By the end of the 2021 bull market, Avalanche was on track to become one of the most valuable cryptocurrencies on the market. Avalanche’s extremely fast and scalable blockchain was one of the successful projects in the 2021 bull market. However, the bear market has resulted in heavy losses for the AVAX token. But what does the future Avalanche (AVAX) forecast look like? Let’s try to assess in this AVAX price prediction article.
What is Avalanche (AVAX)?
Avalanche is a modern blockchain network that can execute smart contracts and, above all, impresses with its high scalability. It is a multi-chain system that stands for high scalability, high interoperability, and low fees. Avalanche is used primarily in the area of decentralized financial services (DeFi).
Avalanche’s network token is called AVAX. It is used for all fees and services and burned after use. Avalanche wants to solve the scaling problems that have arisen with Ethereum, among others, without sacrificing decentralization.
The special thing about Avalanche is the fact that the network consists of 3 chains. The P- and the C-Chain are pure blockchains and the X-Chain is a decentralized acyclic graph (DAG). Each chain has its own core functionality, which means that the network can execute extremely fast transactions through the combination of the chains.
How did AVAX Perform in 2022?
In 2021, AVAX price saw a massive surge. It reached its all-time high at the end of November 2021 at over 146 US dollars. Even after that, the price saw another peak at the end of December before the bear market caused the AVAX price to fall sharply. At the turn of the year, when most other cryptocurrencies had already seen heavy losses, AVAX was still trading at $109.
Avalanche then continued to fall in 2022 . However, the price was able to stay above 90 dollars until April. In May and June, the AVAX token then saw further heavy losses, which made the Avalanche forecast for 2022 heavily negative. In mid-June, the AVAX price even fell below 14 dollars.
In the last few weeks and months, the price has been able to stabilize very well and we no longer saw any strong upward or downward swings. In mid-October, the AVAX price is currently around $15. So the price has lost almost 90% of its all-time high.
Why was Avalanche HYPED in 2021?
In the bull market, many projects on the crypto market experience short- to medium-term hype, which causes the price of a cryptocurrency to rise massively. That included Avalanche. The surge in AVAX price followed massive price increases in Cardano (ADA) in September and Solana (SOL) in October 2021.
In this market phase, investors particularly liked to invest in projects that promised high scalability and were also considered “Ethereum killers”. Avalanche was the third such project alongside Cardano and Solana. So, just prior to the onset of the bear market, Avalanche had its big rally. The Avalanche forecast for 2022 quickly turned negative again due to the bear market.
AVAX Price Prediction 2030
In the following, we would like to deal with the Avalanche forecast for the next few years and see whether the cryptocurrency can also rise in the next few years. To do this, we want to look at the forecasts for the end of 2022 and for the years 2025 and 2030.
AVAX Price Prediction 2022
There are only a few weeks until the end of 2022. Therefore, we want to try to forecast the price at the end of 2022. The Avalanche forecast for the end of 2022 should not differ much from the current price. In the past few weeks, the Avalanche rate has fluctuated between $15 and $20.
In the next few weeks until the end of the year, the price should no longer move much. If we see a strong price movement, the price is more likely to fall. After such a long period of sideways movement, a swing up or down becomes more likely over time. The Avalanche forecast for the end of 2022 is therefore neutral to slightly negative.
Avalanche guidance for year-end 2022: $10-$16
AVAX Price Prediction 2025?
In the next 3 years, there could be some price movements on the market again. As early as 2023, the first price increases could start again after the massive losses in the bear market. After the Bitcoin Halving in 2024, we should transition back into a bull market in the following months. With that, the AVAX price should rise again.
In the last bull market, AVAX rose from a value of $3 at the end of 2020 to an all-time high of $146. We saw an increase by a factor of 50 within a year and a bull market. This increase would probably be lower in a new bull market, since the initial hype about Avalanche would now be lower. But we can expect a factor of 25 for the time being. If we continue to take a low of $10, AVAX could rally as high as $250.
Avalanche Forecast for 2025: $175-$300
AVAX Price Prediction 2030
Now we want to look further into the future and make the Avalanche forecast for 2030. So far into the future, it’s hard to make predictions. The market and external circumstances can change so massively over the next 8 years. For now, we can only look back at the cryptocurrency cycle.
After the bull market in 2025, there should be another bear market in which prices drop by 80 to 90 percent. This could drop the AVAX price to $30 to $50. If we take $40 as the low in this bear market and assume a factor of 20 for the next rise, the price can go as high as $800 in the ensuing bull market.
In 2030 we could see either the end of the bull market or already the bear market. As such, we have to give a wide range in the Avalanche forecast this year.
Avalanche Forecast for 2030: $250-$800
Is Avalanche a Good Investment?
The Avalanche prognosis for the next few years is quite positive if the project should continue to develop in a good direction. As with many other altcoins, there is also a greater risk here because Avalanche is also a relatively young project. As such, you can invest in AVAX if you believe in the project, but you should own a diversified portfolio of cryptocurrencies.
Where to Buy AVAX?
AVAX may be purchased on several exchanges. Here is a list that CryptoTicker suggests, taking into account the largest:
When trading CFDs, eToro is an excellent substitute for buying the actual tokens and trading the price discrepancies, which relieves you of the burden of worrying about the storage and security of your cryptocurrency holdings.
How to Stake AVAX?
There are many exchanges that offer AVAX staking. We at CryptoTicker recommend using Binance, as it is one of the most secure and biggest crypto platforms in the world. The current APR for staking AVAX on Binance is between 6.28% and 18.9% in a locked account.
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