World Famous Bank Avalanche (AVAX) Made Yearly Price Prediction: Can Achieve 10x! - Coin Bulletin

Standard Chartered analyst Geoff Kendrick stated that Avalanche's (AVAX) token is expected to yield significant gains in the coming years, surpassing the gains of Bitcoin and Ethereum by a considerable margin.

While discussing the unique features of Avalanche, Kendrick emphasized that unlike Ethereum (ETH) and Solana’s (SOL), **Avalanche uses sidechains to provide scalability with (AVAX). This strategy could be the key to AVAX’s future success. The analyst set a price target of 55 dollars for 2025, 100 dollars for 2026, 150 dollars for 2027, 200 dollars for 2028, and 250 dollars by the end of 2029. Kendrick noted that the fact that a quarter of the active sidechains are Etna-compatible is an encouraging indicator that this approach may work.

He also stated that after the updates made to the Avalanche network, the number of developers has increased and the cost of setting up subnets has nearly dropped to zero. Today, Avalanche, which has a market value of 9 billion dollars, ranks 15th with this metric and is 10th in terms of total locked value (TVL) among blockchains.

Kendrick predicts that, in light of these developments, AVAX will show faster price increases compared to Bitcoin and Ethereum in the coming years, and will reach $250 by 2029. This means an increase of more than 10 times its current price.

Finally, the Avalanche Foundation received support from investors such as Galaxy Digital, Dragonfly, and ParaFi Capital with its $250 million token sale conducted in December.