Bullish Outlook
Guy Turner, host of the Coin Bureau YouTube channel, believes that Avalanche (AVAX) has the potential to skyrocket in the next bull market. He attributes this optimism to the project’s focus on tokenizing real-world assets, which he sees as a major trend.
Turner suggests that AVAX could surge by up to 600% from its current level, driven by its GameFi (game finance) focus and the fear of missing out (FOMO) that typically accompanies bull markets.
Short-Term Gains
In the short term, Turner predicts that AVAX could rise by around 74% to $70. He bases this prediction on the formation of a bullish pattern on the weekly chart.
Potential Risks
Turner cautions that AVAX could face selling pressure if the Luna Foundation Guard, which holds $80 million worth of AVAX, liquidates its holdings.
