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- 1 The AXL token price is down 5.12% in the past 24 hours and was trading at $1.16 at press time.
- 2 The weekly AXL/USD chart shows a bullish surge in the past two months that took the price from an all time low to an all time high.
Axelar is a platform that lets different blockchains talk to each other. It uses a dynamic validator network that runs on proof of stake. It also has protocols, APIs, and tools that make cross chain development easy.
Developers can build on any chain and let their users access the whole decentralized web. Also, It has a token named “AXL”. It is used for network fees and governance. It has a total supply of 1,070,075,609 AXL.
Out of it, the distribution of tokens are: Backers: 29.5%, Team:17%, Company: 12.5%, Community sale: 5% and community programs: 36%.
It also supports the transfer of other tokens like AVAX, ETH, FTM, GLMR, and MATIC.
The price action analysis of the AXL token signifies a strong bullish outlook over the weekly chart. The bulls have made a comeback as the price has lifted off from an all-time low to an all-time high in the past two months.
The price registered an all time low of $0.3136 in October. Thereafter a bullish wave emerged which surged the price to hit an All time high of $1.26 in December. The price gained over 265% in the same period.
Furthermore, the weekly chart illustrates a strong uptrend at the moment. More buying volume is likely to be witnessed.
Axelar Price Prediction 2023
The volume analysis shows that the trading volume dropped by 24.37% and reached $28.339 Million in the past 24 hours. The AXL crypto ranks 101st among the top cryptos with a live market cap of $594.7 Million. The volume-to-market cap ratio is 4.78%, indicating low volatility in the market.
The price prediction of AXL crypto showcases a neutral to bullish outlook in the short term. The most optimistic estimate of the analysts expects the price to reach a high of $1.493, indicating an upside potential of over 28.79%. The pessimistic outlook of the analysts is a drop to $0.8911.
Axelar Price Prediction 2024
As per the analysts, the most optimistic target that Axelar crypto price may achieve is $2.484; indicating an upside potential of 112.04% from the CMP. The minimum analyst price target is $1.655 by the end of 2024.
Axelar Price Prediction 2025
Over the next three years, the optimistic view of analysts expects that the AXL price may reach a high of $3.216. The price may reach $3.048 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $2.438.
Axelar Price Prediction 2026
The Axelar cryptocurrency price may reach a high of $4.476 if an optimistic trend prevails in the crypto market. On the flip side, the pessimistic view of the analysts expects the price to reach $3.180 by 2026.
Axelar Price Prediction 2027
According to the analysts’ price prediction for the year 2027, the most optimistic view of analysts for Axelar crypto estimates a price target of $5.680. The minimum price target that AXL may achieve by 2027 is $4.183.
Axelar Price Prediction 2028
The analysts are optimistic about Axelar (AXL) and predict that the price could go up to $7.149 in the next five years. However, the pessimistic analysts expect the price to drop to $5.575.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
