Avalanche (AVAX) is the 14th-ranked cryptocurrency, priced at $22.22, indicating a 3.04 percent increase over the day

It has a market cap of 9.37 billion, which indicates strong investor interest. A 24-hour trading volume of $513.31 million, an increase of 16.52 percent

Avalanche (AVAX) is currently trading at $22.22, showing an increase of 3.04 percent over the day, rendering it the 14th-ranked cryptocurrency. It has a market cap of 9.37 billion, which indicates strong investor interest in the token. A 24-hour trading volume of $513.31 million, up 16.52 percent, indicates a very active market and an increase in belief in AVAX’s potential.

The Avalanche blockchain’s low fees and high throughput make it a popular choice among developers, especially in the gaming and DeFi sectors. The announced 2025 Avalanche 9000 upgrade will provide scalability with subnets, allowing for bespoke layer-1 solutions. This technological advantage is driving the growth of the Avalanche ecosystem.

Among the focal points of the 2025 Avalanche Summit in London was the partnership with Mastercard, SMBC, and Visa, which has generated some optimism. The AVAX card will enable spending crypto and increase its real-world usability. Partnerships, such as with DYOR, and games, such as MapleStory N, which will launch on May 15, 2025, will bring more projects into the Avalanche ecosystem and expand the user base.

Despite the gains, there have been setbacks. The SEC’s delay in approving the Grayscale AVAX ETF until July 15 has soured the mood, and the token fell by 13.49% last week to $20.07 in May. More than 90 percent of holders were in losses, and a -6.82 percent TVLB DeFi indicated bearish pressure, but it is recovering.

On-chain data supports a bullish attitude. In March, the long-to-short ratio of AVAX reached a monthly high, reflecting the high demand for the token. The recent trading volume of 828,220 AVAX indicates increased activity. The company’s fully diluted valuation of 15.9 billion dollars highlights its growth prospects in a competitive marketplace.

The practical applications of Avalanche, such as digitizing land records in India, showcase its real-world impact. Its ability to execute transactions quickly and cheaply makes it attractive to institutions and retail investors alike. Scalable solutions in the form of subnets are interesting to institutions like JP Morgan and Citi, further boosting the credibility of AVAX.

In a competitive landscape with Solana and Cardano, the subnet architecture offers a unique advantage. With a total supply of 456.81 million and a max supply of 715.74 million, the mint-and-burn model appears sustainable. A circulating supply of 421.81 million facilitates stable liquidity, which contributes to the stability of the market.

Avax’s price continues to be volatile, having traded as low as $20.07 and as high as $33.82 in May. Analysts are expecting a short-term range of 18.50 to 33.36, with an average of 22.13 in May. Breaking above $23 would bring Avax to $24.50, and $19.50 is a critical support area.

Both institutional and retail attention was drawn to the Avalanche Summit 2025, which supports the growth narrative of Avax. Tweets on X highlight a X 66% DeFi TVL growth and 18% more transactions in Q3 2024, showcasing a vibrant ecosystem. The support of such a reputable institution as Standard Chartered provides an additional confirmation of Avax’s long-term investment attractiveness.

The gaming industry is one of the flourishing sectors in Avalanche, and MapleStory N has a Web3 version that leverages the blockchain. It’s an NFT market and an active meme coin community that present diversity. The low-cost and high-throughput transactions make Avalanche a preferred choice among developers, leading to adoption and expanding the utility of Avax.

The SEC has been taking an undue amount of time in approving Avax ETFs, with Nasdaq and VanEck among the filing companies, creating uncertainty. While regulatory challenges might hinder institutional adoption, the partnership with financial giants like Visa lessens the risk. A possible ETF approval may lead to price gains by July 2025.

In a bullish scenario, analysts project Avax to hit $74.60 in 2025 due to the expanding ecosystem and institutional support. The Etna upgrade will enhance scalability, setting up Avalanche to be used in enterprises. This makes it suitable for long-term relevance in the blockchain world due to its capability to handle complex use cases.

The active developer and community engagement is fueling the growth of Avalanche. Data from a recent analysis of the blockchain indicates a remarkable 240% increase in TVL since