Avalanche Card Launch Sparks 106% Price Rally Potential

The Avalanche ecosystem has experienced substantial growth over the past year, driven by institutional investors interested in tokenizing real-world assets (RWAs). This expansion has positioned Avalanche as a prominent player in the web3 landscape, with a total value locked exceeding $1.23 billion and a stablecoins market cap of over $1.7 billion. Notable institutional engagements include BlackRock and Securitize's launch of the BUIDL fund on the Avalanche Network, which tokenized over $500 million in assets. Additionally, Citibank has explored various blockchain use cases on the Avalanche network, including the tokenization of RWAs.

On Monday, April 21, during the mid-North American trading session, the Avalanche Foundation, in collaboration with Rain, a Visa-powered crypto-backed payment card, unveiled the Avalanche Card. This card allows users to access their crypto assets, including AVAX, USDC, and USDT, seamlessly for both online and in-store purchases worldwide. The Avalanche Card is directly linked to a user’s self-custody wallet and offers no conversion fees, providing a convenient and cost-effective way to spend cryptocurrency.

The launch of the Avalanche Card comes at a pivotal moment for the AVAX price, which has recently broken out of a multi-week correction phase amid rising crypto bullish momentum. Since the beginning of 2025, AVAX has been in a correction mode due to macroeconomic factors and low demand for altcoins. However, the large-cap altcoin, with a fully diluted valuation of about $14.3 billion, has shown signs of reaching its correction bottom and is poised for a market reversal. In the daily timeframe, AVAX price has broken out of a falling logarithmic trend established year-to-date and has rebounded from a crucial support level of around $16, forming a double bottom with a bullish divergence of the daily Relative Strength Index (RSI).

According to the analyst's forecast, if the crypto bullish sentiment continues, AVAX price is well-positioned to rally at least 106% in the near term, potentially trading above $40. This optimistic outlook is supported by the growing institutional interest and the innovative features of the Avalanche Card, which could drive further adoption and usage of the AVAX token. The Avalanche Card's launch marks a significant milestone for the Avalanche ecosystem, offering users a seamless and convenient way to spend their crypto assets while potentially sparking bullish momentum for AVAX.