Avalanche (AVAX) has witnessed a significant increase in investor activity, resulting in a 32.8% increase on the weekly chart, nearly 34% on the 14-day chart, and 35.4% compared to last month. Furthermore, the price of AVAX has increased by 238.7% since March 2023.
The Avalanche Foundation has expanded its Board of Directors and launched a new X account. AVAX has also witnessed an increase in demand from high net worth individuals, driving its price even higher.
Can Avalanche (AVAX) reach $60 by the end of this week?
According to Changelly, AVAX could rise to $60.61 on Saturday, March 16th, 2024, an increase of about 8.9% from the current level. Furthermore, Changelly predicts that AVAX will continue to rise in the coming weeks, surpassing $100 by the end of the month. The platform forecasts that AVAX will reach $101.63 on March 31st, 2024, an increase of approximately 88.62% from the current level.
CoinCodex also paints a bullish picture for Avalanche (AVAX) in the coming weeks. The platform predicts that AVAX will reach $60.62 this Saturday, March 16th, 2024. Furthermore, CoinCodex predicts that AVAX will reach $183.05 on April 10th, 2024, an increase of about 229% from the current level. Achieving $183.05 would also be an all-time high for this asset, surpassing its previous peak of $144.96 reached in November 2021.
However, Telegaon is quite pessimistic about Avalanche (AVAX), predicting that the asset will reach a maximum price of $81.12 by 2024. This platform does not foresee AVAX reclaiming its all-time high until at least 2026, reaching a maximum of $157.34 for the year.
If Bitcoin (BTC) continues its bullish trend, other altcoins may follow suit. The increase in BTC could be attributed to capital inflows into BTC ETF (Exchange-Traded Fund) products that the U.S. Securities and Exchange Commission (SEC) approved in January 2024.
