The first summit hosted by the developers of the Avalanche network will take place between March 22 and 27 in Barcelona, Spain.
AVAX, the project’s native token, is currently trading slightly above $78. Experts believe that the price of the cryptocurrency may reach $100 or even exceed this mark ahead of the summit, which will be held in Barcelona and will be attended by ChainLink founder Sergey Nazarov and Aave CEO Stani Kulechov.
The AVAX altcoin could hit $90 already in March and grow even further before the summit takes place.
The $100 mark will become an area of strong resistance. However, if the coin breaks through it, then this level will become a support zone.
Avalanche ranks 11th in CoinMarketCap’s ranking of largest cryptocurrencies by market capitalization with a capitalization of more than $19.184 billion.