Standard Chartered Bank predicts: Avalanche's native token AVAX may soar to $250 by 2029

PANews reported on April 3rd, according to The Block, Standard Chartered Bank has begun conducting coverage research on the Layer1 blockchain Avalanche and expects that the network's native token AVAX will rise more than tenfold from its current price of about $20 to $250 by the end of 2029. Geoffrey Kendrick, the bank's global head of digital asset research, said in a recent report: "One positive aspect of tariff turmoil is that it gives us an opportunity to reset and pick winners for the next round of digital asset price increases. I think Avalanche will be another winner, perhaps a winner among Ethereum Virtual Machine (EVM) chains." Kendrick specifically pointed out the advantages of Avalanche's expansion plan, especially Etna upgrade completed in December 2024 (code-named Avalanche9000).

This upgrade allows developers to create subnets or Layer1 blockchains on Avalanche at almost zero cost - originally requiring a pledge worth $450k AVAX tokens; now technical thresholds and funding requirements have been significantly reduced. Data shows that after upgrading, subnets compatible with Etna account for 25% of total active subnets and developer numbers surged by 40%.

Based on growth trends following Etna upgrades, Standard Chartered Bank gave phased target prices: $55 by end-2025; $100 by end-2026; $150 (breaking historical peak) by end-2027; $200 by end-2028; and finally reaching their predicted value at $250 per token by year-end 2029. Kendrick emphasized: "AVAX may surpass Bitcoin and Ethereum in relative gains over the next few years but note its three-month historical volatility is close to 100%, twice as much as Bitcoin."