Avalanche (AVAX) appears to comply with the overall crypto market uptrend, rallying 2% within the day by day charts, 18.3% within the 14-day charts, and 26.4% over the earlier month. Furthermore, the asset’s value has risen by almost 172% since March 2023.
AVAX’s upswing started in late October final 12 months, rising from $9.23 on Oct. 21, 2023, to $48.36 on Dec. 26, 2023. The asset presently faces resistance at round $44.
One purpose for AVAX’s stellar efficiency in late 2023 might be JPMorgan and Citi partnering with the Avalanche Basis for his or her real-world asset (RWA) tokenization plans. Furthermore, the challenge launched 3 million AVAX tokens into circulation throughout that point. The tokens went in the direction of staking rewards and will have helped the asset’s value admire.
Avalanche (AVAX) weekend value prediction
CoinCodex paints a bullish image for AVAX in March 2024. In keeping with the platform, the asset may hit a value of $49.59 on Sunday, Mar. 10, 2024. Hitting $49.59 from present ranges would translate to a development of about 14.39%. Moreover, CoinCodex anticipates AVAX to breach the $100 stage by the top of this month, reaching $150.34 by Apr. 4, 2024. Reaching $150.34 from present ranges would translate to a development of over 246%.
Changelly, alternatively, is sort of bearish on AVAX. The platform predicts the asset’s value to drop to $36.89 on Sunday, Mar. 10, 2024. Reaching $36.89 from present ranges would translate to a fall of about 14.9%. Nonetheless, the platform expects AVAX to climb again as much as present ranges by the top of the month.
If Bitcoin (BTC) continues its bullish trajectory and reclaims its all-time excessive, we might even see the same sample for Avalanche (AVAX) as nicely.
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