Avalanche (AVAX) is one of the top-performing altcoins right now. The popular smart contracts platform Avalanche took over the web3 news as the AVAX altcoin rapidly rose with renewed bullish momentum at the end of 2023 and the start of 2024. Seeing its steady growth, crypto analysts remarked that Avalanche (AVAX) might soon hit the $50 mark.
Breaking a 750-day descending resistance trend line, AVAX created eight bullish weekly candlesticks in only nine weeks. The innovative contract platform Avalanche saw a surge in app development, pushing AVAX’s value to new levels that it hasn’t reached since spring 2022.
Crypto market analysts, including Bluntz Capital and Flash, are bullish about AVAX, and investors love it. While AVAX enjoys investors’ attention, another highly sought-after investment will push trading to new heights.
In this article, we will look at two of the hottest investment opportunities in crypto right now: Avalanche (AVAX) and Option 2 Trade (O2T).
Avalanche (AVAX) Upward Trend:
Over the last month, Avalanche’s price has gained massive movement, even outperforming Bitcoin (BTC). While the altcoin’s price didn’t gain much momentum for most of the year, it gained traction in November and surged in December. Bitcoin’s (BTC) value increased by approximately 150% since January. Meanwhile, during the same period, the value of AVAX has skyrocketed by over 280%.
This sudden upward trend of Avalanche’s (AVAX) price caught widespread media attention for surpassing other popular cryptocurrencies such as Cardano (ADA) and Solana (SOL). Investors saw this as an opportunity as market analysts shared bullish sentiments.
The Avalanche network also saw a surge in transactional activity, reaching record-breaking levels. From December 14 onwards, IntoTheBlock reports that Avalanche has consistently recorded over 5 million daily transactions on every trading day.
Avalanche (AVAX) Transaction Count vs. Price | Source: IntoTheBlock
According to the data provided by IntoTheBlock, almost 80% of AVAX holders are currently experiencing profitable conditions. This marks the first time since the bull market in 2021 that such a high percentage of holders have been in a profitable state.
Can Avalanche (AVAX) hit $50 next?
The price of Avalanche (AVAX) may soon experience a correction as the current trend in the cryptocurrency market follows Bitcoin’s (BTC) trajectory. However, market analysts and traders on X are optimistic about the future of AVAX and share bullish sentiments. Bluntz Capital predicts an end to the bullish wave count with the completion of the fifth and final wave, which they expect to reach the $55 mark. On the other hand, Flash is optimistic about the future and has set a target of $65, citing a breakthrough from a long-term pattern and movement above a critical horizontal resistance zone.
Bluntz Capital tweet about AVAX |Source: X
Some analysts suggest that AVAX was undervalued before its recent surge. This implies that the token may stabilize at its present levels if it avoids a correction.
As per on-chain data trends, Avalanche’s fundamental growth factors continue to strengthen, indicating the price rally could enter another upward trend in the coming weeks. According to some analysts, Avalanche’s (AVAX) recent price surge may be due to its partnership with JPMorgan and Citi – two of the most prominent financial institutions in the world. If the rally persists, the next target could be set at $50.
Option2Trade (02T): Fueling the DeFi Revolution
The decentralized finance (DeFi) world is rapidly evolving, and investors are looking to invest in its promising future. From p2p lending and advanced insurance solutions to the digitization of real-world assets, DeFi innovators are creating disruptive solutions that could change the face of personal and corporate finance in the next five to ten years. The crypto tokens that power these new solutions will deliver significant long-term value to early adopters.
Option2Trade (02T) is one such promising example. Option2Trade is a licensed global trading platform ready to disrupt traditional trading by introducing Web3 social trading and AI algorithms. The innovative trading platform hosts multiple asset markets, including Forex, Indices, Stocks, Commodities, and now cryptocurrency.
The O2T token (ERC20), powering the Option2Trade platform, is currently in its presale round, starting at 0.007 USD, and investors are eager to grab it.
The Takeaway
While AVAX enjoys widespread media attention for its upward trend, other investors are eager to grab innovative tokens like O2T that show promising growth in the future.
To learn more about Option2Trade (02T) or profit from the presale round, visit:
