Avalanche’s AVAX Price Target Set at $250 by 2029
Standard Chartered's Geoff Kendrick projects significant growth for Avalanche's AVAX token, predicting it will outperform both Bitcoin and Ethereum in the coming years.
- AVAX price targets: $55 by 2025, $100 in 2026, $150 in 2027, $200 in 2028, and $250 by end-2029.
- Avalanche utilizes a subnet approach for scalability, distinguishing it from Ethereum and Solana.
- One-quarter of active subnets are Etna-compatible, indicating positive potential.
- The network has seen an increase in developers since its December upgrade, which reduced subnet establishment costs.
- Avalanche's market cap is $9 billion, ranking 15th among cryptocurrencies and 10th by total value locked (TVL).
- Recent funding included a $250 million token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital.
Kendrick expects AVAX to achieve over 10x its current price based on these factors.