{"id":13271,"date":"2025-10-13T17:28:15","date_gmt":"2025-10-13T17:28:15","guid":{"rendered":"https:\/\/bitunikey.com\/news\/avalanche-price-targets-60-jump-as-avax-burn-rate-jumps\/"},"modified":"2025-10-13T17:28:19","modified_gmt":"2025-10-13T17:28:19","slug":"avalanche-price-targets-60-jump-as-avax-burn-rate-jumps","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/avalanche-price-targets-60-jump-as-avax-burn-rate-jumps\/","title":{"rendered":"Avalanche price targets 60% jump as AVAX burn rate jumps"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Avalanche\u2019s price has rebounded 160% from its lowest point on Friday as sentiment in the crypto market improved.<\/p>\n<div id=\"cn-block-summary-block_84ad39926ebbf2da905e920f9220729d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Avalanche price has jumped by 160% from the year-to-date low.\u00a0<\/li>\n<li>The AVAX burn rate has continued to accelerate this year.<\/li>\n<li>Technical analysis points to more gains, potentially to $36.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">AVAX burn rate and transactions are soaring<\/h2>\n<p>Avalanche (AVAX) token soared to a high of $22.70, much higher than this month\u2019s low of $8.92. This rebound may continue amid the ongoing AVAX token burns, transaction growth, and its growing market share.<\/p>\n<p>Data show that the number of burned AVAX tokens has surpassed 4.8 million, now worth over $108 million. Most importantly, the average daily burn rate has climbed to about 1,500 per day, up from roughly 500 earlier this year.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Over the past week, total <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$AVAX<\/a> burned surpassed 4.8M, which is roughly $108M USD. In the grand scheme of things this may not sound like a lot, but the metric to focus on here is the rate of burn. At the beginning of the year <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/avax?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@avax<\/a> was averaging less than 500 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$AVAX<\/a> burned per\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/9N3WoW9GY6\">pic.twitter.com\/9N3WoW9GY6<\/a><\/p>\n<p>\u2014 Joey \ud83d\udd3a (@joeycannoli9) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/joeycannoli9\/status\/1977736117685211411?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">October 13, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The rising AVAX token burn happened as the amount of fees generated to the network continued growing. Data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tokenterminal.com\/explorer\/projects\/avalanche\/financial-statement\" target=\"_blank\" rel=\"nofollow\">TokenTerminal<\/a> shows that the network\u2019s fees rose by 107% in September to $1.5 million, up from $710,000 in August. Avalanche burns all the fees it generates.<\/p>\n<p>Avalanche\u2019s network has benefited from its growing adoption. For example, it has become a major player in the real-world asset tokenization industry. Its RWA industry has over <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.rwa.xyz\/networks\/avalanche\" target=\"_blank\" rel=\"nofollow\">$746 million<\/a> in assets, including those from Janus Henderson, BlackRock, and Franklin Templeton.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Avalanche\u2019s stablecoin supply has jumped to over $2.7 billion as the number of stablecoin holders jumped to over 3.48 million.\u00a0<\/p>\n<p>Also, it has become a major player in the non-fungible tokens industry, where its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cryptoslam.io\/blockchains\/avalanche\" target=\"_blank\" rel=\"nofollow\">volume jumped<\/a> by 484% in the last seven days to $16.6 million. It has now become the second-biggest player in the NFT industry after Ethereum.<\/p>\n<p>Avalanche\u2019s transactions have also been in a strong uptrend in the past few months. Its transactions jumped to over 50 million in October. According to Nansen, transactions rose by 15% in the last 30 days to 49.7 million.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Avalanche price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">AVAX price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily time frame chart shows that AVAX has rebounded from a low of $8.9260 to $22.76. It formed a large hammer candlestick with a small body and a long lower shadow.<\/p>\n<p>A hammer typically signals potential continuation after a sell-off. Bulls may target resistance at $26.52, the high from May and July.<\/p>\n<p>A break above that level would point to further gains, potentially to $36, about 60% above the current level. A drop below the psychological $15 area would invalidate the bullish outlook.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avalanche\u2019s price has rebounded 160% from its lowest point on Friday as sentiment in the crypto market improved. Summary Avalanche price has jumped by 160% from the year-to-date low.\u00a0 The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=13271"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13271\/revisions"}],"predecessor-version":[{"id":13272,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/13271\/revisions\/13272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2397"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=13271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=13271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=13271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}