The international banking giant Standard Chartered, in its report released for Avalanche, predicts that the price of AVAX could reach $250 by the end of 2029.
Geoffrey Kendrick, the Head of Digital Assets Research at the bank, stated that with Avalanche’s recent Etna (Avalanche9000) update, the costs for developers on the network have significantly decreased and interest in the project has increased.
The Etna update, which went live in December 2024, made launching a new subnet (subnet) or Layer-1 blockchain on the Avalanche network much cheaper. According to Kendrick, this has brought the setup costs down to almost zero and there has been a 40% increase in the number of developers. Additionally, Kendrick states that the new subnets ( or L1s) can provide an ideal environment, especially for gaming and consumer-focused applications, contributing to Avalanche’s growth.
Standard Chartered predicts that AVAX could rise to $55 in 2025, $100 in 2026, $150 in 2027, $200 in 2028, and $250 in 2029. The bank anticipates that Avalanche will surpass both Bitcoin and Ethereum in this surge. However, it also reminds that there is a higher risk of volatility.
Published: April 3, 2025 15:43
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