The Avalanche (AVAX) coin is the cryptocurrency based on the Avalanche blockchain network. It aims to make things such as smart contracts and dApps (decentralised applications) easier and quicker to use.
Avalanche is a high-performance, scalable, customisable, and secure blockchain platform. The platform is intended to prioritise scalability, security, decentralisation, governance and democratic principles, while being interoperable and flexible.
This article will show you about AVAX price prediction. Is AVAX a good investment 2022? Please read on.
AVAX: The early days
When AVAX was launched, the coin’s price was low enough that its recent successes might not have been picked up by an Avalanche coin price prediction.
For instance, on 22 September 2020, it opened the day at $4.99. It quickly more than doubled in price, reaching an intraday high of $11.46 before dropping back down to close the day at $5.23. By close of the following day, it was down to $4.12, having dropped below $4 to an intraday low of $3.98. It remained above that mark for the rest of September and finished the month at $4.32.
October 2020 saw something of a slump. While it pivoted around the $4 mark for most of the month, it did spend a fair bit of time below it. The monthly high was $4.54, which it reached intraday on 13 October, while the low was $3.23 intraday on 7 October 2020. Despite the high coming after the low, the overall direction of travel was downward and the coin finished the month at $3.65.
November 2020 saw more dips below the $4 mark, although generally it was slightly positive. The coin reached a monthly low of $3.18 as 4 November became 5 November, although there was a rally over $4 towards the end of the month, with a monthly high of $4.40 recorded intraday on 25 November. However, the price soon dropped and AVAX closed the month at $3.69, slightly up from where it had been at the end of October.
December 2020 saw a real downward trajectory, with the price not breaking $4 at all, and a monthly high intraday score of $3.82 from 3 to 4 December 2020. The coin even fell below $3 at some points, with a joint monthly low of $2.79 on 24 December and 31 December. AVAX closed the month at $3.14.
AVAX gains momentum
The first few months of 2021 were a boom time for cryptocurrency generally and Avalanche got caught up in the action. It broke back through the $4 barrier on 5 January, scoring an intraday high of $4.34. This was the spur for greater things down the line.
On 8 January 2021, the coin rose above $5, ending the day at $5.80, and the following day it closed at $7.22. It reached $8.20 intraday on 12 January and $9.53 on 14 January. The double-figure barrier was broken on 16 January, when it hit an intraday high of $13.36, and the coin would not fall below this mark for another six months. The coin ended the month well at $13.52.
If January 2021 was encouraging, February was at least partially outstanding. The $20 barrier was broken when AVAX closed 7 February at $24.21, but that was not the end. An intraday low of $23.67 on 8 February was followed by an intraday high of $59.94 on 10 February 2021, a rise of more than 150% over the course of two days.
Ultimately, that price boost was just a spike and it closed the month at $23.82 – up from the previous month, but nowhere near the high of 10 February.
March and April 2021 saw some consolidation. February’s high was a pinnacle that AVAX was not able to match, but things were still better than they had been in January and earlier. The intraday high of $39.39 on 20 March 2021 was the best price that month and it closed out at $28.73.
April’s direction of travel was broadly upwards; not only was the monthly high of $40.80 on 15 April better than March’s best price, but the closing Avalanche price of $32.92 was higher, too.
AVAX price prediction
WalletInvestor is pretty pessimistic. The site’s AVAX price prediction for a year’s time suggests that the coin’s value will have dropped substantially to just under $1.67.
DigitalCoinPrice has an Avalanche price prediction for 2022 of $28.74, and thinks the coin should hit $33.21 in 2023 before dipping to $29.96 in 2024. The site’s AVAX price prediction for 2025 says it should rebound to stand at $43.75, then drop to $39.16 the following year. In 2027, the site predicts the coin will stand at at $50.88, while it should reach $70.31 in 2028 and close the decade at $88.69. The site thinks AVAX should reach $102.41 in 2030 and $112.98 in 2031.
Gov Capital has an AVAX price prediction for 26 August 2023 of $139.64, while it says the coin will be just below $296.14 a year later, and should stand at a fraction of a cent under $494.77 a year from then. On the same date in 2026 it should be just under $733.43, before it reaches just below $1,011.26 on 8 August 2027.
Finally, PricePrediction goes further into the future, making an AVAX price prediction for 2030 that says the coin’s average price in January that year will be $510.83, before reaching $653.01 in August and closing the year at $734.90. By the end of 2031, the site says that the coin will be worth an average of $1,057.47.
Is AVAX a good investment 2022?
It might be – the price forecasts are pretty bullish. However, we need to point out that predictions can be and often are wrong, so you should always do your own research before investing.
Hope this article can provide you with a better understanding about AVAX price prediction. Is AVAX a good investment 2022? You must have your own answer now.
