Avalanche (AVAX) Price Prediction 2024-2030: Is AVAX a Good Investment?

In this blog post, we are excited to share comprehensive AVAX price predictions obtained from our collaboration with https://www.cryptopolitan.com/. We extend our appreciation to the team at Cryptopolian for granting us permission to utilize their valuable information. To ensure transparency, we have included a direct link to the original post on https://www.cryptopolitan.com/ , allowing our readers to explore the full analysis and gain additional insights from the source.

Collaboration within the cryptocurrency community is essential, and we are grateful for the opportunity to incorporate the expertise of our partners.

Avalanche (AVAX) Overview

CryptocurrencyAvalanche
TickerAVAX
Current price$23.48
Market cap$9,468,358,721
Trading volume$295,779,775
Circulating supply404,769,970
All-time high$146.22 on Nov 21, 2021
All-time low$2.79 on Dec 31, 2020
24-hour high$23.63
24-hour low$22.25

Avalanche Price Prediction by Cryptopolitan 2025-2033

YearPotential low ($)Potential average ($)Potential high ($)
202537.7339.1146.60
202655.9957.9465.79
202782.6985.0198.68
2028125.00128.40144.43
2029177.84182.98212.32
2030244.11253.26310.02

Avalanche price prediction 2025

The Avalanche price prediction for 2025 is a high of $46.60. It will reach a minimum price of $37.73 and an average price of $39.11.

Avalanche AVAX price prediction 2026

The Avalanche price forecast shows it will range between $55.99 and $65.79, with an average price of $57.94.

Avalanche crypto price prediction 2027

Avalanche price prediction climbs even higher into 2027. According to the predictions, it will range between $82.69 and $98.68, with an average price of $85.01.

Avalanche price prediction 2028

Our Avalanche price prediction indicates a further acceleration in the price. It will trade between $125.00 and $144.43 and have an average of $128.40.

Avalanche price prediction 2029

According to the AVAX coin price prediction for 2029, the price of AVAX will range from a minimum price of $177.84 to a maximum price of $212.32. The average price will be $182.98.

AVAX price prediction 2030

According to the Avalanche price prediction for 2030, AVAX price will range from $244,11 to $310.02, with an average price of $253.26.

AVAX price history 2024 – 2030

What Is Avalanche?

Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum. AVAX is the native token of the Avalanche blockchain, which—like Ethereum—uses smart contracts to support various blockchain projects.

Launched in 2020, Avalanche aims to be fast, versatile, secure, affordable, and accessible. In addition, Avalanche is an open-source project, meaning anyone can view and contribute to the platform’s code.

The Avalanche blockchain reportedly can provide very quick transaction finality. AVAX is used to pay transaction processing fees, secure the Avalanche network, and act as a basic unit of account among blockchains in the Avalanche network.

Avalanche Fundamental Analysis

As of the time of writing (August 21), AVAX’s price rose by 3.51%  over the past 24 hours, trading at approximately $23.38. The cryptocurrency has a market capitalization of $9.46 billion and a trading volume of $296 million. AVAX’s trading volume has risen by 11.82%.

AVAX/USD Chart Price Analysis

AVAX/USD chart. Image source: TradingView

Investors remain unfazed by Avalanche’s price drop from $50 to $20. Instead, some investors place hopes on Avalanche highs of more than $100 in 2021 and 2022 as signals of what could happen again. 

The attached Tradingview chart shows that Avalanche has been consolidating within a narrow range over the past twelve days, suggesting bullish catalysts may nullify sell-off attempts.

Bears managed to drive the price below the $20 psychological support level over the period. Still, AVAX bulls have established a strong buy-wall, preventing another bearish break-out. This consolidation and stability around $20 could indicate the potential for an incoming breakout.

The Dovish CPI inflation data by the US Bureau of Labor Statistics released on August 14 is a bullish catalyst. The data showed slowing inflation, which, while not immediately reflected in AVAX’s spot market, has shifted sentiment in the derivatives markets.

AVAX Open Interest. Image source: Coinglass

Open Interest, a key metric for price insights, has notably increased. From $182 million on August 12, Avalanche’s Open Interest climbed to $201.14 million by August 21. AVAX’s price remained relatively stable, suggesting potential bullish momentum.

AVAX Technical Analysis

MetricValue
Volatility (30-day variation)15.09%
50-day SMA$25.31
200-day SMA$35.56
SentimentNeutral
Fear and Greed Index26 (Fear)
Green days10/30 (33%)

Daily Simple Moving Average (SMA)

PeriodValue ($)Action
SMA 321.08BUY
SMA 520.86BUY
SMA 1020.97BUY
SMA 2122.44BUY
SMA 5025.31SELL
SMA 10029.18SELL
SMA 20035.56SELL

Daily Exponential Moving Average (EMA)

PeriodValue ($)Action
EMA 320.68BUY
EMA 520.85BUY
EMA 1021.34BUY
EMA 2122.72BUY
EMA 5025.36SELL
EMA 10028.68SELL
EMA 20030.80SELL

The combination of technical indicators and chart analysis suggests that Avalanche is bearish but is currently gearing up for a breakout above $20. 

Moreover, the William Alligator trendlines, which measure volatility, are tightening, indicating reduced price movement. This often precedes a significant breakout, and with resistance at $23.35, a break above this level could see AVAX retesting the $29 mark.

A bullish breakout seems increasingly likely if AVAX maintains support at $20 and the Open Interest continues rising. Traders should watch for a decisive move above the $23.35 resistance level.

FAQ

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 $834 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.