Standard Chartered, a multinational bank giant, points out Avalanche (AVAX) as one of the best crypto to buy and store in your wallet. Geoff Kendrick, the global head of digital assets research at Standard Chartered, has a say in this;
“Avalanche’s current small market cap means that incremental development improvements can have a big impact. As a result, we see AVAX outperforming both Bitcoin and Ethereum in terms of relative price gains,” Geoff Kendrick says.
In addition, Standard Chartered is also projecting to hit $250 by 2029, a crazy rise from its current $18 price, outpacing the bank’s Bitcoin $500,000 mark crypto prediction.
Let’s dive into it and take a closer look at whether the bank’s personnel rolled weed with a dollar bill.
STANDARD CHARTERED BANK SAYS $AVAX WILL OUTPERFORM $BTC BY 2029
— The Wolf Of All Streets (@scottmelker) April 3, 2025
What was Standard Chartered Thinking When It Ranked AVAX Above Bitcoin?
Let’s start; Avalanche can process up to 4,500 transactions per second, far exceeding Bitcoin’s 7 transactions per second. Its ability to scale while keeping fees low gives AVAX an edge in decentralized finance. According to Standard Chartered, Avalanche’s smaller market cap can boost the influence of its regular updates, including the Etna Upgrade, which lowered developers’ expenses.
The bank’s reports is also noting on AVAX increased adoption. Its compatibility with Ethereum’s tools, like the EVM crypto wallet, is the best integration aid for users. Partnerships, such as with Amazon Web Services, are also boosting its credibility for mass adoption.
Avalanche also has room for growth; even a small development can trigger huge price jumps on this crypto asset. Unlike , which dominates as a store of value, AVAX benefits from its role in decentralized finance and real-world applications.
However, some see Standard Chartered’s call as a signal of Avalanche potential to disrupt Bitcoin in the crypto hierarchy, while others question banking giants making long-term altcoin bets.
For now, Avalanche stands at a crypto crossroads. Its innovative approach has earned high praise, but the path to overtake Bitcoin’s dominance is long.
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Storing AVAX for The Long Game: Best Wallet Supports More Than 60 Crypto Blockchain
Best Wallet is a robust crypto storage solution with an ecosystem that integrates trading, staking, and presale access. With over 1 million downloads and a 4.6/5 rating on app stores, it’s one of the fastest-growing crypto wallets with a user-friendly yet powerful platform.
With Standard Chartered prediction on Avalanche to outshine Bitcoin, Best Wallet is an excellent long-term storage option for AVAX as it supports over 60 blockchains.
In addition, Best Wallet’s secure, decentralized design ensures users to retain control of their private keys, giving safety net for holding AVAX over extended periods.
Its “Upcoming Tokens” feature also sets it apart, allowing users to discover potential mooners before they hit the markets. By vetting projects and offering early investment opportunities within the app, Best Wallet connects users to high-rewarding tokens in their early phase, leveraging its Best DEX integration for seamless swaps across 200+ decentralized exchanges.
It offers staking with dynamic APY of 135%, which rewards long-term holders. As for now, $BEST token is currently priced at $0.0245 still in its presale, a bargain as it has already raised over $11 million.
In addition to it, YouTubers are rumbling about $BEST’s crypto potential, with some predicting 20x to 40x short-term overtaking AVAX and Bitcoin in terms of potential. And don’t forget it comes with a crypto debit card that can be spent directly without the need to off-ramp to fiat.
Download Best Wallet on Google Play or the Apple App Store.
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