Standard Chartered shared an unbelievable price prediction for Avalanche ( AVAX ) until 2029!

According to Standard Chartered analyst Geoff Kendrick, Avalanche (AVAX), Bitcoin and Ethereum's predictions indicating gains that could surpass theirs, may be on a significant rise in the coming years.

In a research note published today, Kendrick began to examine AVAX with an ambitious price target trajectory: $55 by the end of 2025, $100 in 2026, $150 in 2027, $200 in 2028, and $250 at the close of 2029. This would mean an increase of more than ten times its current value.

According to Kendrick, one of the most important features that sets Avalanche apart from others is its unique scaling model. Unlike Ethereum or Solana, Avalanche uses a system of subnets or sidechains to enhance scalability and efficiency.

Another critical factor supporting the growth of Avalanche is the increased developer participation following a major upgrade that took place in December. This upgrade has the potential to encourage greater adoption and innovation within the ecosystem by nearly reducing the cost of setting up a subnet to zero.

With a current market value of 9 billion dollars, Avalanche is positioned as the 15th largest cryptocurrency. However, when measured by total value locked at (TVL), it stands as the tenth largest blockchain. Kendrick argues that Avalanche's relatively smaller size compared to industry giants like Bitcoin and Ethereum puts it in a good position to experience exponential growth even with increasing advancements.