Avalanch will increase and outlast Bitcoin until the end of 2029. years: Standard Chartered

Although standard authorized expected the price Bitcoin Up to approximately 2029. Year, the multinational bank says that there is Altcoin that could surpass him significantly.

Layer-1 Blickcain AvalancheAvak’s Avak was able to jump to $ 250 to the end of the decade – 1,326% spike from this writing – according to the April report of the Bank.

For comparison, Standard Chartered predicts that the price of bitcoin will increase almost 500% to $ 500,000 to the end of 2029. Years.

Avak is currently trading in $ 18, while Bitcoin floats near $ 82,650, Coingecko data It shows.

A unique availability of an avalanche scaling through the set L1 application networks (previously called) will probably submit a predicted flourished price, wrote Geoff Kendrick, Global Chapter Digital Property Research on Standard rent.

“AVALANCE is a current small market cap means that improved development improvements can have a great impact,” Kendrick said in the report. “As a result, we see avaq, outlast and bitcoin and Ethereum In terms of relative price prices. “

The Avalanch is one of several blocks that are aggressively directed to improve the transaction and costs to their network on offer to attract more users and developers.

She further considered wild west of the crypto industry, definitive or decentralized courts to finance far fewer users than centralized platforms, leading to fierce competition among protocols.

The Avalanka completed its Etan upgrade, increasing support for its solution for scaling and making it cheaper to engage with a network. After an upgrade, the costs of establishing L1 on the avalanche drastically fell. Since then, more developers included avalanches – and that migration on the network can continue, cents Kendrick.

“We think that current development momentum will probably continue, supporting the growth of avalanche activity and gain avax price,” Kendrick said.

He added that “while it is still too early to tell whether the new (L1) approach will succeed … the fact that one quarter of active (L1) is in line with encouraging.”

Standard Chartered expects a positive price of Avax as soon as this year, with the bank, the token will hit $ 55 by the end of 2025, in accordance with the report. The Bank forecast predicts that the price of tokens will hit $ 100 in 2026. years, $ 150 in 2027. And $ 200 in 2028. Years.

Avak was reached at a price of almost $ 145 in 2021. years and sits almost 88% below that brand, from this writing.

Edited James Rubin