Axelar, a
web3 interoperability platform, has been gaining attention in recent weeks, achieving a substantial rise in token price and market capitalization. Optimistic outlooks boosted by
Upbit listing sparked bull run for Axelar (AXL) tokens. Its current
market cap is boosted by +70% pump, adding $200M.
Canary Capital has even filed to launch an ETF tracking Axelar, indicating strong institutional interest.
AXL has a strategic technology that solves crypto's biggest problem: interoperability. Its technology bridges 124,000 tokens to XRP, multi-chain access through Axelar's interoperability boost. It's noteworthy that
XRP bridged to the Axelar network which significantly increased interoperability. Moreover, notable partnerships have been forged, including an association with
Microsoft for hybrid blockchain solutions. Deutsche Bank selected Axelar developer as a partner in joining Project Guardian Singapore. Axelar also links 68 blockchains in the Web3 ecosystem. Furthermore, Axelar has gone through a network upgrade introducing a new transfer gas fee mechanism believed to reduce AXL token supply. Nonetheless, after a significant crash, it has begun to show signs of recovery with institutional backing. The
future price predictions for the AXL token range from optimistic to bearish, however, most note that the continual development of the platform and strategic partnerships could lead to further growth.
Axelar Coin News Analytics from Tue, 21 May 2019 18:53:50 GMT to Sat, 09 Aug 2025 07:00:00 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor 6
