Avalanche’s AVAX Predicted to Surge Tenfold by 2029, Says Standard Chartered
Standard Chartered has turned its attention to Avalanche, predicting that the blockchain’s native token, AVAX, could surge to $250 by 2029—more than a tenfold increase from its current price of around $20.
The bank sees Avalanche as a potential leader among Ethereum-compatible chains, particularly after its recent upgrades.
Geoffrey Kendrick, head of digital assets research at Standard Chartered, highlights the importance of Avalanche’s recent Etna upgrade, which significantly reduces the cost and complexity of launching subnets.
Previously, creating a subnet could cost up to $450,000, but the upgrade has made the process nearly free. This change has attracted developers, some of whom are moving from Ethereum’s Layer 2 solutions to Avalanche, thanks to its compatibility with Ethereum code.
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The upgrade also brought improvements to transaction costs during low-traffic periods, though fees can still be higher compared to some Ethereum-based Layer 2 networks like Arbitrum. Kendrick suggests that Avalanche’s growth could benefit from attracting entirely new applications rather than relying on porting existing ones, especially in areas like gaming and consumer tools.
Looking ahead, Kendrick predicts AVAX will reach $55 by 2025, $100 by 2026, and continue climbing to $250 by 2029. Despite its potential, he notes that Avalanche remains highly volatile—almost twice as much as Bitcoin.
Avalanche’s appeal is also growing beyond crypto. Recently, BlackRock added Avalanche to its $1.9 billion tokenized fund, BUIDL, signaling confidence in its real-world asset tokenization capabilities. Additionally, the Avalanche Foundation is pushing innovation with two initiatives: a $40 million grant program (Retro9000) and a $15 million fund for AI projects (InfraBUIDL), aimed at sustaining long-term ecosystem growth.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
