The cryptocurrency market is constantly evolving, and investors are always on the lookout for the next big opportunity. One token that has garnered significant attention recently is Avalanche’s AVAX. According to Geoff Kendrick of Standard Chartered, AVAX is poised for major gains in the coming years, potentially outpacing the already optimistic projections for both Bitcoin and Ethereum.
Kendrick points out that the uniqueness of Avalanche lies in its approach to scalability. Unlike Ethereum or Solana, which have their own methods for achieving scale, Avalanche employs a set of subnets, or sidechains, that may offer a more efficient solution. In a recent analysis, Kendrick initiated coverage on AVAX with a bold price target of $55 by the end of 2025, followed by $100 in 2026, $150 in 2027, $200 in 2028, and an ambitious $250 by the end of 2029.
While it is still too early to determine the long-term success of this subnet strategy, Kendrick suggests that the early success—where one-quarter of active subnets are already compatible with Ethereum—speaks volumes about Avalanche’s potential.
Since the significant upgrade in December, which nearly eliminated the cost of establishing a subnet, the number of developers within the Avalanche ecosystem has been on the rise. This surge in developer activity hints at a robust future for the platform.
Currently boasting a market cap of $9 billion, Avalanche ranks as the 15th-largest cryptocurrency. This positioning makes it a compelling contender for investors seeking to benefit from both substantial innovations and incremental improvements within the blockchain space. In fact, it also stands as the tenth-largest blockchain by total value locked (TVL).
Kendrick’s analysis shows confidence that AVAX will outperform Bitcoin and Ethereum in terms of relative price gains in the upcoming years, reaching a remarkable $250 by the end of 2029—over ten times its current price. This is largely influenced by Avalanche’s forward-thinking approach and cash influx, highlighted by a $250 million token sale led by notable firms such as Galaxy Digital, Dragonfly, and ParaFi Capital.
In summary, the future looks promising for Avalanche’s AVAX token. With strategic innovations and a clear roadmap for growth, investors may find that now is the time to pay attention to this emerging leader in the cryptocurrency landscape.
