The Crypto Currency Analyst Explained His Bullish Expectation: Can AVAX Reach the 280 Dollar Levels?


Crypto currency analyst known by the username “SmartContracter” on Twitter, AVAXhe expressed his expectation that the rise in the will continue.

The Analyst’s Target on AVAX is $ 280

Widely followed crypto currency analyst, Ethereum alternative Avalanchedespite the fact that it has doubled in value, their rise may continue, he said. According to their analysis, AVAX can reach 130 dollar price levels by increasing by more than 100% from the current 280 dollar price levels, the analyst said, adding that another crypto currency that is being followed is Cosmos (ATOM), which is touted as the “internet of blockchains”.

The analyst known as SmartContracter on Twitter, ATOMhe stated that the current structure of AVAX is reminiscent of the price movements of AVAX before it went on a parabolic rise.

Another widely followed crypto currency analyst, Michael Van dec Poppe, also expressed on his Twitter account that people are looking for various alternatives due to the high transaction fees on Ethereum, and in this regard, Avalanche’s popularity among investors has increased.

The Current View on AVAX

AVAX, which reached an all-time high by rising from the price levels of 88 dollars to the price levels of 144 dollars in 1 week, showed a high price performance. AVAX although it declined to 129 dollar price levels due to general declines in the market after the peak price levels it recorded, it managed to largely maintain the upward price movements it recorded and did not allow high depreciation rates.

The information contained in this article absolutely does not contain investment advice. Investors should know that cryptocurrencies carry risks due to their high volatility and should conduct their transactions in accordance with their own research.

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