Token

Axelar

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/axelar-networks-axl-token-price-soars-after-binance-adds-it-to-exchange" rel="noopener noreferrer nofollow">Axelar Network’s AXL Token Price Soars After Binance Adds It to Exchange</a><br></p>
<p style="text-align: justify">After Binance, the leading cryptocurrency exchange by trading volume, announced the inclusion of Axelar Network’s AXL token on its trading platform, the asset experienced a remarkable 70% increase in price. This surge was soon followed by a moderate decline. AXL, the native token of the Web3 infrastructure platform Axelar Network, has attracted significant interest from traders and investors worldwide, prompting a notable rise in value and trading activity.</p>
<h2 id="market-response-to-axl-listing">Market Response to AXL Listing</h2>
<p style="text-align: justify">Market data indicates a bullish trend for AXL, which aligns with the token’s recent uptick in price. Binance has a track record of influencing significant price movements for newly listed tokens, often generating excitement within the cryptocurrency community. Binance’s announcement set the stage for AXL’s spot trading pairs with <a href="https://en.bitcoinhaber.net/bitcoins-surge-faces-doubts-as-google-searches-decline" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC), <a href="https://en.bitcoinhaber.net/tethers-dominance-and-crackdown-on-illicit-activities" rel="noopener noreferrer nofollow">Tether</a> (<a href="https://en.bitcoinhaber.net/exploring-tethers-growth-and-regulatory-challenges-as-highlighted-by-jpmorgan" rel="noopener noreferrer nofollow">USDT</a>), FDUSD, and Turkish Lira (TRY) to commence on March 1st.</p>
<h2 id="speculation-and-profit-making">Speculation and Profit-Making</h2>
<p style="text-align: justify">The potential for a substantial price change following the listing has led to speculation among participants, drawing comparisons with other tokens that have either plummeted or soared post-listing. One investor capitalized on the AXL listing announcement, making an impressive $56,028 profit within 8 minutes by leveraging the token’s 20% price rally.</p>
<p style="text-align: justify">The introduction of AXL to Binance has spurred a dramatic 44% increase in the token’s price, currently valued at $2.16. The news also triggered a substantial 284.94% boost in 24-hour trading volume, escalating to $79.18 million, further indicating heightened market interest.</p>
<p style="text-align: justify">Moreover, the optimism is backed by data from Coinglass, showing a 52.99% surge in open interest and a 146.49% increase in trading volume for AXL. These figures suggest a robust market activity and an influx of liquidity for the cryptocurrency.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/axelar-networks-axl-token-price-soars-after-binance-adds-it-to-exchange" rel="noopener noreferrer nofollow">Axelar Network’s AXL Token Price Soars After Binance Adds It to Exchange</a></h5>

Axelar Network’s AXL Token Price Soars After Binance Adds It to Exchange

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