Avalanches usually fall down, but the avalanche (CCC:AVAX-USD) Network is not going anywhere, but up. The Dapp platform is making some changes and in turn is inviting developers in droves to get involved on the platform. The result is a series of upward moves that propel the AVAX coin to new all-time highs. In turn, bulls are looking for AVAX price predictions to see how much higher the coin can be in the future.
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The Avalanche network has had its head lowered since August and is geared towards growth. In fact, it has seen this growth, and it has been amazingly fast. Total Value Locked (TVL) is a popular way to measure the size of a network and view the amount of liquidity users have invested in the network. As of August, Avalanche’s TVL was around $ 350 million. It has since grown to nearly $ 9 billion, making it one of the largest blockchain projects in the world.
The growth is pretty impressive, but the network is coming to this capital city for a reason. It is expanding its network with a wide variety of products, particularly through its new Blizzard initiative. Blizzard is a $ 200 million fund designed to attract developers to bring their products to the Avalanche chain and bring them home. The newly launched fund is attracting a lot of looks from investors, and crypto influencers are not shy about it. In fact, they have been voicing their bullish stance on Twitter for the past few days. The Chatter puts Avalanche in the spotlight this morning as #Avalanche trends are discussed on the site with over 20,000 posts across the growing network.
AVAX Price Predictions: Where Is Avalanche Heading With Its New Popularity?
Avalanche is benefiting greatly from the new engagement, with trading volume doubling in the wake of the Twitter chatter. Over $ 1.2 billion in AVAX is traded so far today. The network is also climbing the charts in terms of market capitalization and is the thirteenth largest crypto network in the world with a current market cap of $ 16 billion.
The price of Avalanche’s AVAX coin hit a new all-time high today, hovering around $ 81. Given the sustained surge, investors are curious about the future. Let’s take a look at some AVAX price predictions to see what’s in store next for the coin:
- DigitalCoin believes AVAX has plenty left to carry over $ 100 in 2021. The site’s year-end target price for AVAX is $ 132.
- CoinPriceForecast’s year-end forecast isn’t quite as optimistic and expects AVAX prices to hit $ 88.50.
- The Economy Forecast Agency expects AVAX to trade at $ 117.60 by the end of 2021. Their November 2022 forecast targets a value of $ 181.
- WalletInvestor’s 12-month forecast sets AVAX to a target of $ 103.
At the time of this writing, Brenden Rearick held (neither directly nor indirectly) positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s posting guidelines.