Standard Chartered sees Avalanche (Avax) on a high altitude: Course forecast of $ 250 by 2029 thanks to innovative subnet architecture

<p> <strong> Standard Chartered sees Avalanche (Avax) on a high altitude: Course forecast of $ 250 by 2029 thanks to innovative subnet architecture </strong> </p>
Avalanche (Avax): Potential for a successful future
The British large bank Standard Chartered forecast the large growth potential of Avalanche (AVAX) in a current report. The leading analyst Geoff Kendrick estimates that the AVAX token course could increase to $ 250 by 2029. This increase would correspond to more than ten times the increase in value compared to the current course.
scaling by subnets as the key to success
What distinguishes Avalanche from other blockchain networks is the innovative technical approach to scaling. Instead of a central network, as is the case with Ethereum, for example, Avalanche uses so -called subnets - i.e. sidechains that can operate independently of one another. Kendrick explains: "The advantage lies in flexibility and efficiency." Currently, about a quarter of the active subnets with etna , the Ethereum-compatible standard of avalanches, is compatible.
An upgrade recently introduced in December 2024 reduced the costs for the establishment of new subnets almost to zero. This represents a crucial step that attracts additional developers and can promote the growth of the platform.
Course goals until 2029: Step by step to fly
Standard Chartered has set clear price goals for AVAX:
- 2025: 55 US dollars
- 2026: 100 US dollars
- 2027: $ 150 $
- 2028: 200 US dollars
- 2029: 250 US dollars
AVAX's price is currently around $ 24, while market capitalization is around $ 9 billion, which makes Avalanche one of the top 15 cryptocurrencies. With regard to the total value of the blocked assets (TVL), Avalanche is currently ranked 10th of all blockchains.
Developer interest grows - institutional support including
A positive signal for the future of avalanche is the increased interest of developers and investors. Before the latest upgrade, the Avalanche Foundation was able to collect $ 250 million in a financing round. Investors include well-known crypto institutions such as Galaxy Digital, Dragonfly and Parafi Capital.
FAZIT: Avalanche as a serious Ethereum competitor
If the subnet architecture is successful in the long term and the number of developers continues to grow, Avalanche could actually be one of the big winners of the upcoming crypto bull markets. According to Standard Chartered, Avax is one of the most promising old coins for the next few years and could therefore establish itself as a serious competitor for Ethereum.