Avalanche's Native Token, AVAX, is Expected to See Significant Gains, Surpassing Bitcoin and Ethereum

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.

Avalanche's native token, AVAX, is expected to see significant gains in the coming years, potentially outperforming even the bullish forecasts for Bitcoin (BTC) and Ethereum (ETH).

Standard Chartered's Geoff Kendrick, a quantitative strategist, predicts that AVAX could reach $250 by the end of 2029, exceeding even the $240 forecast for BTC and the $230 forecast for ETH over the same period.

Unlike Ethereum and Solana, which both rely on traditional scaling solutions to increase throughput, Avalanche employs a subnets or sidechains-based system for scalability. This unique approach sets it apart in the blockchain sector.

"A quarter of the active subnets are already Ethereum-compatible, which bodes well for long-term success," Kendrick stated.

Standard Chartered has begun covering AVAX, setting a price target of $55 by the end of 2025. The outlook then 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. In contrast, BTC and ETH are expected to see a 3x to 4x rise over the same period.

Following a major update in December, developer activity on Avalanche has increased considerably. 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 currently has a market cap of $9 billion, making it the 15th-largest cryptocurrency. In TVL, it is the 10th-largest blockchain.

This suggests 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 the high-level institutional confidence in Avalanche's future.