Avalanche (AVAX) Predicted to Surge 1,326% by 2029, Outpacing Bitcoin

Avalanche (AVAX) is gaining significant attention in the cryptocurrency space, with analysts predicting substantial growth in the coming years. According to a report by Standard Chartered, AVAX could reach as high as $250 by the end of 2029, representing a remarkable increase of 1,326% from its current price. This projection is more optimistic than Bitcoin’s expected growth, with Standard Chartered estimating that Bitcoin will reach about $500,000 in the same timeframe, a nearly 500% increase. Avalanche’s unique scaling method and growing popularity among developers make it a standout project in the blockchain sector.

One of the primary reasons analysts are optimistic about Avalanche is its distinctive scaling strategy. Unlike traditional Layer-1 blockchains, Avalanche employs dedicated app networks, previously known as subnets, to enhance transaction speeds and reduce costs. This model allows developers to create their own blockchain networks while still benefiting from Avalanche’s security and efficiency. Last year’s Etna Upgrade further lowered the cost of launching new projects on Avalanche, attracting more developers. Geoff Kendrick, global head of digital assets research at Standard Chartered, highlighted this in his report, stating that Avalanche’s small market cap means that incremental development improvements can have a significant impact. As a result, AVAX is expected to outperform both Bitcoin and Ethereum in terms of relative price gains. Even small technological advancements could lead to substantial price increases for AVAX.

Avalanche is actively challenging Ethereum by offering a more efficient and cost-effective ecosystem. Thanks to its upgrades and developer-friendly infrastructure, more decentralized finance (DeFi) applications are being launched on its network. This trend is expected to continue as developers seek cheaper, faster alternatives to Ethereum. As Avalanche’s ecosystem expands, so does its potential for price appreciation. Kendrick reinforced this view, stating that the current development momentum is likely to continue, supporting activity growth on Avalanche and driving AVAX price gains. He also noted that while it’s too early to determine if Avalanche’s Layer-1 approach will dominate, the fact that a quarter of active Layer-1 app networks are already Etna-compatible is a promising sign.

The report from Standard Chartered outlines a bold timeline for AVAX’s growth. According to the bank’s estimates, AVAX is expected to increase to $55 by the end of 2025, followed by $100 in 2026, $150 in 2027, $200 in 2028, and $250 in 2029. If these estimates are accurate, AVAX would not only surpass its all-time high of $145 from 2021 but could once again be one of the best-performing assets in the crypto market. For investors, this suggests that Avalanche is a project worth watching. If Avalanche adoption continues and its technical updates deliver on their promise, AVAX could be a contender for one of the biggest success stories in the next bull run in crypto.

Avalanche is making waves for its potential to outperform Bitcoin in percentage gains by 2029. Standard Chartered is bullish on AVAX, citing its advanced blockchain technology and ability to attract developers through smart contracts on a proof-of-stake network. While AVAX currently trades well below its projected future value, growing Avalanche adoption and ongoing network improvements could drive significant price gains. However, volatility and regulatory risks remain factors to watch. Still, Avalanche has momentum, and whether it beats Bitcoin’s growth remains to be seen. AVAX price predictions continue to be a hot topic among investors, with many keeping a close eye on its potential surge. As the network expands and Avalanche adoption increases, traders should watch key levels for opportunities in the market.