Standard Chartered predicts $AVAX price of $250 by 2029: Modular upgrades and Bitget's involvement in India as growth drivers

Standard Chartered predicts $AVAX price of $250 by 2029: Modular upgrades and Bitget's involvement in India as growth drivers

Forecast for Avalanche (AVAX) through 2029: Standard Chartered expects a price of $250

In a recent market analysis, the bank Standard Chartered published an optimistic forecast for the cryptocurrency Avalanche (AVAX). The analysis sees the price of AVAX rising to $250 by 2029, despite a recent slowdown in the network.

The bank bases its positive assessment on several factors. For one thing, the modular upgrades planned for the Avalanche network are seen as crucial. These upgrades are expected to improve the scalability, flexibility and overall performance characteristics of the network, which could increase investor confidence.

Another important factor is Bitget's expansion strategy in India. The partnerships and investments from platforms like Bitget could help drive interest and usage of Avalanche in emerging markets. By specifically focusing on the Indian market, Bitget could lead to increased acceptance and adoption of AVAX.

In summary, despite the current challenges potentially impacting the Avalanche network, the long-term outlook remains positive. The combination of technological innovations and global market developments could be crucial to AVAX's future success.