Standard Chartered Projects Avalanche to Reach $250 by 2029
Standard Chartered released five-year price projections for Avalanche (AVAX), Bitcoin (BTC), and Ethereum (ETH), indicating significant growth potential for AVAX by 2029.
- AVAX forecasted to reach $55 by 2025, $100 in 2026, $150 in 2027, $200 in 2028, and $250 by 2029, marking over a 1,200% increase from its current price of around $20.
- Bitcoin projected to rise from $200,000 in 2025 to $500,000 by 2028, maintaining that level into 2029.
- Ethereum expected to hit $4,000 in 2025, rising to $7,500 by 2028, with no anticipated change in 2029.
The BTC-to-AVAX ratio is expected to decrease from 3,636 in 2025 to 2,000 in 2029, suggesting faster appreciation for AVAX compared to BTC. The ETH-to-AVAX ratio is projected to decline from 73 to 30 in the same timeframe.
Standard Chartered’s Perspective on Avalanche
Geoffrey Kendrick, head of digital assets research at Standard Chartered, highlighted Avalanche's potential as a key player in EVM chains. He noted the positive impact of the Etna upgrade, which significantly reduced costs associated with launching subnets.
- Post-upgrade, setup costs for subnets decreased from up to $450,000 to nearly zero.
- A quarter of Avalanche's active subnets are now Etna-compatible; developer activity increased by 40% since the upgrade.
- Developers are migrating from Ethereum Layer 2 solutions to Avalanche due to lower launch costs and compatibility with Ethereum code.
Kendrick stated AVAX is expected to outperform both Bitcoin and Ethereum in relative price gains in the coming years, despite higher volatility levels compared to BTC.
At press time, BTC was trading at $83,334.
