Currently, Avalanche (AVAX) is the leader in altcoin growth. Analysts argue about the reasons for such momentum but unanimously agree it was a long time coming. What makes Avalanche so special and why could it be in the alt-season spotlight? Find in our Avalanche (AVAX) price analysis and forecast for 2023 and as far as 2033.
Summary of Avalanche Price Predictions 2023–2033
|Year||Minimum price, USD||Maximum price, USD|
- Expectations are tempered for Avalanche (AVAX) in the short term. Despite the ongoing rally, analysts are expecting a pullback to $18 quite soon;
- On the basis of historical data, many analysts and experts believe AVAX can reach $100 as soon as in a year;
- Can Avalanche (AVAX) score a new all-time high and if yes, when? Some sources claim it is possible as soon as 2024 but other Avalanche predictions see it happening not earlier than in 2028.
Avalanche (AVAX): An overview
Avalanche (AVAX) is a layer-one blockchain that has a unique three-chain architecture that separates consensus from execution and smart contract layers. It lets it achieve great versatility and scalability.
In addition to the three-layer core Primary Network, Avalanche supports public and private subnets that can be made application-specific with custom rules.
The Avalanche platform is developed and supported by Ava Labs. There is also Avalanche Foundation that manages things like communication with the community and developer grants. Neither of these organizations exercises total control over the network because the Avalanche governance also concerns validators that stake AVAX and vote on-chain.
Before you dive into the details of AVAX’s price action, make sure you know all the essential information about it! Our beginner’s guide to Avalanche can help.
Avalanche Historical Price Performance
AVAX Price in 2020–2021
The founding of Ava Labs, the Initial Coin Offering (ICO), and the mainnet launch were not very far apart in time by the crypto industry standard. In the July 2020 ICO, AVAX was sold for $0.33–0.52. Two months later, in September 2020, it was ready for official release. Immediately after the AVAX tokens became tradeable, they were evaluated to be worth $4–5 apiece.
2020 was the year when the crypto market has been mostly trading sideways, and that would change the following year. First, in early 2021, the Avalanche token was rallying because of the push for cheaper alternatives to Ethereum. After the correction, the AVAX price became correlated with the global market trend. This helped it take off the ground when the Bitcoin bull run had really started. From $10 in mid-2021 it went to $50 in August and continued to rise. At the peak, it reached it historical all-time high of $146.22 on November 21, 2021.
AVAX Price in 2022–2023
November 2021 became the top for that crypto market cycle, and from there onward, the AVAX price plummeted together with the rest of it. In 2022, until May, the AVAX price was holding on to the $90–70 range. Under the influence of the Terra (LUNA) crash, AVAX lost this support and sunk to $30 and then to $15. For the remainder of the year, AVAX was on a slow decline, although the FTX collapse in November did not cause it to dump so heavily. At the end of 2022, AVAX was worth a little over $10.
2023 so far has been a better year for AVAX holders. Having started from that mark, it has almost doubled in price. At the time of writing, the current AVAX price is $21.43, and the coin ranks 13th on CoinMarketCap with a market capitalization of $6,993,039,495.
What affects the price of Avalanche?
One of the main drivers of sentiment and asset price is developer activity. In the case of Avalanche, it encompasses both protocol improvements and ecosystem expansion.
According to the data from Santiment, the ongoing surge that helped AVAX double in price is substantiated by the rise in developer activity. Thanks to them, the number of Core Wallet unique users is steadily growing. Just last week, they shipped the Cortina hard fork, too.
The March ecosystem highlight also had positive things to report. New arrivals to the Avalanche network include the Avaissance program to support artists, Team SoloMid’s gaming platform Blitz, and Shopify’s community management platform Try Your Best (TYB). DeFi products such as the BTC.b bridge and Avalanche-native DEXs have seen an influx of demand in light of the SVB shutdown.
Avalanche is one of the crypto assets popular with institutional investors. It can be found in the portfolios of a16z, Galaxy Digital, Digital Asset Capital Management, and Polychain Capital, to name a few. Ava Labs actively caters to this clientele with their recently released suite of subnet solutions Evergreen.
Speaking to Bloomberg, Ava Labs President John Wu provided his insights into the recent surge of the crypto market that affected AVAX, too. In his opinion, the crypto community was affirmed by the troubles in the banking sector. It did not attract new investors but reenergized the ones already in the game.
Ava Labs & Avalanche Foundation
Going off the two factors above, we can confidently say that both Ava Labs and Avalanche Foundation are strongly influencing the sentiment around Avalanche (AVAX), although not single-handedly.
The CEO of Ava Labs, Emin Gün Sirer has joined the U. S. CFTC’s Technology Advisory Committee, comprised of the crypto industry professionals and intended to provide American lawmakers with insider knowledge. Meanwhile, other Ava Labs members represented the GameFi direction at the world’s largest game development conference, GDC.
Our Technical Analysis & AVAX Forecast
How likely is it that the ongoing rally of the AVAX price will continue? Before the trend reverses again, there is a chance that a few more green candles will be printed. The relative strength index on the weekly time frame has just entered an overbought area. AVAX is an asset that people typically hold for quite a few weeks (68 days per Coinbase).
Before the Avalanche (AVAX) price can start its way to reclaim the current ATH, the first resistance to turn into support is at the 0.236 Fibonacci extension. It corresponds to $38.09.
Avalanche Price Prediction 2023
In the near future, Coingape analysts predict, the AVAX price will pull back before going any further. At $21.6, it will encounter a high supply zone, possibly shedding 10% of the current price before reaching the supporting trendline. If bulls can take this blow, they will get the chance to get AVAX to $26.5 next.
The Trade Confident team provides even more ground for similar claims to stand. With the rapid increase in value, AVAX has set itself up for high volatility and motivated “whales” to open more short positions. The support area to watch is $18.22–18.45.
Looking at 2023 as a whole, CryptoNewsZ forecasts that the minimum trading price AVAX will see going forward is $15.01, and the maximum trading price it can reach by the year’s end is $36.46.
AVAX Price Prediction 2024
What could the price of Avalanche coin be a year from now? CoinCodex projects the path by using historical data and gets a whopping figure of $278.40. With a similar method, Bitnation gets another estimate: between the maximum price of $59.75 and the minimum price of $46.05, the average price of AVAX in 2024 is expected to be $53.35.
AVAX Price Prediction 2025, 2028
Looking at the longer term, most sources are moderately bullish on the future of AVAX. The Coinpedia team doesn’t think that in that time AVAX will beat its ATH, though. The maximum price they predict for Avalanche in 2025 is $83.159, but the minimum forecast price is still higher than today — $54.92.
PricePrediction.net also has tempered expectations from the growth of Avalanche. Even in 2025, they expect it to rise to $59.48 on average and $67.61 maximum. According to the BTCC Academy forecast, AVAX can trade anywhere between $62.1 and $66.19 in 2025.
Five years from now, by 2028, Gov Capital projects that AVAX will have grown up to $384.88. Another source, Cryptopolitan, gives a different outlook for the coin price in the same time frame: their forecast price of AVAX will land somewhere near the average trading price of $162.70.
Avalanche Price Prediction 2030, 2033
If you are bold enough to get AVAX and hold it for seven or even ten years, this part of the AVAX price prediction is for you!
According to Digital Coin Price’s algorithm, in 2030, Avalanche will reach a minimum price of $207.66 and on average will be trading for around $221.55.
AMB Crypto looks as far as possible to get the Avalanche price prediction, and here is what they get. In 2030, the AVAX price can go as high as $84.47 and even up to $126.70. As for 2033, in their estimations, the range that AVAX will be trading in is between $168.97 and $253.45.
How to Buy Avalanche (AVAX)?
Please note that both buying/selling and exchange support C-chain AVAX only.
You can do it on the ChangeHero website in a few steps:
- Go to the purchase page or click “Buy or sell crypto from Visa” in the widget on the home page. Choose your country, check the currency of purchase/selling and rate;
- Proceed and provide the blockchain address for purchase or selling. Check the Terms of service before finalizing the transaction;
- Verify your phone number, email address, and ID details. Next, provide the information on the bank card. If you are selling, you would also need to choose refund options and transfer crypto to the generated address;
- Go through the KYC procedure with your state-issued ID and a selfie to finalize verification;
- And from here on, our partner processes the purchase.
But there is also a way to get AVAX without obligatory KYC or registration. Just swap any crypto for AVAX on ChangeHero!
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step, and check the amounts;
- Send in a single transaction the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- Done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives. The Best Rate transactions will use the rate current to the time when your funds arrive. The Fixed Rate will use the rate at the time of step 1;
- As soon as the exchange has been processed, your AVAX is on the way to your wallet.
Customer support is here for you 24/7 in the chat on the website or through the email: [email protected].
Avalanche (AVAX) remains one of the most popular crypto projects in 2023 as well. Its team is making efforts to promote the blockchain to institutional investors and tech professionals alike. The retail investors are not overboard either: the AVAX value is climbing up by the day.
What do you think about the predictions we reviewed? Join the discussion and subscribe to us on Twitter, Reddit, Facebook, and Telegram. For more content to help you navigate the crypto world, explore our blog.
Frequently Asked Questions
How much will Avalanche be worth in 2025?
Depending on the source, the AVAX value is predicted to reach anywhere between $54.92 to $83.16.
Can AVAX reach $1,000?
There are no Avalanche predictions that project a figure of value that high. For AVAX to reach $1,000 or more, it will need to have a market cap larger than Ethereum’s current one.
What is the price prediction for Avalanche in 2030?
Several sources predict figures from $84.47 to $221.55 for Avalanche (AVAX) in 2030.
How high will Avalanche go?
The most bullish Avalanche price prediction for 2028 sees AVAX value rise to $384.88.
This article is not a piece of financial or investment advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.