- In 2024, the bullish price prediction for AXL is $9.39, indicating that the token might 4.5x.
- 2027 might not be so great for AXL but a recovery is expected in 2028 that could drive the price to $16.50.
- AXL’s price can hit $20 in 2030 as demand for the cryptocurrency might increase.
Not many blockchains communicate with one another in the ecosystem. However, that is not to say that bridging tokens is not popular but most times, users find it complex to complete the steps.
Say no more as Axelar (AXL) is here to less than challenge with its web3 cross-chain communication network. In this article, Coin Edition dives deep into explaining what the project is. Beyond that, you would learn about its native token and the price predictions from 2024 to 2030.
Table of contents
- Axelar (AXL) Real Time Market Status
- What is Axelar (AXL)?
- AXL Current Market Status
- Axelar (AXL) Price Analysis
- Axelar (AXL) Price Prediction 2024
- Axelar (AXL) Price Prediction 2025
- Axelar (AXL) Price Prediction 2026
- Axelar (AXL) Price Prediction 2027
- Axelar (AXL) Price Prediction 2028
- Axelar (AXL) Price Prediction 2029
- Axelar (AXL) Price Prediction 2030
- Axelar (AXL) Price Prediction 2040
- Axelar (AXL) Price Prediction 2050
- Conclusion
- FAQs
Axelar (AXL) Real Time Market Status
| 🪙 Name | Axelar |
| 💱 Symbol | AXL |
| 🏅 Rank | #107 |
| 💲 Price | $1.06562305934 |
| 📊 Price Change (1h) | 0.22 % |
| 📊 Price Change (24h) | -0.75 % |
| 📊 Price Change (7d) | -12.16 % |
| 💵 Market Cap | $683661850.237 |
| 💸 Circulating Supply | 641560675.928 AXL |
| 💰 Total Supply | 1146486433.73 AXL |
Axelar (AXL) is currently trading at $1.06562305934 and sits at number #107 on CoinMarketCap in terms of market capitalization. There are 641560675.928 AXL coins currently in circulation, bringing the total market cap to $683661850.237.
Over the past 24 hours, Axelar has decreased by 0.75%. Looking at the last week, the coin is down by 12.16%.
What is Axelar (AXL)?
Axelar is a web3 project with the aim of powering cross-chain communication in the ecosystem. With Axelar, anyone can build decentralized applications. The project uses a permissionless network to allow cross-chain transfer of tokens including Ethereum (ETH), Fantom (FTM), and Avalanche (AVAX).
The network also allows communication with other projects which have ERC-20 tokens. In terms of security, Axelar employs the Proof-of-Stake (PoS) consensus mechanism to keep the network running.
It would also interest you to know that Axelar has three components. The first is its decentralized network. The second is the smart contracts accessibility while the third is an array of Application Program Interfaces (APIs) for developers.
These three components make Axelar unique. It is also the reason why PolyChain Capital, Coinbase, and Binance back the project.
AXL Current Market Status
AXL’s price as of this writing, was $2.02. This value represented a 9.03% increase in the last 24 hours. Like the price, the trading volume of the token also increased and was $28.90 million. The increase in volume was proof that traders were interested in AXL and were capitalizing on the price action for buying and selling.
Axelar is ranked number 90, and it has a market cap of $1.23 billion. In terms of circulation, AXL has 608.44 million tokens. Its total supply is 1.14 billion AXL tokens. AXL is available on many exchanges. If you plan to own some, you can head over to Coinbase, KuCoin, or use the Uniswap v3.
Axelar (AXL) Price Analysis
As a relatively new project, it is important to check out the price potential of AXL. Therefore, in this segment, Coin Editon would be analyzing the token for the short term. You would also know how far the price can go in 2024. In addition, the price prediction from 2025 to 2030 is available in the section.
Axelar (AXL) Price Analysis – Bollinger Bands
The AXL/USD 4-hour showed that the Bollinger Bands (BB) contracted. This contraction was a sign of falling volatility. Therefore, AXL’s price might not extend extremely high or low in the short term.
From Coin Edition’s analysis, the highly bullish prediction for AXL was $2.12 in the short term. For the bearish outlook, the condition of the BB might drive AXL down to $1.82.
Axelar (AXL) Price Analysis – Relative Strength Index
At press time, the Relative Strength Index (RSI) was 56.94, indicating a relatively good buying momentum. However, the RSI also revealed that the upward strength had decreased considering that the reading was higher before.
If the bullish momentum continues to fall, then AXL’s price might drop to $1.87. However, a return of buying pressure could change things for the token as it might climb to 2.10.
Axelar (AXL) Price Analysis – Moving Average Convergence Divergence
The Moving Average Convergence Divergence (MACD) was positive as of this writing. However, the oscillator showed that AXL’s bullish momentum has stalled. This suggests that the value of the token might consolidate.
Apart from that, the 12 EMA (blue) and 26 EMA (orange) were around the same point. This implies that the buying and selling pressure was almost at par. As a result, AXL might change hands between $1.82 and $2.10 in the coming days.
Axelar (AXL) Price Prediction 2024
Coin Edition’s analysis showed that AXL’s price could rise much higher than it currently is in 2024. On the daily timeframe, the Supertrend indicated a buy signal around $1.51. Hence, if the price of the token drops to that level, it could be a good entry point.
However, signals from the Fibonacci extension revealed that the value might climb as high as $9.39. This was where the 4.236 Fib level was positioned. But the price prediction to $9.39 might not come without pullbacks.
If you are a long-term holder, then buying AXL at any of your desired prices might be great before it rallies. But a trader looking for short-term gains should not do that. Instead, you should analyze the chart and search for entries before the pump begins.
Axelar (AXL) Price Prediction – Resistance and Support Levels
According to the 4-hour analysis, bulls camped at $1.61, and have built a solid support at that point. However, as AXL rose above $2, it encountered resistance at $1.92 where bears tried to tug back the price.
But bulls triumphed. Meanwhile, there was an overhead resistance at $2.18. A close above this resistance might help the token revisit its all-time high. However, rejection at this point might force AXL back below $2.
Axelar (AXL) Price Prediction 2025
By 2025, the crypto market is expected to be in a strong bullish phase. Therefore, the price of many tokens including AXL might have increased. AXL’s price prediction for 2025 is $12.
Axelar (AXL) Price Prediction 2026
In 2026, many holders might have booked profits from the price increase. Hence, this could cause a decline, putting the prediction at $7.50.
Axelar (AXL) Price Prediction 2027
In 2027, the price prediction of AXL might be $10. This is because demand for the token might increase as more developers might build dApps on the Axelar network. If this is the case, users might flock into the ecosystem and AXL’s price might increase.
Axelar (AXL) Price Prediction 2028
AXL’s price is expected to surge in 2028. This year could also be bullish for the crypto market. On a conservative level, the price prediction for 2028 is $16.50.
Axelar (AXL) Price Prediction 2029
In 2029, the price of AXL might trade sideways. From a bullish point of view, the value of the token might hit $18. However, bearish predictions put the price at $13.85.
Axelar (AXL) Price Prediction 2030
AXL’s price can reach $20 in 2030. Since this is a long time from now, the total crypto market cap might have exceeded $10 trillion by then. As such, prices of altcoins like AXL might extend higher.
Axelar (AXL) Price Prediction 2040
2040 might also bring in a surge in crypto adoption. Because of this AXL’s price might rally as high as $42.50
| Minimum Price | Average Price | Maximum Price |
| $26.54 | $31.25 | $42.50 |
Axelar (AXL) Price Prediction 2050
In 2050, the price of AXL might get close to $50. But it is possible for the token not to hit the value. However, a jump to $48.75 is possible.
| Minimum Price | Average Price | Maximum Price |
| $32.49 | $40.20 | $48.75 |
Conclusion
Finally, the analysis above shows that the Axelar project, and AXL at large might remain relevant in the crypto market for a long while. However, it is important not to completely rely on these predictions as there could be unforeseen changes in the market. Nevertheless, AXL’s price is one to keep an eye especially as altcoins have not hit their peaks this cycle.
FAQs
AXL is the native token of Axelar, a web3 cross-chain communication protocol. Since AXL was built on PoS, the cryptocurrency can interact with other ERC-20 tokens including ETH, AVAX, and FTM.
Buying AXL is easy. If you prefer the decentralized route, you can buy AXL on Uniswap v3. However, if exchanges are your preferred option, you can buy the token on Coinbase or KuCoin.
AXL might be “too young” to consider if it is a good investment. But in the last 30 days, the price of the token has increased by 36.93%, meaning those who bought the token are in profit.
However, the value of AXL might decrease at any point as the crypto market might undergo correction. But that does not mean that it is not a good investment. You only need to find the right buying opportunity to determine that.
AXL’s all-time is $2.54. This happened on March 3- some days after it launched.
Considering that AXL is still in the price discovery stage, it might hit $10. But how soon is what is unknown. From the current price, $10 would mean a 5x for the cryptocurrency which is not impossible.
AXL’s maximum supply is unknown. However, the total supply of the cryptocurrency is 1.14 billion tokens.
Yes, AXL can surpass its current ATH. One of the reasons for this project is its unique features and there are not many projects doing what Axelar does. As such, demand for the token might increase, and the price might surpass its current ATH.
The lowest price of AXL is $0.56, and this was on April 19, 2023.
Georgios Vlachos and Sergey Gorbunov are the founders of Axelar. Interestingly, these two were founding members of Algorand (ALGO).
AXL was launched in April 2023.
There are different ways to store AXL. One of them is on exchanges. Assuming you buy the tokens on Coinbase, you can store them there. However, if you prefer extra security for your holdings, you can store AXL on a decentralized wallet like Uniswap.
The price of AXL can hit $9.39 in 2024. However, the price prediction does not mean that the token would not undergo a correction before it hits the aforementioned value.
The value of AXL might be $12 in 2025.
In 2026, the price of AXL might decrease to $7.50.
AXL’s price might have recovered by 2027, placing the price prediction at $10.
In 2028, AXL’s price is projected to hit $16.50.
From a bearish point of view, AXL might hit $13.85 in 2029. But bullish expectations place the prediction at $18.
The 2030 price prediction for AXL is $20.
The price prediction for AXL in 2024 is $42.50.
AXL can hit $48.75 by 2050.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
