Axelar Coin (AXL) serves a key function in the Web3 ecosystem, being selected by TON to link 68 blockchains and developing Web3 services with Microsoft Azure. This utility is highly valued as it enables enhanced interoperability across the blockchain ecosystem. The value gained from this function is also reflected in ever-increasing interest in purchasing Axelar, with detailed guides on acquiring the AXL token now commonplace.
Axelar has recently stolen the spotlight in the RWA sector, potentially leading the tokenization boom along with XRPL. It has also seen its prices surge owing to a promising partnership with Ripple. The company’s new interoperability stack is now live, reportedly attracting 'crypto whales'.
Several reputable sources have published optimistic price predictions for Axelar, believing the coin could break $5 by 2025. This bullish sentiment is highlighted by Deutsche Bank selecting an Axelar developer as a partner in Project Guardian Singapor. Yields may also be heightened by deepening relationships with names such as 88x Finance.
Innovation is becoming synonymous with Axelar, with the company unveiling a virtual machine for developers to build cross-chain crypto apps. This move follows the successful AXL token fundraising ventures, with Axelar raising $25M in a series A round led by Polychain Capital. The promising outlook has prompted estimations of a $1B valuation.
Finally, Axelar looks to maintain this track of success by keeping one eye firmly on the future. It's aiming at over 65 blockchains including Bitcoin.
Axelar Coin News Analytics from Fri, 13 Nov 2020 08:00:00 GMT to Tue, 22 Oct 2024 13:25:02 GMT -
Rating 8
- Innovation 9
- Information 9
- Rumor -5
