Avalanche Price Prediction 2022-2026-Will AVAX Price Hit $100 by the end of 2022?
The Avalanche blockchain can be used to launch decentralized applications (Dapps) and customed blockchain networks. Its mainnet was launched in 2020 with some Ethereum projects like TrueUSD and Sushiswap already integrated into it.
AVAX has a total supply of 395,891,290 AVAX. The native token AVAX can be traded in top cryptocurrency exchanges like Binance, Coinbase, Kucoin, Gate.io, Kraken, and others.
What is Avalanche (AVAX)?
AVAX is the Coin used for transactions within the Avalanche blockchain. The blockchain has three components which are X-chain, C-Chain, and P-chain.
Avalanche consensus mechanism uses the acyclic graph (DAG) protocol which ensures that nodes process and validate transactions before it is completed. It was developed by the AVAX Lab after it received $42 million in its initial coin offering (ICO) from investors in less than 24 hours in 2020 though its seed fund was closed in February 2019.
Uses for a stake in the Avalanche network stakes a minimum of 2,000 AVAX for at least two weeks with annual return of 11.57%.
Let’s see the AVAX price prediction for the coming years.
Price Analysis of Avalanche (AVAX)
Flashback: Fundamental Analysis of AVAX
There was a recent news report that the staking within the Avalanche network has exceeded 50%. This helps to build the trust of investors that the majority of the holders are long-term investors. With the concentration of about 64.5% of the node validators in the United States, there is hope that the number would rise in the future since most of them are using Amazon Cloud Services.
Moreover, AVAX Labs had provided a seed fund worth $290 million for developers who wants to launch their projects in the Avalanche blockchain in the areas of non-fungible tokens (NFTs), gaming, and decentralized finance (Defi). This fund will ensure that the best projects are attracted which will directly impact the adoption of the native token AVAX.
Also, the listing of AVAX in Europe’s largest exchange BitStamp recently will add to the trading volume together with the integration of the token to Wirex digital payment platform that supports 62 fiat currencies at present and has around 4.5 million users. These developments will increase the trading volume of the coin, which can be seen that having risen by about 46% in the past 24 hours according to CoinMarketCap at the time of writing.
Now, let’s see what charts are saying about AVAX price analysis.
https://www.tradingview.com/x/HrQWZ5nl/
The link above shows the key levels for AVAX. If the present bullish last candlestick is maintained in days to come, the price of AVAX might rise break the $80.67 support1 level, and move to at least $96.58 at resistance1 level before reversing.
https://www.tradingview.com/x/ShwpZsri/
The relative strength index of AVAX is 44.18 from the link above. This means that the present trend of AVAX is neutral since it lies between 30 and 50 and the price might consolidate for some time before surging.
https://www.tradingview.com/x/TlqAIEWe/
From the link above, though the 200-MA is above the 100-MA, it is important to watch the curve in recent days so as to predict the future performance of the Avalanche (AVAX) token in the coming days.
The section below outlines the AVAX Coin price prediction for the next five years.
Avalanche (AVAX) Price Prediction 2022
The price of AVAX might get to a minimum value of $72, $80, $82, and $100 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2022 respectively.
Avalanche (AVAX) Price Prediction 2023
The price of AVAX might get to a minimum value of $112, $120, $140, and $155 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023 respectively.
Avalanche (AVAX) Price Prediction 2024
The price of AVAX might get to a minimum value of $160, $180, $200, and $300 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024 respectively.
Avalanche (AVAX) Price Prediction 2025
The price of AVAX might get to a minimum value of $330, $350, $400, and $450 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025 respectively.
Avalanche (AVAX) Price Prediction 2026
The price of AVAX might get to a minimum value of $500, $580, $610, and $700 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026 respectively.
AVAX Price Prediction: Market Sentiment
AVAX price prediction from well-known media platforms is explained in the second below:
Wallet Investors
According to Wallet Investors, the price of AVAX will be $184 by February 2023 and $594 by February 2027.
PricePredictions
According to PricePredictions, the price of AVAX will be $109.7 by the end of 2022 and $1909.51 by the end of 2030.
DigitalCoins
According to DigitalCoins, the price of AVAX will be $102.84 in 2022 and $359 by 2030.
Our Avalanche Price Predictions
With the recent listing of AVAX in top exchanges and the possible growth in the number of digital payment platforms that would integrate AVAX payment, the price of AVAX might reach $700 by the end of 2026.
Conclusion
From the fundamental analysis and the market sentiment around Avalanche, we can deduce that all analyses are of the opinion that AVAX would be bullish in the future which will be rewarding for long-term investors.