- AVAX climbs 4.50% in 24 hours, trading at $19.99 with a $339.52M volume surge.
- VanEck ETF filing fuels investor optimism and institutional interest in Avalanche.
- Analyst targets and 2025 forecasts suggest modest but steady long-term gains.
Avalanche (AVAX) is on a bullish trend after a long time of volatility. AVAX is experiencing a surge in its price with the overall market due to the recent surge in BTC price. Recently, the whole market has moved from bearish to bullish. AVAX is among the coins that enjoy this trend reversal.
AVAX saw a sharp surge, currently trading at $19.99, a 4.50% increase within the last 24 hours. Moreover, its trading volume surges by 24.83% to $339.52 million, and the cryptocurrency is maintaining an upward trend, with a 7-day performance being 16.61% higher. Industry experts attribute a combination of technical momentum and growing investor confidence to be major drivers of this growth.
AVAX Could Reach $30 as Investor Sentiment Turns Bullish
Crypto expert Miya has expressed strong confidence in Avalanche ($AVAX), signaling a bullish outlook for its future performance. With current market momentum, she sees a clear path for AVAX to reach the $30 mark.
According to her, this phase presents an ideal accumulation opportunity for investors, especially before any major breakout. The optimism stems from the growing strength in AVAX’s trend, supported by solid technical indicators and renewed interest in Layer 1 projects.
In simple terms, if the buying pressure continues and broader market sentiment remains positive, AVAX could be gearing up for a notable rally, making now a potentially smart time to get in.
VanEck Files for Avalanche ETF and Seeks SEC Approval
A significant development occurred Thursday when asset management firm VanEck filed a 19b-4 form with the U.S. Securities and Exchange Commission, signaling its intent to launch an Avalanche ETF.
This follows an earlier S-1 registration filed in March and makes VanEck the second asset manager to pursue such a product. Bloomberg analyst James Seyffart confirmed the update, noting that Nasdaq would host the ETF upon approval.
This action would provide retail and institutional investors with direct exposure to AVAX via a regulated investment vehicle. The ETF, once live, would be based on the Market Vector Avalanche Benchmark Rate and be traded as a commodity fund.
The announcement reflects an increasing institutional demand for Avalanche and its layer-1 blockchain features, including high throughput and Ethereum Virtual Machine (EVM) compatibility.
With a market capitalization of around $7.5 billion, AVAX currently stands at number 13 worldwide based on market capitalization, reinforcing its position in the digital assets arena.
AVAX $16-$20 Range by April 2025
Changelly’s prediction for April 2025 indicates AVAX to trade somewhere between $16.33 and $20.47, with an average price of $18.40, a future potential return of 5.4%. More comprehensive projections for a full calendar year see the token’s average price at $20.94 with an expected return of 4.7%.
These forecasts, though cautious, are consistent with Avalanche’s recent trend, especially if bullish drivers such as the ETF approval materialize. Institutional demand, good fundamentals, and accelerating adoption can keep driving AVAX’s rise through the rest of the year.