The coin is trading below its 20-day SMA. A breach of support near $315 could indicate further downsides ... attaining $500 should be an achievable feat in the near term if market conditions align.

It remains highly unlikely that AVAX will cross the $1,000 mark before 2030. At that market capitalization, it could be more valuable than Ethereum. Does Avalanche have a good long-term future?

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