AVAX price prediction: Is avalanche a good investment?
Avalanche had a great 2021, so what’s the AVAX price prediction for 2022 and beyond?
The avalanche (AVAX) coin is the cryptocurrency based on the Avalanche blockchain network. It aims to make things such as smart contracts and DApps easier and quicker to use. You can refer to our guide if you want to know more about what the coin does – in this article, we are going to look at how avalanche has fared so far, and whether we can make an AVAX price prediction.
Let’s start by taking a look at the avalanche price history. Although prior performance is not an indicator of future results, it does help contextualise things.
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. 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 was another month of journeys 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, though 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 closed the month at $3.69, slightly up from where it had been at the end of October.
December 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.
Things, however, were about to change – the start of the new year would provide optimism to an AVAX price prediction for 2022 and beyond.
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, 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 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, 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 saw 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. 20 March’s intraday high of $39.39 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/USD price history
|Jan 18, 2022||84.1664||-0.4038||-0.48%||84.5702||85.3291||83.4908|
|Jan 17, 2022||84.5718||-5.4816||-6.09%||90.0534||90.2902||83.3198|
|Jan 16, 2022||90.0535||-0.7231||-0.80%||90.7766||92.6127||89.6282|
|Jan 15, 2022||90.7765||2.5633||2.91%||88.2132||92.1513||87.3000|
|Jan 14, 2022||88.2148||0.7507||0.86%||87.4641||89.5383||85.2031|
|Jan 13, 2022||87.4700||-6.1845||-6.60%||93.6545||94.9118||86.9868|
|Jan 12, 2022||93.6540||6.2591||7.16%||87.3949||94.5841||86.7430|
|Jan 11, 2022||87.3967||5.0245||6.10%||82.3722||88.7759||81.2340|
|Jan 10, 2022||82.3558||-4.7927||-5.50%||87.1485||88.7177||78.2434|
|Jan 9, 2022||87.1485||5.3164||6.50%||81.8321||89.6561||80.5160|
|Jan 8, 2022||81.8567||-2.7541||-3.26%||84.6108||87.4130||77.2980|
|Jan 7, 2022||84.6108||-8.1960||-8.83%||92.8068||93.1568||82.9362|
|Jan 6, 2022||92.8068||-2.1750||-2.29%||94.9818||95.5298||88.8155|
|Jan 5, 2022||94.9804||-5.8345||-5.79%||100.8149||104.0397||88.2739|
|Jan 4, 2022||100.7983||-4.6465||-4.41%||105.4448||106.6073||100.3254|
|Jan 3, 2022||105.4449||-4.9259||-4.46%||110.3708||111.3445||103.4371|
|Jan 2, 2022||110.3708||-1.0612||-0.95%||111.4320||114.6361||109.3832|
|Jan 1, 2022||111.4326||4.7751||4.48%||106.6575||111.7536||105.9374|
|Dec 31, 2021||106.6574||7.3638||7.42%||99.2936||109.2162||97.8935|
|Dec 30, 2021||99.2898||-1.2832||-1.28%||100.5730||102.8578||95.9596|
Avalanche crashes but climbs back
Anyone making an AVAX coin price prediction at this point might have been forgiven for thinking this general consistency was here to stay, but things changed in May. The price mainly hovered in the $30-$40 range but came crashing down as avalanche was hit by the great crypto day crash of 19 May.
Things started well enough, with an intraday high of $38.42, but the coin then more than halved in value, falling to a low of $18.68. There was then a recovery to close the day at $23.38. May closed at $18.16 and the slump continued, with June finishing at $11.96. The situation got worse in July, when the coin dropped back below the $10 mark with an intraday low of $9.34 on 20 July, before ending the month at $13.59.
August ended up seeing a change for the better, with a massive rally towards the end of the month. Early on 16 August, the AVAX price was $18.77, but by 24 August it was hitting an intraday high of $58.98, a more than threefold rise in just over a week. The coin closed the month at $39.49, before going back up in September.
It broke $60.00 on 13 September, when it reached an intraday high of $60.75, hitting an all-time high intraday 10 days later, when it was worth $79.52. However, the price was on the turn and it closed the month at $66.77. Avalanche continued to drop and it closed 14 October at $56.08.
By 22 November a new all-time high of $134.53 was recorded, but the price fell to $79.15 by mid-December. The coin has made a substantial recovery into the new year, however, and is valued at $106.66 as of 4 January 2022.
With that out of the way, let’s take a look at what some people are suggesting as their avalanche price prediction.
AVAX price prediction
WalletInvestor is pretty optimistic. The site’s AVAX price prediction for a year’s time is just over $278.18, while it says the coin will reach $940.94 in five years’ time.
DigitalCoinPrice says that avalanche should reach $157.35 in December 2022, with the coin being worth an average of $145.10 for the year. The same site says it will be worth $161.09 in December 2023. The site’s AVAX price prediction for 2025 sees it stand at $240.09, the site’s AVAX price prediction for 2026 is $208.58; it then sees the coin at $281.02 in 2027 and $372.24 in 2028, before rallying to $444.79 in 2029.
Gov.capital has an AVAX price prediction for a year’s time of just over $324.67, while it says the coin will reach $2,370.68 in five years’ time. The coin is predicted to break the $1,000 mark in October 2024.
Finally, priceprediction.net goes even further, making an AVAX price prediction for 2030 that says the coin’s average price that year will be $2,788.37, and that in 2031 the coin will be worth an average of $4,051.60.
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.
It might do. There are certainly some forecasts that say it will, although it won’t happen right away. Gov.capital, for instance, predicts AVAX will hit a price of $1,000 within the next two to three years.
Still, you need to remember that forecasts often don’t pick up on things that can dramatically change the price trajectory of cryptocurrencies, which is always very volatile. Remember prices can go down as well as up.
If you want to buy AVAX, then you can do so at a range of exchanges, including Currency.com. Just remember to do your research and never invest more money than you can afford to lose.