Is $AXL Worth Holding for the Long Term? A Cautious Take

Someone recently commented on one of my Binance Square posts asking about $AXL. Naturally, I pulled up the charts and took a deeper look. From what I saw, it's clear to me that $AXL isn’t currently moving on its own fundamentals or hype — instead, it seems to be reacting to broader market movements, especially Bitcoin.

Now, I know this may sound harsh, but hear me out: this coin is still in its early days $AXLwas launched in 2024, so it hasn’t even gone through a proper bull cycle yet. That’s important, because the first bull run is a major test for any asset. Without that historical data, it becomes extremely hard to calculate its real potential or predict any reliable returns.

From my perspective, unless Bitcoin $BTC

TC makes a significant move and lifts the overall market $AXLmight not show any strong independent momentum. That makes it a risky play in the short term.

If you're someone who’s planning to hold through a bull run, you should ideally have enough analytical data about the coin’s behavior. With $AXL, we’re in uncharted waters. There’s no previous bull run to reference, and to add to that, the price is already down from its launch. That’s not exactly encouraging.

Sure, if you’re thinking long term and are okay with the risks, $AXLmight have potential. But based on what I see in the charts and the lack of market traction, I personally don’t plan on adding it to my portfolio for now.