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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

HANetf and HSBC Launch First GBP EUR-Hedged Bitcoin Products

HANetf and HSBC have announced the launch of the first GBP EUR-hedged Bitcoin products, marking a significant development in the digital asset ecosystem.

user avatarLuis Flores

Goldman Sachs Integrates $100 Billion Treasury Fund with Crypto Institutional Frameworks

Goldman Sachs has announced the integration of its $100 billion Treasury Fund with crypto institutional frameworks, marking a significant development in the digital asset ecosystem.

user avatarArif Mukhtar

UK Financial Conduct Authority Opens Crypto Authorisation Regime

The UK Financial Conduct Authority has formally opened its Crypto Authorisation Regime, marking a significant development in the digital asset ecosystem.

user avatarMaria Gutierrez

Amazon Stock Price Predictions for 2027

Major firms predict Amazon stock will reach $350 per share by 2027, driven by AWS growth and AI advancements.

user avatarDavid Robinson

Tether Partners with Shiga to Launch Financial Products in Africa and Gulf

Tether is transitioning its Wallet Development Kit into financial products for users and institutions in Africa and the Gulf, collaborating with Shiga.

user avatarJacob Williams

Soneium and DayOneDream Join Forces to Tokenize Kpop Revenue Streams

Soneium partners with DayOneDream to tokenize Kpop revenue streams using blockchain technology.

user avatarAndrew Smith

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.