Axelar is a blockchain project that aims to provide secure and seamless transactions between chains for Web3 applications. It consists of three main components: a decentralized network of authenticators, a software development kit of protocols and APIs, and various gateways and smart contracts.
AXL is the native token of Axelar, which can be transferred to various chains by supporting other tokens. Also, Axelar has attracted funding from large investors and claims to be the only network offering a dynamic and proof-of-stake chain network.
It also streamlines the development process of cross-chain applications by providing user-friendly APIs and tools. Axelar’s vision is to empower developers and users to provide one-click access to the entire decentralized network.
Axelar Price Technical Analysis
The Axelar crypto price is hovering in a short range and forming an ascending triangle pattern. The price suffered multiple rejections from the recent supply zone. Also, the price also took support from a positive trendline support and bounced back.
The long term trend is bullish which the price may resume in the short term also if it makes a breakout. The breakout may initiate another short term bullish surge and the price may continue to form higher lows.
The 24-hour trading volume was $5.878 Million with a 64.81% drop as compared to yesterday. This live market cap is $619.817 Million and it ranks 97th among the top cryptos. The volume-to-market cap ratio is 1.02%, highlighting low volatility.
Axelar Price Prediction 2024
According to our analysts, the most optimistic view of analysts estimates an upside potential of 75.44%. The price of the Axelar token could reach up to $2.071 by the end of 2023. The pessimistic view of analysts is that it could attain the $1.735 mark.
Axelar Price Prediction 2025
The most optimistic note of the price prediction for the year 2025 shows that AXL coin price could lead to a high of $2.516. However, the pessimistic view of analysts expects the price to reach $2.198.
Axelar Price Prediction 2026
The AXL crypto price may reach a high of $2.972 if a positive trend prevails in the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $2.406 by 2026.
Axelar Price Prediction 2027
As per the precise prediction of our analysts for the year 2027, the AXL crypto price could show a highest value of $3.669. Whereas the lowest value up to which the price could advance is $3.223.
Axelar Price Prediction 2028
By the next four years the most optimistic price that the Axelar investors may target is $4.11. On the contrary the lowest price target that the AXL crypto may show is $3.857.
Axelar Price Prediction 2029
AXL crypto price could advance to a high of $4.874 signifying a maximum upside potential of 304% by the end of year 2029. The lowest price that the Axelar crypto could achieve is $4.305.
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.
Source: https://www.thecoinrepublic.com/2023/12/30/axelar-price-prediction-a-bullish-outlook-for-upcoming-years/