Axelar Coin (AXL) has been making notable waves in the cryptocurrency sector recently. Despite some bearish trends for AXL price forecasts into 2025, the coin has seen impressive surges, including a 70% pump that resulted in a $200M increase to its market cap. Exchange listings such as Upbit’s addition of AXL to its KRW and USDT markets have played a significant role in accelerating these bullish runs.
Axelar is gaining visibility as a significant player in the cross-chain interoperability space, substantiated by Babylon Genesis incorporating Axelar to connect BABY to the global Web3 and enable Bitcoin staking across over 70 chains. Furthermore, Filecoin intends to integrate with Axelar, which reinforces Axelar's reputation within the Web3 ecosystem.
Canary Capital’s filing to launch an ETF tracking Axelar has also generated considerable interest. This move, in addition to institutional backing, may expedite AXL’s recovery after an 85% crash. The potential introduction of RLUSD stablecoin could increase demand for XRP, a possibility predicted by an Axelar co-founder.
Notably, leading financial institutions like JPMorgan and Apollo have demonstrated their interest in Axelar through a 'proof of concept', which further validates Axelar's credibility in the market. Despite these developments, investors should still exercise caution given the volatile nature of the cryptocurrency market.
Axelar Coin News Analytics from Wed, 02 Feb 2022 09:44:30 GMT to Thu, 10 Jul 2025 07:00:00 GMT -
Rating 5
- Innovation 7
- Information 6
- Rumor 3
