Avalanche Price Prediction, will AVAX’s price hit $27.81?
Avalanche’s price at the same time last week was $17.69. It has moved by -5.97% in the past week and is currently at $16.63. Infact, in the past 24 hours, AVAX has dumped by -2.95%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and AVAX could hit $35.28 in 2024.
The total circulating supply of Avalanche as of writing this article was $325759724.83 and the marketcap of AVAX remains at $5,403,438,469.
Disclaimer
For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.
About Avalanche
Avalanche (AVAX): An overview
Source: Avax.network
Avalanche is a decentralized smart contract platform with the aim of being incredibly fast, affordable, and eco-friendly. AVAX, a native utility token of the ecosystem, serves as the main medium of exchange. Its maximum supply is capped at 720 million, with 360 million minted and sold via private and public sales at launch, and the remaining 360 for staking rewards distributed over the decades.
In contrast to legacy blockchain networks with a single blockchain and validator set, Avalanche features a heterogeneous network of various blockchains and validator sets. It utilizes proof of stake, assisted by the distinctive Avalanche consensus, which is an alternative to the standard Nakamoto consensus used by proof-of-work platforms.
Avalanche consists of three built-in interoperable blockchains:
- Exchange Chain (X-Chain) for transactions
- Contract Chain (C-Chain) for smart contracts
- Platform Chain (P-Chain) for administering the subnets, coordination of all the validators, and the staking mechanism.
C-Chain and P-Chain make use of the Snowman consensus protocol, whereas X-Chain utilizes the Avalanche consensus protocol. These blockchains are validated and secured by all Avalanche validators, which is also called the Primary Network.
Avalanche’s journey
Source: Avax.network
In May 2018, Avalanche was initially conceptualized as InterPlanetary File System (IPFS) by a pseudonymous group of enthusiasts called ‘Team Rocket.’ The Avalanche network was later developed and launched in September 2020 by Ava Labs, which was founded by a team from Cornell University: Emin Gün Sirer, Kevin Sekniqi, and Maofan ‘Ted’ Yin.
The open-source platform was created with the goal of solving problems such as scalability and decentralization, high fees, and interoperability within an ecosystem.
On July 15, 2020, Avalanche’s Initial Coin Offering (ICO) raised $42 million in under 24 hours. This was followed by the launch of the mainnet in September and the introduction of the native token, AVAX. After a year, they raised $230 million via a token sale.
Here’s a brief timeline of Avalanche’s mainnet launch:
- Cascade Testnet: In April 2020, Avalanche's first public testnet was launched.
- Denali Incentivized Testnet: In May 2020, Avalanche's second public testnet was launched, incentivizing users to run a testnet node and allocating 2,000 AVAX tokens to participants.
- Everest Mainnet Release Candidate: This was the fully-featured version of the Avalanche network, which was the final phase of testing before the launch of the mainnet.
- Avalanche Mainnet Launch: In September 2020, the Avalanche mainnet was launched, featuring the release of all three Avalanche chains: X-Chain, C-Chain, and P-Chain.
Other key developments
Source: Binance Academy
Despite only being launched in 2020, Avalanche has achieved a lot within a brief time. Here are some of Avalanche’s key developments in the last two years:
- Integration with ReefDeFi in January 2021
- Introduction of AEB Bridge and Pangolin in February 2021
- Introduction of Apricot Phase One in March 2021
- Launch of $1B trade volume across all DEX’S NFT Marketplace v1 in April 2021
- DeFi shopping app Curate for merging AVAX payments and mint NFTs on Avalanche in May 2021
- Avalanche’s roadmap was released in June 2021
- Avalanche Foundation made a strategic investment in EonXI Labs for backing Web 3.0 startups and founders
- Avalanche Foundation launched Multiverse, a $290M worth incentive program for accelerating growth of new internet of subnets
- OpenSea launched support for Avalanche, expanding access to Avalanche NFTs
- Ava Labs launched Core Web, upgrading the Web3 user experience
- Ava Labs released Core, a Web3 operating system for Avalanche
- Japanese media giant GREE will be building Web3 games and running nodes on Avalanche
AVAX Price Analysis
Since the beginning of April 2022, AVAX witnessed a downward trend on its weekly chart, with the two major support and resistance levels at $75.46 and $29.30.
AVAX Weekly Chart
A bounce from $55 was seen in early 2022, which took AVAX to $98, and a bearish momentum was then followed. The weekly price chart showcased that AVAX’s price was the lowest it has been since May 2021, with the RSI going way below the neutral 50 line. Since the price has been in a downtrend, the RSI has been below neutral 50, so there was not much scope for bulls in the market. Overall, there has been no indication of a trend reversal yet.
However, the MACD continued to rise even though the price fell, where the price made lower highs and the MACD made higher highs, indicating a hidden bearish divergence. On the other hand, the daily time frame was seen to be bullish.
Should you consider buying AVAX?
Based on the price chart, traders looking to trade with the trend can wait for a bullish trend before beginning to buy, which would not be the case until $21.17 and $29.30 are flipped to support. If AVAX does see movement in any direction, then using the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) will help traders.
Avalanche Price Prediction
Avalanche has had an eventful 2021. To simplify the latest AVAX price prediction, we have divided up the prediction by short term Avalanche price prediction and long term Avalanche price prediction. As of writing this article, AVAX had a trading volume of $151,466,496. Avalanche has gone down by -17.95% in the past 30 days.
According to our analysis in the short term, Avalanche price prediction for May 2023 shows the average price of AVAX at $18.92 and the highest possible price for May 2023 would be $20.24.
Further, according to our analysis in the long term, Avalanche price prediction for September 2023 shows the average price of AVAX at $21.35 and the highest possible price for September 2023 would be $22.84.
Avalanche's Short Term Price Prediction
| Date | Avg Price | Lowest Price | Highest Price |
| 26 Mar 2023 | $16.96 | $15.77 | $18.15 |
| 27 Mar 2023 | $17.00 | $15.81 | $18.19 |
| 28 Mar 2023 | $17.11 | $15.91 | $18.31 |
| 29 Mar 2023 | $16.98 | $15.79 | $18.17 |
| 3 Apr 2023 | $17.10 | $15.90 | $18.29 |
| 8 Apr 2023 | $17.40 | $16.18 | $18.62 |
| 18 Apr 2023 | $17.99 | $16.73 | $19.25 |
| May 2023 | $18.92 | $17.59 | $20.24 |
| June 2023 | $19.52 | $18.16 | $20.89 |
| July 2023 | $20.13 | $18.72 | $21.54 |
| August 2023 | $20.74 | $19.29 | $22.19 |
| September 2023 | $21.35 | $19.85 | $22.84 |
| October 2023 | $21.96 | $20.42 | $23.49 |
| November 2023 | $22.56 | $20.98 | $24.14 |
| December 2023 | $23.17 | $21.55 | $24.79 |
Avalanche price prediction 26 Mar 2023: Avalanche’s price for 26 Mar 2023 according to our analysis should range between $15.77 to $18.15 and the average price of AVAX should be around $16.96.
Avalanche price prediction 27 Mar 2023: Avalanche’s price for 27 Mar 2023 according to our analysis should range between $15.81 to $18.19 and the average price of AVAX should be around $17.00.
Avalanche price prediction 28 Mar 2023: Avalanche’s price for 28 Mar 2023 according to our analysis should range between $15.91 to $18.31 and the average price of AVAX should be around $17.11.
Avalanche price prediction 29 Mar 2023: Avalanche’s price for 29 Mar 2023 according to our analysis should range between $15.79 to $18.17 and the average price of AVAX should be around $16.98.
Avalanche price prediction 3 Apr 2023: Avalanche’s price for 3 Apr 2023 according to our analysis should range between $15.90 to $18.29 and the average price of AVAX should be around $17.10.
Avalanche price prediction 8 Apr 2023: Avalanche’s price for 8 Apr 2023 according to our analysis should range between $16.18 to $18.62 and the average price of AVAX should be around $17.40.
Avalanche price prediction 18 Apr 2023: Avalanche’s price for 18 Apr 2023 according to our analysis should range between $16.73 to $19.25 and the average price of AVAX should be around $17.99.
Avalanche price prediction May 2023: Avalanche’s price for May 2023 according to our analysis should range between $17.59 to $20.24 and the average price of AVAX should be around $18.92.
Avalanche price prediction June 2023: Avalanche’s price for June 2023 according to our analysis should range between $18.16 to $20.89 and the average price of AVAX should be around $19.52.
Avalanche price prediction July 2023: Avalanche’s price for July 2023 according to our analysis should range between $18.72 to $21.54 and the average price of AVAX should be around $20.13.
Avalanche price prediction August 2023: Avalanche’s price for August 2023 according to our analysis should range between $19.29 to $22.19 and the average price of AVAX should be around $20.74.
Avalanche price prediction September 2023: Avalanche’s price for September 2023 according to our analysis should range between $19.85 to $22.84 and the average price of AVAX should be around $21.35.
Avalanche price prediction October 2023: Avalanche’s price for October 2023 according to our analysis should range between $20.42 to $23.49 and the average price of AVAX should be around $21.96.
Avalanche price prediction November 2023: Avalanche’s price for November 2023 according to our analysis should range between $20.98 to $24.14 and the average price of AVAX should be around $22.56.
Avalanche price prediction December 2023: Avalanche’s price for December 2023 according to our analysis should range between $21.55 to $24.79 and the average price of AVAX should be around $23.17.
Avalanche's Long Term Price Prediction
Avalanche’s long term Price Prediction below is a look at AVAX’s future prospect with regards to price. Avalanche was last seen at $16.63, with a market cap of $5,403,438,469 and trading volumes of $151,466,496. AVAX’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.
| Years | Avg Price | Lowest Price | Highest Price |
| 2023 | $23.17 | $18.54 | $27.81 |
| 2024 | $29.40 | $23.52 | $35.28 |
| 2025 | $39.10 | $31.28 | $46.92 |
| 2026 | $52.00 | $41.60 | $62.41 |
| 2027 | $69.17 | $55.33 | $83.00 |
| 2028 | $91.99 | $73.59 | $110.39 |
| 2029 | $122.35 | $97.88 | $146.82 |
| 2030 | $162.72 | $130.18 | $195.27 |
| 2031 | $216.42 | $173.14 | $259.70 |
| 2032 | $287.84 | $230.27 | $345.41 |
| 2033 | $382.83 | $306.26 | $459.39 |
| 2034 | $509.16 | $407.33 | $610.99 |
Avalanche price prediction 2023: Avalanche’s price for 2023 according to our analysis should range between $18.54 to $27.81 and the average price of AVAX should be around $23.17.
Avalanche price prediction 2024: Avalanche’s price for 2024 according to our analysis should range between $23.52 to $35.28 and the average price of AVAX should be around $29.40.
Avalanche price prediction 2025: Avalanche’s price for 2025 according to our analysis should range between $31.28 to $46.92 and the average price of AVAX should be around $39.10.
Avalanche price prediction 2026: Avalanche’s price for 2026 according to our analysis should range between $41.60 to $62.41 and the average price of AVAX should be around $52.00.
Avalanche price prediction 2027: Avalanche’s price for 2027 according to our analysis should range between $55.33 to $83.00 and the average price of AVAX should be around $69.17.
Avalanche price prediction 2028: Avalanche’s price for 2028 according to our analysis should range between $73.59 to $110.39 and the average price of AVAX should be around $91.99.
Avalanche price prediction 2029: Avalanche’s price for 2029 according to our analysis should range between $97.88 to $146.82 and the average price of AVAX should be around $122.35.
Avalanche price prediction 2030: Avalanche’s price for 2030 according to our analysis should range between $130.18 to $195.27 and the average price of AVAX should be around $162.72.
Avalanche price prediction 2031: Avalanche’s price for 2031 according to our analysis should range between $173.14 to $259.70 and the average price of AVAX should be around $216.42.
Avalanche price prediction 2032: Avalanche’s price for 2032 according to our analysis should range between $230.27 to $345.41 and the average price of AVAX should be around $287.84.
Avalanche price prediction 2033: Avalanche’s price for 2033 according to our analysis should range between $306.26 to $459.39 and the average price of AVAX should be around $382.83.
Avalanche price prediction 2034: Avalanche’s price for 2034 according to our analysis should range between $407.33 to $610.99 and the average price of AVAX should be around $509.16.
A Historical look at Avalanche, AVAX’s price:
AVAX/USD Pair
AVAX/EUR Pair
FAQs about Avalanche
Avalanche’s current price is $16.63 and witnessed a -2.95% decrease in the past 24 hours. AVAX/BTC pair saw a -1.40% decrease in the past 24 hours.
Investing in Avalanche, AVAX will purely depend on your personal risk appetite. As you can see over the past 24 hours Avalanche’s price has witnessed a -2.95% decrease and over the past 30 days Avalanche has decreased by -17.95%. So it all depends on if this investment will hit your trading goals.
According to our latest Avalanche Price prediction for 2023, AVAX should vary between $27.81 and $18.54 Please keep in mind that the crypto market is very volatile and this Avalanche price prediction does not account for extreme wild swings in price.
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According to the Avalanche Price Prediction model above, AVAX’s price in 2024 would be $29.40. This price would however would range from $35.28 and $23.52.
According to the Avalanche Price Prediction model above, AVAX’s price in 2025 would be $39.10. This price would however would range from $46.92 and $31.28.
According to the Avalanche Price Prediction model above, AVAX’s price in 2026 would be $52.00. This price would however would range from $62.41 and $41.60.
According to the Avalanche Price Prediction model above, AVAX’s price in 2027 would be $69.17. This price would however would range from $83.00 and $55.33.
According to the Avalanche Price Prediction model above, AVAX’s price in 2028 would be $91.99. This price would however would range from $110.39 and $73.59.
According to the Avalanche Price Prediction model above, AVAX’s price in 2029 would be $122.35. This price would however would range from $146.82 and $97.88.
According to the Avalanche Price Prediction model above, AVAX’s price in 2030 would be $162.72. This price would however would range from $195.27 and $130.18.
According to the Avalanche Price Prediction model above, AVAX’s price in 2031 would be $216.42. This price would however would range from $259.70 and $173.14.
According to the Avalanche Price Prediction model above, AVAX’s price in 2032 would be $287.84. This price would however would range from $345.41 and $230.27.
According to the Avalanche Price Prediction model above, AVAX’s price in 2033 would be $382.83. This price would however would range from $459.39 and $306.26.
According to the Avalanche Price Prediction model above, AVAX’s price in 2034 would be $509.16. This price would however would range from $610.99 and $407.33.
The highest price for Avalanche was recorded in 21st November 2021 during which AVAX hit an All Time High of $144.96
The price of 1 Avalanche according to current market rate is $16.63
