Price Predictions

Avalanche (AVAX) Price Prediction: AVAX Aims for a Bullish Monthly Close Above INR10,000

AVAX

Key Takeaways:

  • The AVAX price closed the previous day’s trade at INR 6567.69 with a market capitalization of INR 225.5 Cr and a circulating supply of 26,79,84,351.25 AVAX
  • Avalanche failed to hit the much-required levels around INR 8000 after consolidating very close for almost a week but could rebound firmly to secure INR 7500 at the earliest

Avalanche Price Analysis: How High Will AVAX Crypto Price Go in April 2022?

While AVAX price was on its path to achieving the INR 10K target, a fresh plunge has reduced the price below INR 7000. And hence the accumulated strength may be utilized to regain the lost levels first and then materialize with an uptrend. The price is expected to climb back above INR 7500 initially by the end of the week. 

Further, if the asset maintains a bullish streak, then it may range high towards INR 10,000. Or else if the bears enter the ring, they may try hard to drag the price back below INR 8000 after achieving the monthly highs. 

Avalanche Price Prediction: Will AVAX Price Hit INR 50,000 in 2022?

The AVAX price’s gigantic rally in Q4 2021 reaching highs close to INR 12,000 had faded ever since the beginning of the 2022 trade. The price witnessed an extreme plunge which dragged the price below INR 5000. Currently, the asset is fighting for the crucial levels around INR 8000 which could further substantial the rally towards the ATH. 

Once the levels around the ATH are secured, the asset may face another pullback due to profit extraction. But if the price sustains above INR 10,000, the uptrend could remain unimpacted. And hence after a minor correction, the price could reignite an uptrend aiming at INR 15,000 initially with a yearly target between INR 20,000 to INR 22,000 at the moment. However, INR 50,000 appears pretty tough but could be achievable in the near future.

Avalanche Price Analysis: BTC Price Table (Last 07 Days) 

Date All-Time High All-Time Low Market Capitalization
06 April 2022 INR 7203.29 INR 6567.69 INR 225.5 Cr
05 April 2022 INR 7626.31 INR 7180 INR 251.6 Cr
04 April 2022 INR 7601.99 INR 7200 INR 245.9 Cr
03 April 2022 INR 7800 INR 7440 INR 257.9 Cr
02 April 2022 INR 7990 INR 7425.12 INR 261.6 Cr
01 April 2022 INR 7700 INR 7050 INR 265.6 Cr
31 March 2022 INR 7785.89 INR 7030 INR 253.7 Cr

Avalanche Price Prediction: AVAX Price Trend Comparison with DOT & ATOM (Last 30 Days)

Source: Tradingview

Avalanche, Polkadot, and Cosmos are considered the toughest competitors within the crypto space. And hence their respective native coins AVAX, DOT & ATOM range very close to each other. However, DOT has dominated compared to the other two, but all of them are currently experiencing huge price slashes. 

Since the beginning of March, ATOM maintained an upper hand, but very quickly plunged down below both the assets and remained 9.87% below the average levels. On the other hand, AVAX price began with a descending trend but quickly jumped in action to trade 1.18% above the average levels after plunging from 24%. And the DOT price is currently 10% above, sliding down from 28% higher than average levels. 

Additional Read: LUNA vs AVAX

Correlation of AVAX/USDT and AVAX/BTC (Last 30 Days)

Source: Tradingview

The AVAX/USDT and AVAX/BTC both traded with enough strength throughout March, until they decoupled. The USDT pair spike enormously by nearly 22% above the average levels while the fresh slash lowered the gains to around just 1.20%. On the other hand, the BTC pair maintained a steady trend and surged to reach above 2% and quickly plunged drastically to a record 8.04% below the average levels.

Additional Read: AVAX Technical Analysis

AVAV Price Prediction 2022: Latest AVAX coin News in  March-April 2022

Grayscale Adds Avalanche to its Digital Large Cap Fund

Grayscale recently announced the addition of Avalanche along with Polkadot and Cosmos to its fund. 

Source: Twitter

Avalanche Introduces Avalanche Multiverse

The Avalanche platform introduced the Multiverse which is a $290M incentive fund assisting wider adoption and growth of subnets. 

Source: Twitter

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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to .
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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