Avalanche price (AVAX) has gained traction in recent days, rising 4.2% over the past 24 hours to $29.47, with trading volume increasing 86.5% to $1.05 billion. This comes on the heels of Avalanche’s perpetual futures volume rising by $12 billion over the last six months.
Moreover, this surge in activity follows a wave of bullish institutional headlines. Nasdaq-listed AgriFORCE rebranded as AVAX One on September 22, aiming to raise $550 million to build a $700 million AVAX treasury. And staking those assets at Avalanche’s average 6.7% APY could yield nearly $47 million annually.
The crypto accumulation strategy aligns with the Avalanche Foundation’s existing $1 billion corporate treasury initiative and echoes the Strategy’s Bitcoin playbook. Analysts argue that such large-scale token accumulation could reinforce long-term demand while tightening liquid supply.
Institutional Catalysts and On-Chain Dynamics
Avalanche’s partnership with Mirae Asset Global Investments, which manages more than $300 billion in assets, adds further institutional weight. The collaboration focuses on fund tokenization and on-chain finance, a narrative currently gaining traction across global markets.
Meanwhile, network upgrades are boosting technical capacity. Developers voted to raise gas throughput to 2.2 million gas per second, a move aimed at scaling performance.
On-chain data from Token Terminal shows 45,100 daily active addresses, ranking Avalanche 12th among blockchains, with consistent competitive positioning.
Revenue metrics also bolster the case for sustainability. Over the last three years, Avalanche has generated $891 million in transaction fee revenue, ranking fourth globally among blockchains behind only Tron, Ethereum, and Solana.
Traders Turn Bullish, Calling $50 Avalanche Price Prediction
Technical analysts are flagging a potential breakout. CryptoPulse noted that AVAX is trading under $30, which looks “severely undervalued” compared to its 2021 all-time high of above $130, adding that fundamentals and momentum are aligning. Their forecast sets a first target near $50, with stop-losses around $23 to protect against downside risk.
Other traders emphasize critical levels. Analyst Kanka pointed to AVAX’s “golden cross,” when the 50-day moving average climbs above the 200-day moving average, as a bullish signal, provided the price holds above $27.
“$27 is important,” he warned, suggesting a breakdown below could invalidate the setup.
The broader sentiment echoes optimism. According to DeFiLlama, Avalanche’s total value locked (TVL) stands at $3.1 billion, while its daily DEX trading volume recently surpassed $462 million, suggesting strong on-chain engagement.
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