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Avalanche, a proof-of-stake blockchain for smart contracts, has recorded significant growth in the cryptocurrency space. Recent data from DappRadar shows that the platform has registered more than 250 active applications powered by its native AVAX token. It has remained subdued due to the macro-economic factor affecting the crypto space.
If looking for this crypto price prediction for 2022-2025, look no further. We will look at the current pricing to see what to expect from the future price changes.
What is Avalanche?
It is an open-source blockchain platform for launching decentralized applications and building enterprise-scale blockchains. The network uses proof-of-stake consensus with validators to secure the network. Avalanche consists of multiple chains where some implement core functions and others are customized to the network applications. Validators staking AVAX tokens on Avalanche’s central platforms manage the non-core avalanche chains called subnets.
Avalanche’s primary chain consists of:
- Platform chain
- Contract chain
- Exchange chain
X-Chain manages the creation of new digital assets and the transfer of tokens between core blockchains and the various subnets. C-Chain supports the execution of solidity-based applications, while P-Chain is the base staking platform managing validators.
Avalanche was initially introduced in 2018 by a pseudonymous group of developers called Team Rocket. Researchers from Cornell University later picked up the project. After the research stage, Ava Labs was founded by Emin Gün Sirer to advance the network in line with the complex financial sector requirements. Ava codebase was then made open-source and available to the public in 2020. Major Avalanche backers include Three Arrows Capital, Andreessen Horowitz, Galaxy Digital, Polychain Capital, and AU21 Capital.
Avalanche: should you invest in AVAX today?
This crypto is not a suitable investment opportunity for quick gains. The daily price outlook shows some indecision in the market and bearish momentum. AVAX is trading above the $65 support level but shows a weak momentum to the upside.
The Relative Strength Index is at 45, demonstrating some indecision among traders. The Bollinger Bands shows that the token is oversold, and a price reversal could be imminent. However, with the choppy market trend, the market may wait longer before a bull run can be seen.
Avalanche price forecast & prediction 2022-2025 (daily chart)
Will AVAX reach 200 USD in 2022?
- Our in-depth price forecast puts crypto at a maximum price of $142.18 in 2022. The tokens can still rise as high as $157.98 based on the strong fundamental and technical aspects. On average, AVAX will trade at about $82 throughout the period.
- In 2023, tokens will rise to a maximum price of $197.5. The token could still surge as high as $213.27 and trade at an average price of about $120 throughout the year.
- The crypto price is predicted to reach a maximum level of $235.98 in 2024. A minimum price increase of up to $215 is possible. Throughout the year, the crypto could trade at an average price of $169.
- The 2025 price predictions put the crypto at the peak of $362 at a minimum level. The token can still rise to $420, with the average trading price expected to be around $320.
AVAX past price analysis
It is ranked by CoinMarketCap as the tenth most valuable cryptocurrency, with a market capitalization of $21.5 billion. There are currently 268,282,613.31 circulating AVAX tokens from a supply cap of 720,000,000 tokens. Three hundred sixty million tokens were minted during the mainnet launch, out of which 64.7% was set for premined rewards and airdrops, 16% for investors, and 19.3% for founders and project development.
The minted tokens were sold through public and private sales. The remaining tokens were set aside for staking rewards to be distributed throughout the preceding decades.
AVAX is currently trading at $78.99 after a 3.86% price increase from the latest price analysis. The token has been equally up 2.63% in the past week. In the past month, AVAX has dipped 8.15% since trading at $86.
The digital asset has been down 6.42% in the past three months. However, AVAX has jumped by 185% in the past year. From the all-time price chart, AVAX is trading 41.07% down since trading at an all-time high price of $134.53 in November 2021.
Avalanche price forecast & prediction 2022-2025 (all-time price chart)
Want to buy AVAX?
AVAX is listed on Binance, Coinbase Exchange, Gate.io, KuCoin, and FTX. The token is available against USDT, USD, and BUSD. If you wish to buy AVAX on Coinbase, follow the simple steps below:
Step 1. Register an account with Coinbase by downloading the Coinbase application. The process may require an ID and proof of address.
Step 2. Add payment methods, including a bank account, wire, or debit card.
Step 3. Select buy from a list of token options.
Step 4. Select AVAX in the search engine and click on the option to access the purchase screen.
Step 5. Enter the amount to purchase in your local currency, and the app will automatically convert it into the AVAX equivalent.
Step 6. Finish the purchase after confirming the input details.
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