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The GameFi industry has been hit hard during the 2022 crypto winter which wiped billions off the crypto market. Axie Infinity is one of the projects that were pummeled to the ground.
However, despite market conditions, Axie Infinity continuously delivered content for its users in 2022.
AXS price has formed a "gravestone" doji on its daily chart that coupled with its recent token unlock event hint at a potential bearish reversal ahead.
With more tokens going into circulation, investors need to hope that the developers can do something to reverse its slumping user metrics.
Amid the new year recovery in the crypto market, the Axie Infinity coin gave a bullish breakout from the long coming falling wedge pattern. This breakout must have shifted the market sentiment from selling on the rallies to buying on dips.
Axie Infinity price is at the helm of its recovery after exploding another 29% in 24 hours to trade at $12.86 at the time of writing. The NFT and gaming token extended the current green candle's wick to $14.00, a price level that was seen last in September. It is plausible that the uptrend is just beginning and taking advantage of the push from the Chinese New Year.
Amid the AXS token unlock, Axie Infinity has experienced a hefty amount of volatility, rising double-digits, then dipping.
Over 4.8 million Axie Infinity tokens (AXS) are scheduled to unlock today, while the token surged 39% in 24 hours. Is this exit liquidity?
Axie Infinity's AXS crypto is surging as it has risen about 40% in the last 24 hours, achieving a 4-month high of $13.14. Let's see why it is rising!
Axie Infinity has grown by 42% in usual price revival move
Axie Infinity's AXS token continued its impressive price action, rising 42% over the last 24 hours to $136, according to CryptoSlate data.
The play-to-earn (P2E) game based on non-fungible tokens (NFTs), Axie Infinity, has seen a massive drop in average monthly players since Jan. 2022.
The 2022 Token Unlocks annual report estimated that tokens worth $102 billion would be unlocked in 2023. This week Axie Infinity will release over $63 million of its tokens.
Some 4.8 million AXS tokens, the equivalent of 1.8% of the cryptocurrency's total supply, will be freed up later Monday.
Crypto Prices Today: Following the Chinese New Year, crypto prices of some significant coins have dropped. Other coins still continue to trade in green.
After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity's monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project's native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days.
Reports reveal that most popular peer-to-peer (P2P) gaming platform, Axie Infinity, has posted a 59% surge in unique active wallets (UAWs).
The crypto gaming sector, which includes Axie Infinity [AXS], rarely enjoyed a stellar performance during the 2022 market purge. But since the start of 2023, AXS seemed to have reversed the trend it displayed for most of 2022.
My neighbor Alice vs Axie infinity. Both games are deserving competitors for players' love and attention due to their distinctive features and gameplay.
The metaverse was hot again this week, but that surge in enthusiasm may not last.
The year 2022 was a hard pill to swallow for Axie Infinity [AXS] holders due to the 89.74% drawdown of its value in the last 365 days.
Metaverse tokens: Many in the computer industry believe that the metaverse is a vision of the internet's future evolution. Humans can experience life in this single, shared, immersive, persistent, 3D virtual environment in ways that are impossible in the real world.
The Chicago Mercantile Exchange (CME) announced the launch of reference rates for Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) on Jan.30.
The move to provide the three new metaverse reference rates comes off as a unique contribution by the CME Group and CF Benchmarks to help with the evolution of the Web 3.0 ecosystem.
