Ethereum News Today: Avalanche Expands Stablecoin Support Sparks $35 Price Target Buzz

Avalanche continues to strengthen its position as a leading Layer-1 blockchain through the expansion of stablecoin support, a move that has drawn attention from analysts who are now forecasting potential price targets for AVAX. The blockchain recently integrated with Visa, enabling stablecoin settlement capabilities and reinforcing its role in real-world applications and cross-border finance. This development is seen as a significant step forward for Avalanche in the broader crypto payments ecosystem [1].

AVAX is currently trading around $25.73, up 4% on the day. Despite an upcoming token unlock scheduled for mid-August, which could release between 1.67 million and 9.5 million tokens—potentially valued at up to $300 million—investor sentiment remains cautiously optimistic. Analysts are watching closely whether AVAX can hold key support levels above $26.50, with a potential price target of $33.06 if bullish momentum continues [2]. The long-term price forecast is even more ambitious, with some analysts suggesting AVAX could reach as high as $35 to $50 in the coming months [1].

Institutional adoption is another key factor driving AVAX's trajectory. BlackRock’s BUIDL Fund ranks AVAX second only to Ethereum in terms of tokenized assets, and over $250 million in real-world assets are being deployed to Avalanche via partnerships with Grove Finance and Janus Henderson. Additionally, on-chain activity has surged to over 7 million monthly active addresses, indicating growing utility and engagement with the platform [1].

However, the market remains volatile, and analysts have emphasized the risks of a potential breakdown below critical support levels. The token unlock, combined with general market sentiment, could introduce short-term uncertainty. Still, the broader trend of stablecoin adoption in the DeFi space appears to favor blockchains with strong infrastructure and growing institutional support, which Avalanche is actively capitalizing on [3].

While AVAX is gaining traction among institutional players, the narrative also shifts toward early-stage projects that could offer exponential returns. One such project mentioned in the report is MAGACOIN FINANCE, which is currently in its early stages and being positioned as a potential high-growth altcoin. Despite these claims, the focus of the analysis remains on AVAX, where the strategic integration of stablecoins is seen as a key driver of future value [1].

Avalanche’s recent moves highlight its ambitions in the DeFi and institutional markets. The expansion of stablecoin support, combined with Visa’s integration, positions the platform as a serious contender in the blockchain-based finance space. Whether AVAX can achieve the $35 price target remains to be seen, but the current developments suggest a strong foundation for future growth [1].

Source: [1] Invezz, [2] Blockchain, [3] AInvest

URL: [1] https://invezz.com/news/2025/08/14/avalanche-expands-stablecoin-support-avax-price-targets-35-next/, [2] https://blockchain.news/news/20250813-price-prediction-avax-targeting-28-30-range-within-2, [3] https://www.ainvest.com/news/ethereum-news-today-fundstrat-tom-lee-predicts-ethereum-hit-15k-2025-2508/