Main Points：
- Ambitious Price Targets: Geoff Kendrick of Standard Chartered forecasts that Avalanche’s AVAX token could rise to $55 by the end of 2025, reaching $250 by the end of 2029—representing a 10x increase from its current price.
- Innovative Architecture and Upgrades: Avalanche’s unique subnet architecture and recent cost-cutting upgrades are cited as key growth drivers that could accelerate adoption and boost its price.
- Growing Developer Interest: With a relatively small market capitalization (approximately $9 billion) and increasing developer engagement, Avalanche is well positioned for significant future growth.
- Competitive Advantage: Kendrick believes that AVAX is on track to outperform both Bitcoin and Ethereum in the coming years due to its innovative approach to scaling and cost efficiency.
- Rising Network Activity: Since the December upgrade, the number of active developers has increased and the cost to establish subnets has nearly reached zero, further enhancing Avalanche’s growth potential.
1. Introduction: A Bold Future for Avalanche
Standard Chartered’s Geoff Kendrick has launched coverage on Avalanche (AVAX), presenting a bullish outlook for the token. According to Kendrick, Avalanche’s innovative approach using a series of customizable subnets differentiates it from Ethereum and Solana. This unique scaling solution, combined with recent cost-reduction upgrades, is expected to drive AVAX’s price significantly higher over the next several years.
2. Price Targets and Growth Drivers
Kendrick outlines a clear roadmap for AVAX’s potential price increase:
- End of 2025: Target price of $55
- 2026: Target price of $100
- 2027: Target price of $150
- 2028: Target price of $200
- End of 2029: Target price of $250
He explains that while it may be premature to fully assess the success of the new subnet approach, the fact that one-quarter of active subnets have already upgraded to Etna is encouraging. The cost of establishing new subnets is nearing zero, which, along with the growing number of developers joining the network since the December upgrade, bodes well for further adoption and network efficiency.
3. Market Position and Future Potential
With a market capitalization of about $9 billion (approximately 1.35 trillion yen, based on a $1 = 150 yen exchange rate), Avalanche currently ranks as the 15th largest cryptocurrency by market cap. Additionally, it is the 10th largest blockchain by total value locked (TVL). These metrics indicate that, even through incremental improvements, Avalanche is a strong candidate for substantial price appreciation.
Kendrick believes that Avalanche’s innovative technology and robust developer ecosystem position it to outperform both Bitcoin and Ethereum in terms of relative price growth over the coming years. If these trends continue, AVAX could reach a level of around $250 by the end of 2029, delivering a 10x return from its current price.
4. Recent Developments and Capital Raising
Ahead of its December upgrade, the Avalanche Foundation successfully raised $250 million through a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital. This capital infusion further underscores market confidence in Avalanche’s technology and its future prospects.
5. Conclusion: A Compelling Opportunity for Investors
Standard Chartered’s analysis paints an optimistic picture for Avalanche’s future. With a unique subnet-based architecture, ongoing cost reductions, and a growing developer community, AVAX is well positioned for significant expansion. Geoff Kendrick’s price targets suggest that, by the end of 2029, AVAX could see a 10x increase, reaching around $250. Investors looking for high-growth potential in the blockchain space may find Avalanche to be a compelling opportunity as it continues to innovate and capture market share.
