AVAX price outlook as Avalanche unveils Fusion, lands FIFA deal

AVAX, the native cryptocurrency of the Avalanche blockchain, has seen a 10.5% uptick today, making it one of the top gainers in the crypto market. Notably, this surge comes amid a series of strategic developments that are positioning Avalanche as a major player in blockchain technology. AvaxFusion launch Avalanche recently announced the launch of Fusion, a cutting-edge blockchain ecosystem built in partnership with Helix and Faculty Group. Avalanche🔺 @avax · Follow “In order to achieve widespread adoption, our industry needs to shift from selling blockspace to delivering business value”.Introducing Fusion, a new blockchain ecosystem aimed at driving real-world adoption through modular infrastructure tailored to specific industries. 11:19 PM · May 20, 2025 399 Reply Copy link Read 39 replies Fusion introduces a two-layer architecture designed to enhance scalability and customization for developers, featuring composers, customizable layer-1 networks, and modular components. Notably, this ambitious project is backed by a substantial $100 million funding pool from Avalanche’s Multiverse and Retro9000 programs, alongside contributions from InfraBUIDL and InfraBUIDL AI, which were at the forefront of the 3-day Avalanche Summit London that concludes today. Consequently, Fusion is expected to attract significant developer interest and accelerate the growth of Avalanche’s multichain ecosystem. FIFA has chosen Avalanche for its L1 blockchain Alongside technical advances, Avalanche is making strides in real-world adoption, exemplified by its landmark deal with FIFA. The world’s governing body of soccer has migrated its FIFA Collect NFT platform from Algorand and Polygon to a dedicated Avalanche Layer-1 blockchain. FIFA Collect @FIFACollect · Follow 🚀 Big News: FIFA Collect Has Migrated to the New FIFA Blockchain! 🌍⚽️ FIFA Collect is now live on the newly launched FIFA Blockchain. This move enhances our ability to deliver unique digital collectibles and immersive fan experiences, powered by the speed, scalability, 11:04 AM · May 21, 2025 133 Reply Copy link Read 51 replies This move reflects FIFA’s confidence in Avalanche’s speed, scalability, and Ethereum Virtual Machine (EVM) compatibility, which collectively enable seamless wallet integration and user accessibility. Moreover, this partnership signals a broader trend of institutional and enterprise adoption, which could drive further demand for AVAX and related blockchain services. 4.5 million AVAX burned through fees and staking Avalanche’s tokenomics are also playing a critical role in bolstering investor confidence and long-term sustainability. With over 4.5 million AVAX already burned through fees and staking, the network is demonstrating strong deflationary dynamics. This trend is expected to intensify as new subnets like Beam and Coqnet launch, each requiring validators to stake 2,000 AVAX and burn approximately 1.3 AVAX monthly to remain active. As a result, AVAX is evolving beyond a simple gas token into a foundational economic asset that powers an expanding multichain ecosystem. The increasing demand for staking and transaction validation creates a reflexive pressure on AVAX’s supply, potentially pushing it into full deflationary territory later this year. AVAX price prediction The AVAX token’s price has ranged between $22.45 and $24.80 in the past day, holding strong support at $21 while targeting a bullish breakout above the resistance of $26. Analysts note that recent technical signals, including a bullish engulfing candle following a downtrend breakout, suggest that the momentum could continue upward in the near term. If the price breaks past the resistance at $26, it could rally towards the next resistance level at $34.50, with a further upside towards $40 and beyond if there is continued subnet growth and institutional deals. Avalanche price chart | Source: TradingView The Relative Strength Index (RSI) at 61.24 supports the bullish case, and there is room for more gains before hitting the overbought region. In the long term, if AvaxFusion adoption scales and more brands follow FIFA’s lead, AVAX could rise to $80 before the end of the year. However, cautious optimism remains prudent as the market digests ongoing developments. The post AVAX price outlook as Avalanche unveils Fusion, lands FIFA deal appeared first on Invezz

Source: Invezz