Avalanche Price: Should You Buy Avalanche? AVAX Price Prediction 2022
Avalanche (AVAX) is a smart contract-based blockchain network that prioritises transaction speed, low pricing, and environmental friendliness.
The objective of Avalanche is to develop a flexible and scalable blockchain that maintains decentralisation and security. These are some reasons why investors are clamoring to purchase AVAX.
This article details how to buy Avalanche token for beginners on a secure crypto exchange. We also speculate on Avalanche price predictions.
Where to Buy AVAX – Best Crypto Exchanges Reviewed
1. eToro – Overall Best Broker to Buy Crypto
eToro, established in January 2007, is a well-known online cryptocurrency trader, regulated by the FCA, CySEC and ASIC.
eToro accepts various simple payment methods, including bank transfers, credit/debit cards, and e-wallets like PayPal. About 50 crypto-to-crypto trading pairs are available on eToro.
The CopyTrade tool on the platform allows you to copy successful trades of highly experienced traders for free. Deposits on eToro are also free, but there’s a $5 withdrawal fee.
eToro also allows you to trade large-cap assets such as Bitcoin, Ethereum, Cardano, and over 40 more. Currently, eToro doesn’t provide support for AVAX, but the broker is always expanding their coin offerings and AVAX should be listed in 2022.
- Easy to use
- Highly regulated broker
- Low fees
- Relatively high account minimums
Buy Crypto on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. Binance – Crypto Exchange with High Liquidity
Binance is among one of the most liquid exchanges globally. For beginners, the exchange includes many valuable features and is quite simple to use. The site also offers Binance Academy, a terrific learning site that may help you improve your crypto expertise.
Binance also offers high liquidity and charges a low 0.10% trading fee. You can save an additional 0.025% if you possess the platform’s utility token, BNB.
Binance is a good option for investors looking to profit from their crypto assets through trading, staking, saving, and smart yield farming. The largest Bitcoin exchange offers a variety of income-generating activities through its ‘Earn’ program.
- One of a kind peer-to-peer trading option
- Highly immersive online community
- Wide crypto trading options
Buy Avalanche on Binance.
Your capital is at risk.
3. Coinbase – Best Beginner-Friendly Exchange to Buy Avalanche Coin
Coinbase offers customers a trading platform that is “all crypto, all the time,” with one of the largest cryptocurrency options in one place. The exchange’s Coinbase Pro platform has a clear pricing. However, the basic service tier has expensive trades and a more complicated fee structure. Use Coinbase Pro for a 0.1% maker and taker fee.
Clients can maintain their cryptocurrency assets in Coinbase’s storage and earn staking rewards, rare among the few brokerages that even deal in cryptocurrencies. Coinbase’s customer support, on the other hand, is still inadequate — a flaw that is common among cryptocurrency exchanges.
- Easy to use for beginners
- Great for staking cryptocurrency
- Low fee structure on Coinbase pro
- Limited access to altcoins
Buy Avalanche on Coinbase.
Your capital is at risk.
What is Avalanche Crypto?
Ava Labs released the Avalanche platform and AVAX cryptocurrency in 2020. Avalanche is a proof-of-stake smart-contract platform. The Avalanche token is a utility token that acts as the ecosystem’s primary medium of exchange. AVAX staking protects the network and pays stakers extra AVAX as rewards.
The AVAX coin’s deflationary nature adds to the value gained by staking. Also, AVAX tokens used to pay transaction fees are destroyed, reducing the quantity of AVAX in circulation forever.
Avalanche is a fierce rival for Ethereum, claiming to be the most secure crypto accessible. It also boasts interoperability with both Ethereum’s and its blockchains.
The Avalanche platform allows anybody to create their currency. The platform is designed to be a network of thousands of subnets to enable a very stable currency. The idea is to construct a decentralized, linked network of blockchains composed of individuals from all over the world.
Avalanche is known to have one of the quickest transaction rates on the Ethereum network, as well as a fierce rivalry. It’s a smart-contract platform, allowing developers to write self-executing programs to execute buy-and-sell transactions.
Is Avalanche Coin a Good Investment?
Here’s why you should invest in Avalanche:
1. AVAX employs a unique technology
Many blockchains are either not scalable or lose functionality as they grow. For most blockchains, this has been a long-standing issue. The Avalanche network, on the other hand, avoids most of the problems that other blockchains have by employing three interoperable blockchains:
- The Exchange Chain (X-Chain) produces and exchanges AVAX coins and other assets using the Avalanche consensus method.
- The Contract Chain (C-Chain) is a platform for decentralized apps and smart contracts. Developers can fork EVM-compatible code using the Avalanche Virtual Machine (AVM) (Ethereum Virtual Machine) DApps.
- The Platform Chain (P-Chain) is a network validator coordination system. It keeps track of active subnets and makes it easier to create new ones.
The Avalanche blockchain technology is one-of-a-kind and cutting-edge, potentially being infinitely scalable. As a result, Avalanche has achieved phenomenal development in the crypto market.
2. AVAX doesn’t sacrifice decentralization for scalability
Avalanche is one of the few blockchains that can scale without sacrificing decentralization. Its potential for interoperability with many blockchains is limitless.
Avalanche blockchains alter consensus algorithms based on the use case, and the network has more validators than other networks.
Another advantage is that the basic hardware requirements make it inexpensive and straightforward for validators to set up. Bitcoin rig setup requirements, for example, are expensive and difficult for Bitcoin miners, and they consume a lot of energy.
3. AVAX is interoperable with other blockchains
The scalability and future expansion of Avalanche are heavily influenced by its interoperability. Interoperability across third-party tokens is rare in crypto networks, and its absence limits scalability. The decentralised finance (DeFi) ecosystem benefits from interoperability.
Thousands of subnets make up the Avalanche blockchain, forming a diversified interoperable network of many blockchains. The rate of throughput is always high.
Its protocols and fully-decentralized architecture are efficient, and they don’t jeopardize decentralization at any point.
Avalanche Crypto Price
At press time, AVAX is trading at $70.65, a 0.51% increase in price in the last 24 hours. The utility token is currently trading below the 20-day moving average support price peg of $84.67. However, this bearish trade presents an excellent opportunity for investors to buy AVAX Coin.
AVAX Price Prediction
According to the Avalanche price projection from algorithm-based forecasting site Wallet Investor, AVAX might trade at $184.97 in a year. The site predicts the average price might rise to $659.55in five years.
The AVAX estimate from DigitalCoin predicts that the price will average $95.1 in 2022 and grow to an average of $157.36 in 2025, based on historical data. According to the website, the price might rise from $136.71 in 2026 to $184.19 in 2027, with an average of $291.53 in 2029.
PricePrediction is more positive in the long run, forecasting a $284.02 average price in 2025, up from $102.04 in 2022. According to the report, the price might rise to $2,136.62 by 2030.
According to the Economy Forecast’s algorithm, the price of the AVAX coin might climb to $132.6 in December 2022, then rise to $148 by the end of 2023, and reach $157 by December 2025.
How to Buy Avalanche Crypto – Tutorial
Now that investors know where to buy AVAX, this section contains a detailed tutorial on how to buy AVAX and other crypto assets on our top broker, eToro.
1. Create an account on eToro
On the eToro homepage, select ‘Join Now,’ and fill out the form with your full name, email address, and cell phone number. Create a username and unique password.
2. Verify Identity
You must upload a valid form of identification. A driver’s license or other government-issued ID, as well as a recent utility bill (not older than three months), are required by eToro.
To make deposits, go to the action tab and click ‘Deposit Funds.’ You can use a bank wire transfer, Paypal, credit or debit card, and e-wallets.
4. Buy Crypto
Since Avalanche is not available yet on the eToro platform, you can instead buy your favorite cryptocurrency and exchange for AVAX on a third party swap service. To buy your favorite crypto on eToro, simply type the asset’s name into the search bar and click the ‘Trade’ button. To complete the transaction, enter the amount you want to invest and then click ‘Open Trade.’
Buy Cryptocurrency on eToro.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: Content Produced by CryptoPR