AVAX To Soar 1,200%, Beat Bitcoin By 2029: Standard Chartered

Standard Chartered, a global banking giant, has published new price forecasts for the three most popular cryptocurrencies: Avalanche AVAX (BTC), Ethereum ETH (ETH), and Bitcoin BTC. Avalanche, according to the forecasts of Standard Chartered, is expected to overtake both Bitcoin (BTC) and Ethereum (ETH) by 2029.

Ryan Rasmussen Head of research at Bitwise drew attention Get these ambitious goals by using X. “Global banking giant Standard Chartered just published 5yr price targets for Bitcoin, Ethereum, and Avalanche,” Rasmussen pointed to a graph that summarized the bank’s estimations.

Standard Chartered anticipates Avalanche to be worth $55 at the end 2025. It will then reach $100 in 2026. $150 is expected by 2027. $200 by 2028. And finally $250 by the year 2029. This growth projection represents an increase of more than 1,200% from its current trading value, which is around $20.

Bitcoin (BTC), the cryptocurrency, has been gaining popularity. updated its forecast and now projects BTC to appreciate from $200,000 in 2025 to $300,000 in 2026, followed by $400,000 in 2027, and finally hitting $500,000 in 2028—a level it is expected to maintain through 2029.

Standard Chartered predicts that Ethereum (ETH) will reach $4,000 by 2025. It is expected to increase to $5,000 by 2026. $6,000 by 2027. $7,500 in 2028. Standard Chartered does not expect any change in 2029. This forecast shows a slower but more steady growth than Avalanche.

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The bank used ratio metrics in order to compare AVAX’s performance against BTC, ETH and other currencies. BTC to AVAX, or the ratio of AVAX to BTC is predicted to fall from 3,636 tokens to one BTC in 2025, to only 2,000 in 2030.

AVAX’s price will increase faster over time due to this decreasing trend. Similarly, it is expected that the ETH/AVAX rate will decline during this timeframe from 73 percent to 30 percent, indicating a similar performance against Ethereum.

Standard Chartered’s Bullish Case For Avalanche

Standard Chartered is now covering Avalanche. The bank expects AVAX will rise in price from $20 at present to $250 before the year 2029. “One positive of the tariff noise is that it gives us a chance to re-set and pick winners for the next upswing in digital asset prices,” Geoffrey Kendrick was the head of global digital asset research at the bank. email To The Block, Wednesday, in reference to his most recent report. “And I think Avalanche will be another winner, perhaps the winner in EVM [Ethereum Virtual Machine] chains.”

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Kendrick emphasized that Avalanche’s approach to scaling—particularly after its Etna upgrade, also known as Avalanche9000—positions the network for long-term success. The Etna upgrade, which was activated in December 2024 and reduced costs for launching subnets to almost zero (Avalanche calls them Layer 1 Blockchains), drastically reducing setup expenses.

Kendrick pointed out that it appears these changes have attracted new activity from developers. “A quarter of Avalanche’s active subnets are now Etna-compatible, and developer numbers have jumped 40% since the upgrade.”

He said that some developers have also migrated from Ethereum Layer 2 Avalanche is a good solution due to the compatibility of its code with Ethereum and lower overheads for creating new L1 or subnets. While fees on Avalanche can still run higher than certain Ethereum L2s like Arbitrum, Kendrick believes attracting completely new applications—especially in fields such as gaming and consumer-focused tools—will be critical to Avalanche’s growth.

“As a result, we see AVAX outperforming both Bitcoin and Ethereum in terms of relative price gains in the coming years,” Kendrick commented, noting Avalanche’s higher volatility levels when compared with BTC.

BTC is currently trading for $83,334.

Featured Image created using DALL.E and chart from TradingView.com