Axelar (AXL), the native token of the Axelar network, a Web3 interoperability platform, has seen a remarkable price increase of 30% in the last 24 hours, reaching $2.28 as of writing. The price rally was triggered by the announcement from Binance, one of the world’s leading cryptocurrency exchanges, that it will list AXL and open trading for four spot trading pairs at 2024-03-01 11:30 (UTC). The listing announcement has generated significant interest and excitement among the crypto community, as Binance’s listings have often influenced the price movements of various tokens.
Binance to list AXL with Seed Tag applied
Binance revealed its plans to list AXL and open trading for these spot trading pairs at 2024-03-01 11:30 (UTC): AXL/BTC, AXL/USDT, AXL/FDUSD, and AXL/TRY. Users can now start depositing AXL in preparation for trading, and withdrawals will open at 2024-03-02 11:30 (UTC). The listing fee set by Binance is 0 BNB, showing the exchange’s support for the listing.
Binance also applied the Seed Tag to AXL, indicating that it is an innovative project that may exhibit higher volatility and risks compared to other listed tokens. The Seed Tag requires users to pass the corresponding quizzes every 90 days on the Binance Spot and/or Binance Margin platforms, and accept the Terms of Use, to gain trading access to the tokens marked with the tag. The quizzes are designed to ensure that users are aware of the risks before trading the tokens with the Seed Tag.
Binance advised users to exercise sufficient risk management, do their own research on AXL’s fundamentals, and fully understand the project before opting to trade the token.
Axelar: A Web3 interoperability platform
Axelar is an interoperability infrastructure that connects all types of blockchains, assets, and apps. It aims to enable seamless communication and value transfer across different blockchain ecosystems, without requiring any changes or integrations from the existing protocols. Axelar leverages the Cosmos SDK and the Tendermint consensus to create a decentralized network of validators that relay data and transactions between different chains.
AXL is the native token of the Axelar network, and it serves multiple purposes, such as:
- Securing the network by staking and delegating to validators.
- Paying for fees and gas for cross-chain transactions and data transfers.
- Participating in governance and voting on network upgrades and parameters.
- Accessing network services and products, such as bridges, oracles, and smart contracts.
Axelar has partnered with several blockchain projects and platforms, such as Avalanche, Terra, Polygon, and Celo, to enable cross-chain interoperability and expand the Web3 ecosystem.
AXL price rally and market sentiment
The announcement from Binance set off a notable price rally for AXL. According to data from CoinMarketCap, the altcoin experienced a surge exceeding 30%, reaching a trading price of $2.28 within 24 hours post-announcement. The fact that AXL’s price was around $1.54 before the listing announcement indicates that the majority of the surge is due to the listing.
The market sentiment for AXL is also positive, as the token has gained more attention and exposure from the crypto community. According to data from LunarCRUSH, a social media analytics platform, AXL’s social engagement has increased by 1,144.9% in the last 24 hours, and its social dominance has increased by 1,066.7%. The token’s social volume, social contributors, and social mentions have also increased significantly.
One trader appears to have made a notable profit of $56,028 in just 8 minutes by buying and selling AXL after the listing announcement. According to data from Spotonchain, the trader bought 317,322 AXL with 500K USDT right after the announcement, and sold them for 556K USDT as the price surged up to 23% afterward.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-120x86.png)
