Will AVAX Crush BTC & ETH? 🥳 Standard Chartered’s Bold Prediction! 💰

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Oh, what a delightful turn of events! The esteemed Standard Chartered, that bastion of financial wisdom, has ventured into the realm of crypto forecasts with all the grace of a peacock displaying its plumage. Their predictions are as audacious as they are amusing, particularly regarding Avalanche (AVAX), which they foresee soaring past Bitcoin (BTC) and Ethereum (ETH) like a swan gliding over mere ducks.

Our dear friend Ryan Rasmussen, the Head of Research at Bitwise, couldn’t help but trumpet this news across X, a platform that, let’s face it, is often as quiet as an empty ballroom. He shared a chart that laid bare Standard Chartered’s crystal ball gazing, revealing the most tantalizing of visions.

According to these soothsayers, AVAX shall ascend to the lofty heights of $55 by the close of 2025, only to continue its ascent to $100 in 2026, $150 in 2027, $200 in 2028, and finally, $250 by the end of 2029. A 1,200% increase, you say? Why, that’s enough to make even the most jaded investor’s eyes twinkle with anticipation!

Meanwhile, the grand old Bitcoin, so often the belle of the ball, is expected to dance from $200,000 in 2025 to a graceful $500,000 by 2028—a figure it shall hold as steadfastly as a statue in a garden party.

Ethereum, that charming second son, is set for a more measured waltz, reaching $7,500 by 2028, with nary a step out of place in 2029. How very British of it.

The ratios, oh the ratios! The BTC-to-AVAX ratio shall plummet from 3,636 in 2025 to a mere 2,000 in 2029, suggesting that AVAX will gallop ahead of Bitcoin with the vigor of a thoroughbred. Similarly, the ETH-to-AVAX ratio is forecasted to fall from 73 to 30, leaving Ethereum in the dust.

Standard Chartered, in their infinite wisdom, has bestowed upon us their bullish case for Avalanche. They anticipate AVAX to leap from its current humble abode near $20 to a princely sum of $250 by 2029. Geoffrey Kendrick, the bank’s global head of digital assets research, waxed poetic about the virtues of Avalanche’s scaling approach and its Etna upgrade, which has made launching subnets as affordable as a cup of tea.

With a quarter of Avalanche’s subnets now compatible with Etna, and a 40% surge in developer interest, Kendrick predicts a migration from Ethereum Layer 2 solutions to Avalanche, akin to a flock of birds seeking greener pastures. He envisions Avalanche as the perfect playground for gaming and consumer-focused tools, ensuring its growth as much as a garden needs rain.

So there you have it, dear reader. Will AVAX truly outshine BTC and ETH, or is this merely a fleeting fancy of the financial elite? Only time will tell, but one thing is certain: the world of crypto never fails to entertain.


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2025-04-03 18:42