EddieJayonCrypto

 3 Apr 25

tl;dr

Standard Chartered predicts that the price of Bitcoin will increase by nearly 500% to $500,000 by the end of 2029. The multinational bank also suggests that the utility token AVAX, associated with layer-1 blockchain Avalanche, could spike by 1,326% to $250 by the end of the decade. This projection i...

Standard Chartered projects that the utility token of Layer-1 blockchain Avalanche, AVAX, will outperform Bitcoin and Ethereum, jumping to $250 by the end of 2029.

Avalanche's unique approach to scaling its network through dedicated L1 app networks is expected to drive the predicted price boom. Incremental improvements could have a significant impact due to its current small market cap.

The DeFi sector's competition has led Avalanche to aggressively improve transaction speeds and costs. The completion of its Etna Upgrade led to a dramatic decrease in the cost of establishing an L1 on the network.

Standard Chartered anticipates positive price action for AVAX, projecting it to hit $55 by the end of 2025, $100 in 2026, $150 in 2027, $200 in 2028, and a final jump to $250 by the end of 2029.

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