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Axelar AXL Price

$0.470

-0.73%

$0.458

24h Range

$0.485

Market Cap

$430,922,745.7

Fully Diluted Valuation

$559,571,675.7

24 Hour Trading Vol

$7,982,507.1

Circulating Supply

916,967,946.1

Total Supply

1,190,722,223.9

Max Supply

Info

AXL Price Statistics

Axelar Price

$0.470

24h Range

$0.458 - $0.485

Percent Change 1h

-0.07%

Percent Change 24h

-0.73%

Percent Change 7d

7.6%

All-time high

$2.64

All-time low

$0.313

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About Axelar

What is Axelar (AXL)?

Axelar (AXL) is a decentralized, permissionless network that provides secure cross-chain communication, allowing different blockchain ecosystems to interact with one another. Launched in 2021, Axelar aims to enable developers to build applications that can leverage assets and data from multiple chains without the need for complex integrations or intermediaries. The Axelar network is powered by its native token, AXL, which is utilized for transaction fees, governance, and staking within the ecosystem.

Who are the Founders of Axelar?

Axelar was co-founded by a team of blockchain experts, including Sergey Gorbunov and Georgios Konstantopoulos. Sergey Gorbunov has a strong academic background in cryptography and distributed systems, having previously worked on protocols for secure multi-party computation. Georgios Konstantopoulos has extensive experience in blockchain technology and previously worked at major organizations such as Algorand. Together, their expertise helps drive Axelar's mission to facilitate seamless cross-chain communication.

How does Axelar Work?

Axelar utilizes a decentralized network of validators who are responsible for verifying transactions across different blockchains. The core of its technology is based on a secure communication protocol that enables the transfer of data and assets across chains. Here’s a simplified breakdown of how it works:

  • Cross-Chain Gateway: Axelar provides a gateway that connects various blockchains, allowing them to communicate and transact with one another.
  • Validator Nodes: A network of validator nodes ensures the integrity of transactions. These nodes are incentivized to act honestly through staking mechanisms, which enhance security.
  • Interoperability Protocol: Axelar’s interoperability protocol translates and routes messages between different blockchain ecosystems, enabling seamless interactions.
  • Security Model: The protocol relies on cryptographic proofs and decentralized consensus to ensure secure cross-chain transactions.

Top Use Cases of Axelar

  • Decentralized Finance (DeFi): Axelar facilitates cross-chain trading and lending, allowing users to leverage liquidity from multiple blockchains.
  • Non-Fungible Tokens (NFTs): Artists and creators can mint and transfer NFTs across various platforms, increasing their marketability and reach.
  • Cross-Chain DApps: Developers can build decentralized applications that operate across multiple blockchain networks, enhancing user access and functionality.
  • Token Swaps: Users can swap tokens across different blockchains without relying on centralized exchanges, promoting a decentralized trading environment.
  • Data Sharing: Axelar allows for secure sharing of data between decentralized applications, enabling better insights and functionalities.

How to Keep your Axelar Safe?

Keeping your Axelar (AXL) tokens safe requires following best practices for cryptocurrency security:

  • Use Hardware Wallets: Store your AXL tokens in hardware wallets, which are considered one of the safest options for holding cryptocurrencies.
  • Enable Two-Factor Authentication (2FA): Always enable 2FA on exchanges and wallets that support it to add an extra layer of security.
  • Be Cautious with Phishing Attacks: Always verify URLs and be cautious with emails or messages asking for your private keys or personal information.
  • Regularly Update Software: Keep your wallet software and any other applications up to date to protect against vulnerabilities.
  • Backup Your Wallet: Ensure you have a secure backup of your wallet’s private keys or recovery phrase in a safe location.

How to Invest in Axelar (AXL)?

Investing in Axelar (AXL) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Axelar: Once your account is funded, you can purchase Axelar directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Axelar (AXL) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Axelar using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Axelar (AXL) in the Long Term?

Axelar (AXL) is currently trading at $0.470 and exhibits good potential for future growth. Check the latest Axelar (AXL) price prediction.

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