Avalanche (Avax) to skip Bitcoin and Ethereum by the end of 2029, Standard Charted predicts after starting the coverage

Avalacen is preparing from Avalanche to make great gains in the coming years that must already exceed the rise of the Bitcoin and Eter, according to Geoff Kendrick from Standard Charterd.

“The unique thing in Avalanche is how you try to achieve the range. 2029,” Kindrik said in a note on Wednesday.

“Although it is very early to know whether the new sub -network approach will succeed, we believe that the fact that a quarter of the active sub -networks are already compatible with Etna is encouraging.”

He also referred to the growing developer number of the network since that Promotion in DecemberWhich reduced the cost of creating a sub -network close to scratch.

Avalanche, which costs 9 billion dollars for the market, is currently the 15 largest coins coded by this scale, making it a great candidate to take advantage of a significant impact even through additional improvements, according to Kindrik. Between Blockchains, it is The tenth By the total closed value (TVL).

“As a result, we see Avax outperform Bitcoin and Ethereum in terms of relative prices in the coming years, as it reached about $ 250 by the end of 2019, more than 10 times today.”

Before the upgrade of December, the Avalanche Foundation, the exporter of Avax, raised $ 250 million in a symbolic sale, led by Galaxy Digital, Dragonfly and Parafi Capital.