Axelar (AXL) witnesses a bearish trend by 2025, yet recent events hold promise for a rebound. A listing on Upbit fuelled a bull run for the coin, enhancing its appeal in the investment community. Canary Capital's filing to launch an ETF tracking Axelar has brought significant attention to the project, turning its fortunes around after a multi-month downtrend. This move, coupled with an initial surge of 80% following the Upbit listing, sees a restoration of faith in the crypto's future. As a likely result of such endeavours, AXL's market capitalisation has ballooned by $200 million, with Axelar experiencing a massive +70% pump.
The project's progress is further underscored by the Cobalt upgrade that fortifies AXL's tokenomics and strives to secure infinite Interop connections. Enticing a wide range of investors, Axelar recovers from an 85% crash with significant institutional backing. The platform has also secured a considerable $15 CAD million as part of a bid to launch 50 AI companies in Canada. This development has spurred interest from many sectors, including the gaming community, with gamers flocking towards this new crypto.
Axelar's price remains resilient amidst plunges in the broader crypto market, and the platform's spotlight continues to shine as it functions as a powerful tool for cross-chain communication.
AXL Coin News Analytics from Sat, 12 Nov 2011 08:00:00 GMT to Wed, 23 Jul 2025 09:24:34 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor 3
