Avax to rise 1200%, to beat Bitcoin by 2029: Standard Chartered

Global Banking Giant Standard Chartered published new five -year price projections for three leading cryptocurrencies: Avalanche (Avax), Bitcoin (BTC) and Ethereum (ETH). According to these predictions, Avalanche is ready to get both Bitcoin and Ethereum a considerable land in 2029.

Ryan Rasmussen, head of research in Bitwise, attracted attention To these ambitious goals via X. “Global Banking Giant Standard Chartered has just published price objectives for Bitcoin, Ethereum and Avalanche for 5 years,” wrote Rasmussen, pointing to a graph that outlined the estimates of the bank.

Standard Chartered expects Avalanche (Avax) to reach $ 55 by the end of 2025, $ 100 by 2026, $ 150 by 2027, $ 200 by 2028 and ultimately $ 250 by the end of 2029. This expected growth represents an increase in the current trade level of around $ 20.

In the meantime, Bitcoin (BTC) has updated his prediction and now BTC is projecting to value $ 200,000 in 2025 to $ 300,000 in 2026, followed by $ 400,000 in 2027, and ultimately $ 500,000 in 2028 – a level that it is expected to keep until 2029.

For Ethereum (ETH) Projects Standard Chartered Projects to reach $ 4,000 in 2025, $ 5,000 in 2026, $ 6,000 in 2027 and $ 7,500 by 2028, without change expected in 2029. The prediction indicates a steady but less dramatic growth compared to Avalanche.

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In terms of comparative appreciation, the bank has provided ratio statistics to show how Avax could perform against BTC and ETH. The BTC-to-AVAX ratio, which measures how many Avax tokens are equal to one BTC, is expected to fall from 3,636 in 2025 to 2,000 in 2029.

This falling trend means that Avax will appreciate faster than Bitcoin during the period. Similarly, the Eth-to-AVAX ratio is expected to fall from 73 to 30 for the same time frame, which indicates a similar outperformance against Ethereum.

Standard Chartered’s Bullish Case for Avalanche

Standard Chartered heeft de dekking van Avalanche geïnitieerd en verklaart dat het verwacht dat Avax tegen het einde van 2029 zal stijgen van zijn huidige prijs van ongeveer $ 20 naar $ 250. “Een positieve van de tariefgeluid is dat het een kans geeft om opnieuw te set en winnaars te kiezen voor de volgende upswing in digitale activa,” zei Geoffrey Kendrick, de Global van de Bank, de Bank’s Global of Digital Assets research, in a digital action research, in a digital asset study, in a digital asset study, in a digital asset research, in a E -Mail To the block on Wednesday, referring to his last report. “And I think Avalanche will be another winner, perhaps the winner in EVM [Ethereum Virtual Machine] Necklaces. “

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Kendrick emphasized that Avalanche’s approach to Schalling-particularly after the Etna upgrade, also known as Avalanche9000-the network for long-term success. Activated in December 2024, Etna -Upgrade reduced the costs of launching subnets (which now calls lavalanche low 1 blockchains), so that the set -up costs are cut to $ 450,000 to almost zero.

Kendrick noted that these changes seem to be attracting a new developer activity: “A quarter of the active subnets of Avalanche has now been Etna-compatible and developers have risen 40% since the upgrade.”

He also said that some developers migrate from Ethereum Layer 2 solutions to avalanche because of the compatibility with Ethereum code and the lower overhead for launching new subnets or L1 chains. Although reimbursements about Avalanche can still run higher than certain Ethereum L2s such as Arbitrum, Kendrick believes that attracting completely new applications in areas such as gaming and consumer-oriented tools are crucial for the growth of Avalanche.

“As a result, we see Avax performing better than both Bitcoin and Ethereum in terms of relative price profits in the coming years,” Kendrick noted, which we noticed the higher volatility levels of Avalanche compared to BTC.

At the time of the press, BTC traded at $ 83,334.

Featured image made with dall.e, graph of tradingview.com