Standard Chartered Bank predicts Avalanche (AVAX) price will reach $250 in 2029

Standard Chartered, a major bank, has predicted that Avalanche (AVAX)'s price outlook will rise more than tenfold from the current price of about $19 to $250 by the end of 2029. Jeffrey Kendrick, global head of digital asset research at Standard Chartered, said in an email to The Block on Wednesday that "this is an opportunity to pick winners in the next digital asset price upswing," and that "Avalanche has the potential to be the biggest winner on the EVM (Ethereum Virtual Machine) chain."

Kendrick particularly noted the Etna upgrade implemented in December 2024...