Avalanche price prediction 2024-2030: Time to buy AVAX?

Key takeaways:

• Our Avalanche price prediction anticipates a high of $30.54 by the end of 2024.
• In 2025, it will range between $37.73 and $46.60, with an average price of $39.11.
• In 2030, it will range between $244.11 and $310.02, with an average price of $253.26.

AVAX exhibited wild price swings in 2024. This record came as the crypto market valuation peaked this year. It later reversed, shedding all profits made earlier in the year.

While the Avalanche ecosystem has been making strides, AVAX has particularly left investors questioning its trajectory. Will AVAX go up? Is AVAX a good investment? Let’s explore these and more in our Cryptopolitan price prediction from 2024 to 2030.

Overview

Avalanche price prediction: Technical analysis

Avalanche price analysis

As of September 28, ALGO’s price had dropped by 2.48% over the past 24 hours. The cryptocurrency has a market capitalization of $11.95 million and a trading volume of $292.61 million, which has dropped by 34.50%.

Algorand’s bearish signals

Algorand’s total value locked (TVL) has gradually dropped since March and now stands at $76.05 million. TVL is the amount of funds locked up by an ecosystem’s decentralized applications. A TVL drop suggests that users withdraw their assets from the protocol as interest wanes.

On the contrary, the protocol’s stablecoin market cap rose over the same period from a low of $109.91 million to $110.38 million at press time. The statistics point to growing user interest in the protocol’s stablecoin market, which provides stability in a highly volatile market.

Open interest and active positions in the derivative market have declined alongside the price over the last five months. When both drop, they signal that traders with long positions exit the market. This often occurs in bearish markets, indicating a lack of new money entering the market and a potential bearish continuation.

ALGO/USD 1-day chart analysis

The daily ALGO chart highlights its drop from the second quarter of 2024 after it reached a high of $0.26. At first, the drop was drastic, then slowed from May and began recovering in September. The William Alligator trendlines are opening up as ALGO volatility rises. The relative strength index is 60.26 in neutral territory, while the MACD indicators show positive market momentum has slowed in the last 24 hours.

Avalanche technical analysis: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA)

What to expect from AVAX price analysis next?

The combination of technical indicators and chart analysis suggests that Avalanche is neutral and currently gearing up for a closer move to $28. 

Moreover, the William Alligator trendlines, which measure volatility, are widening, indicating rising price movement.

Is AVAX a good investment?

AVAX’s impressive performance in the first quarter of 2024 reversed in the second quarter; looking ahead, it will rise from the current lows as it corrects. Explore Cryptopolitan’s price prediction to learn about the coin’s trajectory from 2024 to 2030.

Why is AVAX down?

AVAX is trading at its lowest this year; the crypto market capitalization has also dropped significantly. The drop in Avax value could be attributed to the general market sentiment. 

Will AVAX recover?

The Avalanche blockchain registered high activity, with its TVL reaching $868 million. This factor suggests a recovery when market sentiment changes. 

Will AVAX reach $50?

According to the Cryptopolitan price prediction, AVAX will cross the $50 mark in 2026. Changelly and Digitalcoinprice platforms share this sentiment.

Will AVAX reach $100?

According to the Cryptopolitan price prediction, AVAX will reach $100 in 2028, with a maximum price of $144.43 for the year.

Will AVAX reach $1,000?

It remains highly unlikely that AVAX will cross the $1,000 mark before 2030. At that market capitalization, it could be more valuable than Ethereum.

Does Avalanche have a good long-term future?

According to Cryptopolitan price predictions, AVAX will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory.

Recent news

California’s Department of Motor Vehicles (DMV) has digitized 42 million car titles on the Avalanche (AVAX) network. This initiative, in collaboration with software development firm Oxhead Alpha, is part of a modernization effort to streamline the state’s title transfer process.

AVAX price prediction September 2024

For August, AVAX will trade between $20.00 and $29.42, with an average price of $20.95.

Avalanche price prediction 2024

As the second half of 2024 unfolds, we anticipate it will trade between $20.00 and $30.54, with an average price of $20.84.

Avalanche price predictions 2025 – 2030

Avalanche price prediction 2025

The Avalanche price prediction for 2025 is a high of $42.12. It will reach a minimum price of $34.80 and an expected average trading price of $36.06.

Avalanche price prediction 2026

The Avalanche price forecast shows it will range between $50.08 and $61.00, with an average price of $51.89

AVAX price prediction 2027

Avalanche price prediction climbs even higher into 2027. According to the predictions, it will range between $69.04 and $86.37, with an average price of $71.12.

Avalanche crypto price prediction 2028

Our Avalanche price prediction indicates a further acceleration in the price. It will trade between $102.51 and $120.08 and have an average of $105.35.

Avalanche price prediction 2029

According to the AVAX coin price prediction for 2029, the price of AVAX will range from a minimum price of $151.87 to a maximum price of $174.67. The average price will be $182.98.

Avalanche price prediction 2030

According to the Avalanche price prediction for 2030, AVAX price will range from $211.91 to $265.94, with an average price of $218.16.

Avalanche market price prediction: Analysts AVAX price forecast

Cryptopolitan’s Avalanche price prediction

Our predictions show that Avalanche will achieve a high level of $30.54 in 2024. In 2025, it will range between $37.73 and $46.60, with an average price of $39.11. In 2030, it will range between $244.11 and $310.02, with an average of $253.26. Note the predictions are not investment advice. Seek independent consultation or do your research.

Avalanche historic price sentiment

• In Jul 2020, Avalanche completed its public sale, raising $42 million in less than $4.5 hours. The tokens were distributed after the mainnet launch in September. 
• On Dec 31, 2020, it fell to an all-time low of $2.788.
• In September 2021, the Ava Labs Foundation received a $230 million investment from Polychain and Three Arrows Capital Group by purchasing the AVAX cryptocurrency.
• In November 2021, following an agreement with Deloitte to improve US disaster relief funding, AVAX moved to the top 10 cryptocurrencies by market capitalization. At that time, AVAX moved to its all-time high at $146.22.
• In Aug 2022, whistleblower ‘crypto leaks’ published a report accusing Ava labs of secret deals with a law firm to destabilize its competitors. Ava Labs CEO Emin Gün Sirer denied any dirty deal with Roche Freedmen law firm.
• In 2023, AVAX maintained a bullish trend between January and May, after which bears overwhelmed the market. It resumed the positive momentum in October, rising to $49.96
• In 2024, it crossed the $60 mark in March.
• The rise coincided with a record high in AVAX inscriptions, with over 100 million ASC-20 minted since their introduction in June 2023.
• The uptrend reversed in April 2024; by July, it had fallen to $24.40. In August, it was at $21, and remained in an horizontal channel into September.