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 <p><a rel="noopener noreferrer nofollow" title="Avalanche" href="https://thebittimes.com/tag/avalanche.html">Avalanche</a> (AVAX) is currently the best-performing cryptocurrency among the top 10 projects. The token has surged by over 50% in the weekly charts, over 82% in the last 14 days, and more than 116% over the previous month. Since January 2023, AVAX’s price has surged by over 270%, far outshining Bitcin’s (BTC) almost 150% growth in the same time frame.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="903" src="https://cdn.thebittimes.com/images/2023/12/16/875b912c5d3f333d9f3fc17da3051c40.webp" alt class="wp-image-122074" srcset="https://cdn.thebittimes.com/images/2023/12/16/875b912c5d3f333d9f3fc17da3051c40.webp 1024w, https://cdn.thebittimes.com/images/2023/12/16/875b912c5d3f333d9f3fc17da3051c40.webp 300w, https://cdn.thebittimes.com/images/2023/12/16/875b912c5d3f333d9f3fc17da3051c40.webp 768w, https://cdn.thebittimes.com/images/2023/12/16/875b912c5d3f333d9f3fc17da3051c40.webp 1536w, https://cdn.thebittimes.com/images/2023/12/16/875b912c5d3f333d9f3fc17da3051c40.webp 380w, https://cdn.thebittimes.com/images/2023/12/16/875b912c5d3f333d9f3fc17da3051c40.webp 550w, https://cdn.thebittimes.com/images/2023/12/16/875b912c5d3f333d9f3fc17da3051c40.webp 800w, https://cdn.thebittimes.com/images/2023/12/16/875b912c5d3f333d9f3fc17da3051c40.webp 1160w, https://cdn.thebittimes.com/images/2023/12/16/875b912c5d3f333d9f3fc17da3051c40.webp 1656w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: CoinGecko
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 <p><strong>Also Read: Here’s How to Be a Millionaire When <a rel="noopener noreferrer nofollow" title="Avalanche" href="https://thebittimes.com/tag/avalanche.html">Avalanche</a> (AVAX) Hits $50</strong></p>
 <p>However, <a rel="noopener noreferrer nofollow" title="Avalanche" href="https://thebittimes.com/tag/avalanche.html">Avalanche</a> (AVAX) was struggling for most of 2023. The asset’s price only began to rally in mid-October and gained significant traction in the first week of December. One should note that the larger crypto market faced a correction in early December while AVAX was pumping.</p>
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 <p>One reason for AVAX’s stellar performance in December could be JPMorgan and Citi&nbsp;partnering with the <a rel="noopener noreferrer nofollow" title="Avalanche" href="https://thebittimes.com/tag/avalanche.html">Avalanche</a> Foundation for their real-world asset (RWA) tokenization plans. Moreover, the project released 3 million AVAX tokens into circulation this month. The tokens went towards staking rewards. The massive token unlock may have also helped the asset’s price appreciate.</p>
 <h3 class="wp-block-heading" id="h-will-avalanche-avax-hit-50-next">Will Avalanche (AVAX) hit $50 next?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="512" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Avalanche" class="wp-image-17845 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp.webp 300w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp.webp 768w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp.webp 380w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp.webp 550w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp.webp 800w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp.webp 1140w" data-srcset-img="https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 1024w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 300w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 768w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 380w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 550w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 800w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 1140w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="512" src="https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp" alt="Avalanche" class="wp-image-17845" srcset="https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 1024w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 300w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 768w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 380w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 550w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 800w, https://cdn.thebittimes.com/images/2023/12/16/b418f1031d835a089a379e42143b0430.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px">
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  <figcaption class="wp-element-caption">
   Source: cryptopolitan
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 </figure>
 <p>There is a chance that AVAX will face a correction in the next few weeks. According to the machine learning algorithm at PricePredictions, AVAX’s price may fall below $40 by Dec. 20, 2023. Moreover, the platform anticipates a bearish outlook for the token in early 2024.</p>
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 <p>CoinCodex, on the other hand, predicts Avalanche (AVAX) to continue on its bullish path. Analysts at the platform expect AVAX to hit $44.36 on Dec. 21, 2023, a growth of about 8% from current levels. However, the platform anticipates AVAX’s price to dip below $40 in the first week of January 2024.</p>
 <figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="367" src="https://cdn.thebittimes.com/images/2023/12/16/d696aef88ec3358d2c85859d776a169d.webp" alt class="wp-image-122075" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2023/12/16/d696aef88ec3358d2c85859d776a169d.webp 1024w, https://cdn.thebittimes.com/images/2023/12/16/d696aef88ec3358d2c85859d776a169d.webp 300w, https://cdn.thebittimes.com/images/2023/12/16/d696aef88ec3358d2c85859d776a169d.webp 768w, https://cdn.thebittimes.com/images/2023/12/16/d696aef88ec3358d2c85859d776a169d.webp 1536w, https://cdn.thebittimes.com/images/2023/12/16/d696aef88ec3358d2c85859d776a169d.webp 380w, https://cdn.thebittimes.com/images/2023/12/16/d696aef88ec3358d2c85859d776a169d.webp 550w, https://cdn.thebittimes.com/images/2023/12/16/d696aef88ec3358d2c85859d776a169d.webp 800w, https://cdn.thebittimes.com/images/2023/12/16/d696aef88ec3358d2c85859d776a169d.webp 1160w, https://cdn.thebittimes.com/images/2023/12/16/d696aef88ec3358d2c85859d776a169d.webp 1706w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: CoinCodex
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 </figure>
 <p><strong>Also Read: What is <a rel="noopener noreferrer nofollow" title="Avalanche" href="https://thebittimes.com/tag/avalanche.html">Avalanche</a> (AVAX)?</strong></p>
 <p>Changelly expects AVAX to hit $41.98 on Dec. 21, 2023. However, the firm predicts the token’s price to fall to $37.54 on Dec. 28, 2023, a drop of about 8.5% from current levels.</p>
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  <li>Avalanche</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/avalanche-avax-surges-115-can-it-hit-50-next-tbt73854.html">https://thebittimes.com/avalanche-avax-surges-115-can-it-hit-50-next-tbt73854.html</a></p>

Avalanche (AVAX) Surges 115%, Can it Hit $50 Next?

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