Standard Chartered Bank predicts that Avalanche's native token AVAX could soar to $250 by 2029.

PANews April 3 news, according to The Block, Standard Chartered Bank has begun coverage research on Layer 1 Blockchain Avalanche and expects the network's native token AVAX to rise over 10 times from the current approximately $20 to $250 by the end of 2029. The bank's Global Head of Digital Asset Research, Geoffrey Kendrick, stated in the latest report: "One positive aspect of the tariff turmoil is that it gives us an opportunity to recalibrate and pick the winners of the next round of digital asset price rises. I believe Avalanche will be another winner, perhaps the winner among Ethereum Virtual Machine (EVM) chains." Kendrick specifically pointed out the advantages of Avalanche's scalability solutions, especially the Etna upgrade (codenamed Avalanche9000) completed in December 2024. This upgrade enables developers to create subnets or Layer 1 blockchains on Avalanche at nearly zero cost—what used to require staking AVAX tokens worth $450,000 now has significantly reduced technical barriers and funding requirements. Data shows that the subnets compatible with Etna have accounted for 25% of the total active subnets after the upgrade, and the number of developers has surged by 40%. Based on the growth trend after the Etna upgrade, Standard Chartered has set phased target prices: $55 by the end of 2025, $100 in 2026, $150 in 2027 (breaking historical peaks), $200 in 2028, and $250 in 2029. Kendrick emphasized: "The relative rise of AVAX in the coming years may surpass that of Bitcoin and Ether, but it should be noted that its three-month historical volatility is close to 100%, which is twice that of Bitcoin."