$Avalance (AVAX) is a platform for developing decentralized applications, which was created as a competitor to Ethereum. The platform was launched in the fall of 2020. In just a few weeks, it managed to break into the TOP 20 cryptocurrencies in terms of capitalization due to competitive advantages: the speed of processing transactions on the network is about 4,500 transactions per second, the amount of commission for creating a subnetwork is up to 0.01 AVAX. The platform is built on three types of blockchains, responsible for coordinating communications between validators, creating Ethereum-compatible smart contracts, and exchanging information between subnets. The consensus algorithm is Snowman (a unique platform development).
In 2021, AVAX prices increased from 2.84 USD to 114.16 USD. This rapid growth is partly due to the increase in overall market capitalization. But some analysts believe that Avalanche has its own internal potential, which in the future will allow it to overtake the market in growth rates and come close to its main competitor Ethereum. Will Avalanche be able to meet investors' expectations and reach new all-time highs?
IAFT experts have collected long-term price forecasts for Avalanche (AVAX) for 1, 3, 7, 10 years ahead, which were prepared by leading analytical platforms. Also in our article you can get cryptocurrency signals and AVAX rate forecasts for today and for the week. Signals are based on technical analysis indicators .
