Avalanche Could Skyrocket And Surpass Bitcoin By The End Of 2029, According To Standard Chartered

What if one of the largest banking groups bet on an outsider rather than the market king? In a report that shakes up certainties, Standard Chartered identifies Avalanche (AVAX) as the token to watch by 2029, with expected performance exceeding that of bitcoin. This bold bet by a major financial institution illustrates a new reading of the crypto landscape, where modular and enterprise-focused blockchains are overtaking historical giants. A strong signal that could redefine upcoming investment strategies.

Standard Chartered sees AVAX outperforming Bitcoin

In a report published a few days ago, Standard Chartered unveiled a projection that surprised even the most seasoned observers of crypto finance. According to the British bank, Avalanche’s AVAX token could reach $250 by the end of 2029, representing an increase of 1,326% compared to its current price of around $18.

In contrast, the same report forecasts that bitcoin will reach $500,000, corresponding to a gain of +500%. The key element lies in AVAX’s relative positioning, which the bank considers an asset with the potential for performance greater than that of BTC or ETH.

“We believe that AVAX will outperform bitcoin and Ethereum in terms of relative gains,” states Geoff Kendrick, global head of crypto research at Standard Chartered.

The bank’s note is based on a well-structured numerical projection, with a year-by-year price evolution scenario for AVAX. Here are the forecasts announced in the report:

• 2025: $55.
• 2026: $100.
• 2027: $150.
• 2028: $200.
• 2029: $250.

According to Standard Chartered, this upward trajectory would be driven by the acceleration of the adoption of the Avalanche network and the strengthening of its ecosystem. It is also noted that AVAX had reached a peak of nearly $145 in 2021, a historically high level, but still below the current ambitions projected by the bank. This comparison serves as a benchmark in analyzing AVAX’s ability to regain (and exceed) its former highs.

A technological and institutional dynamic in motion

Beyond mere numerical forecasts, Standard Chartered bases its optimism on recent structural advancements within the Avalanche network, particularly the rise of its App Chains, previously referred to as subnets.

These autonomous sub-networks allow projects to deploy their own blockchain and leverage Avalanche’s infrastructure. Such flexibility is at the heart of the update named Etna, launched last December. According to the bank, “the cost of creating a layer 1 on Avalanche has drastically fallen after this Etna update,” making the platform much more attractive for developers.

This transformation has already manifested in increasing adoption: about a quarter of active L1s would currently be compatible with Etna, a figure presented as encouraging in the report.

Thus, this dynamic could further accelerate thanks to another important element: the growing demand for a financial product structured around AVAX. Nasdaq has indeed filed a form 19b-4 with the U.S. SEC to authorize the listing of an AVAX ETF issued by Grayscale.

This product, if validated, could open the door to massive institutional exposure to the token. Additionally, the bank specifies that Coinbase Custody would be appointed as the custodian of the fund.

All of these elements place Avalanche in a strategic position at the crossroads of several underlying dynamics: technological innovations, developer interest, and structuring of regulated financial products. While some uncertainties remain, particularly regarding the long-term viability of the App Chain model or the regulatory outcome of the ETF, the current trend shows an acceleration of activity on the network. As Geoff Kendrick notes, “the current development dynamic should continue, supporting the growth of activity on Avalanche and fueling the rise of the AVAX price.”