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Two crypto gaming tokens, Axie Infinity (AXS) and Gala (GALA), have seen notable double-digit gains, catching the attention of investors and enthusiasts alike. Here's a breakdown of what's driving the upward momentum for AXS and GALA.
Axie Infinity (AXS) price tumbled to a two-year bottom of $4.20 as investor interest in the GameFi sector dwindled in early September. On-chain indicators reveal that the AXS GameFi ecosystem is now flashing some green signals for an imminent comeback.
In particular we take a look at what has been posted by Jeff Zirlin, co-founder of Axie, on his official X profile and what vision he has for the future of his decentralized blockchain-based play.
Axie Infinity (AXS) is the biggest gainer among the largest 100 crypto assets, surging by 16% in the past 24 hours amid increased whale transactions and development activity. The asset's recent uptrend began on Oct.
The crypto market has been trading sideways for the fifth straight day, indicating a decline in the price action. Bitcoin continues to hover between $34,100 and $34,450, with Ethereum price around $1,800.
Crypto prices were on the rise on Monday, October 30, reflecting a preference for riskier assets among investors. Simultaneously, market participants are keenly anticipating the Federal Reserve's stance at their upcoming meeting later this week, which could have a significant impact on the ongoing market rally and overall sentiment.
A prominent market intelligence platform says that a handful of altcoins should continue to rally as traders continue to focus on Bitcoin (BTC) and Ethereum (ETH).
Axie Infinity's (AXS) 21% price gains over the past have sparked hopes that investor interest could return to the metaverse sector. On-chain analysis examines key factors that could impact AXS price action in the days ahead.
In the ever-evolving landscape of cryptocurrency, Axie Infinity's AXS token has managed to catch the attention of the crypto community with a notable price increase of over 9% in the past seven days. This bullish movement has raised hopes for further gains.
The crypto market experienced an upswing, with Bitcoin surging past $32,000 and major coins like DOGE, Chainlink, and Axie Infinity (AXS) making significant gains, igniting investor FOMO. Yet, despite these positive moves, the overall market saw a 2.2% dip over the last 24 hours, with a total valuation of around $1.29 trillion.
Axie Infinity was up by more than 4% in just the last 24 hours, while its performance on the social front dropped. Do investors brace themselves for impact?
GameFi, the intersection between gaming and decentralized finance, along with play-to-earn (P2E), has become an integral part of the blockchain space. Similarly, P2E tokens have emerged as a favorite of many, appealing to investors and enthusiasts alike.
Binance exchange has made another drastic move to cleanse its platform with respect to underperforming token pairs for selected products. As announced by the trading behemoth, the margin trading pairs for UNI, ALGO and AXS, among others, are on the chopping block.
Axie Infinity (AXS) and Smooth Love Potion (SLP) have become fallen angels as their prices have collapsed recently. SLP, the thinly traded token, was trading at $0.0014 on Tuesday, over 90% below its all-time high. Similarly, AXS was trading at $4.30, 70% below the highest point this year.
In the fast-paced world of blockchain gaming, Axie Infinity (AXS) managed to capture the imagination of players and investors alike during the cryptocurrency market frenzy of 2021. The play-to-earn game attracted hundreds of thousands of users, drawing in both enthusiasts and speculators due to its unique financial elements.
Axie Infinity (AXS) positioned itself among the leading and most popular ‘play-to-earn' blockchain games during 2021's gaming mania in the cryptocurrency market. The project gathered hundreds of thousands of players, attracting investors and speculators due to its financial nature.
Axie Infinity buyers have exploited the support at $4.4 for market re-entries since late September. Will the trend repeat?
Axie Infinity is scheduled to unlock 15 million AXS tokens valued at $70 million on October 20. Here's how whale investors are positioning their trades.
Axie Infinity (AXS) price has failed to reclaim the $5 level despite the positive sentiment surrounding the altcoin markets in late September. Historical on-chain data provides insights into how AXS price could perform in the coming weeks.
While the price of its governance token AXS continues to plummet, Axie Infinity plans to release an additional 15.13 million AXS tokens, which represent 12% of the token's circulating supply.
Axie Infinity, Optimism, and Aptos are gearing up for token releases in October, collectively injecting over $130M into the market.
Axie Infinity, Optimism and Aptos are set for the most substantial token unlocks this month, releasing more than a combined $130 million.
Around 30 cryptocurrency projects will release over $200 million worth of tokens into circulation in October, according to Token Unlocks data. However, six projects will contribute nearly 80% of this release as they plan to unlock more than $174 million worth of tokens during this period.
Although interest in Axie Infinity's play-to-earn game has fallen to an all-time low, the dev team is set to push out new updates.
