🚨 Update on $AXL Coin🚨

Current Status:

- Price: $0.66

- Market Cap: $470.36M

- 24H Volume: $56.42M

Recent Developments:

1. Staking Surge: AXL has seen a significant increase in staking, with 26 million more tokens staked in the past 10 days, totaling 759 million tokens (66% of its total supply).

2. Interoperability Push: Axelar is advancing in connecting blockchain networks, enhancing secure cross-chain communication for Web3 applications.

3. Partnerships: Axelar has partnered with major entities like Deutsche Bank for Project Guardian and Immutable to improve Web3 gaming interoperability.

Technical Analysis:

- Short-Term Trend: AXL has shown a modest 7-day increase of 6.45%.

- Long-Term Potential: Analysts project a potential rise to $1.35 in the coming months.

Conclusion:

- Recommendation: Given strong staking activity and promising partnerships, AXL is recommended for long positions. Always conduct thorough research before investing.

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