Avalanche Fundamental Analysis
Avalanche (AVAX) is a token powering Avalanche platform, which supports smart contracts and allows blockchain developers to build DeFi apps on top of the network. Avalanche was made by Ava Labs, headed by a team of Bitcoin early adopters and computer scientists.
Avalanche is a crypto project standing on the shoulders of giants: it combines important features from both Bitcoin and Ethereum. For example, AVAX token supply has a hard cap, transactions are written on the blockchain as UTXO, and there’s SegWit support — just like on the Bitcoin network. On the other hand, Avalanche’s main purpose is smart contract execution, which is the area dominated by Ethereum.
Avalanche’s advantage compared to both Bitcoin and Ethereum is a unique BFT consensus protocol. It facilitates transaction finalization times of less than a second, with the network throughput of 4,500+ transactions per second. This is an obvious step forward in solving the scalability problem plaguing the crypto giants. It’s also why Avalanche has already attracted many dApp developers who are building their applications on the network.
AVAX token is used by validators to secure the network by staking; their rewards are also paid out in AVAX. It also serves as a currency and as a main account unit within the Avalanche ecosystem, utilizing atomic swaps.
Avalanche Price Chart
Avalanche has reaped the benefits of the crypto bull market during the winter and spring of 2021. Launched just in September 2020, by February 2021, AVAX’s price reached $59.94, which is still its all-time high as of August 2021. After hitting this peak, the token has been trading between ~$22 and ~$38 until mid-May, when the price went down with the whole crypto market.
Avalanche’s price has stayed below $15 for most of the summer, but in August 2021, AVAX’s price exploded again, going up to ~$45-$55. This was probably caused by several factors: Avalanche revamped some of their features improving UX, added some key features like oracles, and rolled out an incentive program. Those developments have allowed some experts to make positive AVAX (Avalanche) predictions for the future.
Avalanche Technical Analysis
In August 2021, AVAX surprised many traders with how strong the uptrend has been for this coin. Just as it seemed that there was a cup-and-handle pattern forming around August 20th, the price shot up right past the resistance at ~$40, which it couldn’t break several times before. While cup-and-handle would be a bullish pattern too, the way it unfolded in reality undoubtedly made bulls even more hopeful.
Close to the end of the month, the price went through a correction, going back down to the same ~$40 level. This time, however, it turned into a support line: AVAX price has bounced off of it, and at the time of writing, has been going up again. So, at least at the end of summer 2021, it feels like Avalanche price forecasts predicting great returns are right.
Avalanche Price Prediction
Below we have collected the most reliable price projections for Avalanche (AVAX) from popular forecast platforms.
#1. WalletInvestor AVAX Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Avalanche price will grow from $36.07 to $73.789 in one year. That makes AVAX an awesome investment. The long-term earning potential is 104.57%. Predicted price for the end of 2026 is $176.052.
#2. TradingBeasts AVAX Price Prediction for 2022
Answering the question about if Avalanche is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $32.844 with a growth to $41.645 by the end of 2022.
#3. LongForecast AVAX Price prediction for 2021–2022
In 2021, the average Avalanche price will go down to $31.72875. In 2022, Avalanche’s price will drop significantly to an average of $29.3991667.
Summary
As it can be clear from the analysis cited above, Avalanche (AVAX) projections are rather contradictory. There is no universal consensus either about positive or negative future AVAX price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Avalanche projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
FAQ
Is Avalanche cryptocurrency a better investment than Bitcoin?
Yes and no — Avalanche cryptocurrency may be a better investment than Bitcoin for you, depending on what you’re looking for. Since Bitcoin is older and more established, it’s probably safer to put your money in it. On the other hand, if you can tolerate risk well enough, you may gain more with Avalanche. For example, there are Avalanche price predictions for 2025 that forecast AVAX price growing more than 3x. To gauge your risk tolerance, do your research, and don’t forget to check Bitcoin and Avalanche predictions before investing.
What is Avalanche (AVAX)?
Avalanche (AVAX) is a native token of the Avalanche platform — a blockchain project for the developers to build their dApps on. Unlike Ethereum, which is better known for this, Avalanche boasts sub-second transaction finality. As Avalanche gained popularity in the late summer of 2021, AVAX became the hot new currency. Now many AVAX price predictions for 2021 saying it will reach and hold above $50 for the foreseeable future.
Will Avalanche cryptocurrency get to $100?
Yes, Avalanche cryptocurrency will get to $100, in quite a few experts’ opinions. Some Avalanche crypto price predictions say it might get close to $100 in just a couple of years. Other analysts put those numbers in their AVAX coin price predictions for 2025 or thereabouts.
What is an Avalanche coin?
Avalanche coin is a cryptocurrency issued by Avalanche project — a platform for dApp developers. Avalanche coin, or AVAX, is the universal currency of the platform, used for swapping assets between Avalanche-based crypto projects and as a payment method like any other coin. AVAX is also a good investment, with its price soaring during August 2021 and Avalanche coin price predictions being overwhelmingly positive.
Is Avalanche (AVAX) the next big thing? Will it enter the top 10 in 2021?
Yes, it may well turn out that Avalanche (AVAX) is the next big thing. This project combines the strengths of both Bitcoin and Ethereum, while also boasting 51% attack-resistant security and very fast confirmation times. As for the top-10 — it broke into top-20 seemingly with little effort; considering Avalanche price predictions for 2021, its circulating supply, and other prominent coins’ market cap, top-10 looks quite possible in the near future.
Is Avalanche coin a good investment?
Yes, the Avalanche coin is a good investment, say many analysts. Avalanche turned into the market darling in the late summer of 2021, when its ecosystem has ramped up, and the project caught people’s attention. Since then, the price of AVAX, the native token of the project, has seen a meteoric rise. So, Avalanche (AVAX) price predictions today are pointing to this coin being a great investment.
How can I buy AVAX?
AVAX is available on many major exchanges — for example, Binance, Huobi, and BitPanda (this list is probably going to keep growing since AVAX coin predictions are so good right now). Such exchanges are especially great for buying crypto with fiat. If you’d like to buy AVAX with crypto on a non-custodial exchange with no hassle, you should try SwapSpace.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
About SwapSpace
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 450 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.
Passionate about crypto and want to get more news and price predictions daily? Join SwapSpace’s blog!
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