AVAX Price Prediction: Standard Chartered Expects Significant Gains, Surpassing BTC and ETH

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

According to a report by Standard Chartered, the price of Avalanche’s native token, AVAX, could soar to $250 by the end of 2029. This prediction, made by Geoff Kendrick, strategists at the British multinational bank, contrasts with pessimistic outlooks on Bitcoin (BTC) and Ethereum (ETH).

The strategists at Standard Chartered have begun covering AVAX and set a price target of $55 by the end of 2025. Their outlook grows increasingly bullish, with estimates of $100 in 2026, $150 in 2027, $200 in 2028, and $250 by the end of 2029.

This projection would see AVAX undergo a 10x increase over the next five years.

For context, Standard Chartered's price targets for Bitcoin and Ethereum are $150,000 and $10,000 by 2028, respectively. These predictions are notably lower than those of other institutions and analysts, who are generally more optimistic about the prospects of the two crypto giants.

Highlighting the unique characteristics of Avalanche, Kendrick stated that it employs a subnet or sidechain-based system for scalability. In contrast, Ethereum and Solana both rely on traditional scaling solutions.

"This is a differential factor in a crowded space," he said.

The strategists further noted that a quarter of the active subnets are already Ethereum-compatible, which they believe bodes well for its long-term success.

"It feels like there's a good mix of subnet use cases emerging, and crucially, around a quarter of the active subnets are currently Ethereum-compatible," the strategists said.

Following a major update in December that lowered the cost of creating subnets and encouraged new projects to join the ecosystem, there has been an increase in developer activity on Avalanche.

"This could drive higher adoption and price growth," Kendrick added.

Avalanche's current market cap of $9 billion makes it the 15th-largest cryptocurrency. In terms of total value locked (TVL), it is the 10th-largest blockchain.

This indicates that even relatively minor advancements in technology or adoption could result in dramatic increases in the price of its native token.

Ahead of its December upgrade, the Avalanche Foundation generated $250 million from a token sale, which attracted top investors such as Galaxy Digital, Dragonfly, and ParaFi Capital. This injection of capital demonstrates high-level institutional confidence in the future of Avalanche.