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Is crypto back? Maybe.

Kaiko analysts' research regarding ASX, SAND and DYDX

Apple is ready to take its leap into the metaverse if rumors around the launch of a mixed-reality headset are to be believed. The excitement has permeated the crypto side of the market too. The demand for AXS, SAND, MANA, and FGHT is growing, as both crypto and non-crypto investors pile in.

With the recent cryptocurrency industry revival, the play-to-earn sector is really starting to buzz. Heavyweight P2E projects such as Axie Infinity, Decentraland, and The Sandbox have all outperformed Bitcoin, with surges of over 60% during the past 30 days as investors quickly rush back into the gaming sector.

A crypto gaming altcoin is following Axie Infinity (AXS) on a parabolic surge of its own, more than doubling in value this month. Ronin (RON), the Ethereum (ETH)-linked sidechain designed specifically for the Axie Infinity ecosystem, soared in price this month from $0.26 at the start of the year to $0.

Axie Infinity has been almost chocked to extinction by 2022's bear market. During that same year, interest in NFTs declined, hitting Axie Infinity hard.

Though Axie Infinity Shards (AXS), the cryptocurrency that powers one of web3's leading play-to-earn crypto games Axie Infinity, has now pulled back by close to 20% from the highs it hit above $14 per token just a few days ago, the cryptocurrency is still up around 90% this month.

The Axie Infinity price prediction may never be as bullish as it has been in recent years after the platform's recent problems. Investors have lost confidence in the project, and the game is attracting fewer and fewer players by the month.

Axie Infinity [AXS] noted gains of 138% from the swing low to the swing high of January until press time. The token's performance meant that sentiment in the bulls' camp was euphoric.

Bitcoin (BTC) climbed above $23,000 for the first time since August before retreating. This comes as play-to-earn giant Axie Infinity's AXS cryptocurrency is rallying despite the impending unlocking of $64 million worth of tokens.

The AXS token rallies as the Axie Infinity blockchain witnesses strong address activity ahead this month.

Which altcoins gems to buy related to gaming? In this article, we go over the top 3 gaming cryptos for 2023 that have big potential.

The overcrowded short trade in the lead up to token unlocks is beginning to backfire, with several altcoins showing signs of strength into what is perceived to be a bearish event.

An Ethereum (ETH)-based gaming altcoin surged this weekend ahead of a large token unlocking event, defying conventional trading wisdom. Axie Infinity (AXS) rallied from trading around $9.20 on Saturday to a high of $13.84 on Sunday, a more than 50% increase.

The Fear and Greed Index is 52 Neutral and is +2 from Monday's reading of 50 Neutral

This article is all about the Axie Infinity price prediction and reasons why it can reach $50 this year.

According to new data provided by Santiment, the number of active addresses on the Axie Infinity network declined materially.

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.