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Standard Chartered Bank predicts that the Avalanche (AVAX) token will rise to $250 by 2029.

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$AVAX
The Block
686Words
Apr 2, 2025

Standard Chartered Bank has analyzed the $AVAX token on the Avalanche blockchain, predicting that its price will rise from the current approximately $20 to $250 by the end of 2029. The Etna upgrade of Avalanche has reduced the costs of launching subnets or Layer 1 blockchains and increased developer participation. Geoffrey Kendrick from Standard Chartered Bank believes that Avalanche has advantages in the EVM chain and expects that $AVAX will outperform Bitcoin and Ethereum in the coming years. Avalanche has also made progress in the tokenization of real assets, attracting support from major companies such as BlackRock. The Avalanche Foundation provides development incentives through the Retro9000 and InfraBUIDL programs to support its growth.

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