AVAX is a coin of the Avalanche platform. It is an instrument for creating blockchains and decentralized applications. It is often compared to Ethereum, however, Avalanche can provide more transactions per second, about 4,500. Right now it is working on its own decentralized finance system. It also offers a solution to connect Avalanche and Ethereum, and allow Ethereum blockchain users to employ both chains equally.
The AVAX crypto can be used for two main purposes: to support consensus mechanisms and to pay for transaction fees.
AVAX statistics
Let’s take a look at AVAX coin statistics from the CoinMarketCap service:
Avalanche Roadmap
Avalanche has its Roadmap for 2021 published on its official website. Here is what is left for this year to accomplish.
The last quarter of 2021 should bring some changes into the Avalanche Exchange Chain (X-Chain). This chain is created for apps that do not require a total ordering and it provides an opportunity to exchange assets and create new ones. This chain will get dynamic fees. One of the key things that will appear is pruning. This feature will help to make the blockchain size smaller for its nodes by using UTXO. The blockchain will also get faster synchronization opportunities.
A number of new features will also be added to Avalanche subnets. Subnetwork is a group of validators that are trying to achieve consensus on the state of included blockchains. The end of this year will bring cross-subnet transfers, permissionless subnets, and rewards for subnet validation.
Crypto community about AVAX
Avalanche has a very supportive community. Its social networks are full of announcements as well as examples of use cases and extremely warm words addressed to the project.
AVAX Price Prediction 2021
Let’s take a look at price predictions provided by various services.
- According to the data from Tradingbeasts.com, the following future is waiting for AVAX.
AVAX Price Prediction 2022
As of November 17, 2021:
Experts from Tradingbeasts.com believe that the upgoing trend will still push the price higher. And by the end of 2022 it may hit $142.
WalletInvestor.com expects stable growth of AVAX throughout 2022. And believes it may reach $168 by the end of the year.
From the point of view of Digitalcoinprice.com experts, by the end of 2022 AVAX will reach $200 price. We will see some fluctuations on the way to this mark and a possible stepback in December.
AVAX Price Prediction 2023
As of November 17, 2021:
In 2023 as Tradingbeasts.com believes the upgoing trend will preserve without any expected falls. According to WalletInvestor.com AVAX may overcome a $200 mark or at least come very close to this point. On the other hand, Digitalcoinprice.com foresees a slight decrease from $250 to $230.
AVAX Price Prediction 2025
As of November 17, 2021:
Experts suggest that the AVAX price will continue to grow in 2025. No downfalls are expected. And by the end of the year it may have a significant increase. However, some resources are not that optimistic. They predict price fluctuations around $300 and a possible decline to the end of the year. At the same time a long term trend will still be upgoing. It is expected that it will show 538% increase from the current price.
AVAX Historical Price Analysis
As of November 18, 2021:
All Time High (Nov 18, 2021): $110.31
All Time Low (Dec 31, 2020): $2.79
Since the beginning of 2021 AVAX price started to grow. Until August it was between $10 and $50. However, starting from August AVAX has been showing an exponential growth. This has a lot to do with the changes that happened right before this period.
Avalanche proved itself to be a great platform for DeFi projects. Since the demand for DeFi apps development was growing at that time, the Avalanche platform also became a part of this trend.
In July the Avalanche Bridge was launched. This feature made it easier to transfer assets between Avalanche and Ethereum.
The other reason is strictly technical and it concerns Avalanche tokenomic structure. It has a special fee burning mechanism, it works to reduce circulating supply.
Recently AVAX achieved its new All Time High. One of the reasons for that is constant development of its services. The team is working on speed and security. So far all the innovations were accepted by the community and received good coverage in the media.
As we can see, Avalanche is a rapidly developing platform, which is ready to respond fast to customers’ needs and demands. This attentiveness helps it to provide high quality services and keep a lot of users interested as well as attract new ones. The growth of the AVAX price shows the real interest in this project. A welcoming and supportive community shows the basic attitude towards each other’s projects that emerge with the help of this platform.
Right now it seems that there are only optimistic forecasts for AVAX and the Avalanche platform. Let’s hope that this project will continue creating solutions for the future.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
