Axelar (AXL) is generating significant cryptocurrency market buzz fueled by an explosive 80% price surge following its listing on cryptocurrency exchange Upbit. The increase in trading volume and the resultant bull run signals bullish sentiment for
Axelar. Adding more credibility, Canary Capital launched the
Canary AXL Trust, bringing institutional crypto investments to Axelar Network’s token, AXL.
Technical analysis reveals potential bearish trends, signaling possible losses for Axelar. Also, the increasing number of on-chain metrics evaluating AXL’s risk-reward ratio advises caution. Nevertheless, market optimism persists around AXL due to Canary capital filing for an ETF tracking Axelar.
The current focus seems to be on Axelar’s Cobalt upgrade, improving AXL tokenomics and providing secure Infinite Interop connections. Yet concerns loom over delayed decisions on multiple crypto ETFs by the SEC and impacting AXL’s chances and could possibly influence its price.
In response to advancements, the
AXL price jumped by 14% following Canary Capital filing for the Axelar ETF, and it’s predicted the AXL price could soar, moving closer to a $5 milestone by 2025.
Fulfilling Axelar’s vision, a decentralized exchange is set to roll out its token pre-sale on December 18. In strategically mapping its future, Axelar aims to resolve the communication issue between disjointed blockchain networks, a step towards achieving its Web3 interoperability goal and potentially marking AXL’s comeback as a top 100 altcoin.
AXL Coin News Analytics from Wed, 04 Sep 2019 15:11:11 GMT to Tue, 10 Jun 2025 12:11:29 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -3
