Axelar has taken blockchain interoperability to a whole new level. A Web3 interoperability platform, Axelar equips developers with seamless cross-chain communication via its protocol suits, tools, and APIs. Individuals and teams can use and build everywhere, leveraging Axelar’s open stack, which aims to connect all blockchains.
The Axelar token (AXL) is also an exciting digital currency. With an impressive 120.80% gain in the past year, AXL ranks among the best new cryptos to buy. In this guide, we’ll analyze AXL price history before providing short, medium and long-term Axelar price predictions. We’ll also discuss what Axelar is used for and the factors that influence AXL price.
Axelar Price Prediction Summary
- End of 2024: The overall market sentiment remains bullish, suggesting that the crypto market will still bloom in 2024. As a new digital asset that has never enjoyed a full bull season, AXL could still gain meaningfully before year-end. We estimate that AXL’s maximum value in 2024 could be in the region of $2.83 per token.
- End of 2025: Considering what the Axelar Network offers and the fact that AXL is a relatively new coin, the Axelar token could rank among the next cryptos to explode. Of course, the current bull market is forecasted to peak in 2025. Depending on market trends, Axelar (AXL) could reach a maximum valuation of $5.47 before the end of 2025.
- End of 2027: Axelar describes itself as the Web3 interoperability platform. Supporting smart contracts at the cross-chain layer, Axelar gives developers superpowers to scale with ease. It will attract many developers and users by 2027, and the price of AXL could reach a high price target of $13.50 before the year ends.
- End of 2030: Based on our technical and fundamental analysis of Axelar, AXL is still an undervalued asset. The Axelar Network is applicable in many fields, including DeFi, RWA, NFTs and more. As the ecosystem expands and AXL gets new users, its maximum price in 2030 could be as high as $42.62 per token.
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.
Axelar (AXL) Price History
The Axelar project originally started in 2020 when Georgios Vlachos and Sergey Gorbunov announced it. While both men were members of the founding team at Algorand, they started Axelar as a brand new challenge. In its early days, Axelar raised capital from several top-level investors, including Coinbase Ventures, Binance, Polychain Capital, Dragonfly Capita, Crypto.com Capital, Morningstar Ventures, and more.
Axelar token (AXL) first became available to the public through an ICO held between 9th and 16th March 2022. According to Icodrops’ data, the initial price of AXL during the ICO (initial coin offering) was $1 per token. Cryptoranks.io also reports that AXL held an (IEO) initial exchange offering at Gate.io between 26TH and 27th September 2022, and the initial price of the token was also $1 per token.
When AXL debuted on major cryptocurrency exchanges on September 27, 2022, its initial price was in the region of $0.8516. It fluctuated for weeks before reaching the $1 mark on October 13. Afterwards, it dropped steadily, touching $0.45 on December 14. As the crypto winter persisted, AXL ended 2022 within the $0.52 region.
Axelar token (AXL) started in 2023 almost the same way it ended in 2022. It rose slowly in January, reaching a peak of $0.789 on February 7. Afterwards, AXL price dropped steadily, reaching $0.336 on July 9, 2023. The token eventually reached its all-time low price of $0.3129 on October 26, 2023, per Coingecko data.
AXL Recent Price Rally and ATH
After reaching its lowest-ever price point in October 2023, Axelar token started improving almost immediately. As the wider crypto market improved towards the end of the year, AXL price gained meaningfully in November. By December 17, it touched the $1 mark once again.
AXL ended 2023 at around $1.20 per token and started 2024 on a good note. It only dropped below the $1 mark between January 18 and February 7. By February 11, Axelar had started its most significant price rally, reaching as high as $1.45 on February 26.
According to Coinmarketcap data, Axelar recorded its current all-time high value of $2.66 per token on March 1, 2024. Of course, the token dropped meaningfully after reaching this record price and by April 30, its price was $1.11 per token. It has continued to fluctuate, dropping below the $1 mark a few times in the past weeks as May draws to a close.
Key Points in Axelar (AXL) price history
- Axelar was originally founded in 2022 by Georgios Vlachos and Sergey Gorbunov, who were part of the founding members of Algorand
- In its earliest days, Axelar raised capital from notable investors in the blockchain space, including Coinbase Venture, Binance, Crypto.com Ventures, Dragonfly Capital, Polychain Capital and others
- During its ICO and IEO rounds, Axelar was exchanged for $1 per token, per Icodrops and Cryptoranks’ data
- As AXL launched and became available on major cryptocurrency exchanges, its initial price, according to coinmarketcap, was in the region of $0.8516 per token
- After initial price gains in its earliest days, AXL traded below the $1 mark for most parts of 2022 and 2023
- Axelar (AXL) reached its all-time low price of $0.3129 on October 26, 2023
- As the crypto market improved towards the end of 2023, AXL gained in the last couple of months, reaching the $1 mark in mid-December
- Following an impressive start in 2024, AXL reached its all-time high (ATH) price of $2.66 per token on March 1, 2024
Axelar Price Prediction 2024
Like the majority of digital assets, Axelar responds to the condition of the wider crypto market. The AXL price chart clearly shows this. Therefore, its price prognosis for the rest of 2024 still relies heavily on how the wider market will perform as we prepare to enter the second half of the year.
One of the first important things to consider while making an Axelar price prediction for 2024 is the fact that the token is a relatively new coin. AXL only became available to the public in the last quarter of 2022 (Q4, 2022). This means it has been in the market for less than 2 years.
As a new cryptocurrency, AXL has strong growth potential. It was launched after the last major bull market, meaning that the current bull season is the first major bullish market it is experiencing. There is a good chance, therefore, that it may outperform other altcoins.
Though AXL price has dropped meaningfully since reaching its ATH in March, we estimate that it will regain significantly before the end of the year. The wilder crypto market has experienced a marginal decline following Bitcoin halving. Most analysts forecast that the market will improve steadily in the months ahead and probably rally significantly as 2024 draws to a close.
As per our actual Axelar price prediction for 2024, we estimate that the coin could reach a new high of $2.83 before the year runs out. Of course, this will depend on the condition of the wider market.
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.
Axelar Price Prediction 2025
In 2025, the prevailing condition of the altcoin market will still play an important role in how AXL performs. Based on recent developments, there are concrete reasons to believe that the market will remain bullish for most of 2025.
Bitcoin’s performance in 2024 has been spectacular, to say the least. While we can attribute the substantial growth to several factors, the approval of Bitcoin ETFs by the SEC remains the biggest growth catalyst in recent times. It has brought new classes of investors to Bitcoin and the wider crypto market.
The altcoin market is also expected to bloom in the months and years ahead for several important reasons. As most analysts have identified, the biggest growth catalyst for the market is the recent approval of Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC). This is considered another major positive gesture towards the crypto market.
Like other altcoins, Axelar’s growth in 2025 could be monumental. The evolving crypto regulatory landscapes suggest that digital currencies are going mainstream. Cryptos are now widely recognized and accepted as investment instruments, and we expect many new people who have never bought crypto before and those who have only dabbled in BTC to enter the altcoin market.
Depending on how events unfold in the months ahead, our Axelar price forecast for 2025 estimates that the new coin could reach a maximum price of $5.47 before year-end.
AXL Price Forecast 2027
To understand how far Axelar and its token “AXL” could go in 2027, we need to consider what the network offers and what the token can be used for. For a start, Axelar is the blockchain network that facilitates Web3 interoperability in the most practical manner.
Axelar is powering Web3 projects that can operate seamlessly across different blockchains and networks. Its Interchain Token System (ITS) enables a new class of digital tokens that can move across any EVM-compatible blockchain in Axelar’s Orbit. Currently, the network supports 15 chains and more are on the way.
By 2027, Axelar’s role in the cryptocurrency universe will become more pronounced and useful. At that point, we estimate that it will become one of the most popular networks. The native currency, AXL, could also become one of the best DeFi tokens at that time.
At this juncture, it is important to mention that Axelar’s influence is not limited to the DeFi scene. It offers what it defines as programmable interoperability which could be useful for developers and users across several blockchains. Therefore, it could attract millions of new and old crypto enthusiasts in the future.
As a highly secure, scalable and programmable blockchain network, Axelar will be widely adopted within and beyond the blockchain space in the near future. This makes a strong case for a bullish Axelar price forecast. Based on our estimations, AXL could reach a maximum value of $13.50 before the end of 2027.
Axelar Price Prediction 2030
If you are a long-term crypto investor with an eye for new assets, Axelar could be one of the best undervalued crypto assets today. Looking at the current price and what it could be in the far future, there are good reasons to believe that the asset could yield a huge profit in the future.
As we’ve already mentioned in this Axelar price prediction guide, the network could become popular within and beyond the blockchain industry because of its standout features. One of its biggest attractions is that it supports smart contracts at the cross-chain layer. This gives developers an uncommon advantage and power to scale their decentralized applications with ease.
Already, Axelar has been widely adopted in DeFi. Thanks to its unique features, users can send a token cross-chain to Uniswap with instructions to execute a trade. It has also been deployed in RWA (Real-World Assets), whereby an RWA can be minted as an NFT on a connected chain. Axelar has also been deployed in gaming.
Before 2030, we estimate that Axelar use cases will expand considerably. It is increasingly looking like a project that will go viral. At such a point, AXL could rank among the top trending cryptos to buy. We also estimate that Axelar price, at that time, will be significantly higher than the current value.
Based on the factors above, our AXL price forecast for the year 2030 is a maximum price in the region of $42.62 per token.
Axelar Price Prediction 2040
2040 could be another strategic year for crypto enthusiasts who can buy AXL and HODLe till then. While the Axelar token may not be mentioned among the top altcoins on the market right now, it has the potential to gain meaningfully before 2040.
It is becoming clearer by the day that crypto will go mainstream real soon. Projects like Axelar can help push this narrative until it becomes a reality. Its Interchain Token Service (ITS) will enable several entities to adopt no-code Interchain Tokens, and these will serve users within and beyond the blockchain space.
Axelar Network will also facilitate seamless crypto adoption for different industries in the years to come. Already, it helps developers to build in one place and launch in multiple places, simplifying the processes of marketing and onboarding new crypto users. It is becoming a lot more attractive to different classes of users, including developers, node operators, and even those interested in bug bounties alone.
As the Axelar Network expands and attracts new users, AXL utility will improve in different ways. This will play a part in keeping demand high and curtailing inflation. As the ecosystem becomes larger, the AXL community will also play a leading role in upholding the value of the token.
Depending on several known and yet-to-be-known variables, AXL price could rise significantly by 2040. Our Axelar price forecast for 2040 estimates the maximum price to be in the region of $60.00 per token.
Potential Highs and Lows of Axelar Price
The volatile nature of cryptocurrencies makes it impossible to predict their future prices with certainty. What we’ve done so far is to estimate the potential maximum prices AXL could reach in the future. In the table below, we’ll summarize its potential high and low prices for the years under consideration:
| Year | Potential High | Potential Low |
| 2024 | $2.83 | $0.798 |
| 2025 | $5.47 | $3.69 |
| 2027 | $13.50 | $8.96 |
| 2030 | $42.62 | $31.73 |
| 2040 | $60.00 | $46.79 |
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.
Expert Opinions – What Other Analysts Predict for AXELAR Price
We understand the importance of comparing different expert opinions before making an investment decision. To help readers understand the potential AXL prices for the years we’ve covered, we’ll sample the opinions of other analysts providing Axelar price prediction(s) for other crypto media outlets:
“The forecasted Axelar price at the end of 2024 is $2.86 – and the year-to-year change +293%.”
coinpriceforecast.com
“The lowest Axelar price will be between $2.22 to $2.70, and the most likely Axelar price will be steady at around $2.56 by the end of 2025.”
digitalcoinprice.com
“It is assumed that in 2027, the minimum AXL price might drop to $4.49, while its maximum can reach $5.47. On average, the trading cost will be around $4.62.
Changelly.com
“According to the forecast for 2030, the value of AXL token may vary between $41.45 and $57.00. The average price of the token for the year could be $33.16.”
coincu.com
“2040 might also bring in a surge in crypto adoption. Because of this, AXL’s price might rally as high as $42.50.”
coinedition.com
What is Axelar and What is it Used For?
According to Axelar’s official website, Axelar is the Web3 interoperability platform. We can also describe Axelar as a next-gen blockchain network that equips developers with cross-chain communication and enables them to build and launch cross-chain projects with ease.
At the core of Axelar’s blockchain is the Interchain Token Service, which enables developers and users to interact with tokens that can seamlessly move across any EVM-compatible blockchain in Axelar Orbit. There are currently 15 chains and counting. With its goal of connecting all blockchains, Axelar aims to enable developers to build and launch everywhere within a single, easy-to-use environment.
Axelar is primarily used by developers to create highly functional and interoperable decentralized applications (DApps). In addition to a highly secure decentralized network, Axelar also features a software development kit (SDK) of protocols and APIs, as well as gateway smart contracts for cross-chain connectivity.
With Axelar, developers can build cross-chain without learning a new programming language. Therefore, they can build in any environment that suits them. What is best? They can launch on different blockchains, enabling their users to access what they want from the decentralized web.
The Axelar Token 
The Axelar token is the native currency that powers the Axelar Network. It is a utility token, as well as a governance token. Though Axelar users don’t necessarily need to hold the token, it is useful within and beyond the network for various purposes.
Primarily, the Axelar token is used for payment of network transaction fees to validators and tokenholders. That means developers and other network users can use it to settle all kinds of transactions.
As the governance token of the network, AXL enables stakers to exercise governance rights on the network. This implies that stakers can vote on important proposals, such as protocol upgrades and parameter changes.
The Axelar token is also an investment instrument. It is a full-fledged digital currency that trades under the ticker symbol ‘AXL’. It can be bought and sold across different crypto exchanges and brokerages, including eToro. This Axelar price prediction guide is predicated on the fact that AXL is a volatile investment instrument with the capacity to yield profits.
What Influences the Price of Axelar Tokens (AXL)?
Digital currencies are influenced by a wide range of factors. As we’ve already hinted in the previous sections of this Axelar price prediction guide, cryptos are generally volatile, and different factors can influence their price movements. Below, we’ll briefly discuss the major factors that can influence AXL price:
Demand and Supply
In basic economics, demand and supply and the principal determinants of price. This also applies in the cryptocurrency market where the prices of most assets are determined by the dynamics of demand and supply. If AXL demand outpaces future supply, the token will most likely gain. However, in the event supply supersedes demand, a price decline will be almost inevitable.
Market Sentiment
Market sentiment is another major factor that can influence the value of any digital currency. It describes how investors and market participants feel about the future of an asset, an asset class, or even an entire market. If current and potential investors have negative sentiments about AXL, for example, its price could be affected negatively. On the other hand, a positive market sentiment regarding Axelar could result in a significant price rally.
Wider Crypto Market Condition
The wider crypto market perennially undergoes bullish and bearish seasons. During a bearish season, the prices of most assets will drop. On the other hand, a bullish season is characterized by significant price rallies. AXL, like other digital assets, will always respond to the condition of the wider crypto market at all times.
Ecosystem Developments and Announcements
An important network upgrade or similar positive development could raise excitement within the Axelar ecosystem and result in price gains. An important announcement, in the form of a strategic partnership, for instance, can also bring about a positive vibe that will result in price gains. Network participants respond to ecosystem developments and announcements in different ways. However, the overall sentiment always results in either positive or negative price movement.
Others
Other factors that can influence AXL price include whale activities, legal and regulatory issues, as well as the support of the Axelar community. Hype and social media activities can also affect the price of a digital asset.
Is Axelar a Buy?
Depending on your risk appetite, Axelar (AXL) could be a decent asset to add to your crypto portfolio. It may not rank among the best cryptos to buy now, but it is a good asset for the future.
We’ve established that Axelar is a new and exciting blockchain network that aims to become the face of Web3 interoperability. It has the potential to attract thousands of developers and millions of users in the future. We consider it one of the new cryptos with strong growth potential.
Our Axelar price prediction(s) also suggest that AXL will gain in the future. It is expected to bloom in 2024 and 2025 as the wider crypto market flourishes. Beyond 2025, its growth will depend on the interplay between market factors and the development of the Axelar ecosystem. In the long run, it is expected to gain and become more profitable.
Axelar Price Prediction – Conclusion
This Axelar price prediction guide has covered most things any crypto enthusiast should know before dabbling into Axelar investing. We started with AXL price history before providing a comprehensive Axelar price forecast for 2024 – 2040. We’ve also discussed what Axelar is used for and the factors that can affect its price.
At this juncture, it is important to stress that cryptocurrencies, including Axelar, are highly volatile. Their price volatilities can be used for profit purposes, hence the need to work with a realistic price forecast. You should also understand the importance of buying digital assets from trusted platforms such as eToro. As a top brokerage and the #1 social trading platform, eToro offers many perks and charges low fees.
Cryptoassets are a highly volatile unregulated investment product. No EU investor protection.
Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
References:
- https://icodrops.com/axelar/
- https://cryptorank.io/ico/axelar
- https://www.coingecko.com/en/coins/axelar
- https://coinmarketcap.com/currencies/axelar/
- https://crypto2community.com/crypto-news/us-sec-approves-8-spot-ethereum-etfs/
- https://navigate.visa.com/na/money-movement/crypto-currency-the-real-opportunity/
- https://www.analyticsinsight.net/cryptocurrency-analytics-insight/understanding-the-adoption-of-cryptocurrency-in-different-industries-in-2024
- https://www.axelar.network/blog/native-evm-cross-chain-asset-transfers
- https://www.forbes.com/advisor/investing/cryptocurrency/digital-currency/
FAQs
What was AXL’s highest price ever?
According to data from Coinmarketcap, Axelar’s highest price ever is $2.66 per token. This all-time high price was recorded on March 1, 2024
Will AXL price go up?
Yes, AXL price is forecasted to go up from its current value. While the coin has reached a new high in 2024, we estimate that it will rise from its current value in the months ahead
Will Axelar bloom in 2024?
Yes, Axelar token (AXL) is expected to bloom in 2024. As many analysts predicted, 2024 has been a bullish year and most coins will continue to gain for the foreseeable future
What will Axelar be worth in 2025?
With the recent developments in the altcoin market, most tokens will gain in 2025. Based on our Axelar price forecast for 2025, AXL could be worth as much as $5.47 before the end of 2025
What is Axelar price forecast for 2027?
Depending on market factors and how Axelar develops in the next few years, it could gain meaningfully to reach a maximum price of $13.50 per token before the end of 2027
How much will AXL be worth in 2030?
Thanks to its robust infrastructure and advanced features, AXL could become a highly valued token by 2030. Our long-term AXL price forecast estimates that the coin could reach as high as $42.62 in 2030.
What is Axelar price forecast for 2040?
Depending on how the wider crypto market and the blockchain industry expand before 2040, altcoins like AXL could reach new highs. We estimate that the Axelar token price could reach $60.00 before the end of 2040.
Will AXL reach $10 soon?
Though the current crypto bull market is expected to intensify in the months ahead, we don’t expect AXL to hit the $10 mark anytime soon. It may take more than a couple of years for this to happen.
Should I buy Axelar now?
Currently, Axelar token is still considered an undervalued asset. It is expected to gain value rapidly in the future. Therefore, this could be an excellent time to buy
Is Axelar a good investment?
Depending on your risk appetite, Axelar could be a good investment. Our short, medium and long-term AXL price forecast(s) suggest that it will be profitable in the future. Therefore, it can be described as a good investment