The price forecasts for the future in crypto money markets offer an important roadmap for investors, while the evaluations of major financial institutions attract more attention. This time, Standard Chartered made a very ambitious prediction for this popular Altcoin. According to Geoffrey Kendrick, the President of the Bank’s Digital Assets Unit, Avax can leave both Bitcoin and Ethereum behind by gaining 10 times by 2029.
Etna update that increases Avax’s power
Behind this ambitious prediction of Kendrick, the Avalanche network has an Etna update implemented in December 2024. Thanks to this update, the most important scalability of the network, “Subnet” technology has undergone a major transformation. In advance, Avax had to stake to start a subnet, which was a serious cost for the projects. This requirement was eliminated after ETNA and the cost of establishing subnet approached zero.
Subnets are described as special side chains running on the avalanche. This structure, which enables the creation of implementation -specific chains, increases the flexibility and scalability of the network and offers great freedom to developers. With its Ethereum compatible structure, Avalanche becomes an attractive transition point, especially for developers coming from Layer-2 projects. According to Kendrick, these developments directly affect the volume of activity on the network and carry the AVAX price up.
The target is 250 dollars: can come with annual growth
The report prepared by Standard Chartered includes an intermediate target of $ 55 in 2025 for this popular Altcoin. If the following year is completed with a growth graph in which the previous price is almost doubled, Token is expected to reach $ 250 at the end of 2029. When this goal is achieved, AVAX will provide 10 -fold return to its investors in five years.
The report also includes volatility. In the last three months, AVAX’s fluctuation rate has approached 100 %. However, due to the low market value, the positive technical developments in the Avalanche network may have a greater impact on the price. According to Kendrick, this feature supports AVAX’s aggressive growth potential. Standard Chartered’s report shows that Avalanche may be one of the most ambitious projects of the future, not only technical, but also strategically. In this period when the competition increases between Ethereum -compatible chains, Avax seems to take the right steps to stand out.
