Avalanches Avax -Token is ready for big winnings in the coming years, which should already surpass Bullish prospects for both Bitcoin and Ether, according to Standard Chartered’s Geoff Kendrick.

“The Unique Thing About Avalanche Is How It Is ATTEMPTING TO ACHIEVE SCALE. UNLIKE ETHEREUM OR SOLANA, AVALANCE (AVAX) USES A SET OF SUBNETS, OR SIDECHAINS,” KENDRICK SAID IN A NOTE ON WEDNESDAY, INITIATION COVERAGE ON AVAX WITH A $ 55 PRICE TARGET FOR THE END OF 2025, 2026, $ 150 for 2027, $ 200 for 2028 and $ 250 by the Completion of 2029.

“Although it is still too early to tell if the new subnet approach will work, we believe that the fact that a quarter of active subnets are already Etna-compatible is encouraging.”

He also pointed out the network’s growing developer number since its upgrade in December, reducing the cost of establishing a sub -network close to zero.

Avalanche, located on a $ 9 billion market capital, is currently the 15th largest cryptocurrency of this metric, making it a great candidate to take advantage of a major influence even through step -by -step improvements, according to Kendrick. Among the blockchains, it is the tenth largest by total value locked (tvl).

“As a result, we see Avax better than Bitcoin and Ethereum in terms of relative price gains in the coming years and reach a level around USD 250 at the end-20129, more than 10x today’s price.”

At the forefront of the December upgrade, the Avalanche Foundation, the issuer of Avax, raised $ 250 million in a token sale, led by Galaxy Digital, Dragonfly and Parafi Capital.