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Axie Infinity (AXS) holders have fiercely defended the $4 support level after a major retracement in early September raised concerns that it could edge closer to zero. An in-depth on-chain analysis examines how investors could react to the recent 12% price rebound toward $4.50.
Axie Infinity, the leading play-to-earn (P2E) blockchain game, faces turbulent times as its player base dwindles to the year's lowest point. As reported by activeplayer.
As interest in play-to-earn game Axie Infinity continues to drop, its active player count hit its lowest level since the year began.
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $26,600 level on Friday. Ethereum (CRYPTO: ETH), also moved higher, trading above the key $1,600 mark this morning.
The cryptocurrency markets faced significant turmoil over the last two days, primarily due to the FTX sell-off. Cryptocurrencies witnessed a sharp decline, with the total market capitalization dropping by over 40% at one point yesterday. As of now, there's been a slight market rebound. However, amid this widespread downturn, certain tokens have bucked the trend.
Don't look now, but this play-to-earn gaming platform is up nearly 10% today.
AXS, the native crypto asset of the Axie Infinity Game, experienced a sharp increase, increasing by more than 20% in a matter of minutes.
As the cryptocurrency industry continues its sideways trading trend, it might be a good opportunity for investors to accumulate their favorite cryptocurrencies while the prices are relatively low, but not all digital assets represent equally good investments at every point in time.
Languishing below $5, Axie Infinity (AXS) price is now down 97% from its $166 peak achieved during the 2021 Metaverse rally. An in-depth on-chain analysis examines the likelihood that the top-ranked Metaverse project will make a recovery.
While a Bitcoin bounce could positively impact Axie Infinity in the short-term, the price action pointed toward a continuation of the downtrend for AXS.
Axie Infinity (CRYPTO: AXS)(CRYPTO:RON) is a NFT-based gaming ecosystem developed by Sky Mavis since 2018. Over the years, Sky Mavis developed multiple gaming experiences for Axie Infinity that went through multiple iterations.
According to data from the cryptocurrency analysis platform IntoTheBlock, as shared by analyst Ali Martinez on September 1, a staggering 99.54% of AXS wallet addresses are currently in a state of loss. This statistic highlights the challenging environment that AXS investors find themselves in today.
Axie Infinity (AXS) has achieved an exceptional result. Over the past few years, it has made a name for itself with various results, but to date it is considered the most profitable token on the Binance Launchpad.
Axie Infinity, one of the top play-to-earn (P2E) blockchain-based games, has witnessed a decline in its native token, AXS, in line with the general market. These losses have resulted in token holders recording significant losses, reaching new highs.
AXS appears to have lost its lead in the market despite its early start advantage. It ranked 12th on DappRadar's blockchain games ranking.
The ripple effect from Grayscale's landmark victory has not swayed the bearish Axie Infinity (AXS) long-term holders as the price remains rooted below $5. On-chain data analyses the chances for AXS bulls scaling the $5 sell wall in the coming days.
Bored Ape Yacht Club (BAYC) and Axie Infinity, the pioneering metaverse projects, plan to unlock a significant portion of their market caps in the coming weeks. BAYC will release tokens equal to 11% of ApeCoin's current $530M market cap, while Axie will release 11.2% of its market cap, Token Unlocks data shows.
Axie Infinity (AXS) bulls have fiercely prevented a reversal below the critical $4.50 price support level amid last week's altcoin market downturn. Whale investors have been spotted buying the dip.
Play-to-earn game Axie Infinity has seen an uptick in active wallets and transaction counts in the last month. However, this does not mean all is well with the struggling dApp.
Commencing on August 29th, Bitstamp plans to temporarily halt trading activities for a carefully selected range of well-known tokens. Notable names on this list include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), NEAR, Sandbox (SAND), and notably, Solana (SOL).
Axie Infinity gets singled out by the Philippines police in cybercrime warning. What does it mean for the P2E sector?
Axie Infinity has been named by the Philippine National Police Anti-Cybercrime Group (PNP ACG) as part of its warning to Philippine citizens regarding the diverse strategies employed to extort funds from the cryptocurrency gaming community by crypto games.
Axie Infinity (AXS) bears finally broke down the $6 support level on Aug 12 after nearly a month of multiple attempts. Amid growing bearish momentum, on-chain data examines the bulls' chances of forcing an early AXS price rebound.
For those concerned about the potential for volatility among higher-risk assets to pick up, these are three cryptos to sell.
