🚨 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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