• 34ºc, Sunny

Standard Chartered: Bullish AVAX, $250 Target 2029

Standard Chartered's latest research report predicts that the price of Avalanche (AVAX) tokens is expected to reach $250 in 2029, an increase of more than 10 times from the current level of $20. The bank pointed out that the Etna upgrade completed at the end of 2024 has greatly reduced development costs, promoted the number of developers to increase by 40%, and attracted institutions such as BlackRock to introduce the $1.90 billion tokenization fund BUIDL to the network. Analyst Geoffrey Kendrick expects AVAX to climb year by year: $55 in 2025, $100 in 2026, and $150 in 2027 (a record high). The Avalanche Foundation has simultaneously launched a $55 million incentive program, focusing on supporting developers and AI projects. The report also warns that AVAX volatility is as high as twice that of Bitcoin, and investment needs to be cautious.