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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.
Authors credited by the source: Helene Braun
Published by Holder based on an external source.
