avalanche (AVAX-USD) price predictions are a hot topic on Friday after the crypto saw a strong price rally early this morning.
The exact reason for this spike is unknown, as there is no recent news on AVAX. However, it should be noted that its 24-hour trading volume is up 7.7% so far.
So what exactly is Avalanche? It is an “open and programmable smart contract platform for decentralized applications”. The company claims to be the fastest smart contract platform in the blockchain industry in terms of finality time.
With that knowledge in hand, let’s review the latest price predictions for AVAX that traders will want to keep in mind!
Avalanche Price Prediction
- PortfolioInvestors we start with a one-year price prediction of $55.917 for the crypto.
- The next step is Coin Price Prediction with its estimate of $30.56 per token for the end of 2022.
- CryptoNewZ is next on our list with its $55 estimate for 2023.
- CoinPedia closes our price prediction for AVAX with an average estimate of $48.83 by the end of 2023.
These price predictions look good for Avalance given that it was trading at around $16.03 at the time of writing. It should also be noted that AVAX is down slightly from the previous 24-hour period since Friday morning.
Investors looking for the hottest crypto news on Friday are in luck!
We have all the crypto coverage traders need to get through the day. Some examples of this include potential benefits for Ethereum (ETH-USD) this month, a warning about Coinbase Global (NASDAQ:PIECE OF MONEY) and rumors of a deal for BlockFi. You can keep up to date with all this news by clicking on the links below!
More crypto news for Friday
As of the date of publication, William White had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.
Article printed by InvestorPlace Media, https://investorplace.com/2022/07/avalanche-price-predictions-whats-next-for-the-avax-crypto-after-price-spike/.
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