Canary Capital has launched the
Axelar Trust to provide institutional investors with exposure to the Axelar (AXL) token, thereby escalating the institutional crypto investment offerings. Despite this major advancement, there are concerns raised about the performance of AXL following an analysis of on-chain metrics. With this backdrop, various sources have initiated diverse evaluations of Axelar, providing the investors with information about its workings, price predictions, and potential investment legitimacy. The launch of
Canary AXL Trust is a significant milestone in the Axelar network, as it represents the maiden investment fund dedicated to it.
More significant strides have been noted with Axelar's partnering with ledger, Squid for secure crypto interoperability and the development of Web3 services alongside Microsoft Azure. This collaboration and other developments have
boosted Axelar's prospects in institutional crypto investment offerings.
Amid growing interest in real-world asset (RWA) tokens, Axelar has continued to shine while Sky RWA increases as well. Furthermore, AXL Coin experienced a 42% surge due to a transfer of $420k to Binance from DWF labs.
Coinbase recently added support for AXL token whilst it delisted a few other assets.
The short and long-term investment insights about Axelar have been mostly positive, forecasting a bullish outlook for upcoming years. Binance's listing of Axelar has raised numerous community eyebrows as some tokens crash and burn.
AXL Coin News Analytics from Sat, 28 Aug 2010 07:00:00 GMT to Fri, 21 Feb 2025 07:48:39 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 4
