While the crypto market navigated the fallout from the collapse of FTX in late 2022, Ava Labs says it dodged the bullet. Ava Labs founder and CEO Emin Gün Sirer assure its stakeholders that FTX impacts very little the companies and projects operating in the Avalanche ecosystem. The company had an account on FTX with a very small amount of coins. That’s quite a relief for Avalanche but not the same for others with larger deposits.

Avalanche (AVAX) is among the top twenty by market cap with a bullish performance of 3,100%, ahead of top crypto assets such as BTC, ETH, BNB, ADA, and DOT, according to CoinMarketCap data. The Avalanche blockchain can provide near-instant transaction finality.

Here’s a thought: The value of an AVAX token is tied to the usefulness of the Avalanche platform. If people want to use the Avalanche platform, AVAX tokens rise in value. On the flip side, if the platform becomes obsolete or unpopular, the AVAX token likely wouldn’t be as useful for an investment portfolio.

How much is AVAX worth?

Today’s Avalanche price is $12.96, with a 24-hour trading volume of $131 million.  Avalanche is up 0.27% in the last 24 hours. The current CoinMarketCap ranking is #19, with a live market cap of $4 billion. It has a circulating supply of 345,311,178 AVAX coins and a max. supply of 720,000,000 AVAX coins.

Avalanche price analysis: Will AVAX/ USD go down?

TL; DR Breakdown:

  • AVAX is down 22.34% in the last 12 months and 9.07% over the previous 30 days

  • The Fibonacci Retracement lines show AVAX faces resistance at $12.79.

  • AVAX will likely trade sideways over the weekend.

AVAX was bullish last week; this week, it traded lower and now moves sideways over the weekend.

AVAX price analysis 1-day chart: AVAX/ USD in consolidation

AVAX is down 22.34% in the last 12 months and 9.07% over the previous 30 days. AVAX’s decline accelerated in June following the SEC’s suit against Coinbase and Binance, falling to $10.0. As the market recovered, AVAX peaked at $13.69 before correcting.

The MACD indicator shows AVAX’s price momentum to the upside has dropped over the last six days, contributing to the recent correction. The William Alligator trendlines show the coin’s decline accelerated on 10th June and rose on 20th. The trendlines are now in consolidation as it trades sideways. The 14-day RSI is at 46.51, moving away from oversold territory.$AVAX

Avalanche Price Prediction 2023

In our 2023 Avalanche AVAX price prediction, we anticipate a minimum trading price of $17.54 and an average value of $18.13 for the token. With several scheduled ecosystem upgrades, we expect Avalanche AVAX to experience a surge in value and reach a maximum price of $20.73.

Avalanche Price Prediction 2024

According to our Avalanche AVAX price prediction for 2024, we expect a minimum price of $25.96 and an average price of $26.87. However, If Avalanche AVAX’s growth trajectory persists, we predict its value could reach as high as $31.06 at its peak.

Avalanche Price Prediction 2025

According to our Avalanche AVAX price prediction for 2025, the minimum price of AVAX will be $40.03, while the average price will be around $41.38. There is potential for significant growth in the value of Avalanche AVAX during this period, with the token possibly reaching a maximum price of $44.99 by the end of 2025.