AVAX Price Predictions: Where Will Alibaba Take Avalanche Crypto?
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avalanche (AVAX-USD) price predictions worth checking out on Monday as traders react to rumors of a deal with Ali Baba (NYSE:BABA).
According to these rumors, Avalanche will act as a validator for Alibaba Cloud. This will allow it to offer Node-as-a-Service to the enterprise. This is a concept that Avalanche is working on to enable the maintenance and security of blockchain nodes.
The idea of Alvalance partnering with a major e-commerce player like Alibaba is welcome to investors. This is a potential sign that the blockchain company’s efforts are paying off and this could transfer to its AVAX token.
Let’s see what experts expect from Avalanche by looking at the latest price predictions.
AVAX Price Predictions
- Starting our list is Government capital and its one-year estimate of $105.33233984118 per token.
- The next step is PortfolioInvestor and its one-year forecast of $0.6041 for the crypto.
- To finish, DigitalCoinPrice has an average price estimate of $30.34 for Avalanche in 2023.
Most of these AVAX price predictions are positive against its price of $12.73 at the time of writing. Investors will also note that Avalanche is down 5.3% from the previous 24-hour period as of Monday afternoon. The volume of crypto transactions over this same period is up 58.5%.
Investors looking for information on the latest crypto market news will want to keep reading!
InvestorPlace is home to all the hottest crypto news traders need to know on Monday! Some examples include what happens with Shades of grey, Bakkt (NYSE:BKKT) layoffs, and a list of cryptos that could benefit from the FTX drama.
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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/2022/12/avax-price-predictions-where-will-alibaba-take-the-avalanche-crypto/.
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