Upbit recently listed
Axelar (AXL), triggering a bullish trend for AXL and Balance (EPT) tokens. Subsequently, AXL broke its multi-month downtrend with an 80% gain, thus garnering investor interest.
Canary Capital filed for an ETF tracking cross-chain protocol
Axelar, and upon the announcement, AXL witnessed a sizeable price surge. Despite this positive sentiment, AXL price estimates for 2025 remain bearish as analyst suspect the ETF optimism might outweigh potential downsides.
Axelar also released a 'Cobalt' Upgrade which improves their tokenomics and enhances scalability. Meanwhile, Canary Capital's Axelar Trust targets institutional investors, offering safe exposure to AXL. A report claimed Axelar added $200M to its market cap following a 70% price pump, while others expect further significant moves. Additionally, the firm's unconventional altcoin ETFs, according to Canary's CEO, are leveraging emerging, overlooked tokens.
Several ETF applications are reportedly backlogged at the SEC, including for AXL and its spinoff token, AXL INU - set for a presale soon. Notably, AXL is also launching a decentralized exchange with a token presale planned for December 18. An AXL-Ripple partnership is reportedly working to boost the XRP ledger while also stoking interest in the Axelar ETF.
Despite the mixed outlook, some analysts predict a bullish period for AXL in the coming years. Therefore, it's recommended to pay close attention to these market indicators and trends.
AXL Coin News Analytics from Sat, 12 Nov 2011 08:00:00 GMT to Fri, 20 Jun 2025 08:52:11 GMT -
Rating 7
- Innovation 5
- Information 6
- Rumor 2
