Based

Guard

Solana

FOMO

Avalanche

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-substantial-growth-for-avalanche-avax/" data-wpel-link="internal">Analyst Predicts Substantial Growth for Avalanche (AVAX)</a> 
“`html 
Popular crypto-focused YouTube channel Coin Bureau’s host Guy Turner has expressed his expectation for a bullish rise in <a href="https://en.coin-turk.com/avalanche-announces-major-upgrade-implementation/" data-wpel-link="internal">Avalanche</a> (AVAX), a major competitor to Ethereum (ETH). The analyst went as far as to predict a sevenfold increase in AVAX. 
<h2 style="text-align: justify" id="strong-sevenfold-increase-forecasted-for-avalanche-avax-strong">Sevenfold Increase Forecasted for Avalanche (AVAX)</h2> 
Speaking to his millions of followers, Turner argued that one of the key narratives driving the next bull market is the tokenization of real-world assets, a mission aligned with Avalanche‘s goal. Based on Avalanche’s aim to “tokenize all real-world assets,” Turner predicted that the altcoin could rise up to 600% from its current levels. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-315997" src="https://coin-turk.com/wp-content/uploads/2024/02/Altcoin-Avalanche-AVAX.jpeg" alt="" width="1280" height="720"> 
Avalanche’s focus on decentralized <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">finance</a> (<a href="https://coin-turk.com/dydx-artik-yasakladi-rune-snx-enj-1inch-ve-aave-dahil-bircok-altcoin-icin-harekete-gecti" data-wpel-link="internal">DeFi</a>) and a combination of online gaming known as GameFi is also fundamental to Turner’s bullish expectations. Turner believes this combination positions AVAX for significant growth, especially as the cryptocurrency market approaches the peak of FOMO (fear of missing out). Drawing parallels with other high-volume altcoins like Solana (SOL), Turner claimed that AVAX could potentially rise between five to seven times from its current levels in the long term. 
<h2 style="text-align: justify" id="strong-short-term-expectation-around-74-increase-strong">Short-Term Expectation: Around 74% Increase</h2> 
Currently trading at $40.05, AVAX has already achieved significant gains of approximately 350% from its lowest level in October 2023. Referring to a potential bullish formation on the weekly chart, Turner forecasted a short-term increase of around 74%. The analyst claimed that the altcoin could rise to $70 in the coming weeks and could climb even higher if macro conditions remain favorable. 
Despite his positive outlook, Turner warned of potential selling pressure on Avalanche in the near future. He highlighted that Terra’s Luna Foundation Guard owns approximately $80 million worth of AVAX and that with Terra’s recent bankruptcy filing in the US, these AVAX holdings could soon be liquidated. 
The potential sales indicated by the analyst need to be carefully monitored as they have the potential to affect AVAX’s short-term price trajectory and could lead to a downturn by putting pressure on the price. 
“` 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-substantial-growth-for-avalanche-avax/" data-wpel-link="internal">Analyst Predicts Substantial Growth for Avalanche (AVAX)</a></h5>

Analyst Predicts Substantial Growth for Avalanche (AVAX)

Table of Contents

COINTURK NEWS

Other articles published on Feb 17, 2024

Treasury Official Discredits Sen Warren’s Crypto-Terrorism Claims, Undermining Legislative Efforts

SEC fines Van Eck $1.75m over influencer’s role in ETF launch

Bitcoin on Solana | First Bitcoin on SOL | Community Owned | Huge Marketing | Burnt Lp

UK-Based Revolut Aims to Launch an Exchange for Advanced Traders

Grayscale’s Market Moves and Bitcoin’s Stability Amid Genesis Asset Sale

Lack Of Disclosure Costs VanEck Almost $2 Million Fine In SEC’s ETF Investigation

Join our free newsletter for daily crypto updates!