Financial giant Standard Chartered has issued an ambitious prediction for Avalanche’s AVAX token, forecasting a tenfold price increase by 2029. Their analysts anticipate AVAX reaching $250 by the end of that year, potentially outperforming both Bitcoin and Ethereum in terms of growth. This optimistic outlook stems from Avalanche’s innovative subnet scaling approach and the recent Etna upgrade, which has dramatically reduced costs and increased developer activity on the platform.
Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, emphasizes AVAX’s unique architecture as a crucial driver for its potential success. Their projections suggest AVAX could reach $55 by year-end 2025, then further increase to $100 in 2026, $150 in 2027, and finally $200 in 2028. This prediction positions Avalanche as a major player in the cryptocurrency market, utilizing its comparatively low market capitalization to capitalize on incremental improvements and attract more developers from rival platforms like Ethereum.
The recently implemented Etna upgrade has already demonstrated positive results, with over a quarter of active subnets now compatible with this new technology. This promising development trajectory is expected to continue, fueling substantial price gains for AVAX in the years to come.
While some skepticism surrounds these predictions, growing institutional interest in AVAX, including recent ETF filings, points towards the token’s strong potential for significant growth.