Avalanche (AVAX) is bringing about a massive revolution in the crypto space. It provides users with many same capabilities as Ethereum but at a considerably faster rate. Should you buy AVAX and join the Avalanche Network? What is AVAX price prediction for the coming years? Read on to find out.
What is the Avalanche Network?
Avalanche is a blockchain network that aims to solve issues of scalability, decentralization, and security. It uses Proof of Stake (POS) consensus that pays users when they stake currency. Moreover, Avalanche supports smart contracts to run dApps on the network and provides an interoperable system by integrating different DeFi ecosystems. These include Curve and Aave.
Avalanche can do everything other blockchains can do but at a much faster speed, high security, and less expense. If we look at the gas fees on Ethereum, the more we pay, the faster a transaction is processed. However, In Avalanche Blockchain, the gas price is fixed, and the transaction cost is burned instead of going to the transaction validator. This factor gives no edge to high-paying investors or users.
AVAX Price Prediction and History
AVAX is the native cryptocurrency of Avalanche Network. It is a top pick and choice of traders, as investors have found reliability factors embedded in AVAX. AVAX functions as a reward and payment system for its users.
Please enter Coingecko Free Api Key to get this plugin worksAVAX Price Prediction 2023-2030
The price of any cryptocurrency is subject to the performance of its platform, its developments, and the entire crypto market status. Therefore, it is almost impossible to know the exact future performance of any token. However, accurate analysis and observations can help in the process.
The current price of AVAX is $9.95. AVAX possesses a market capitalization of $3,523,468,578. The 24-hour trading volume is $123,688,135, and its circulating supply is 354,427,182. The AVAX all-time high last year was $21.43, and the lowest was $8.78.
#Avalanche Stats#AVAX Price $ 9.94
1hr Change: -0.37 %
24hr Change: -4.17 %
24hr Volume: 123,688,135 $USD
CMC Rank: #20
Market Cap $ 3,523,468,578.31 $USD
Circulating supply: 354,427,182
Total supply: 431,803,362Stats by CoinMarketCap
— AVAX TOrtillas! 🔺 (@avaxto) October 9, 2023
AVAX price prediction, as per our analysis for the end of 2023, is predicted to be around 140% with an average price of $25.74.
AVAX price prediction for 2025 is expected to reach a minimum of $41.50 and a maximum of $59.74. In 2026, it can reach a maximum of $75.19. By 2030, AVAX can be at a potential high of around $170 and a low of $118.57.
AVAX Price Prediction as per Crypto Experts
Many crypto experts are also quite speculative about AVAX. According to the Digital Coin Price, AVAX can cross $15.42 at the end of the year and is capable of a maximum of $36.01. Coin Price Forecast believes in the potential of AVAX and expects it to reach $28.35 by the end of 2025. The year-to-year change is predicted to be around 162%.
According to these AVAX price predictions, it is apparent that AVAX will prove to be a good investment for the long term.
