In December, the value of Avalanche increased by 115%

In December, the value of Avalanche increased by 115%

user avatar

by Max Nevskyi

3 years ago

In December, the cryptocurrency Avalanche (AVAX) exhibited substantial growth, more than doubling its value and achieving a new yearly peak. Since October, the price of AVAX has surged by 425%, reaching $46.40. This increase was accelerated by breaking through a 750-day descending resistance line that had been in place since reaching its all-time high.

Analysts and traders on the cryptocurrency platform X are optimistic about the future of Avalanche. For instance, Bluntz Capital predicts that the price of AVAX could reach $55, while Flash sets a target of $65, citing a bullish breakout of a long-term pattern.

According to Elliott Wave Analysis, AVAX is in the fifth and final wave of an upward movement that began in September. If the growth continues, the next target could be around $59, representing a 28% increase. However, if the price of AVAX falls below $44, it could indicate that the peak has been reached and the price might potentially drop to $22.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

MEXC's Tokenized Stocks and ETFs Experience 30% Growth

chest

MEXC reported a 30% month-on-month increase in spot trading volume for tokenized stocks and ETFs, reflecting broad-based growth.

user avatarKofi Adjeman

MEXC Reports Significant Growth in August Trading Data

chest

MEXC reports significant growth in trading volumes across various asset classes in August 2026, with a 130% month-on-month increase in stock, index, and ETF Futures.

user avatarTando Nkube

TRON DAO Enhances MetaMask Connectivity for Users

chest

TRON DAO announces enhanced MetaMask connectivity for various dApps, improving user interaction within the TRON ecosystem.

user avatarNguyen Van Long

MetaMask Connectivity Now Supported by Leading TRON dApps

chest

Four major decentralized applications in the TRON ecosystem have integrated MetaMask connectivity, enhancing user access to on-chain finance.

user avatarSatoshi Nakamura

AI Researchers Reduce Quantum Attack Resource Benchmark by 86 Times

chest

Researchers have reduced the computing resources needed for a potential quantum attack on Bitcoin and Ethereum by 86 times.

user avatarJesper Sørensen

Regulators Urge Faster Cybersecurity Measures in Banking Sector

chest

Regulatory bodies are urging banks to adopt quicker patching and incident response strategies to combat evolving cyber threats.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.