{"id":77860,"date":"2024-05-02T08:07:21","date_gmt":"2024-05-02T12:07:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=77860"},"modified":"2024-05-02T08:07:24","modified_gmt":"2024-05-02T12:07:24","slug":"axelar-axl-price-surges-achieves-new-record","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/axelar-axl-price-surges-achieves-new-record\/","title":{"rendered":"Axelar (AXL) Price Surges, Achieves New Record"},"content":{"rendered":"\n

Axelar's native cryptocurrency AXL experiences a robust 14% surge within 24 hours, reaching $1.21 with a market cap of $781 million, accompanied by a 76% increase in daily trading volume<\/a>.<\/p>\n\n\n\n

\"Axelar
Axelar (AXL) Price Surges, Achieves New Record<\/figcaption><\/figure>\n\n\n\n

AXL, the native cryptocurrency of the Web3-unifying multichain platform<\/a> Axelar network, has experienced a 14% increase over the past twenty-four hours.<\/p>\n\n\n\n

The Axelar (AXL) price is 12.75 percent higher at $1.21, with a market capitalization of $781 million as of press time. AXL's daily trading volume has increased by 76% over the past twenty-four hours, reaching $38.5 million.\u00a0<\/p>\n\n\n\n

The recent twenty-four-hour increase in the price of AXL brings the alternative coin closer to its formidable resistance level of $1.26. By achieving a decisive breach above $1.26, the AXL price has the potential to pave the way for a fresh ascent to its all-time highs and beyond.<\/p>\n\n\n\n

In addition, traders should anticipate a bullish trend in AXL after a confirmed breakout from the bearish pennant pattern identified on the 12-hour timeframe, as indicated by the Axelar technical chart.<\/p>\n\n\n\n

\n

\ud83d\udcc8 LONG: #AXLUSDT\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> | $AXL<\/use><\/svg><\/span><\/a> | 12h

Traders should anticipate a bullish trend for AXL following a confirmed bearish pennant breakout in the 12-hour timeframe.

\ud83d\udd17 See more: https:\/\/t.co\/wfDqnUIcnt<\/use><\/svg><\/span><\/a> pic.twitter.com\/7IbaoPvyWg<\/use><\/svg><\/span><\/a><\/p>— Crypto | #1 Free Signals (@best_analysts) May 2, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

The AXL price surged to $2.36 in February due to the substantial staking activity associated with AXL tokens. The monthly number of AXL stakes has increased by over 10,000 since January 2024, when it more than doubled from 5,000. <\/p>\n\n\n\n

Currently, 32,100 unique users are staking their AXL tokens in total. There have been 1,800 new users in total, with an average of 56 new stakes per day, over the past 30 days.<\/p>\n\n\n\n

An additional 26 million $AXL tokens have been staked in the past ten days, bringing AXL tokens to 759 million, or 66% of the total supply.<\/p>\n\n\n\n

\n

With an additional staked 26 million $AXL<\/use><\/svg><\/span><\/a> in the last 10 days, the collective staked amount of AXL has surged to 759 million, constituting 66% of the total supply.

From its launch onwards, the @axelarnetwork<\/use><\/svg><\/span><\/a> has attracted nearly 32.1k unique stakers.

Let's Dive in \ud83d\udc47 pic.twitter.com\/kL5ZiHx3BS<\/use><\/svg><\/span><\/a><\/p>— Hess (@0xhess) April 27, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

Conversely, asset tokenization<\/use><\/svg><\/span><\/a> is experiencing robust demand, with significant actors like BlackRock investing in this area. Axelar Network intends to link all tokenization protocols with any public or private blockchain via an interoperability framework.<\/p>\n\n\n\n

The promised attributes of their infrastructure\u2014programmability, scalability, end-to-end transparency, and security\u2014constrain connectivity across various blockchain networks.<\/p>\n","protected":false},"excerpt":{"rendered":"

Axelar’s native cryptocurrency AXL experiences a robust 14% surge within 24 hours, reaching $1.21 with a market cap of $781 million, accompanied by a 76% increase in daily trading volume. AXL, the native cryptocurrency of the Web3-unifying multichain platform Axelar network, has experienced a 14% increase over the past twenty-four hours. The Axelar (AXL) price […]<\/p>\n","protected":false},"author":36,"featured_media":77863,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19398],"class_list":["post-77860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-axelar-axl"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/05\/ba7471c4e4159bf7b180a0578293243e.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/77860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=77860"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/77860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/77863"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=77860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=77860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=77860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}