Canary Capital has launched an
Axelar Trust targeted at institutional investors, which may be one of the factors contributing to the recent rise in the value of
Axelar Coin (AXL). At the forefront of this surge is Axelar’s
Mobius Stack, a revolutionary model for blockchain interoperability. The project, led by co-founder Georgios Vlachos, had a significant impact on the crypto market with significant gains surpassing even established players such as Cardano (ADA). The launch of the
RLUSD stablecoin has been predicted to boost demand for XRP. Meanwhile, Deutsche Bank has selected an Axelar developer to assist with joining
Project Guardian in Singapore. Axelar has also been chosen to link 68 blockchains in an ambitious
Web3 ecosystem development with
TON. Partnership announcements have also recently come with
Ripple for an Ethereum VM sidechain launch, and
Microsoft for developing hybrid blockchain solutions. Axelar's cross-chain protocol continues to expand, backed by a new interoperability stack and a partnership with Microsoft Azure for Web3 Services. Its recent funding round resulted in a monumental $35M raise, valuing the coin at $1B. The company is not resting on its laurels; it has announced a $60M start-up ecosystem program. A bullish price trajectory is predicted, with speculation of hitting $5 in the future, as Axelar further solidifies its position as a significant player in the crypto world.
Axelar Coin News Analytics from Fri, 06 Aug 2021 07:00:00 GMT to Thu, 20 Feb 2025 19:21:03 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 6
