that when the candles break beyond the upper band, a price correction will happen soon. Currently, the prices of AVAX have pushed the candlestick above the upper band; as such, investors may expect a correction. 

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 an overbought region, and traders expect the price to fall soon.

The RSI indicator highlights that altcoin is currently trading highly influenced by the massive entry of buyers into the market. The RSI is climbing up the peaks of the overbought region, with no signal of a possible end for the buyer-influenced bull run. The market could still continue to move upwards without any possibility for a price correction if the buyers continue to enter the market.

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 the 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 trends and identify potential reversals.

The green bars forming on the indicator suggest that the price may continue to surge and that the uptrend still exists in the market. Additionally, the MACD line is moving upward vertically and continues to increase the gap between the signal lines. Hence, there may be a higher chance that the uptrend will continue to exist in the short term. 

Avalanche (AVAX) Price Prediction 2024

The recently formed green candlesticks have pushed AVAX to cross several resistance levels. Additionally, several indicators have already highlighted the bullish sentiment in the market and stated that bulls are ruling the market. Earlier, the price was gradually falling downward as its value continued to drop. This downtrend was caused by the bears. 

Currently, the candlesticks are moving upward, signifying an uptrend in the market. During this buyer-influenced surge, the price of AVAX crossed beyond $39 and is currently residing at the $40 level. 

After a significant surge, investors may expect a price correction, which could also be another opportunity for buyers to take advantage. Based on the historical data and Fib retracement, it is expected that $21.576 could be the support line during the price correction. However, if the bulls and buyers continue to push AVAX, then the altcoin could break through several other resistance levels and form new targets for this year. 

Avalanche (AVAX) Price Prediction 2024 – Support and Resistance Levels

Looking at the above chart, the candlesticks have experienced significant price increases for a long time. However, the 2022 bear market created a massive fall, causing AVAX to decrease it’s value. However, recently, AVAX started to experience a massive surge once again. Observing the charts, the candlesticks would face correction nearly to 0.5 Fib level. 

Similarly, traders may expect a fallback soon. On the other hand, buyers and investors could push the AVAX to reach new levels of resistance and achieve new price levels for this year. It could even surpass its previous year’s values.

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 will trade beyond the $123 level.

Avalanche (AVAX) Price Prediction 2026

It is expected that after a long period of bull runs, the bears will come into power and start negatively impacting 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 $106 resistance level after experiencing the price correction.

Avalanche (AVAX) Price Prediction 2027

Naturally, traders expect bullish market sentiment after the crypto industry was negatively affected 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 $178 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. Like many altcoins, AVAX will continue to form new higher highs and is expected to move on an upward trajectory. Hence, AVAX would be trading at $196 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 will 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 $234 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 $224.

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 $478 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 $875.

Conclusion

To summarize, if investors continue to show interest in AVAX and add these tokens to their portfolio, then it could continue to rise. AVAX’s bullish price prediction shows that it could pass beyond the $73.47 level in 2024. Moreover, AVAX could surpass the $875 level by the end of 2050.

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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