2021 can be considered a critical year for crypto assets in general, especially with the growth of new blockchain alternatives, such as Avalanche or AVAX. The price of AVAX itself has gone up tens of percent since its release.
In fact, Avalanche (AVAX) is in the top twenty by the major markets with a +3.10 percent bullish performance, ahead of major crypto assets like BTC, ETH, BNB, ADA, and DOT, according to data from and CoinMarketCap. So, what is the estimated price of AVAX at the end of 2022?
Get to know Crypto Avalanche
Launched in 2020 by Ava Labs, Avalanche is a blockchain platform for decentralized applications (dApps) and other dedicated blockchain networks.
IDR 50,00062%
IDR 18,900
Avalanche's mission is to provide scalable blockchain solutions, with a focus on low transaction fees, speed and environmental friendliness. With Avalanche, users can create an unlimited number of customizable and functional blockchains.
Currently, AVAX is a utility token that serves as a gateway to the Avalanche ecosystem. The total number of registered users of AVAX is 720 million.
This cryptocurrency is traded on a chain of exchanges that follow the Avalanche consensus process. Avalanche's authentication system enables anyone to plan and execute transactions using directed acyclic graphs (DAGs).
In this way, transactions are processed at the same time and the sponsor ensures that the transactions are correct and the statistics are consistent. At the time of writing, this crypto asset is ranked 10th among the top assets with a total market capitalization of IDR 298 trillion.
AVAX Price Prediction 2022
According to the AVAX price prediction from coincodex.com as of October 5, 2022, Avalanche's value is predicted to increase by 10.09 percent and reach $19.05 on October 11, 2022.
According to the coincodex technical indicators, the current sentiment is Bearish while the Fear & Greed Index shows 25 ( Extreme Fear).
This token recorded 16/30 (53 percent) green days with a price volatility of 6.90 percent over the last 30 days. According to coincodex estimates, now is a bad time to buy Avalanche.
Comparing Avalanche to other important technology innovations and trends is one way to predict where AVAX's price will go in the long term.
Also read: Cosmos Price Prediction for the End of 2022
In a best-case scenario, AVAX's price predictions for 2022 would see an increase of around 20 percent from their October 2022 price.
Other expert predictions suggest that AVAX prices should be even worse this year. While Gov Capital and CoinPriceForecast estimate that these tokens will reach $309 and $305 respectively by December 2022.
Overall, this year's Avalanche (AVAX) forecast will see prices continue to rise and the bullish sentiment will continue. Because, as DeFi (decentralized money) and NFTs improve, new users entering the crypto industry may turn to the Avalanche blockchain as an alternative to Ethereum.
The information provided in this article is not intended to provide financial advice. Investment decisions should be based on one's financial needs, goals and risk profile. We advise readers to fully understand the assets and risks before making any investment.
Also read: ALGO Price Prediction for the End of 2022
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