Avalanche (AVAX) Could See 1,000% Gains by 2029, Says Standard Chartered

Standard Chartered Sees AVAX Rocketing 10x by 2029 as Subnet Strategy Gains Traction

Avalanche’s native token AVAX could deliver a tenfold return by 2029, outpacing even optimistic forecasts for bitcoin and ether, according to a bold new call from Standard Chartered’s head of crypto research, Geoff Kendrick.

In a research note released Wednesday, Kendrick launched formal coverage of Avalanche with a $55 price target by end-2025, followed by $100 in 2026, $150 in 2027, $200 in 2028, and $250 by the end of 2029.

“Avalanche stands apart in how it tackles blockchain scalability,” Kendrick noted. “Its use of subnets—or application-specific sidechains—offers a modular, efficient way to expand activity without congesting the main network.”

Kendrick acknowledged the experimental nature of the subnet approach, but said it was promising that a quarter of active subnets are already Ethereum-compatible. He also highlighted the December protocol upgrade, which slashed subnet setup costs and sparked a rise in developer interest.

Currently ranked 15th by market cap at $9 billion, AVAX has room to climb, particularly since it already ranks 10th in total value locked (TVL) across blockchains.

“AVAX is well-positioned to outpace BTC and ETH in percentage terms,” Kendrick added. “It’s still early in its growth curve, which means smaller gains in adoption can drive outsized price moves.”

The Avalanche Foundation helped build momentum with a $250 million token sale late last year, drawing support from Galaxy Digital, Dragonfly, and ParaFi Capital, among others.

If Avalanche’s scaling playbook proves effective, Kendrick believes the platform could become a major hub for Web3 applications — with AVAX as a key beneficiary.