🚨 **Emergency Update on AXL Coin** 🚨
**Current Status**:
- **Price**: $0.66
- **Market Cap**: $470.36M
- **24H Volume**: $56.42M
**Recent Developments**:
1. **Staking Surge**: AXL saw a significant increase in staking, with 26 million more tokens staked in the past 10 days, totaling 759 million tokens, which is 66% of its total supply.
2. **Interoperability Push**: Axelar is making strides in connecting various blockchain networks, including private and public ones, offering secure cross-chain communication for Web3 applications.
3. **Partnerships**: Axelar has partnered with major players like Deutsche Bank for Project Guardian and Immutable for enhancing Web3 gaming interoperability.
**Technical Analysis**:
- **Short-Term Trend**: AXL has shown a modest upward trend in the past 7 days, increasing by 6.45%.
- **Long-Term Potential**: Analysts predict a potential rise to $1.35 in the coming months.
**Conclusion**:
- **Recommendation**: Considering the strong staking activity and promising partnerships, **AXL is a buy for long positions**. However, always conduct your own research before investing.
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