Avalanche Research Hub | AVAX information, history and analysis
Avalanche is an open-source platform for developing decentralized finance (DeFi) apps, financial products, and transactions, as well as other services. Avalanche was created to become a global exchange that allows anyone to launch a DApp, support the trade of any type of property and control it in a decentralized way by using smart contracts and other advanced technologies. The developers claimed that Avalanche would be the first smart contract to complete a transaction in less than a second.
Avalanche was founded and developed by a group of computer science experts and PhDs from prominent US universities. It features CEO Emin Gün Sirer, who successfully developed and implemented the first cryptocurrency that used Proof-of-Work (PoW) to mint coins, and COO Kevin Sekniqui, a doctorate candidate with extensive software experience at companies like Microsoft and NASA JPL.
AVAX is the original token of the Avalanche platform, which serves as a payment and reward system for users and implements various tasks within Avalanche’s protocols. It serves the following purposes:
- Payment: All operations carried out on Avalanche sub-networks must be compensated in AVAX.
- Staking: Participants who stake from 2000 AVAX onwards can become Avalanche validators or block creators.
Avalanche’s stablecoin supply increased significantly over the year, yet AVAX’s price has dropped. This discrepancy highlights that although liquidity is rising, it is not driving demand for AVAX primarily due to limited active involvement in DeFi.
Analysts believe that the crypto market may stabilize by June if ongoing tariff negotiations lead to improved investor confidence, despite current pressures impacting the market.
AVAX is positioned for potential short-term gains due to Bitcoin’s movement near 83,000 USD and GameStop’s announcement to hold Bitcoin as a treasury asset.
As Bitcoin holds steady at 83,000 USD, institutional interest grows. GameStop’s decision has led to a new record in Open Interest, indicating market strength and bullish sentiment.
With increased adoption and lower transaction fees, AVAX addresses and transactions surged, offering a promising long-term outlook as AVAX’s performance remains closely tied to Bitcoin’s momentum.
Avalanche and Gelato have collaborated to launch a service that simplifies the deployment of independent blockchains for institutions, a significant step towards institutional blockchain adoption.
This new service significantly reduces costs and technical complexities, helping institutions navigate blockchain solutions more effectively and enhancing interoperability with Avalanche’s InterChain Messaging.
Nasdaq has submitted a filing to the SEC to list Grayscale’s spot Avalanche ETF, aiming to enhance investment access to AVAX, reflecting significant institutional interest in digital assets.
The proposed ETF will track the spot price of AVAX, the native token of the Avalanche network. Grayscale has yet to assign a ticker symbol for the ETF.
Despite the ETF proposal, there has been no immediate reaction in AVAX’s market value, which currently stands at approximately 8.4 billion USD.
AVAX has experienced more than a 11% increase recently, pushing its price above 21 USD. This comes after a previous rise of nearly 19%.
Despite recent gains, AVAX is still down 85% from its all-time high of 146.22 USD. Technical indicators show strong bullish sentiment among traders.
If AVAX can close above the resistance level of 20.99 USD, it may target a 24.99 USD price point, indicating a possible 17% increase toward the major psychological level of 30 USD.
At a price of 18.71 USD, AVAX has seen a decrease of 2.13% in the last 24 hours. This downward trend has raised caution among traders, as they assess potential recovery opportunities.
Despite recent turmoil, including the resignation of three board members, large investors are still showing interest. Whale activity indicates a significant accumulation of AVAX, which may signal a potential price reversal.
AVAX’s trading volume has dropped by 38.92%, alongside declining Open Interest, indicating trader hesitation. However, if Bitcoin’s upward trend continues, it could support AVAX’s recovery prospects.
Over the past week, Avalanche (AVAX) has seen its price surge approximately 10%, now standing at around 19.65 USD. In just the last 24 hours, it has increased by about 7%, demonstrating strong market momentum.
Noteworthy large-scale investors, referred to as “whales,” have heavily invested in AVAX. Recently, they bought 4.7 million AVAX valued at close to 90 million USD, indicating robust confidence in the cryptocurrency.
With the introduction of an AVAX-focused ETF by VanEck and positive technical indicators, many analysts foresee a potential price rise towards 25 USD or possibly 30 USD, assuming the current momentum continues.
To shift towards a bullish market structure, Avalanche must achieve a daily close above 24.95 USD. The 20 USD mark remains a critical resistance level, and recent pressures suggest a bearish continuation towards the 14 USD support.
High trading volumes highlight strong selling pressure following the November rally, indicating ongoing bearish momentum. The 20 DMA at 20.29 USD is acting as resistance, making any significant recovery challenging.
VanEck filed for an Avalanche ETF with the SEC to give investors exposure to AVAX.
Avalanche ranks as the 16th largest cryptocurrency, valued at around 7.7 billion USD.
As of March 12, 2025, AVAX is priced at 18.43 USD, reflecting a 7.84% increase over the last 24 hours. The market capitalization has reached 7.57 billion USD, with trading volume at 512.9 million USD.
Despite recent gains, AVAX is still down 87% from its all-time high. Analysts note the volatility may influence future price movements, relying on market sentiment and potential bullish trends.