Axelar (AXL) is the native token of the Axelar network, a layer-1 public blockchain that aims to create a ‘universal bridge’ between different blockchains, such as Bitcoin, Ethereum, Cosmos, Polkadot and others. The Axelar network allows developers of decentralized applications (dApps) to access any asset, data, or functionality of any blockchain, without having to write specific code for each network. The Axelar protocol uses a consensus mechanism based on proof-of-stake (PoS) and a series of specialized nodes, called Axelar nodes, that coordinate cross-chain transactions.
The AXL token has the role of encouraging Axelar nodes to participate in network security and governance, as well as paying commissions for cross-chain
operations.
Table of Contents:
When will it reach 1 dollar?
The price of Axelar depends on many factors, such as supply and demand, news, events, technological advances and competition. It is not possible to predict with certainty when Axelar will reach a certain value, but we can rely on some forecasts made by experts and analysts. According to a forecast, the average price of Axelar in 2024 will be around 0.6462 dollars, with a high of 0.7369 dollars and a low of 0.6288 dollars. So, according to this forecast, Axelar could reach 1 dollar by 2025
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When will it reach 10 dollars?
Still according to the same forecast, the average price of Axelar in 2025 will be around 0.817 dollars, with a maximum of 0.936 dollars and a minimum of 0.790 dollars. So, according to this forecast, Axelar could reach 10 dollars by 2030
.
When will it reach 100 dollars?
The same forecast does not provide forecasts beyond 2030, but we can assume that to reach 100 dollars per coin, Axelar should have exponential growth and overcome many challenges, such as regulation, security, adoption and competition. At the moment, Axelar has a market capitalization of about 562 million dollars, so to reach 100 dollars per coin, it should reach a capitalization of about 56 billion dollars, equal to that of Binance Coin in 2021. This scenario seems very unlikely in the short and medium term, but not impossible in the long term, if Axelar can demonstrate its value and potential in the cross-chain communication sector
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When will it reach 1000 dollars?
To reach 1000 dollars per coin, Axelar should have a market capitalization of around 560 billion dollars, equal to that of Bitcoin in 2021. This scenario seems almost impossible, unless there is a technological and social revolution that leads Axelar to become the dominant platform in the world of cross-chain communication and beyond. However, we cannot completely rule out this possibility, given that cryptocurrencies are a phenomenon in continuous evolution and innovation.
Is it considered a good investment?
Axelar is considered by many to be a good investment, because it has an ambitious vision and a unique technology that could revolutionize the world of cross-chain communication. Axelar also has the support of large companies and organizations, such as Binance, Coinbase Ventures, Dragonfly Capital, Polychain Capital, and others. However, as with any investment, there are also risks and uncertainties, such as volatility, regulation, security, competition, and adoption. So before investing in Axelar, it’s important to do extensive research, weigh the pros and cons, and only invest what you can afford to lose
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Price forecasts from 2024 to 2030
To give you an idea of the possible changes in the price of Axelar in the coming years, I show you a table with the average, minimum and maximum forecasts made from a source from 2024 to 2030. Keep in mind that these are only estimates based on technical analysis and do not guarantee the actual result
.
Tabla
| Anno | Minimum price | Average price | Maximum price |
|---|---|---|---|
| 2024 | $0.6288 | $0.6462 | $0.7369 |
| 2025 | $0.7900 | $0.8170 | $0.9360 |
| 2026 | $0.9512 | $0.9878 | $1.1351 |
| 2027 | $1.1124 | $1.1586 | $1.3342 |
| 2028 | $1.2736 | $1.3294 | $1,5333 |
| 2029 | $1.4348 | $1,5002 | $1.7324 |
| 2030 | $1.5960 | $1.6710 | $1.9315 |
