Standard Chartered: Avalanche’s AVAX Could Surge Over 10x by 2029
Standard Chartered has initiated coverage on Avalanche (AVAX), projecting a substantial long-term upside for the token — forecasting it could reach $250 by the end of 2029, more than 10 times its current value.
“Avalanche stands out for its novel scaling approach through subnets, which differs from Ethereum’s and Solana’s models,” wrote Geoff Kendrick, the bank’s head of crypto research, in a note published Wednesday.
He cited growing developer momentum following Avalanche’s December upgrade — which drastically reduced the cost of launching subnets — as a key catalyst for future growth. Kendrick also noted that 25% of Avalanche’s active subnets are already Ethereum-compatible, signaling potential for greater interoperability and ecosystem growth.
Kendrick set a staged outlook for AVAX, targeting:
- $55 by end-2025
- $100 in 2026
- $150 in 2027
- $200 in 2028
- $250 in 2029
Currently the 15th-largest cryptocurrency by market cap at around $9 billion, Avalanche also ranks in the top 10 by total value locked (TVL) — giving it strong fundamentals to benefit from rising on-chain activity.
In late 2023, the Avalanche Foundation raised $250 million in a token round backed by Galaxy Digital, Dragonfly, and ParaFi Capital, adding further weight to the project’s long-term prospects.
“With its relatively small market share today and promising architectural design, AVAX is well-positioned for outsized returns if adoption continues to accelerate,” Kendrick concluded.
