Avalanche’s native token, AVAX, is making waves in the market as it gears up for a potential price rally towards $30, coinciding with the highly anticipated debut of MapleStory N in the GameFi space.
The recent price trajectory of AVAX has drawn attention, with an increase of over 10% marked after surmounting the crucial resistance level of $20.40, briefly reaching $22.40 before stabilizing around $21.
Avalanche’s ecosystem is witnessing unprecedented growth, currently featuring a Total Value Locked (TVL) of $1.29 billion, which reflects a 6.8% increase from the previous month.
The token is presently trading at $20.99, boasting a market capitalization of $8.8 billion, albeit having experienced a 23.62% decline over the last 30 days. Analysts speculate…
— ΞLIKRYPTO (@Elikrypt) May 1, 2025
This uptick is supported by robust trading volume and a technical chart suggesting a shift in trend following months of consolidation. With a support level now identified at $19.50, a subsequent target of $25 appears plausible.
Avalanche Crypto’s Surge Linked to GameFi Launch
The surge in AVAX is not merely due to chart patterns; the imminent entry of MapleStory N, a revival of Nexon’s popular RPG franchise, is a major driving force for this price prediction. Launching on May 15 via Avalanche’s Henesys subnet, this endeavor marks significant progress in Web3.
The Launch Countdown has just started. 📅 Get ready to mint your new story, MapleStory N here. — MapleStory Universe (@MaplestoryU) May 1, 2025
With nearly 1 million registered wallets and over 31 million on-chain transactions reported during its test phase, MapleStory N’s adoption rate stands out prominently.
Implications for AVAX Holders
First, Avalanche is set to benefit from value accruing at the network level. Unlike other Layer 1 platforms, Avalanche’s tailored subnets like Henesys facilitate gas fees that directly enhance AVAX economics. An uptick in activity on Henesys could lead to increased demand for AVAX for staking and gas.
Additionally, this merger of mainstream gaming with crypto infrastructure is unique. MapleStory, known globally with a player base exceeding 250 million, is now integrating tradeable on-chain assets on Avalanche’s network.
Should MapleStory N succeed, it might set new standards for Web3 gaming, positioning Avalanche as a prime destination for traditional gaming studios transitioning into the blockchain space.
AVAX Price Outlook
Looking ahead, maintaining a bullish trend could see AVAX testing the $27 resistance level, with potential movement towards $30–$33 possible if the overall market sentiment remains positive, particularly for Bitcoin above $60,000.
Longer-term projections suggest that a parabolic increase to $50 by May may not be far-fetched, hinging on a successful MapleStory launch and a broader altcoin rally.
For now, analysts establish a trading range of $24–$28 for May, advising that drops below $18 could serve as prime buying opportunities.
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