Avalanche’s native token, AVAX, is expected to see significant gains in the coming years, surpassing even the bullish forecasts for Bitcoin (BTC) and Ethereum (ETH).
Standard Chartered’s Geoff Kendrick said that unlike Ethereum and Solana, which both count on traditional scaling solutions, Avalanche employs a subnets or sidechains-based system to enhance its scalability.
Kendrick identified this as a unique approach that sets Avalanche apart in the blockchain sector. He further noted that a quarter of active subnets are already Ethereum-compatible, which he thinks is a good omen for its long-term success.
Standard Chartered has begun covering AVAX, setting a price target of $55 by the end of 2025. The outlook improves further, with estimates of $100 in 2026, $150 in 2027, $200 in 2028, and $250 by the end of 2029. If these predictions hold, AVAX could see a 10x increase over the next five years.
Avalanche saw a rise in developer activity after a major update in December. This upgrade lowered the cost of creating subnets, making it easier for new projects to join the ecosystem. Kendrick believes this could drive higher adoption and price growth.
Avalanche’s current market cap of $9 billion makes it the 15th-largest cryptocurrency. In TVL, it is the 10th-largest blockchain. This implies that even relatively minor advancements in technology or adoption could result in dramatic price increases.
Ahead of its December upgrade, the Avalanche Foundation generated $250 million from a token sale, which attracted top investors like Galaxy Digital, Dragonfly, and ParaFi Capital. This injection of capital reflects top-tier institutional confidence in Avalanche’s future.
Also Read: Avalanche Stablecoins Surge 70%, But Why is AVAX Price not Up?
