In a groundbreaking forecast, Standard Chartered has initiated coverage of Avalanche’s AVAX token, predicting a monumental rise that could see it outperform both Bitcoin and Ethereum. According to the bank’s analysts, AVAX is on track to increase more than tenfold by the end of 2029, reaching a staggering price of $250. This optimistic outlook is driven by Avalanche’s innovative subnet scaling approach and the recent Etna upgrade, which has significantly reduced costs and boosted developer activity on the platform.
Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, highlighted AVAX’s unique architecture as a key factor in its potential for outsized gains. The bank’s projections suggest that AVAX could hit $55 by the end of 2025, with further increases to $100 in 2026, $150 in 2027, and $200 in 2028. This forecast positions AVAX as a major player in the cryptocurrency market, leveraging its relatively low market cap to capitalize on incremental improvements and attract more developers from rival platforms like Ethereum.
The recent Etna upgrade has already shown promising results, with a quarter of active subnets now compatible with the new technology. This development momentum is expected to continue, driving significant price gains for AVAX in the coming years. While some critics view these predictions as overly optimistic, the growing institutional interest in AVAX, including recent ETF filings, underscores the token’s potential for substantial growth.
