While the Crypto Avx has several recovery signals since the last corrective phase, the Standard Chartered Bank is optimistic. According to his analysts, the recent Etna update, which has reduced the cost of creating a Layer 1 on the avalanche blockchain, could well propel cryptocurrency to new heights.
Positive forecasts thanks to the ETNA update
While the Avox crypto won on Thursday, April 3, 2025 (driven by the overall drop in the financial markets caused by the announcement of customs fees by Donald Trump), until Turn around the $ 18, A Chartered Standard Analysis restores optimism. Indeed, according to the British bank, AVAX could see its price multiplied by thirteen by 2029, amount up to $ 250.
Geoffrey Kendrick, global manager of digital asset research at the bank, estimates that The recent update called Etna will be the cause of a renewed interest in Avalanche.
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Activated in December 2024, the ETNA update considerably facilitates the creation of subnets (subnets) on avalanche. Indeed, launching these alternative networks now called L1 no longer requires a massive Avx storage, which greatly reduces the initial costs: They are now almost zero, against up to $ 450,000 before. What make the network more interesting.
“The first signs show that the Etna update is working. A quarter of the active underground subnets are now compatible ETNA, and the number of developers has jumped 40 % since this update. »»
Geoffrey Kendrick expects the AVAX to reach $ 55 by the end of 2025, $ 100 in 2026, $ 150 in 2027, $ 200 in 2028 and Finally, $ 250 in 2029. An impressive comeback. In our last March 26 analysiswe are already planning a upward correction to come on Avx.
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The expanding avalanche ecosystem
Compatibility with Ethereum Virtual Machine (EVM) offers Avalanche a beautiful competitive advantage. Some developers are currently migrating Layer 2 from Ethereum to the solution proposed by Avalanche, according to Geoffrey Kendrick.
Even if the transactions costs remain higher than certain Layers 2 as arbitrum, avalanche targets more the creation of new applications than the simple portage of existing. Blockchain could in particular attract projects in the gaming sector or general public tools.
In addition, Avalanche is gradually imposed itself in the tokenization of real assets. The BlackRock tokenized Fund, Buidl, with $ 1.9 billion, has just joined Avalanche, with $ 52 million already present on the network. According to Geoffrey Kendrick, this movement could attract even more tokenized assets in the future.
“We are planning that the Avox will outperform both Bitcoin and Ethereum in terms of gains relating in the coming years. »»
Source : The Block
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After training in journalism, I worked for a few years in general press before discovering the world of personal finance and the scholarship. Fallen into cryptos since 2020, I am particularly interested in the decryption of news that influence the Cryptos markets. My goal? Always teach my readers more by providing the most precise and the most just possible information.
Justine Ferrari
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