What if one of the largest banking groups bet on an outsider rather than on the king of the market? In a report that shakes up certainties, Standard Charterd identifies Avalanche (AVAX) as the Token to be monitored by 2029, with an expected performance greater than that of Bitcoin. This daring bet of a major financial institution illustrates a new reading of the Crypto landscape, where modular and company -oriented blockchains take precedence over historic giants. A strong signal which could redefine the investment strategies to come.
Standard Charterd sees Avox surpass Bitcoin
In a report published a few days ago, Standard Chartered unveiled a projection that surprised until the most experienced observers of Crypto finance. According to the British bank, the avix avax token could reach 250 dollars by the end of 2029, an increase of 1,326 % compared to its current course, around $ 18.
In contrast, the same report provides that Bitcoin will reach $ 500,000, which would correspond to a gain of +500 %. The key element lies in the relative positioning of Avx, which the bank considers as an asset with performance potential higher than that of the BTC or the ETH.
“We believe that Avax will outperform Bitcoin and Ethereum in terms of relative gains”, declared Geoff Kendrick, World Cryptos Research Manager at Standard Chartered.
The bank's note is based on a very structured quantified projection, with a scenario of evolution of the detailed Avox price year by year. Here are the forecasts announced in the report:
- 2025: $ 55;
- 2026: $ 100;
- 2027: $ 150;
- 2028: 200 dollars;
- 2029: 250 dollars.
According to Standard Charterd, this upward trajectory would be brought by the acceleration of the adoption of the Avalanche network and the rise of its ecosystem. It is also recalled that Avax had reached a peak at nearly $ 145 in 2021, a historically high level, but which remains below the current ambitions projected by the bank. This comparison serves as a benchmark in the analysis of Avox's ability to find (and exceed) its old summits.
A technological and institutional dynamic underway
Beyond the simple encrypted forecasts, Standard Charterd bases its optimism on recent structural advances within the Avalanche network, in particular the rise of its App Chains, formerly called Subnets.
These autonomous subnets allow projects to deploy their own blockchain and take advantage of the avalanche infrastructure. Such flexibility is at the heart of the updated Etna update, launched last December. According to the bank, “the cost of creating an avalanche layer 1 drastically dropped after this Etna update”, which made the platform much more attractive for developers.
This transformation has already materialized by an increasing adoption: approximately a quarter of the L1 active people would today be compatible with Etna, a figure presented as encouraging in the report.
Thus, this dynamic could still accelerate thanks to another element of importance: the growing demand for a structured financial product around Avx. The NASDAQ Stock Exchange has indeed filed a 19B-4 form to the American SEC to authorize the rating of an ETF Avax issued by Grayscale.
This product, if it were validated, could open the door to a massive institutional exhibition on the token. In addition, the bank specifies that Coinbase Custody would be appointed as a depositary of the fund.
All of these elements place Avalanche in a strategic position at the crossroads of several fundamental dynamics: technological innovations, interest of developers and structuring of regulated financial products. If certain uncertainties remain, in particular on the long -term viability of the App Chain model or the regulatory outcome of ETF, the current trend shows an acceleration of activity on the network. As Geoff Kendrick notes, “the current development dynamics should continue, supporting the growth of the activity on avalanche and fueling the increase in the price of the AVAX”.
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