• Avalanche (AVAX) is the native cryptocurrency of the Avalanche network, launched in 2020.
• The current market status for AVAX shows that its 24-hour price has changed by 4.3% and it has a circulating supply of 315,125,667 tokens.
• In 2023, the bullish price prediction for AVAX is $21.89 – $40.99 while bearish prediction is $16.34.

What Is Avalanche (AVAX)?

Avalanche (AVAX) is the native cryptocurrency of the Avalanche network, launched in 2020. It is a platform designed to create decentralized applications (dApps) and customized blockchains with three different interoperable chains: Exchange Chain (X-Chain), Contract Chain (C-Chain), and Platform Chain (P-Chain). It operates with a directed acyclic graph optimized consensus protocol known as Snowman protocol which helps in producing blocks on the chain.

Current Market Status Of AVAX

The current market status for AVAX shows that its 24-hour price has changed by 4.3% and it currently holds 18th position on CoinGecko with a circulating supply of 315,125,667 tokens and an all-time high of $144.96 on November 21st 2021 . Its current price stands at $19.67 with 24 hour trading volume at $298,998,512.

AVAX Price Prediction 2023

In 2023, the bullish price prediction for AVAX is $21.89 – $40.99 while bearish prediction is $16.34 according to statistics, patterns prices , RSI , RVOL analysis etc . Investors should take into consideration technical aspects like resistance levels before investing or trading in order to minimize risk and maximize returns . Also , they should keep an eye on news related to this crypto currency as any positive news could be beneficial for its price .

Conclusion

Avalanche (AVAX) which was launched in 2020 has seen good success so far when it comes to adoption rate across various industries due to its interoperability between chains , low transaction fees & scalability features . As per our analysis , we believe that its possible that it can reach upto US$30 by end of 2023 given favourable market conditions & regulatory environment but investors should do their own research before investing or trading in any crypto currency as there are always risks associated with it .

Disclaimer

We have published content based on our research & understanding about this cryptocurrency & we don’t hold any responsibility if you incur any losses because of your investments/trades based off our content . Always consult experts before taking any decision related investments or trades .