Avalanche (AVAX) has seen a significant rise in investor activity, leading to a 32.8% rally in the weekly charts, nearly 34% in the 14-day charts, and 35.4% over the previous month. Moreover, AVAX’s price has risen by 238.7% since March 2023.
Also Read: Avalanche AVAX Surges To Top-10 in Market Cap, Surpasses SHIB
The Avalanche Foundation has expanded its Board of Directors and launched a new X account. AVAX has also witnessed a surge in demand among high-net-worth individuals, further pushing its price.
Can Avalanche (AVAX) hit $60 this weekend?
According to Changelly, AVAX could surge to $60.61 on Mar. 16, 2024, Saturday, a rise of about 8.9% from current levels. Moreover, Changelly anticipates AVAX to continue rallying for the next few weeks, breaching the $100 mark by the end of the month. The platform anticipates AVAX to hit $101.63 on Mar. 31, 2024, a rise of about 88.62% from current levels.
CoinCodex also paints a bullish picture for Avalanche (AVAX) for the next few weeks. The platform anticipates AVAX to hit $60.62 this Saturday, Mar. 16, 2024. Moreover, CoinCodex predicts AVAX to reach $183.05 on Apr. 10, 2024, a rise of about 229% from current levels. Reaching $183.05 would also be a new all-time high for the asset, surpassing its previous peak of $144.96, which it attained in November 2021.
Telegaon, however, is quite bearish on Avalanche (AVAX), predicting the asset to hit a maximum price of $81.12 in 2024. The platform does not anticipate AVAX to reclaim its all-time high until at least 2026, reaching a maximum of $157.34 for the year.
If Bitcoin (BTC) continues its bullish outlook, other altcoins may do the same. BTC’s surge is likely due to increased inflows into spot BTC ETF (Exchange Traded Fund) products, which the US SEC (Securities and Exchange Commission) approved in January 2024.