Standard Chartered Bank: Bullish on AVAX, expected to reach $250 by 2029

2025-04-03 08:16:25

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ChainCatcher news, Standard Chartered Bank's latest research report predicts that the price of Avalanche (AVAX) tokens is expected to reach $250 by 2029, an increase of more than 10 times from the current level of $20.

The bank noted that the Etna upgrade, which will be completed by the end of 2024, significantly reduces development costs, leading to a 40% increase in the number of developers and attracting institutions like BlackRock to introduce a tokenized fund BUIDL worth $1.9 billion into the network. Analyst Geoffrey Kendrick expects AVAX to rise year by year: $55 in 2025, $100 in 2026, and $150 in 2027 (a historical high). The Avalanche Foundation has also launched a $55 million incentive program, focusing on supporting developers and AI projects. The report also warns that AVAX's volatility is up to twice that of Bitcoin, and investment should be approached with caution.

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