Avalanche Price Prediction
(AVAXUSD)$29.81$29.98 (7.15%)Market Stats and Forecasts
Avalanche Description
AVAX is the native cryptocurrency of the Avalanche blockchain, a smart contracts platform known for its impressive speed, scalability, and security. Launched in 2020, AVAX plays a critical role in the smooth operation and governance of the Avalanche ecosystem. AVAX has a capped supply of 720 million tokens, unlike blockchains with a limitless supply. This develops a sense of scarcity and fosters value over time. AVAX is the primary currency used to pay for transaction fees on the Avalanche network. These fees compensate validators who secure the network by verifying transactions. Lower costs compared to other blockchains can incentivize developers to build on Avalanche.
Avalanche works on the PoS(Proof-of-Stake) mechanism. This mechanism allows users to stake AVAX tokens with verifying transactions and network security. Staking AVAX tokens can allow earning rewards to the token holder. The future of Avalanche is in the AVAX holder’s hand. They must play a crucial role by voting for the governance process of this platform and all the proposals for developments like network development, resource allocation, and fee structures. AVAX works as an exchange medium within the Avalanche exosystem. It can be helpful for different purposes, like paying for goods and trading on crypto exchanges.
For every transaction on the network, you have to burn a small amount of AVAX. This minor burning allows token circulation to impact in the long run and helps increase the value of this token due to supply reduction. AVAX provides loads of essential features, and as a new token, this platform is growing and competing in the blockchain landscape. The success of this coin will highly depend on the adaption of the Avalanche ecosystem and spontaneous growth. This will allow developers to build advanced and innovative dApps. .
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Avalanche, Our analysis, guided by the machine learning experts, yields forecasts for Avalanche price trajectory up to 2024. With a comprehensive understanding of Avalanche historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 3 and an error value of 0.26%.
For the year 2024, our analysis indicates a projected yearly low of $33.79, with the high anticipated to reach $53.15. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-01 | 26.78 | 27.34 | 28.16 | 10.31 |
| 2024-07-02 | 26.49 | 27.33 | 28.13 | 9.09 |
| 2024-07-03 | 27.05 | 27.33 | 27.88 | 10.29 |
| 2024-07-04 | 27.05 | 27.91 | 28.71 | 10.29 |
| 2024-07-05 | 27.35 | 27.92 | 28.47 | 11.51 |
| 2024-07-06 | 27.09 | 27.96 | 29.06 | 12.73 |
| 2024-07-07 | 27.35 | 27.63 | 28.19 | 11.49 |
| 2024-07-08 | 27.37 | 28.24 | 29.06 | 12.72 |
| 2024-07-09 | 27.68 | 28.88 | 29.99 | 15.20 |
| 2024-07-10 | 28.28 | 29.18 | 30.03 | 16.47 |
| 2024-07-11 | 28.9 | 29.82 | 30.69 | 19.03 |
| 2024-07-12 | 28.9 | 29.82 | 30.69 | 19.03 |
| 2024-07-13 | 28.92 | 30.17 | 31.33 | 20.34 |
| 2024-07-14 | 29.54 | 30.16 | 30.76 | 21.66 |
| 2024-07-15 | 30.17 | 31.13 | 32.02 | 23.00 |
| 2024-07-16 | 30.19 | 30.83 | 31.75 | 24.35 |
| 2024-07-17 | 30.86 | 31.84 | 32.76 | 27.09 |
| 2024-07-18 | 30.54 | 31.52 | 32.76 | 27.09 |
| 2024-07-19 | 30.2 | 31.51 | 32.72 | 25.69 |
| 2024-07-20 | 30.18 | 31.15 | 32.36 | 24.31 |
| 2024-07-21 | 29.85 | 30.8 | 31.7 | 22.94 |
| 2024-07-22 | 29.22 | 30.49 | 31.65 | 21.59 |
| 2024-07-23 | 29.52 | 30.47 | 31.65 | 21.59 |
| 2024-07-24 | 29.83 | 30.14 | 30.74 | 21.59 |
| 2024-07-25 | 29.22 | 30.16 | 31.35 | 21.59 |
Avalanche Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Avalanche is forecasted to achieve its peak value in 2025 at approximately $83, while potentially dipping to a low of $43.2. The average trading value during this period is projected to hover around $74.69.Avalanche Price Prediction 2026
In 2026, Avalanche is anticipated to potentially reach its peak value of $130.52, with a possible lower value of $62.18. The average trading value for this period is estimated to be approximately $114.38.Avalanche Price Prediction 2027
As we look ahead to 2027, the trajectory of the Avalanche coin may offer investors unexpected turns. Projections suggest peaks hitting $229.68 and lows stabilizing around $106.96, with an average trading value resting near $201.96.Avalanche Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Avalanche coin. Projections point towards a maximum value of $336.88, a minimum of $167.16, and an average value of approximately $305.76.Avalanche Price Prediction 2029
Our market analysis indicates optimistic prospects for the Avalanche crypto in 2029, with projected peaks at $499.26 and floors at $255.85. Moreover, the average trading value of this coin is anticipated to hover around $445.7.Avalanche Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Avalanche token. Projections indicate highs near $789.01, potential lows around $375.17, with an average value of about $711.54.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $30.18 by the Jul 01, 2024. The Relative Strength Index (RSI) stands at 1.0939, indicating a Fall market stance. Overall, while the long-term forecast is Sell.
About avax
Avalanche Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Sell
The Avalanche is predicted to surge by 0.60% to $28.88 by Jul 09, 2024, though current indicators show a Bearish sentiment with 14 out of 30(47%) green days and a notable -14.05% price volatility over the past month.