Standard Chartered analysts foresee a significant rise in Avalanche's (AVAX) value in the coming years. Detailed price predictions and contributing factors are discussed.
AVAX Price Predictions
According to Standard Chartered analyst Geoff Kendrick, AVAX's value could reach $55 by 2025, $100 by 2026, $150 by 2027, $200 by 2028, and $250 by 2029. This represents more than a tenfold increase from its current value.
Unique Scaling Model and Advantages
One of the key features that set Avalanche apart from others is its unique scaling model. Unlike Ethereum or Solana, Avalanche uses a system of subnets, or sidechains, to increase scalability and efficiency.
Growth Factors and Avalanche's Market Position
Another critical factor supporting Avalanche’s growth is the increased developer participation following a major network upgrade in December, which reduced the cost of setting up a subnet to nearly zero, potentially driving greater adoption and innovation in the ecosystem. With a current market cap of $9 billion, Avalanche is the 15th largest cryptocurrency. However, when measured by total value locked (TVL), it stands as the tenth largest blockchain. Kendrick argues that Avalanche’s relatively smaller size compared to industry giants like Bitcoin and Ethereum puts it in a good position to experience exponential growth even with incremental advancements.
The projected rise of Avalanche looks impressive. However, as with any investment, potential risks and market circumstances must be considered.
