The Avalanche Foundation’s native cryptocurrency, AVAX, has had a troubling recent week, falling as much as 27%. Following the announcement of the Avalanche Foundation raising $250 million for a blockchain upgrade, the foundation’s native cryptocurrency quickly reversed its momentary surge. Recent AVAX price analysis reveals rising momentum and improving market conditions despite the recent downturn.
With the recent slump, can AVAX still reach $100 in a year?
Can AVAX Price hit $100 by 2026?
Looking past December, AVAX’s growth potential remains positive. The cryptocurrency market trends indicate a growing interest in layer-1 networks, which benefits the foundation. Previous price predictions were that AVAX could reach $140.86 by 2025. However, that number may not be achieved for a while longer.
Indeed, AVAX’s recent price slump has put bullish price predictions into jeopardy. While investors are still hopeful that the asset will rebound, a tumble below $40 was steeper than projected. The asset will need to break out of the struggle fast before dropping further below $30. At press time, AVAX is trading at $38.
Avalanche’s upcoming upgrade aims to slash costs, boost scalability, and solidify Avalanche’s leadership in the blockchain space. Specifically, it will cut Layer-1 deployment costs on Avalanche by 99.9% and lower transaction fees on its C-Chain by 25 times. The announcement and launch spurred a surge in AVAX price, indicating that there are still plenty of eyes on the token.
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AVAX is still up 14% in the last 30 days, with trading volume up in the same period. The 50-day and 200-day moving averages, at $38.55 and $29.78, respectively, suggest a solid foundation. Over the past 30 days, AVAX has logged 16 green days, cementing its position as a token worth watching. Analysts point to this as an opportune moment to buy, with 2025 still having the potential to pump the asset’s price further. $100 may be a steep climb in 2025, but come 2026, forecasts expect that value as a bare minimum.
For those looking at shorter-term opportunities, Avalanche AVAX might hit $61.88 by December 23, representing an over 35% increase from its current value. By 2025, AVAX analysts hope the asset could rebound past $50 towards $60.
