Coin Bureau: AVAX will fall to $10.00

Said on Jun 2, 2022, at 16:00 in the video.

What was said
Coin Bureau

@coinbureau

“it's quite possible that avax could fall as low as 10 during this bear Market but with some luck we could see it reclaim that strong level of support around the 40 range”
Watch at 16:00Avalanche: What’s Up With AVAX?! This Will Surprise You!!
PredictionAVAXwill fall to $10.00Checked at fixed windows, from 30 days to 5 years
What happenedafter 1 year
Partly correct

Entry price (first close after the video)

$24.63

Jun 2, 2022

Price at close

$14.49

Jun 2, 2023

Return

−41.2%

AVAX was $24.63 on Jun 2, 2022. The target was $10.00. Between then and Jun 2, 2023 the low was $10.54, so the level was not reached.

30 days

Partly correct

90 days

Incorrect

180 days

Partly correct

1 year

Partly correct

The window it was checked over

AVAXWindow checkedTarget named
$0$20$40$60$80$100$120$140Dec 2021Apr 2022Aug 2022Dec 2022Apr 2023Aug 2023Target $10.00Said on Jun 2, 2022
$0$50$100$150Dec 2021Jun 2022Jan 2023Aug 2023Target $10.00Said on Jun 2, 2022

AVAX closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.

Result at every window

All windows are shown, so none is picked
Result at every window
WindowResultAt the startAt the endChangeBenchmark
30 daysR-PT v4Partly correct$24.63Jun 2, 2022$16.33Jul 2, 2022−33.7%—
90 daysR-PT v4Incorrect$24.63Jun 2, 2022$19.14Aug 31, 2022−22.3%—
180 daysR-PT v4Partly correct$24.63Jun 2, 2022$12.47Nov 29, 2022−49.4%—
1 yearR-PT v4Partly correct$24.63Jun 2, 2022$14.49Jun 2, 2023−41.2%—
3 yearsR-PT v4Correct$24.63Jun 2, 2022$20.88Jun 1, 2025−15.2%—
5 yearsR-PT v4Pending——Jun 1, 2027——
Why: 30 days

AVAX was $24.63 on Jun 2, 2022. The target was $10.00. Between then and Jul 2, 2022 the low was $13.71, so the level was not reached.

Why: 90 days

AVAX was $24.63 on Jun 2, 2022. The target was $10.00. Between then and Aug 31, 2022 the low was $13.71, so the level was not reached.

Why: 180 days

AVAX was $24.63 on Jun 2, 2022. The target was $10.00. Between then and Nov 29, 2022 the low was $11.44, so the level was not reached.

Why: 1 year

AVAX was $24.63 on Jun 2, 2022. The target was $10.00. Between then and Jun 2, 2023 the low was $10.54, so the level was not reached.

Why: 3 years

AVAX was $24.63 on Jun 2, 2022. The target was $10.00. Between then and Jun 1, 2025 the low was $8.61, so the level was reached.

Why: 5 years

Not yet resolved. The window closes Jun 1, 2027.

What was said around it

chain the fact that avax isn't required to pay for transaction fees on Avalanche subnets could have a negative effect on its future price action as it would decrease the demand for avex but Emin argues that demand for avacs coming from subnet validators will suffice since they must stake 2 000 avacs each what's funny is that this setup makes avalanche's economic architecture eerily similar to those of polkadot and Cosmos we recently compared those projects and you can find that video in the description anyways it's quite possible that avax could fall as low as 10 during this bear Market but with some luck we could see it reclaim that strong level of support around the 40 range whether avax reclaims this key support level and goes beyond ultimately depends on avalanche's upcoming milestones although Avalanche apparently does have a road map an administrator for avalanche's official telegram told one of the researchers here at the coin Bureau that the Avalanche roadmap is internal luckily additional Milestones can be found among the many interviews and weekly updates from Emin in a January interview Emin said that Avalanche plans to build a bridge to every blockchain that has value including

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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