Avalanche price forecast as C-Chain transactions surpass $1B, daily users jump 20x

Avalanche’s price is down 5% in the past 24 hours, trading lower as most cryptocurrencies shed gains.

With analysts pointing to continued pressure on Bitcoin as gold rallies, it appears AVAX could fall sharply below $11.

However, bullish calls on Avalanche highlight real-world asset (RWA) tokenization and spot ETF approvals as potential catalysts. Network users have also exploded, but can these milestones prove crucial for AVAX price?

The token traded around $11.54 at the time of writing on Thursday.

Avalanche active users surge amid RWA milestone

Notably, interest in Avalanche resurfaces as the network’s daily users have exploded in the past month.

On-chain data indicates the number of daily active users on Avalanche’s C-Chain has expanded by more than 2000% year-to-date. This 20x growth now sees daily users hover at 600,000, up from lows of 30,000.

Cumulative C-Chain transactions have, in the meantime, surged past the $1 billion mark.