Axelar Coin demonstrates its strong presence in the cryptocurrency market, leaving an impact with a significant
bearish trend against the background of ETF optimism. This trend analysis observes
Upbit listing triggering a bull run for
Axelar (AXL) tokens among others, which led to a price pump of 70% resulting in an added $200M in market cap.
Canary Capital prudently filed to launch an ETF tracking the cross-chain protocol Axelar, offering ingenuity to investors. Coupled with this, the
Cobalt upgrade by Axelar tokenizes interoperability, hence, scaling
Web3 exponentially. Canary Capital also launched an
Axelar Trust targeting institutional investors, a key breakthrough in the crypto space.
Babylon and Axelar showcase their pioneering strategies by introducing Bitcoin staking to over 70 chains, while Filecoin integrates with Axelar offering wide-spread opportunities for investors. Meanwhile, the co-founder of Axelar believes the RLUSD stablecoin will boost the demand for XRP. This cross-chain communication platform extended its reach by linking 68 blockchains in the Web3 ecosystem. Partnerships with Ripple are envisaged to bring interoperability to the XRP Ledger, while a partnership with Microsoft aims for hybrid blockchain solutions. Certainly, these strides have positioned Axelar as a cryptocurrency to watch. However, despite the promising prospects, market analysts identify potential recovery necessities following an AXL price drop. Consequently, the price predictions remain bullish with possibilities of reaching $5 soon.
Axelar Coin News Analytics from Wed, 02 Feb 2022 09:44:30 GMT to Sun, 22 Jun 2025 07:00:00 GMT -
Rating 3
- Information 6
- Rumor -1
