Minerland_logo
#
AVAX Price Prediction: Is AVAX a Good Investment?

AVAX Price Prediction: Is AVAX a Good Investment?

  • 30 September 2021
  • 186 View

This post focuses on Avalanche (AVAX) price prediction. But, before we dive into detailed Avalanche price predictions, we will learn together about the fundamentals of Avalanche and will explore the price history of AVAX till now. If you are seeking out the Avalanche price prediction to see if the AVAX coin has a promising future or not, continue reading this article. After reading this comprehensive guide concerning the Avalanche project and its native AVAX coin, hopefully, you will better decide for yourself whether you should add it to your investment portfolio or not? But first, let’s take a look at what Avalanche (AVAX) is.

What is Avalanche?

Avalanche -formerly known as AVA- is an open-source Blockchain platform to be highly fast, scalable, and configurable. The Avalanche ecosystem promises “blazingly fast” transactions and lowers fees. Avalanche claims that the ecosystem provides thousands of more transactions per second (TPS) than Ethereum or Bitcoin. Additionally, Avalanche claims that it can provide the lowest fees to users, thanks to its proof-of-stake algorithm, CPU-optimal mining efficiency, and thousands of validator nodes to make transaction times lightning-fast. Some popular crypto projects like Chainlink, SushiSwap, Circle, and the Graph use the Smart Contracts infrastructure on Avalanche.

With robust Blockchain technology, increased transaction speed, decentralization, and security, Avalanche will revolutionize payments. Thus, Avalanche will bring radical transformation to finance by enabling rapid-fire transactions in the global payment ecosystem. Moreover, the Avalanche platform is fully compatible with Ethereum assets, apps, and tools with better speeds, higher throughput orders, and lower fees. In this way, it is an all-encompassing platform for launching DeFi applications, assets, trading, and other services. The Avalanche platform allows anyone to launch or trade any asset and control it in a decentralized way using smart contracts and other advanced technologies. Avalanche hosts more than 320 decentralized applications (DApps) on the platform. Offering the same service as Ethereum but doing it more efficiently led this cryptocurrency to be called one of the “Ethereum-Killers.”

A crucial distinction between Avalanche and other blockchain platforms is its governance mechanism. Staking rewards go through dynamic changes as the system develops. Also, Avalanche has signed a pact with ecosystems like Chainlink, BiLira, etc.

What is the Avalanche (AVAX) Coin?

AVAX is the native coin of Avalanche and one of the biggest cryptocurrencies on the market. It ensures high transaction security coupled with speed up to a trillion transactions per second. The AVAX coin serves as a rewards and payment system for users. AVAX has stood the test of time, and investors have found a degree of reliability embedded in this coin. The primary goal behind partnerships is to build a humanitarian community worldwide.

AVAX has a maximum supply of 720 million, with around 220 million in circulation. The AVAX coin is listed on many exchanges such as Binance, OKEx, Huobi Global, and FTX and is usually paired against stable coins or cryptocurrencies like Bitcoin and Ethereum.

The Avalanche Team

Avalanche is a three-year-old project started in 2018 by Ava Labs and Emin Gün Sirer. In essence, the seed idea was conceived by Emin Gün Sirer, a Turkish-American computer scientist, in September 2020. He is currently an associate professor of computer science at Cornell University and also the current CEO of Ava Labs.

Furthermore, a team of mathematicians and cryptographers is responsible for the upkeep and development of the network. The platform launched in September 2020, and before this, they raised $18 million from well-known investment companies and $42 million from their public AVAX token sale in July 2020.

The Overview of AVAX Price History

AVAX Price History at a Glance

In 2019, Avalanche raised $18 million and released its AVAX coin priced at $0.33. The following year, Avalanche offered another 24.9 million AVAX coins through a private sale priced at $0.50. In July 2020, Avalanche gathered another $42 million through its public token sale. Finally, in 2021, Avalanche had its most significant fundraising of $230 million, taking its total amount close to $300 million. Note that on their Initial Coin Offering (ICO), you could buy one AVAX for the price of around $0.50, a hundred times less high than its current price.

2020

According to the data derived from CoinMarketCap, AVAX entered the market in September 2020 with a price of around $4. When Avalanche first joined the crypto market, it didn’t invest much money into marketing, and the market was generally bearish at that time. Hence, the AVAX price stagnated at around $4 for some time.

Source: CoinMarketCap (AVAX Price Movement in 2020)

2021

Upon the start of 2021, Avalanche doubled its value, hitting a price of $8.46. This cryptocurrency kept going up. By January 18, 2021, Avalanche reached a trading value of $13.2. While there was a belief that the craze surrounding Avalanche was over, this cryptocurrency surprised everyone once more, surpassing the price of $55.6 on February 10. Avalanche experienced a dip throughout July, hitting a low of $10.17 on July 20. However, the coin managed it well and revived very soon.

During the last two months since mid-July of this year, the AVAX price has surged from under $10 to above $70. On September 21, 2021, Avalanche launched its mainnet. Avalanche reached its highest price on September 23, 2021, when it traded at its all-time high of $79.48. The lowest price since its ATH was $62.05 (cycle low). Having registered such drastic price increases in a relatively short time has caught the attention of investors, and many have been watching AVAX closely since then.

The History of AVAX Price in 2021

Moreover, the chart below shows that AVAX has performed excellently in the past few days. Furthermore, the AVAX technical analysis indicates a bullish trend. If this trend continues, AVAX may run along with the bulls and reach even higher to $76.04. In contrast, if cryptocurrency investors begin to turn against it, the bears might take over and push AVAX down from its current upward trend. To put it simply, the price of AVAX may drop to almost $48.61 under this worst-case scenario.

Source: Trading View (AVAX Price Prediction)

AVAX Price Prediction

Now, let’s take a look at some AVAX price predictions and see what analysts think of AVAX’s future. Are you ready? Then, let’s start.

WalletInvestor AVAX Price Prediction

According to the WalletInvestor forecast system, AVAX is an excellent long-term (one-year) investment. Then, if you plan to invest in digital currencies with good returns, AVAX can be a profitable investment option after Bitcoin cloud mining. Based on their forecasts, a long-term increase is expected. The AVAX price prediction for 2026-09-19 is 216.743 US dollars. Then, with a five-year investment, the revenue will be around +213.98%. Therefore, your current $100 investment may be up to $313.98 in 2026.

WalletInvestor AVAX Price Prediction

Source: WalletInvestor (Long-term AVAX Price Prediction)

WalletInvestor AVAX Price Prediction

The platform expects the AVAX price to go up from 69.030 USD to 95.321 USD in one year. Accordingly, the long-term earning potential shows a %38.09 increase in one year. Also, it is expected that the Avalanche (AVAX) future price will be 216.743 USD in 2026. Hence, the bottom line is that the AVAX is suitable for investing and making money. On the whole, since this virtual currency has a positive outlook, they recommend it as a part of your investment portfolio.

TradingBeasts AVAX Price Prediction

According to their forecasts, the AVAX price prediction is $56.438 by the beginning of October 2021. The expected maximum price is $70.547, and the minimum value is $47.972. The AVAX price prediction for the end of the month is $56.438.

The Avalanche price is likely to hit $58.461 by the beginning of December 2021. The expected maximum price is $73.077, and the minimum cost is $49.692. The AVAX price prediction for the end of the month is $58.461.

TradingBeasts AVAX Price Prediction

Source: TradingBeasts (Avalanche Predictions for 2021)

The conservative platform thinks that the AVAX price is going to decrease in 2021. As such, by the end of 2021, the average Avalanche price is expected to be $59.679. However, according to the platform, the Avalanche price is going to increase in 2022. Currently, the Avalanche price is $69.140, but by the end of 2022, the average Avalanche price can be $84.849. Then, in the long run, the Avalanche price is going to go up.

Gov. Capital AVAX Price Prediction

In the opinion of the Gov. Capital platform, Avalanche will not slow down anytime soon. Their AVAX price prediction is quite bullish, predicting that the crypto will reach $103 by the end of the year. According to their forecast, after a minor dip in January 2022, Avalanche will continue its explosive growth, surpassing the $150 milestone by March 2022. In terms of long-term forecasts for AVAX, the forecasting platform claims that AVAX may be trading for $550 by September 2024 and $1350 by the end of September 2026.

Gov. Capital AVAX Price Prediction

Source: Gov. Capital (one-year Avalanche price prediction)

Gov. Capital AVAX Price Prediction

Long-term AVAX Price Prediction

ELEVENEWS AVAX Price Prediction

As reported on the website, Avax price prediction is bullish, and the coin can reach $76.04 by the end of 2021. If this trend continues in the coming year, the AVAX price prediction will be $120 by the end of 2022. Moreover, the growth is expected to accelerate in 2022, meaning that the price could hit $150. However, this rise will slow down, but there should not be any significant falls. With upcoming partnership, and developments hitting $120 is quite optimistic on the price front but possible soon.

Their predicted price for 2023 is $200. Also, with the recent updates, developments, and crypto forecasts of the AVAX platform, AVAX investors could expect many partnerships and collaborations in 2024. This positive outlook and investors’ increasing interest will raise the price of AVAX in the crypto market, and it will be the best investment as the price can surge and reach about $350 in 2024. In the next five years, AVAX price prediction might come to $450. This highly optimistic forecast indicates that AVAX has a high potential of reaching a new ATH soon in the next five years.

Crypto Academy AVAX Price Prediction

According to the platform, the year 2021 has been crazy for Avalanche. They believe that Avalanche is likely to experience a slight drawback in its price in October, followed by another bull run which may lead to AVAX setting another all-time high by possibly exceeding the price of $155.

According to their predictions, Avalanche might continue to grow even further, reaching a maximum price of $200 by February 2022. They believe that after Avalanche hits the price of $220, it is likely to drop to $170 within weeks. By the end of the year, Avalanche may recover, with a cost between $180 and $195.

In 2023, AVAX will most likely see more minor price fluctuations. Hence, Avalanche may enter the year with a trading value of $190 and close it with a price of $240. By the end of 2025, they believe that AVAX might be trading at $610 per coin.

Coin Bureau

One of the most prominent cryptocurrency YouTubers, Coin Bureau, in one of his most extensive Avalanche videos released in January 2021, claimed that AVAX could be aiming for the $100 milestone by the end of the year and possibly breaking records. We will have to wait and see how accurate this AVAX price prediction is.

Conclusion

On the whole, the long-term AVAX price prediction is bullish. Most crypto experts and analysts think that the coin has a high chance of reaching new heights. Then, AVAX seems to have a great future ahead. Also, AVAX has been among the best performers in the past two months. Moreover, it has a solid infrastructure, supporting Smart Contracts, providing higher decentralization, security, scalability, and cutting-edge developments. All such forces will bring Avalanche to the forefront of the emerging DeFi space.

Nevertheless, the crypto market is highly volatile, and nothing is ever for sure. So if you do decide to invest in AVAX, make sure to research well and only invest an amount that you are willing to lose.

One response to “AVAX Price Prediction: Is AVAX a Good Investment?”

  1. Herve Fodouop says:

    Good to know

Leave a Reply

Your email address will not be published.