OPEN A BANK ACCOUNT
NATIONAL ASSEMBLY DAY
seek
banks
learn
Savings accounts
Settlement accounts
Certificate of deposit
Money market accounts
Credit unions
Interest rate
opinions
to start
The best banks
The best savings accounts
The best current accounts
The best prices on CDs
The best non-banks
The best online savings accounts and Neobanque
The best online banks
The best banks in the region
The best credit unions
FIND YOUR BEST BANK
exceptional
The best banks of 2023
The latest mortgage news
The best money experts
The economy explained
Investment
learn
Actions
Connections
Cryptocurrency
Intermediate activity
funds
Investment strategy
opinions
to start
The best investment
Best Mutual Fund
The best promotions for beginners
Cheap Stocks to Buy Now
The best cryptocurrency for investments
The next big cryptocurrency
FIND YOUR BEST BANK
exceptional
Property
Encryption is everywhere
The best money experts
The economy explained
Credit card
learn
News and advice
prices
See details
Balance transfer
opinions
to start
The best credit cards of 2023
The best rewards cards
Best Credit Cards for Balance Transfers
The Best Cash Back Credit Cards
Credit Cards Reviewers' Picks
The Best Travel Credit Cards
Best Airline Credit Cards
Check your credit
Build Credit
Ready for repairs
FIND THE BEST CARD FOR YOU
exceptional
Financially savvy woman
GENERATION Z:
The future of finance
The economy explained
The best money experts
loans
learn
Real estate loans
Student Loans
Personal loans
Auto Loans
to start
The best options for refinancing student loans
The best personal loans
The best car loans
MARK YOUR CALENDAR
exceptional
Financially savvy woman
GENERATION Z:
The future of finance
The economy explained
Retirement at any age
retirement
learn
401k) page
ANGER
Social Security
Retirement planning
to start
401(k)s for beginners
IRA for Beginners
IRA vs. 401(k)s
Saving for retirement
Early retirement
A pension for all budgets
Secure your financial future
exceptional
A pension for all budgets
News and Events
Financially savvy woman
The best money experts
Save and spend
learn
To safeguard
Money
Purchases
Balance
Home Tips
Net value
Financial project
A travel
to start
Create a budget
Manage your debt
Apply for a mortgage loan
A richer live podcast
Create a financial plan
MARK YOUR CALENDAR
exceptional
Taxation Handbook
The economy explained
The best banks of 2023
The best money experts
Fashion
Popular topics
News and Events
Cryptocurrencies are everywhere
A rich journey
Taxation Handbook
Back to finance school
GEN Z: the future of finance
Focus on small businesses
The best banks of 2023
Financially savvy woman
The economy explained
The best money experts
A pension for all budgets
Vacancies and Side Gigs
What is the real estate situation in the United States?
Popular articles
CD Prices Today: October 13: Earn 5.62% APY
Interest Rate Hikes Might End: 2 Ways They Could Improve Your Finances (And One Way They Won't)
Inflation Rises as Oil Prices and Rents Rise: Here's What to Expect This Winter, Experts Say
MARK YOUR CALENDAR
exceptional
Taxation Handbook
The best banks of 2023
Financially savvy woman
A richer live podcast
calculators
Annuity calculator
Gas calculator
Mortgage Calculator
Tax calculator
Categories
banks
learn
Savings accounts
Settlement accounts
Certificate of deposit
Money market accounts
Credit unions
Interest rate
opinions
to start
The best banks
The best savings accounts
The best current accounts
The best prices on CDs
The best non-banks
The best online savings accounts and Neobanque
The best online banks
The best banks in the region
The best credit unions
FIND YOUR BEST BANK
exceptional
The best banks of 2023
The latest mortgage news
The best money experts
The economy explained
Investment
learn
Actions
Connections
Cryptocurrency
Intermediate activity
funds
Investment strategy
opinions
to start
The best investment
Best Mutual Fund
The best promotions for beginners
Cheap Stocks to Buy Now
The best cryptocurrency for investments
The next big cryptocurrency
FIND YOUR BEST BANK
exceptional
Property
Encryption is everywhere
The best money experts
The economy explained
Credit card
learn
News and advice
prices
See details
Balance transfer
opinions
to start
The best credit cards of 2023
The best rewards cards
Best Credit Cards for Balance Transfers
The Best Cash Back Credit Cards
Credit Cards Reviewers' Picks
The Best Travel Credit Cards
Best Airline Credit Cards
Check your credit
Build Credit
Ready for repairs
FIND THE BEST CARD FOR YOU
exceptional
Financially savvy woman
GENERATION Z:
The future of finance
The economy explained
The best money experts
loans
learn
Real estate loans
Student Loans
Personal loans
Auto Loans
to start
The best options for refinancing student loans
The best personal loans
The best car loans
MARK YOUR CALENDAR
exceptional
Financially savvy woman
GENERATION Z:
The future of finance
The economy explained
Retirement at any age
retirement
learn
401k) page
ANGER
Social Security
Retirement planning
to start
401(k)s for beginners
IRA for Beginners
IRA vs. 401(k)s
Saving for retirement
Early retirement
A pension for all budgets
Secure your financial future
exceptional
A pension for all budgets
News and Events
Financially savvy woman
The best money experts
Save and spend
learn
To safeguard
Money
Purchases
Balance
Home Tips
Net value
Financial project
A travel
to start
Create a budget
Manage your debt
Apply for a mortgage loan
A richer live podcast
Create a financial plan
MARK YOUR CALENDAR
exceptional
Taxation Handbook
The economy explained
The best banks of 2023
The best money experts
series
Financially savvy woman
GEN Z: the future of finance
The economy explained
Retirement at any age
calculators
calculators
Annuity calculator
Gas calculator
Mortgage Calculator
Tax calculator
Fashion
Fashion
Popular topics
News and Events
Cryptocurrencies are everywhere
A rich journey
Taxation Handbook
Back to finance school
GEN Z: the future of finance
Focus on small businesses
The best banks of 2023
Financially savvy woman
The economy explained
The best money experts
A retreat for all budgets
Vacancies and Side Gigs
What is the real estate situation in the United States?
Popular articles
CD Prices Today: October 13: Earn 5.62% APY
Interest Rate Hikes Might End: 2 Ways They Could Improve Your Finances (And One Way They Won't)
Inflation Rises as Oil Prices and Rents Rise: Here's What to Expect This Winter, Experts Say
MARK YOUR CALENDAR
exceptional
Taxation Handbook
The best banks of 2023
Financially savvy woman
A richer live podcast
Careers
Our mission
Most of the deals shown on this site come from advertisers and this site receives compensation for posting them here. This compensation may affect how and where Products appear on this Website (including, for example, the order in which they appear). These offers do not represent all deposit, investment, loan or credit products available.
With a market capitalization of 5.6 billion, AVAX is not among the 15 largest cryptocurrencies in the world, but market capitalization is not everything.
The AVAX token debuted in September 2020 with an initial price of $4.11. It currently trades at just over four times the stock price, or around $19. But there were many ups and downs between $4 and $19. AVAX peaked during the 2021 cryptocurrency boom, but the uptrend has slowed significantly and those who bought at its peak have yet to recover.
Since the token is particularly volatile, even by cryptocurrency standards, it is not easy to make an accurate long-term price prediction for AVAX. But if you know what a sign does, where it's been, and why it became so popular, you'll have a better idea of what it might be worth by the middle or even end of the decade.
AVAX is the native token of Avalanche, a competing Ethereum blockchain that supports DeFi, NFT, and other smart contract applications. According to CoinDesk, many competitors have attempted to create an alternative blockchain that overcomes Ethereum's extremely slow transaction times and high fees, but none have succeeded in Avalanche.
The Avalanche protocol manages 4,500 transactions per second (TPS), compared to 14 for Ethereum.
Ava Labs, the lead developer of the Avalanche blockchain, reiterates its pride that the network is “incredibly fast, affordable and eco-friendly,” saying: “Avalanche is the fastest smart contract platform in the blockchain industry, measured in terms of time needed to complete".
A company is only as good as its leaders, with Forbes calling Ava Labs founder and CEO Emin Gün Sirer “one of today’s leading crypto intellectuals” and saying the Turkish-American computer scientist is “ about to take it to the next level.” development and adoption of blockchain”.
Sirer is doing everything possible to become Ethereum's main challenger in the NFT space.
On October 23, Avalanche announced that it supports at least 16 major NFT platforms. One of them is OpenSea, the largest P2P marketplace for NFTs and other crypto collectibles. According to Blockworks, NFT giant Avalanche joined the group on October 11, becoming one of seven blockchains supported by OpenSea. The others are Ethereum, Solana, Klaytn, Arbitrum, Optimism and Polygon.
Since October, OpenSea has covered 200 snowfall events, with more to come. According to CryptoSlam, Avalanche is the seventh largest block in terms of NFT sales with a total of almost $408 million. With Ethereum worth $30.28 billion, AVAX has yet to break through the gates of ETH, but it's clear that Avalanche has a future as a fast, affordable, and scalable blockchain.
However, the network faced serious difficulties in 2022.
At its peak in November 2021, AVAX was worth around $135. It currently costs around $19.
Stephen Ehrlich, industry veteran and director of digital assets research at Forbes, wrote in his publication that Avalanche gained momentum as the trillion-dollar cryptocurrency crash reversed the course of its meteoric rise. Its original token, AVAX, lost 76% of its value, and this happened on May 31, when AVAX was trading at $26.40. He still had to submit.
It's not just the winter surge in cryptocurrencies that has led to a turnaround in AVAX's fortunes.
Avalanche has teamed up with the Luna Foundation Guard (LFG). LFG, led by South Korean Do Kwon, saw its LUNA token and stablecoin TerraUSD fall by $55 billion and fall into the AVAX wreckage.
As if spring wasn't bad enough, summer brought even more bad news in the form of cryptocurrency scandals.
In August, a website called Crypto Leaks accused Sire of working with law firm Roche Freedman to file frivolous lawsuits against industry competitors. Crypto Leaks noted that many of the more than 25 class action lawsuits filed by 30 law firms were against Avalanche's competitors and aimed to harm competitors and distract regulators.
Sirer denied the claims, but Crypto Leaks published a secretly recorded video from 2019 showing founding partner Kyle Roche discussing the alleged deal, in which Roche claims to have paid for a large amount of Avalanche shares and AVAX tokens. Bad drama unfolded in the fall, when Kyle Roche withdrew from several lawsuits and was dismissed by one judge by another. At the end of October, Roche left Freedman Kyle Roche and changed its name to Freedman Normand Friedland LLP.
Sirer continues to deny these allegations, but evidence of alleged wrongdoing by the company remains.
At the start of its success, AVAX seemed invincible. In the first four months, the price tripled from around $4 in September 2020 to $12 in January 2021. A month later, in mid-February, AVAX was trading at around $50. A 12.5x return in less than six months gave the cryptocurrency world a new rising star, but AVAX was still in its infancy.
After losing some of its value in the summer of 2021, AVAX caught fire and nearly tripled its previous value, reaching around $135 at the height of the cryptocurrency boom in November.
After several declines and a strong rally, AVAX entered April 2022 at around $100 and then fell off a cliff it has not been able to climb since.
But will it find a way to recover before the middle of the decade?
DigitalCoinPrice predicts that AVAX will start at $74.14 in January 2025. This is an average prediction of a low of $72.45 and a high of $79.76. The token has remained virtually unchanged for the year and AVAX expects a December 2025 close between $72.44 and $77.01, with an average year-end price of $75.15.
If these predictions come true, AVAX will be where it was in early October 2021, before the November boom reduced the signal to what so far appears to be an artifact.
AMBCrypto expects AVAX to see less growth, with the token starting 2025 at an average price of $48.95 and ending the year at an average price of $62.86.
On the high end, CoinPedia expects AVAX to average $92.50 in 2025.
DigitalCoinPrice predicts that the value of AVAX will almost quadruple between its projected value in 2025 and the end of the decade. Avalanche forecasts an average price of $263.55, a low of $259.81, and a high of $270.60 in early 2030. It expects to end the year in December with an average price of $261.15, which falls between the expected low and high prices of $259.42 and $263.24.
AMB Crypto expects AVAX to decline in early 2030 with an average price of $188.83 before closing the year with a higher average price of $242.49.
On the other hand, price predictions predict that AVAX will start 2030 with an optimistic average of $294.68 and close the year at $407.72.
Avalanche has been called a “potential Ethereum killer” by Crypto Media. But Solana and other competitors were also given the same nickname.
Solana, Binance Coin, Polygon or another competitor will eventually overtake Avalanche and become the next big smart contract blockchain platform to rule the DeFi and NFT worlds. Or, Ethereum could find ways to improve its slow speed and reduce its high fees to give its competitors a leg up.
If not, and Avalanche's transparent transaction times and minimal fees make it the leading smart contract blockchain of the decade, then anything is possible.
Trading Education predicts that by 2030, Avalanche will become the primary platform for some of the world's largest multinationals and that AVAX will trade above $2,900, with forecasts to peak easily exceeding $3,000. Crypto Prediction and Trading Beasts have made similar predictions, but it all depends on Avalanche evolving Ethereum to become the king of the smart contract hill.
The historical price chart of AVAX is similar to other major cryptocurrencies. First there was a big swing, then – as with Ethereum, Bitcoin and the rest – a sharp rise in November 2021 before a vertical decline.
For all the potential to become a major force in the DeFi and NFT spaces, as well as all the legal drama and crazy price predictions, AVAX is just another cryptocurrency. Approach it with the same analysis and skepticism as any other blockchain investment.
Information correct as of October 31, 2022 and subject to change.
Our research team and financial experts work together to create accurate, objective and relevant content. We verify all statistics, quotes and data from trusted, top-rated sources to ensure the information we provide is correct. You can find more information about GOBankingRates' processes and standards in our editorial policy.
Share this article:
Strategy
October 13, 2023
8 minutes of reading
learn more
Property
October 13, 2023
8 minutes of reading
learn more
Strategy
October 12, 2023
8 minutes of reading
learn more
Property
October 12, 2023
8 minutes of reading
learn more
Actions
October 12, 2023
8 minutes of reading
learn more
Strategy
October 12, 2023
8 minutes of reading
learn more
Property
October 12, 2023
8 minutes of reading
learn more
Property
October 12, 2023
8 minutes of reading
learn more
Property
October 12, 2023
8 minutes of reading
learn more
Strategy
October 12, 2023
8 minutes of reading
learn more
Property
October 12, 2023
8 minutes of reading
learn more
Property
October 12, 2023
8 minutes of reading
learn more
Strategy
October 12, 2023
8 minutes of reading
learn more
Actions
October 11, 2023
8 minutes of reading
learn more
Property
October 11, 2023
8 minutes of reading
learn more
Property
October 12, 2023
8 minutes of reading
learn more
Creating wealth for the next generation: investing in real estate through reach.
Learn more
Goldco is committed to helping our customers secure their financial future through precious metals.
Leave now
Get free access to the best financial advisors in your area by partnering with WiserAdvisor!
Learn more
Earn money by filming videos, watching videos, shopping online and much more.
Learn more
Become a member for just $12 for the first year and receive a free gift. Сябровства gives you access to downloads, programs and services from many trusted brands.
Learn more
More than 750,000 Masterworks members are asking this question shortly after, since this art investment platform has given a 100% success guarantee across 14 releases.
Learn more
Edit the online storage and replace the message later.
Learn more
You have found working, testing and verification documents from BeenVerified.
Learn more
Grow Credit offers a free Mastercard that you can use to pay for subscriptions and build credit.
Learn more
Attridжених паради, як программых фанциальных местав и будје ў курсе мо Here is what happened past.
Select the “Apply Online” button, select our online and pallitic programs. You can click on the link “адписацца” ў электронным лиять ў at any time.
Advertising: Many offers on this site from advertising, and this site receives compensation for what is here. This remuneration may be paid depending on how the products are found on this site (learning, programming, sales, etc.). These offers are not available for deposit accounts.
© 2023 GOBankingRates. All rights are protected.
Sign up for our weekly newsletter to receive the latest financial news and hot topics.
To view our full privacy policy, click here.
s