Avalanche’s AVAX Token Could 10x by 2029, Standard Chartered Says
Avalanche’s AVAX could be in for a massive price surge over the next few years, potentially outpacing the growth of both bitcoin (BTC) and ether (ETH), according to Standard Chartered’s head of crypto research, Geoff Kendrick.
In a new report initiating coverage on the token, Kendrick laid out a bullish roadmap for AVAX, projecting the token could hit $55 by the end of 2025, with further upside to $100 in 2026, $150 in 2027, $200 in 2028, and $250 by the close of 2029.
“Avalanche is taking a different route to scalability,” Kendrick wrote. “Unlike Ethereum or Solana, which rely on single chains or sharded architectures, Avalanche uses a network of subnets—customizable, interoperable blockchains—to scale activity.”
Though it’s still early days for the subnet model, Kendrick noted that about 25% of active subnets are already compatible with the Ethereum Virtual Machine (EVM), a key step toward broader adoption. He also pointed to a December protocol upgrade that drastically reduced the cost of launching subnets—helping fuel developer interest and network expansion.
Avalanche currently boasts a $9 billion market cap, placing it 15th among cryptocurrencies. However, it’s the 10th-largest blockchain by total value locked (TVL), highlighting its growing traction within the DeFi space.
“This gives AVAX a lot of room to grow,” Kendrick said. “Because it’s still relatively small compared to BTC and ETH, even modest advances in adoption or utility could lead to outsize gains.”
Back in December, the Avalanche Foundation raised $250 million in a private token sale ahead of the upgrade, with participation from notable firms like Galaxy Digital, Dragonfly, and ParaFi Capital.
