Avalanche (AVAX) Weekend Price Prediction

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Avalanche (AVAX) seems to follow the general crypto market uptrend, rallying 2% in the daily charts, 18.3% in the 14-day charts, and 26.4% over the previous month. Moreover, the asset’s price has risen by nearly 172% since March 2023.

Source: CoinGecko

AVAX’s upswing began in late October last year, rising from $9.23 on Oct. 21, 2023, to $48.36 on Dec. 26, 2023. The asset currently faces resistance at around $44.

Also Read: Avalanche AVAX Forecasted To Reach $50: Here is When

One reason for AVAX’s stellar performance in late 2023 could be JPMorgan and Citi partnering with the Avalanche Foundation for their real-world asset (RWA) tokenization plans. Moreover, the project released 3 million AVAX tokens into circulation during that time. The tokens went towards staking rewards and may have helped the asset’s price appreciate.

Avalanche (AVAX) weekend price prediction

Here's How to Be a Millionaire When Avalanche (AVAX) Hits $50
Source: Securehindi

CoinCodex paints a bullish picture for AVAX in March 2024. According to the platform, the asset could hit a price of $49.59 on Sunday, Mar. 10, 2024. Hitting $49.59 from current levels would translate to a growth of about 14.39%. Furthermore, CoinCodex anticipates AVAX to breach the $100 level by the end of this month, reaching $150.34 by Apr. 4, 2024. Reaching $150.34 from current levels would translate to a growth of over 246%.

Also Read: How To Bridge to Avalanche?

Source: CoinCodex

Also Read: How to Add Avalanche to MetaMask?

Changelly, on the other hand, is quite bearish on AVAX. The platform predicts the asset’s price to drop to $36.89 on Sunday, Mar. 10, 2024. Reaching $36.89 from current levels would translate to a fall of about 14.9%. However, the platform expects AVAX to climb back up to current levels by the end of the month.

If Bitcoin (BTC) continues its bullish trajectory and reclaims its all-time high, we may see a similar pattern for Avalanche (AVAX) as well.

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