What Could Drive Avalanche (AVAX) After a 94% Drop From Its All-Time High?

Avalanche (AVAX), a layer-1 blockchain once viewed as a rival to Ethereum in 2021, has seen its price fall more than 94% from its all-time high (ATH). By 2026, the question remains whether any catalysts can help this altcoin stage a comeback. Behind the disappointing price performance, infrastructure developments and growing institutional adoption are shaping a potentially promising recovery scenario for the ecosystem. A Boost From Japan: When $2 Billion Moves “On-Chain” With Avalanche One of the most significant developments strengthening Avalanche’s position is Progmat’s decision to migrate its assets to Avalanche, Japan’s largest digital securities (security token) platform source: https://beincrypto.com/what-could-drive-avalanche-2026/