Is Avalanche a good investment?
- Avax hasn’t been long enough to make a clear judgment on whether it’s a good investment
- 2020 to $102 by the end of the year
- It fell by just $5 until March 2022 and then plummeted by more than 80% after the Federal Reserve decided to reduce the size of its balance sheet.
- AVAX is one of the few cryptocurrencies that continued to rise after November 10, when the U.S.
reported an inflation rate above 6%.
Pumped from $3 by the end of
Let’s take a look at the features and performance
- AVAX is a native token of the Avalanche Blockchain
- Avalanche claims its speeds are faster than any other blockchain
- It also claims to be much more decentralized than most blockchains.
- It currently has $1.2 billion in TVL, down from $9 billion in March.
- Key partners include AAVE, Benqi and Trader Joe
Looking at the performance of the
last few months and the benefits in terms of functionality and performance, it seems that AVAX depends on liquidity improvements to increase upwards. This is confirmed by the fact that AVAX underperforms both Ethereum and Polygon Matic.
At the moment we believe there are better investment opportunities in the market
Can Avalanche reach $1000?
Yes, Avalanche can reach $1000. While we have argued that Avax is a case of moderate investment, it is not unrealistic to expect a price of $1000
- At $1000, the market cap would be $297 billion. This is higher than Ethereum’s market capitalization.
- Even with frugal growth of 15% per year, AVAX would reach $1000 in 30 years
- facilitate growth. If it grows by 50% in the next 8 years and then 15% after that, AVAX could reach $1000 in 15 years, i.e. 2037.
In fact, AVAX could increase quite quickly in the next 8 years and
AVAX Price Prediction 2023, 2025 and 2030
Assuming some recovery of the global economy in 2023, the AVAX 2023 price forecast will be $32.6
AVAX Price Prediction 2025
We expect the global economy to fully recover by 2025. The avalanche price forecast for 2025 is US$61.6
AVAX Price Prediction 2030
By 2030, we expect blockchains to
be in high demand and blockchains like Avalanche to gain from demand. The 2030 avalanche price forecast is $290.