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Cryptocurrency News Articles
How Much Could 1,000 Axelar (AXL) Tokens Be Worth This Bull Run?
Dec 24, 2024 at 11:30 pm
In a YouTube analysis, cryptocurrency analyst Lee the Captain shared his insights on Axelar’s (AXL) potential value during this bull run.
Cryptocurrency analyst Lee the Captain has shared his insights on the potential value of Axelar (AXL) during this bull run in a recent YouTube analysis.
The content creator, who boasts a channel with 39,000 subscribers, made a compelling case for AXL reaching $25 per token.
In a scenario proposed by Lee, 1,000 AXL tokens could be valued at $25,000 during this bull market cycle. While some viewers may find this prediction ambitious, the analyst justifies his position by highlighting Axelar’s strong fundamentals.
Drawing upon his experience in the crypto space, Lee compares Axelar to Polkadot, emphasizing their shared focus on blockchain interoperability.
The analyst highlights how Axelar serves as a comprehensive platform that connects multiple blockchain networks, much like Polkadot's approach to cross-chain communication.
Lee points to Axelar's impressive track record, noting its integration with over 60 blockchains and partnerships with major corporations. Among these collaborations, the analyst particularly emphasizes Onyx by JP Morgan, Microsoft, and Mastercard as strong indicators of the project's legitimacy and potential.
Market Analysis and Price ProjectionsIn his detailed analysis, Lee explains how Axelar's $25 price target would result in a market capitalization of approximately $22 billion. The analyst compares this to historical precedents, noting that meme coins like Shiba Inu and Dogecoin previously achieved market caps exceeding $40 billion.
Lee references Cardano founder Charles Hoskinson's Bitcoin prediction of $250,000-$500,000 in the next 1-2 years, suggesting that such a Bitcoin rally could help drive AXL to his target price. The analyst explains that strong Bitcoin performance usually leads to increased interest in alternative cryptocurrencies.
Rather than advocating for short-term trading, Lee emphasizes a long-term investment approach through dollar-cost averaging. The analyst suggests that October 2025 could mark a significant period for altcoin peaks, based on historical patterns following Bitcoin halvings.
Lee maintains his conviction in AXL's potential to reach $25 during the bull run, concluding his analysis by encouraging patience and maintaining a positive outlook on both Axelar and the broader cryptocurrency market.
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