Connect with us

Avalanche (AVAX)

Avalanche Price Prediction – Will AVAX Price Hit $100 in 2021?



  • Bullish Avalanche price prediction ranges from $65.12 to $76.04.
  • The Avalanche price might also reach $100 soon.
  • Avalanche’s bearish market price prediction for 2021 is $48.61.

This Avalanche (AVAX) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our Avalanche (AVAX) price analysis and prediction.

Over the past few days, the crypto market looks to be recovering fast. Moreover, after the dip in the past two months, the crypto market either remains stable or surges steadily. At present, it looks like the crypto-asset industry will surge high again.

Will Avalanche (AVAX) experience the same price volatility? We’ll find out soon in this Avalanche (AVAX) price analysis 2021 article. But first, let’s have a look at what Avalanche (AVAX) is.

What Is Avalanche (AVAX)?

Avalanche is the quickest smart contracts crypto platform in the blockchain industry. The platform has the most validators that secures its activity of any proof-of-stake protocol. Moreover, Avalanche is blazingly fast, low cost, and green platform. More so, any smart contract based application could outperform its competition on Avalanche.


On September 21, 2021, Avalanche launched its mainnet. Since then, the platform has been developed to secure more than 200 individual projects, over $14 million AVAX burned, more than 1,000 individual block-offering validators, and more than 600 community members over the globe.

Now that we have an idea about Avalanche, do you think AVAX will be profitable crypto in 2021? Join me, and together let us check the charts in this AVAX price analysis and AVAX price prediction.

Avalanche (AVAX) Current Market Status

When writing this Avalanche price analysis, AVAX trades at $63.88 with a 24-hour trading volume of $2,785,318,959. The price of AVAX has increased by 5.42% in the last 24 hours.


Furthermore, AVAX has a current circulating supply of 220,286,577.21 AVAX. Currently, the top digital asset trading platforms for AVAX are Binance, OKEx, Huobi Global, ZT and CoinTiger.

Now, let’s move to the next part of this AVAX technical analysis for 2021.

Avalanche (AVAX) Price Analysis 2021

Recently, AVAX took the 11th position on CoinMarketCap. But will the recent developments, upgrades, and changes in the blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this AVAX price prediction article.

AVAX/USDT chart showing Ascending Channel pattern
AVAX/USDT chart showing Ascending Channel pattern (Source: TradingView)

Based on the chart above, AVAX positions itself along with the raging bulls. Today, AVAX trades at a high price of $63.88. In addition, we can see that AVAX recently performed an Ascending Channel pattern. An ascending channel is the price action that occurs in an upward direction through a rising parallel line.

More so, the chart shows the Higher Highs and Higher Lows form this price pattern. In addition, this pattern represents a short-term bullish.

In other words, AVAX is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with AVAX.

Conversely, if the bulls turn against crypto, the price of AVAX might fall. In short, AVAX might break out from its uptrend position and nosedive to a bearish price. Indeed, this price level is not a good picture in the eyes of the investors.

Avalanche Relative Strength Index
Avalanche Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is at 60.7, which means that AVAX is in an overbought state. Moreover, this indicates that crypto traders and investors need to trade carefully, however, this pushes crypto investors to worry about any major price reversal.

Furthermore, crypto traders must trade cautiously and must not be affected by the cryptocurrency market hype. With this in mind, cryptocurrency traders must be careful to avoid unexpected losses due to the crypto market’s wild swings.

Let us also look at the Exponential Moving Average (EMA) and the Simple Moving Average (SMA) of Avalanche.

Avalanche 30-day SMA and 50-day EMA
Avalanche 30-day SMA and 50-day EMA (Source: TradingView)

Since the start of 2021, AVAX’s price has seen many bullish moves, which are higher than the previous one. More so, these are followed by consolidation, fluctuations, and corrections right away. Taking this into consideration, AVAX has a competitive market this 2021.

Avalanche (AVAX) Price Prediction 2021

The chart below shows that AVAX has performed great over the past few days. Moreover, the AVAX price shows a bullish trend. If this trend continues, AVAX might run along with the bulls, overtaking its $65.12 resistance level and move even higher to $76.04.

AVAX/USDT Price Prediction Chart
AVAX/USDT Price Prediction Chart (Source: TradingView)

Conversely, if the investors turn against the crypto, the bears might take over and push AVAX from its uptrend position. In simpler terms, the price of AVAX might decrease to almost $48.61, a bearish signal.

Meanwhile, our long-term AVAX price prediction 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many previous psychological resistances.

Avalanche (AVAX) Price Prediction 2022

If this bullish trend continues, AVAX will reach $120 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $150. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $120 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Avalanche (AVAX) Price Prediction 2023

If AVAX holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $200, making it not plummet but play consistently.


Avalanche (AVAX) Price Prediction 2024

As per the latest upgrades, developments, AVAX price prediction, and new project forecasts of the platform, AVAX investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of AVAX in the crypto market, and it will be the best investment as the price can spike and reach around $350.

Avalanche (AVAX) Price Prediction 2025

In the next four years, AVAX prices could race up to $450. However, reaching this level could not be so difficult for AVAX as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that AVAX has a high possibility of reaching a new ATH soon in the next five years as per the prediction.


AVAX seems to have a great future ahead in 2021. With the ongoing developments happening within the AVAX ecosystem and the overall crypto market, we may see AVAX reach new heights.


Meanwhile, our long-term AVAX price prediction 2021 is bullish. Even more, the bullish AVAX has a high possibility of reaching $76.04. However, that will only happen if it breaks the past psychological resistance. It may even reach $100 if investors continue to side with AVAX this year along with the mainstream cryptocurrencies like Bitcoin and Ethereum.


What is AVAX?

Avalanche is the quickest smart contracts crypto platform in the blockchain industry. The platform has the most validators that secures its activity of any proof-of-stake protocol. Its native asset is AVAX.How to Buy AVAX Tokens?


Avalanche’s native asset AVAX is a good investment in 2021. Users can obtain AVAX tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, Huobi Global, and FTX.Is AVAX a good investment in 2021?

AVAX is one of the good investment to make in 2021. AVAX has a high possibility of surpassing its current ATH at about $78.70 this year.Can AVAX reach $100 soon?

Yes, it’s very much possible that AVAX might reach $100 in the near future as per the current bullish trend.What will be the Avalanche price by 2022?


Avalanche (AVAX) price is expected to reach $150 by 2022.What will be the Avalanche price by 2023?

Avalanche (AVAX) price is expected to reach $200 by 2023.What will be the Avalanche price by 2024?

Avalanche (AVAX) price is expected to reach $350 by 2024.What will be the Avalanche price by 2025?


Avalanche (AVAX) price is expected to reach $450 by 2025.

News Source


Avalanche (AVAX)

AVAX network TVL crossed $11.5 billion as Growth DeFi protocol partners with Trader Joe



  • Growth DeFi protocol has partnered with Avalanche’s largest decentralized exchange to drive higher trade volume. 
  • Avalanche ecosystem’s launchpad is preparing for upcoming initial DEX offerings.
  • DeFi lending and borrowing have intensified on Avalanche, boosting the on-chain activity of AVAX tokens. 

Avalanche network on-chain activity is set to explode with new partnerships in the ecosystem. The $180 million incentive program has attracted decentralized applications to the AVAX network. 

Avalanche competes with the Ethereum-killers for higher DeFi market share

Avalanche network, the leading smart contracts platform, currently has a TVL of over $11 billion. Users prefer fast transaction processing with low transaction costs; the AVAX network has emerged as a top choice among traders in DeFi. 

Traders new to the DeFi network, seeking lending and borrowing capital protocols, have turned to Avalanche. The network offers swapping, farming, lending, and borrowing facilities in a single application, allowing traders to borrow up to 80% on USDT and 75% on BTC, ETH, and AVAX. 

The smart contract platform’s largest decentralized exchange, Trader Joe, generates an aggregate of $440,000 in trading revenue per day, of which $73,000 hits the protocol’s treasury. 

Trader Joe daily aggregate trading revenue.

Trader Joe daily aggregate trading revenue. 

The DEX recently partnered with Growth DeFi protocol, which plans cross-chain integration with the Avalanche blockchain network. Through the new partnership, the protocol will be able to offer multi-chain capabilities and generate higher liquidity. 

The network is hosting decentralized applications joining the AVAX ecosystem for the $180 million incentives program, and the ecosystem is preparing for upcoming initial DEX offerings. 

Avalanche announced the launch of Stake DAO and the allocation of $3 million in incentives to the DeFi project. 


News Source

Continue Reading

Avalanche (AVAX)

Avalanche (AVAX) is the Son Goku fighting against Freezer vs. Super Saiyajin Goku



Avalanche is the only network with new tech that gets rid of the problems of Classical Consensus and Nakamoto Consensus.

When someone asked explain Avalanche like I’m five, Twitter Handle Avalunch opined, it is the Son Goku fighting against Freezer vs. Super Saiyajin Goku against Freezer. Much faster and efficient. The number of his opponents are irrelevant scaling.

For clarity, Son Goku is a fictional character and main protagonist of the Dragon Ball Manga series created by Akira Toriyama. Manga — Dragon Ball is a Japanese media franchise created by Akira Toriyama in 1984.


The story follows the adventures of Son Goku, from childhood to adulthood, as he trains in martial arts and explores the world in search of the Dragon Balls, seven magical orbs which summon a wish-granting dragon when gathered. Along his journey, Goku makes several friends and battles villains, many of whom also seek the Dragon Balls.

Community response:  I very basically understood how the principles of the tech stack ushered in an entirely new paradigm in crypto. It meets the needs of the next ‘mainstreaming era’. A must-own digital asset.

Jokes aside. It would be very beneficial in my opinion to actually see some legit L1 comparisons so we demonstrate AVAX’s superiority.


Emin Gun Sirer opined: “Working with governments and large foundations is critical to continue to bring blockchain tech to mainstream institutions. The Avalanche Foundation is looking forward to helping the UK develop innovative and competitive digital currency solutions.”

Emin stated this in response to a news which read, “A group of crypto advocates and firms are forming a new coalition to push the United Kingdom to issue a central bank digital currency (CBDC)”

The Digital Pound Foundation have announced their launch and they are focusing on supporting “the implementation of a well-designed digital Pound and digital money ecosystem.” The member firms in the process consist of Accenture, Avalanche, Billon Group, CGI Group, Electroneum, Quant and Ripple.


Community:  Why are you pushing for the further centralization of power? Why not choose the path of separation of money and state?

Aren’t CBDCs largely against the ethos of crypto i.e. against centralized power?

It is perfectly normal for every clear-headed state to take advice about blockchain from Avalanche.


Have they given an indication of timescale when we could expect I central-bank digital currency? You guys are doing great work.

I think before issuing their own CBDCs they can buy large amounts of AVAX and use that for test purpose. Then they will ban every crypto that is not under control.

News Source


Continue Reading

Avalanche (AVAX)

Avalanche Price Analysis: AVAX rallies back to $58-$59 previous support, reversal to follow?



  • Avalanche price analysis is bearish today.
  • AVAX/USD rallied back to previous support.
  • Bearish momentum is likely to reverse Avalanche today.

Avalanche price analysis is bearish today as strong previous support has been reached after a strong rally earlier today. Therefore, we expect AVAX/USD to reverse and continue lower later today along with the overall bearish momentum.

Avalanche Price Analysis: AVAX rallies back to $58-$59 previous support, reversal to follow? 1
Cryptocurrency heat map. Source: Coin360

The overall market traded in the green over the last 24 hours with Bitcoin up by 4.78 percent. Meanwhile, Ethereum is up by 8 percent, while Polkadot (DOT) leads the market with a gain of almost 18 percent.

Avalanche price movement in the last 24 hours: Avalanche looking to retest previous support at $59 as resistance

AVAX/USD traded in a range of $53.33 – $58.19, indicating substantial volatility over the last 24 hours. Trading volume has declined by 22.4 percent and totals $560.9 million, while the total market cap trades around $12.72 billion, ranking the coin in 14th place overall.

AVAX/USD 4-hour chart: AVAX to reverse today?

On the 4-hour chart, we can see Avalanche price action approaching a strong resistance area, likely resulting in a reversal later today.

Avalanche Price Analysis: AVAX rallies back to $58-$59 previous support, reversal to follow?
AVAX/USD 4-hour chart. Source: TradingView

Avalanche price action has seen bearish momentum return so far in October after a strong increase over the second half of September. Over the past two weeks, several lower lows and highs have been set, leading AVAX/USD to the $51 current low.

Currently, Avalanche retraces higher as bulls look to set another higher low. Likely resistance will be found at the previous support at $59, and another push lower will follow.


Alternatively, if AVAX/USD breaks above the resistance, we could see a further upside, indicating that a major reversal to the upside might be in play later this week. However, until then, we remain bearish for the Avalanche price and expect it to decline to the $50 mark next.

Avalanche Price Analysis: Conclusion 

Avalanche price analysis is bearish today as a strong resistance area was reached over the last 24 hours. Therefore, AVAX/USD will likely reverse over the next 24 hours and look to test the $50 support next.

While waiting for Avalanche to move further, read our guides on the Best NFT marketplaces, NFT history and development, as well as NFT Music.


News Source

Continue Reading