Axelar (AXL) has recently experienced an
80% increase breaking its multi-month downtrend, majorly due to its listing on the popular South Korean exchange,
Upbit. Upbit addition has sparked a bull run not only for Axelar, but also for Balance (EPT). Canary Capital has filed an application to launch an ETF tracking the cross-chain protocol Axelar, which one could interpret as another possible bullish factor, pending approval. Axelar’s '
Cobalt Upgrade' is another considerable factor, as it aims to harden AXL tokenomics for secure infinite interop connections. It became the center of conversation after the
Canary AXL Trust was opened, aiming for a safe exposure of the Axelar token for institutional investors. However, doubts exist over whether this rally could sustain or if it's a short-lived spike from the Upbit Listing. The crypto has caught the attention of short-term and long-term investors, with predictions suggesting a bullish outlook. Meanwhile, an AXL INU token presale is scheduled to occur soon. As mentioned, the Canary Capital ETF filing has resulted in a surge in AXL price, despite some concerns following removal of certain trading pairs by Binance leading to a price dip. Additional news includes a potential partnership between Axelar-Ripple, enhancing the XRP Ledger and supporting an Axelar ETF application, according to unofficial sources. Finally, there's speculation that Coinbase might list a new set of tokens soon. Regarding these factors, we also see
Axelar Foundation securing $30M in strategic AXL Token Sale.
Axl & Tuna review, although unrelated but share a similar name, is also trending within a similar scope.
AXL Coin News Analytics from Sat, 12 Nov 2011 08:00:00 GMT to Wed, 25 Jun 2025 07:00:00 GMT -
Rating 7
- Innovation 8
- Information 7
- Rumor 8
