Standard Chartered: Bullish on AVAX, $250 price target by 2029
Avalanche (AVAX) token price is expected to reach $250 by 2029, a more than 10-fold increase from the current $20 level, according to a new research note from Standard Chartered. The bank points out that the Etna upgrade, which was completed by the end of 2024, dramatically reduced development costs, drove a 40 per cent increase in the number of developers and attracted institutions such as BlackRock to bring BUIDL, a $1.9 billion tokenisation fund, to the network. Analyst Geoffrey Kendrick expects AVAX to climb year-on-year: $55 in 2025, $100 in 2026, and $150 in 2027 (all-time highs.) The Avalanche Foundation is simultaneously launching a $55 million incentive programme focused on supporting developers and AI projects. The report also warns that AVAX volatility is up to twice that of Bitcoin, so investment should be cautious.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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