Avalanche Expected To Outperform Bitcoin by 2029, Says Standard Chartered
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Standard Chartered's research suggests Avalanche (AVAX) could reach $250 by 2029, significantly outperforming Bitcoin. The bank's global head of digital assets research, Geoff Kendrick, attributes this potential to Avalanche's innovative network scaling approach and smaller market capitalization, which allows for substantial growth from incremental improvements.
April 03, 2025 | 2:00 pm
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Standard Chartered forecasts a progressive price increase for AVAX, starting with a $55 target in 2025 and potentially reaching $250 by 2029, driven by network upgrades and scaling solutions.
Positive long-term forecast from a reputable bank, backed by technical improvements in Avalanche's network infrastructure and scaling capabilities.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100