Avalanche Price Prediction: DeFi’s Rising Star

January 10, 2024

Price Prediction

Sean Korbett

Decentralized finance as an industry is just booming. DeFi has gained popularity in recent years as there seems to be a growing demand for financial management that is more independent and private. Now, within DeFi, different blockchains have different features and aim to excel in various fields. For instance, Avalanche aims to become the world’s fastest blockchain network. Avalanche is a blockchain platform that tries to address the blockchain trilemma of scalability, security, and decentralization thanks to its unique Proof-of-Stake (PoS) mechanism. Read more about Avalanche price prediction in the new StealthEX article.

Like Ethereum, Avalanche supports smart contracts to run decentralized applications on its network. Since Avalanche’s smart contracts are written in the Solidity language also used by Ethereum, it aims to create a greater blockchain interoperably by integrating a number of DeFi ecosystems.

Avalanche (AVAX) Overview

Avalanche was created by the Ava Labs company, which was co-founded by Emin Gün Sirer, Kevin Sekniqi, and Ted Yin. Sirer is a software engineer, and Yin created the HotStuff Protocol that is used in Facebook’s blockchain project, Libra. The team has a strong background in blockchain and aims to create a global trading market for different digital assets while facilitating a scalable environment for Ethereum developers.

Avalanche launched its testnet in May 2019. Avalanche raised $42 million through an ICO in July 2020 and has continued to draw big investments since. In July 2021, the Avalanche Foundation held a token sale raising $230 million.

AVAX Coin Price Chart

Source: CoinMarketCap, 10 January 2024

Unleashing Power with Unique AVAX Features

The Avalanche consensus, a variant of the Proof of Stake protocol, makes Avalanche a special network. In contrast to Ethereum’s 14 TPS and Bitcoin’s 7 TPS, the system can execute over 4,500 transactions per second because of the protocol’s ability to scale. According to the protocol, Avalanche is one of the few networks that can enable transaction finalization in less than a second.

Another element that sets Avalanche apart is the way it works with developers to use the EVM, providing flexibility and scaling for blockchains and enterprise-grade apps. Avalanche is a particularly quick network with top security and significant scaling potential that taps into the promise of digital assets, blockchain-based settings, and decentralized finance. 

Avalanche Price Prediction

Avalanche Price Prediction 2024

DigitalCoinPrice are very enthusiastic about the near future of AVAX, their experts believe the value of Avalanche will increase by 125%, reaching $76.23 by end of 2025.

Avalanche Price Prediction 2025

Telegaon crypto analysts believe AVAX crypto may reach extreme all-time highs. According to this price prediction website, in 2025, Avalanche’s maximum price will significantly rise to reach $112.89 (+232%). By the year 2027, AVAX coin price will rise even further and reach $208.52 (+513%), and that’ll be its maximum price that year.

According to PricePredictions calculations, in 2025 the highest AVAX crypto price will reach $95.07 (+179%) per coin.

Based on the DigitalCoinPrice experts’ forecasts, in 2025, AVAX crypto might climb up to $89.38(+163%) per coin at its highest point, while its average price will fluctuate around $82.88 (+144%).

Avalanche Price Prediction 2030

DigitalCoinPrice crypto analysts think that in 2030, Avalanche coin price might go as high as $260.17 (+665%). This prediction promises that the AVAX cryptocurrency will definitely be boosted by crypto adoption in the future. In 2033, AVAX crypto price may reach a maximum of $679.92 (+1,899%), a new all-time high for Avalanche crypto.

According to PricePredictions forecast in 2030, its value may go as high as $264.83 (+679%) per coin. Experts also believe that in 2034, AVAX coin price might reach a new all-time high at $400.64 (+1,078%).

Avalanche Price Prediction 2040

Telegaon provides us with some estimates for Avalanche coin when it comes to long-term predictions. Though the crypto market is highly volatile, the website’s experts believe that by 2040, AVAX’s price will reach a staggering price level of $1,107.56 (+3,157%), which will be a new record level for any cryptocurrency.

Avalanche Price Prediction 2050

According to Telegaon, the odds are high that Avalanche token prices will continue rising and eventually reach a milestone – at least $2500. In 2050, the maximum AVAX coin’s price may rise even higher and skyrocket to $2,514.78 (+7296%).

AVAX USD Price Technical Analysis

Source: Tradingview, Data was taken on 10 January 2024

Now that we’ve seen what the future may have in store for the Avalanche coin, let’s find out a bit more about this cryptocurrency to try and determine if the cryptocurrency will grow in the next few years.

Avalanche’s Triple-Edged Innovation

Although Avalanche’s platform is complex, there are three primary aspects of its design that distinguish it from other blockchain projects: its consensus mechanism, its incorporation of subnetworks, and its use of multiple built-in blockchains.

A blockchain network needs to use a protocol that enables its nodes to agree, or attain consensus, in order to validate transactions and maintain security. The main strategies for coming to this consensus in the context of cryptocurrencies have been discussed as Proof-of-Work (PoW) vs. Proof-of-Stake (PoS).

The PoS base is expanded upon by the innovative consensus process used by Avalanche. When a user initiates a transaction, a validator node that samples a small, random selection of other validators receives it and checks for agreement. The validators repeat this sampling process, ‘gossiping’ among themselves until agreement is reached.

In this manner, the message from one validator is passed to other validators, which sample further validators, which sample additional validators, and so on, until the entire system agrees on a result. A single transaction can ultimately result in an avalanche, just as a single snowflake can grow into a snowball.

As a node stakes its tokens over time, this is known as Proof-of-Uptime. If the node has historically behaved in accordance with the software’s rules, this is known as Proof-of-Correctness.

Crafting Custom Chains with Subnetworks

Users of Avalanche’s subnetworks can start customized chains that can function according to their own sets of rules. This technology is comparable to previous blockchain scaling techniques as the parachains in Polkadot and the shards in Ethereum 2.0.

Subnetworks (or subnets), which are collections of nodes that take part in verifying a certain set of blockchains, are responsible for reaching consensus on these chains. Avalanche’s Primary Network must also be verified by all subnet validators.

Is Avalanche a Good Investment?

Avalanche resolves the issue of scalability that Ethereum users with dApp development encounter while addressing the need for financial services, blockchain environments with specific regulations, and applications. All of the Ethereum network’s developer tools are offered by Avalanche, which also delivers scalability, flexibility, and decentralized governance for all users. Avalanche is also EVM compatible, which makes this network truly innovative. Avalanche has the potential to rank among the most appreciated blockchain-based enterprises of its sort given the growing popularity of DeFi. The crypto market is expected to experience further growth, and AVAX crypto may stand at the forefront of its expansion.

Buy AVAX Coin via StealthEX

StealthEX is here to help you buy Avalanche coin in case you made up your mind. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1400 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange. For instance, ETH to AVAX.
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

Follow us on Medium, Twitter, Telegram, YouTube, and Publish0x to stay updated about the latest news on StealthEX.io and the rest of the crypto world.

Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.