Standard Chartered says Avalanche's AVAX token price could surge to $250 by 2029
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Standard Chartered has initiated coverage on Avalanche blockchain, projecting significant growth for its native AVAX token. The bank's digital assets research head, Geoffrey Kendrick, expects AVAX to rise from around $20 to $250 by 2029, driven by the recent Etna upgrade that reduces subnet launch costs and attracts more developers. The prediction is based on improved scalability, developer adoption, and real-world asset tokenization potential.
April 02, 2025 | 7:45 pm
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Standard Chartered predicts AVAX will experience substantial price appreciation, reaching $250 by 2029, driven by technological improvements and growing ecosystem.
Positive analyst coverage from a major bank, highlighting technological advancements, reduced subnet costs, increased developer activity, and potential for real-world asset tokenization suggest strong future growth potential for AVAX.
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