On May 21, 2024, the Avalanche (AVAX) token hit $41.02, a 12% increase according to CoinMarketCap. This increase follows the successful tokenization of Wine Capital Fund by Oasis Pro and is now listed on ATS via Avalanche C-Chain. 📈

While AVAX is far from its 2021 peak of $146.22, it marks a significant achievement. In March 2024, AVAX rose 34% in one week. As of May 21, 2024, AVAX was ranked 11th among top cryptocurrencies with a market cap of over $15.56 billion. So what's next for the Avalanche? Will the cryptocurrency continue to rise or will it rebound quickly? What are the short and long term forecasts for AVAX? Let's examine these questions.