Cryptocurrency Q&A
Why is Axelar falling?
Why is Axelar falling?
CryptoPioneer
Mon Oct 28 2024
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7 answers
1559
Axelar has been falling recently and I'm trying to understand the reasons behind this decline. Is it due to market conditions, company-specific issues, or some other factors? I'm looking for insights into why its value is dropping.
7 answers
Valentino
Wed Oct 30 2024
Additionally, the overall market downtrend played a pivotal role in exacerbating the price fall.
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CryptoDynasty
Wed Oct 30 2024
This steep fall was accompanied by a comparable decrease in AXL's price, which plunged by 69.1% to reach $0.64.
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EthereumEmpireGuard
Wed Oct 30 2024
The disparity between the market cap and price decrease can be attributed to various factors.
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Caterina
Wed Oct 30 2024
One notable reason is the increase in AXL's circulating supply, which rose by 15% quarter over quarter.
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CryptoAlly
Wed Oct 30 2024
This increase in supply had a diluting effect on the price, contributing to its steeper decline compared to the market cap.
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