Avalanche (AVAX) could be on a significant upward trajectory over the next few years, with forecasts pointing to gains that could surpass those of Bitcoin and Ethereum, according to Standard Chartered analyst Geoff Kendrick.
In a research note published today, Kendrick began his review of AVAX with an ambitious price target trajectory: $55 by the end of 2025, $100 in 2026, $150 in 2027, $200 in 2028, and $250 by the close of 2029. That would imply a more than tenfold increase from its current value.
According to Kendrick, one of the key features that sets Avalanche apart from others is its unique scaling model. Unlike Ethereum or Solana, Avalanche uses a system of subnets, or sidechains, to increase scalability and efficiency.
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Another critical factor supporting Avalanche’s growth is the increased developer participation following a major upgrade of the network in December, which reduced the cost of setting up a subnet to nearly zero, potentially driving greater adoption and innovation in the ecosystem.
With a current market cap of $9 billion, Avalanche is the 15th largest cryptocurrency. However, when measured by total value locked (TVL), it stands as the tenth largest blockchain. Kendrick argues that Avalanche’s relatively smaller size compared to industry giants like Bitcoin and Ethereum puts it in a good position to experience exponential growth even with incremental advancements.
*This is not investment advice.
Continue Reading: Standard Chartered Shares Hard-to-Believe Price Prediction for Avalanche (AVAX) Price to 2029
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