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Avalanche
Avalanche
AVAX
€ 16,95
+ 1,62%

Avalanche (AVAX) Price in Euro

Right now, the price for one AVAX is €18.86. This price is 85% below the coin’s all-time high price of €128.43 on November 21st, 2021. Still, the coin has had upward price growth over the years, sitting 726% above its lowest price of €2.28 in December 2020.

Much of Avalanche’s price changes correlate with the broader crypto market’s trends. Some of the growth seen over the last few years can be attributed to the growing ecosystem of smart contracts and dApps coming to AVAX. The continued investment the blockchain receives from partners like Mastercard, BitGo, and plenty of big decentralized finance (DeFi) protocols like 1inch and Aave contributed, too.

Still, most of Avalanche's changes in evaluation come from the volatility of the crypto markets. To give you a taste of that volatility, here are some price points from across the last two years for the price of one AVAX:

  • January 16th, 2021: €10.69
  • February 11th, 2021: €39.09
  • July 22nd, 2021: €9,20
  • November 24, 2021: €102.81
  • June 17, 2022: €15.27

Most recently, the price of AVAX is on a slight downtrend due to macroeconomic factors like the conflict in Ukraine and growing concerns about the economies of Western nations.

Avalanche (AVAX) Price Prediction

Overall, price predictions put AVAX as gaining market cap once the current downtrend in crypto prices stops. As a functional coin with strong partnerships and backing, experts believe Avalanche will grow again when the time is right.

2023 forecasts put the coin around $55 at its highest point, so long as functional cryptocurrencies continue to see demand from the market.

What Is the Total Supply of Avalanche (AVAX)?

Currently, there are 294.5 million AVAX coins in the circulating supply. The blockchain can make up to 720 million tokens, but the rate of release for these tokens isn’t set by the blockchain. Instead, validators and stakers in the blockchain vote on the rate of minting new coins, giving the blockchain a way to control its supply change during periods of low or high usage.

How Does the Market Capitalization Compare to Traditional Markets?

Avalanche is a new project, meaning it doesn’t have the same level of interest as some of the bigger names in crypto like Bitcoin and Ethereum. While these projects have hundreds of billions of dollars in market capitalization, Avalanche currently boasts a $5.9 billion market cap. This capitalization puts Avalanche at the seventeenth largest project by market cap.

Still, cryptocurrency is a smaller market than traditional markets. Compared to other financial companies’ market caps, such as Visa’s $418 billion, Avalanche can feel like a much smaller project, and thus riskier, than these other, more established companies.

However, not everyone looks at investing in a cryptocurrency project as investing in a company, but rather as a currency or precious metal. Gold currently has an $11.3 trillion market cap, which is ten to twenty times the market cap of most crypto projects. Even platinum with its $204.7 billion sets well above big name cryptocurrencies, let alone Avalanche.

Thus, while market capitalization is a good tool to recognize how large an asset’s current market is, it doesn’t represent where it will go in the future. Companies and projects can have breakout moments that launch their investment worth high or stumble across obstacles that cause them to fall apart regardless of their market cap.

Is Avalanche a Good Investment?

Avalanche has the potential for long-term growth. The multi-blockchain design for its ecosystem works well and has consistently had lower transaction fees than other major chains like Ethereum, which is a big draw for the platform. As such, Avalanche boasts the fourth-largest amount of total value locked (TVL) among blockchains.

However, the project is barely two years old and is still expanding on its functions and partnerships. While the blockchain continues to see new faces and brands join with them, mistakes in implementing new features down the road could cause issues.

As always, the choice of what to invest in comes down to personal factors like risk tolerance and technical analysis. Whether Avalanche is a good investment or not for you will be up to no one but yourself in the end.