- Standard Chartered predicts Avalanche’s AVAX could surge over 1,300% to $250 by 2029, driven by its unique scalability and growing adoption in real-world asset tokenization.
- Analysts expect AVAX to outperform Bitcoin and Ethereum, citing increased developer activity and institutional interest.
Avalanche (AVAX), the layer-1 blockchain known for its high-speed transactions and scalability, is set for a meteoric rise, according to a new report from British multinational bank Standard Chartered. Analysts at the bank forecast that AVAX could surge over 1,300%, reaching a staggering $250 by 2029.
Why Standard Chartered Is Bullish on AVAX
Standard Chartered’s prediction is driven by Avalanche’s innovative approach to network scaling. The blockchain utilizes dedicated layer-1 networks, previously called subnets, which enhance transaction efficiency and developer flexibility. Geoff Kendrick, the bank’s global head of digital assets research, noted that this unique structure is likely to fuel AVAX’s price growth.
Currently trading at approximately $17.75 with a market cap of $7 billion, Avalanche is well-positioned for significant expansion. The recent Etna upgrade has also played a crucial role in driving developer adoption by reducing the cost of launching an L1 blockchain from nearly $450,000 to almost zero.
“We think the current development momentum is likely to continue, supporting activity growth on Avalanche and driving AVAX price gains,” Kendrick stated.
Also read: XRP Price Prediction: Bearish Indicators Point to a Potential 68% Crash
Real-World Adoption and Market Expansion
Avalanche is rapidly gaining traction in real-world asset (RWA) tokenization. A major boost came from BlackRock’s $2 billion tokenized USD Institutional Digital Liquidity Fund (BUIDL), which was launched on the Avalanche network. With over $50 million already tokenized on Avalanche, experts predict further growth in this sector.
Projected Price Trajectory for AVAX
Standard Chartered’s report outlines a step-by-step rally for AVAX, predicting:
- $55 by the end of 2025
- $100 in 2026
- $150 in 2027
- $200 in 2028
- $250 by 2029
Kendrick emphasized that while Avalanche’s historical volatility is around 100—twice that of Bitcoin—its superior scalability and increasing adoption make it a strong contender to outperform both Bitcoin and Ethereum in the coming years.
With growing institutional interest and a robust developer ecosystem, AVAX appears poised for an explosive rally, making it a cryptocurrency to watch closely in the coming years.
