Canary Capital plans to establish an ETF tracking
Axelar (AXL) and its cross-chain protocol, while also launching an
Axelar Trust aimed at institutional investors. Despite the anticipated launch, warning signals are attributable to on-chain metrics that suggest potential losses for AXL. Others predict a bullish outlook for Axelar's price in upcoming years. The cryptocoin earned recognition among the top 5 real-world assets (RWA) altcoins to trade and continues to steal the spotlight within this space.
There is increasing hype around Axelar with a nearly
13% jump in their coin's price after Canary Capital launched an Axelar trust. In anticipation of growth, the AXL price analysis suggests projection for positive price moves, and such gains have led to additional listings on prominent exchanges such as
MEXC Global and
Coinbase.
Axelar has made strategic partnerships with Ledger and Squid among others, in order to enhance secure and seamless interoperability across the cryptocurrency world. They have also partnered with
Microsoft Azure to develop Web3 services, further proving their innovative pursuits.
Axelar is preparing to launch its decentralized exchange, building interoperability for the crypto world and fostering potential for significant returns.
Having been selected by Deutsche Bank as a partner in Project Guardian Singapore, this support shows Axelar's potential for outstanding growth in the market. The price of Axelar's native cryptocurrency is also being closely monitored as it scales the ranks amongst top cross-chain communication coins. Despite these upsides, the sudden removal of certain crypto trading pairs on Binance has sparked concerns about a potential price dip.
AXL Coin News Analytics from Sat, 12 Nov 2011 08:00:00 GMT to Wed, 05 Mar 2025 22:16:00 GMT -
Rating 4
- Innovation 6
- Information 8
- Rumor -6
