
Standard Chartered's Geoff Kendrick has issued a compelling forecast for Avalanche's AVAX, projecting a potential tenfold increase in value by 2029, reaching a target price of $250. This optimistic outlook is rooted in Avalanche's innovative subnet architecture, designed to enhance scalability, and a recent network upgrade that significantly reduced the cost of establishing subnets, thereby attracting more developers. Kendrick believes AVAX is poised to outperform both Bitcoin and Ethereum in terms of price appreciation, outlining intermediate price targets of $55 by the end of 2025, $100 for 2026, $150 for 2027, and $200 for 2028. The network's growing developer community, coupled with its relatively modest market capitalization, positions it for substantial gains should adoption accelerate. The fact that a quarter of active subnets are already Etna-compatible further reinforces this potential. The Avalanche Foundation's successful $250 million token sale, led by prominent investment firms, serves as a strong indicator of institutional confidence in the project's future. From the perspective of someone observing market trends on BTCC, these factors collectively point towards the possibility of significant price volatility and a strong upward trajectory for AVAX in the coming years. This analysis suggests a compelling opportunity for those monitoring the market, with potential for substantial returns if Avalanche's development and adoption proceed as predicted. via /r/YourBTCC https://ift.tt/8l1HTOM
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