Global banking giant Standard Chartered published new five-year price projections for three leading cryptocurrencies: Avalanche (AVAX), Bitcoin (BTC), and Ethereum (ETH). According to these forecasts, Avalanche is poised to gain significant ground on both Bitcoin and Ethereum by 2029.<\/p>\n
Ryan Rasmussen, Head of Research at Bitwise, drew attention<\/a> to these ambitious targets via X. \u201cGlobal banking giant Standard Chartered just published 5yr price targets for Bitcoin, Ethereum, and Avalanche,\u201d Rasmussen wrote, pointing to a chart that outlined the bank\u2019s estimates.<\/p>\n Standard Chartered expects Avalanche (AVAX) to reach $55 by the end of 2025, $100 by 2026, $150 by 2027, $200 by 2028, and ultimately $250 by the end of 2029. This projected growth represents a more than 1,200% increase from its current trading level of around $20.<\/p>\n Meanwhile, Bitcoin (BTC) updated its forecast<\/a> 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\u2014a level it is expected to maintain through 2029.<\/p>\n For Ethereum (ETH), Standard Chartered projects the token to hit $4,000 in 2025, $5,000 in 2026, $6,000 in 2027, and $7,500 by 2028, with no change anticipated in 2029. The forecast indicates steady but less dramatic growth relative to Avalanche.<\/p>\n In terms of comparative valuation, the bank provided ratio metrics to show how AVAX might perform against BTC and ETH. The BTC-to-AVAX ratio, which measures how many AVAX tokens equal one BTC, is expected to drop from 3,636 in 2025 to 2,000 in 2029.<\/p>\n This decreasing trend implies that AVAX will appreciate faster than Bitcoin over the period. Similarly, the ETH-to-AVAX ratio is projected to decline from 73 to 30 during the same timeframe, pointing to a similar outperformance against Ethereum.<\/p>\n Standard Chartered has initiated coverage of Avalanche, stating it expects AVAX to rise from its current price of roughly $20 to $250 by the end of 2029. \u201cOne 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,\u201d said Geoffrey Kendrick, the bank\u2019s global head of digital assets research, in an email<\/a> to The Block on Wednesday, referencing his latest report. \u201cAnd I think Avalanche will be another winner, perhaps the winner in EVM [Ethereum Virtual Machine] chains.\u201d<\/p>\n Kendrick emphasized that Avalanche\u2019s approach to scaling\u2014particularly after its Etna upgrade, also known as Avalanche9000<\/a>\u2014positions the network for long-term success. Activated in December 2024, the Etna upgrade dramatically reduced the cost of launching subnets (which Avalanche now calls Layer 1 blockchains), slashing setup expenses from up to $450,000 to nearly zero.<\/p>\n Kendrick noted that these changes appear to be attracting new developer activity: \u201cA quarter of Avalanche\u2019s active subnets are now Etna-compatible, and developer numbers have jumped 40% since the upgrade.\u201d<\/p>\nStandard Chartered\u2019s Bullish Case For Avalanche<\/h2>\n