Axelar (AXL) has been making significant movements in the cryptocurrency market. The coin's price today, its live USD rate, and general market cap trends are steady. Current price predictions for 2025, however, indicate a
bearish trend, despite rising optimism around ETFs. Both Babylon and Axelar are pushing forward the concept of Bitcoin staking across over
70 chains. The process of purchasing Axelar is simplified, needing only 4 steps, and is forecasted to further ease by April 2025.
Canary Capital has filed to launch an ETF that will track the cross-chain protocol. Meanwhile, Filecoin plans to incorporate with Axelar, causing a 14% surge in AXL's price. Babylon Genesis strives to unlock Bitcoin staking to support
Web3 growth. TON has chosen Axelar for linking 68 blockchains in its Web3 ecosystem. Despite a recent price drop, Axelar is expected to bounce back. The co-founder of Axelar asserts that the RLUSD stablecoin is likely to boost demand for XRP. Canary Capital aims to broaden its crypto investment offerings with the introduction of the Canary AXL Trust.
JPMorgan and Apollo are working with Axelar in a 'proof of concept' to tokenize funds. Ripple plans to use Axelar as a bridge protocol for its EVM sidechain, while XION seeks to utilize Axelar's services to enhance its cross-chain connectivity. During 2024, RWA altcoins will be heavily traded, with Axelar expected to be among the
top performers. The blockchain interoperability network Axelar has a valuation of $1B, having recently raised $35M. Microsoft is on board with Axelar for hybrid blockchain solutions, and the company’s planned interoperability bridge mainnet is set to launch in February. While some on-chain metrics point to potential losses for AXL, the long-term outlook appears bullish, especially as numerous partnerships and collaborations materialize.
Axelar Coin News Analytics from Tue, 11 Jan 2022 08:00:00 GMT to Mon, 28 Apr 2025 10:04:48 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor 5
