Axelar has emerged in the spotlight in the crypto world. Being an interoperability network, it has seen massive traction recently, notable boosting its native token AXL's value. Recent market activity shows a surge of up to 80% and 90% in the AXL price, primarily energized by its listing on Upbit. Furthermore, the addition of
Axelar (AXL) to KRW and USDT Market Digital Assets has substantially fortified its market cap.
Axelar's competitive edge lies in its ability to bridge cross-chain communication among 70+ chains, a feat underscored by significant partnerships with Babylon Genesis, Ripple and Filecoin. These collaborations enable Bitcoin staking on a global scale, thereby escalating demand for AXL. Its integration of the XRPL, an ecosystem pioneered by Ripple, stands to further elevate its standing in the market.
Axelar has also ventured into the regulatory space with Canary Capital filing a bid to launch an ETF, tracking Axelar. Canary Capital later launched the Axelar Trust, targeting the institution-grade investor base.
Axelar is not just surviving the volatile crypto space but thriving, with its price predicted to break $5 by 2025. Its innovative approach of creating its own nodes to stimulate a lucrative web3 user experience has seen widespread adoption, resulting in a $1B valuation. It continues to position itself as a robust contender in the cryptosphere with potential for long term growth.
Axelar Coin News Analytics from Wed, 02 Feb 2022 09:44:30 GMT to Fri, 13 Jun 2025 07:00:00 GMT -
Rating 8
- Innovation 9
- Information 7
- Rumor -2
