While most crypto investors keep their eyes glued to the usual suspects like Bitcoin (BTC) and Ethereum (ETH), the British banking giant Standard Chartered is betting on a dark horse: Avalanche (AVAX). According to their latest report, this underdog cryptocurrency could increase tenfold by the end of 2029.
Why Avalanche Bets on Independent Blockchains
What sets Avalanche apart from other blockchain networks is its innovative approach to scalability. Instead of just making one big network faster (which often leads to congestion headaches), Avalanche uses a clever architecture built around Subnets—independent blockchains that operate autonomously yet still belong to the broader Avalanche ecosystem.
According to Geoff Kendrick, Head of Crypto Research at Standard Chartered, this model offers a sweet combo of flexibility and scalability. Even better? A quarter of these Subnets are now Ethereum-compatible, building much-needed bridges between ecosystems.
Following a major upgrade in December, deploying a Subnet has become virtually free. This game-changing development has already triggered a surge in active developers—a classic early sign of strong future adoption.
On top of that, the Avalanche Foundation raised a staggering $250 million ahead of this upgrade through a strategic token sale. Major crypto players like Galaxy Digital and ParaFi Capital jumped in, clearly showing confidence in the project’s long-term vision.
A Step-by-Step Ascent Toward 2029
Standard Chartered laid out a bold price trajectory for AVAX:
-
$55 by the end of 2025
-
$100 in 2026
-
$150 in 2027
-
$200 in 2028
-
and a whopping $250 by the end of 2029
If their crystal ball is even halfway accurate, AVAX could become one of the hottest assets in the anticipated next Altseason.
Currently, AVAX holds a market cap of around $9 billion, ranking it 15th among the largest cryptocurrencies. But dig deeper, and you’ll see it’s already the 10th largest network by total value locked (TVL)—a clear signal that usage and demand are quietly ramping up.
Underdog Potential That Could Outrun Giants
While nothing in crypto is guaranteed (unless you’re counting volatility), Kendrick believes that AVAX could outperform Bitcoin and Ethereum in relative growth. Why? Because for a “lighter-weight” asset like Avalanche, even incremental upgrades can have outsized effects compared to the lumbering giants of crypto.
So there you have it: a quiet powerhouse with sky-high ambitions. If Standard Chartered’s prediction plays out, Avalanche might just become the surprise front-runner in crypto’s next big sprint. Definitely a project worth watching—preferably before it hits $250.
