Avalanche Set to Outshine Bitcoin by 2029, Says Standard Chartered Report

Standard Chartered has released a report predicting significant price increases for Avalanche's AVAX token. According to the bank, AVAX could reach $250 by the end of 2029, marking a staggering 1,326% increase from its current trading price of $18.

This projection suggests that AVAX will outperform both Bitcoin and Ethereum in terms of growth. The bank anticipates that Bitcoin's price will reach approximately $500,000 by 2029, a nearly 500% increase from its current value of around $82,650.

Geoff Kendrick, the global head of digital assets research at Standard Chartered, attributes Avalanche's potential growth to its innovative approach to network scaling through dedicated layer-1 application networks. Kendrick noted that Avalanche's smaller market capitalization allows for substantial impacts from incremental development improvements, positioning AVAX to outperform both Bitcoin and Ethereum.

The bank forecasts that AVAX will experience positive momentum as early as this year, with a target price of $55 by the end of 2025. Further projections indicate prices of $100 in 2026, $150 in 2027, and $200 in 2028.