Is Avalanche (AVAX) Still a Good Buy ? Latest Insights
Avalanche (AVAX) keeps attracting attention with its strong technical performance and rapidly growing ecosystem. With a significant price increase of nearly 10% in the last 24 hours and strategic initiatives, AVAX confirms its potential. Decoding the latest developments.
In the competitive landscape of smart contract platforms, Avalanche (AVAX) has emerged as a serious contender, known for its speed, scalability, and flexible architecture.
Top 5 chains by 7D growth in % change in transactions:
As the cryptocurrency market experiences dynamic phases, it is relevant to examine the strengths of AVAX and the factors that could support its future growth. Avalanche is currently the blockchain that has seen the most progress in number of transactions over the last 7 days, according to Nansen.
At the core of Avalanche’s value proposition is its unique consensus protocol, enabling near-instant transaction finality, often in just a few seconds.
This feature is crucial for decentralized applications (dApps) requiring high reactivity, such as decentralized finance (DeFi) or blockchain-based games.
Moreover, Avalanche’s architecture is based on a system of subnets. These offer considerable flexibility, allowing the creation of custom blockchains optimized for specific use cases, whether for private networks for enterprises or public platforms dedicated to sectors like gaming or NFTs.
This ability to create tailored environments, while benefiting from the security and interoperability of the main Avalanche network, is a major asset for widespread adoption.
Technical Analysis : Key Levels for AVAX
As of May 14, 2025, Avalanche (AVAX) displayed encouraging market indicators:
Price: Around $25.85, showing an increase of about +5.99% over the last 24 hours.
Trading Volume (24h): Over $504 million, indicating active trader interest.
Market Cap: Approximately $10.94 billion, positioning AVAX as a major player (ranked #13 on CoinMarketCap).
Circulating Supply: Around 418.5 million AVAX out of a maximum supply of nearly 716 million.
From a technical standpoint, the daily RSI for AVAX has not yet entered overbought territory, leaving room for potential upside.
If market conditions are favourable, the FBB indicates a potential increase to around $37 in the coming days. Representing a rise of 43%.
The important supports in the short term are at $23 and $21. A break below $23 could limit AVAX’s short-term rise. AVAX must first break the resistance at $27 to then target $30 and even $37 in the coming weeks.
Recent Developments and Future Perspectives
The Avalanche ecosystem continues to evolve. Regular protocol updates aim to constantly improve its performance and security. The team behind Avalanche and the foundation are also making significant efforts to boost ecosystem growth through incentive programs for developers and users, as well as through strategic partnerships.
A notable announcement in early May 2025 reported a $250 million fundraising by Avalanche, news that could inject substantial resources to accelerate project development, strengthen marketing initiatives, and expand the platform’s reach. Such initiatives are crucial to maintain competitiveness and attract new projects and users.
Standard Chartered just predicted $AVAX will hit $250 by 2029.
This has to be one of the most BULLISH indicators for the Avalanche ecosystem.
Longer-term forecasts from institutions like Standard Chartered (although the exact timing of these forecasts should be considered) highlight significant growth potential for AVAX, citing ongoing technological advancements and ecosystem expansion as key drivers.
In conclusion, Avalanche (AVAX) combines robust technology with active development strategy and a growing community. Its ability to offer fast and cost-effective transactions, along with the flexibility of its subnets, makes it an attractive platform for a wide range of applications. While the cryptocurrency market remains inherently volatile, Avalanche’s strong fundamentals, coupled with positive market dynamics and strategic investments, make it a project whose evolution warrants close attention from observers and potential investors.
The coming months will be crucial to confirm if AVAX can capitalize on its strengths to solidify its leadership position.
Optimists like trader KALEO forecast AVAX to reach $420 during this cycle.
To buy AVAX on Bitget, here’s a quick guide:
Create a Bitget account Visit the official site of Bitget and sign up with your email or phone number. Validate your registration via the received code and activate two-factor authentication (2FA) to secure your account.
Verify your identity (KYC) Complete KYC verification by submitting an ID document and, if required, proof of address. This quick step is essential to unlock all trading features.
Add funds In the “Deposit” section, fund your wallet with cryptos (USDT, BTC, etc.) or through fiat (credit card, bank transfer, compatible with Visa, Mastercard, ApplePay). Follow the instructions to finalize.
Access the market Go to “Spot Market” or “Trading”, type “AVAX” in the search bar and select the AVAX/USDT pair to open the exchange interface.
Make the purchase Choose a market order for an instant purchase or a limit order to set a specific price. Indicate the desired quantity of AVAX, verify, and confirm your transaction.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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