Axie Infinity Price Prediction As AXS Explodes 56% On Homeland News

Axie Infinity (AXS) has recorded an impressive rally since the onset of 2023, surprising cryptocurrency analysts as the blockchain-based gaming token surged almost 85% since [...]

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Axie Infinity Price Prediction: AXS Bulls Need To Hold Above At $7.9

The crypto winter was hard on many cryptocurrencies, and Axie Infinity (AXS) was not spared. The Axie Infinity price token dropped by 90% from the [...]

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Axie Infinity Price Prediction As This Update Triggers 27% AXS Surge

Axie Infinity’s AXS token saw a large price spike on Monday. AXS/USD was last changing hands around 27.5% higher on the day in the $8.70s [...]

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AXS price movement after release of batch of tokens to early investors and insiders

Axie Infinity began releasing previously restricted AXS tokens to early investors and insiders as a part of a $200 million unlocking event.

Axie Infinity (AXS/USD) is one of the most popular play-to-earn (P2E) crypto games. The game features its own cryptocurrency, known as AXS, that is listed across exchanges.

Around 21.5  million AXS, which are worth $200 million, have begun to release and will carry on with their release in the upcoming days. Ten million tokens are reserved for early investors, advisors, and the development team.

Blockchain data indicates that a wallet that was tagged as “Axie Infinity: Token Vesting” transferred 785,334 AXS tokens, which are worth $6.6 million at the time of writing, to a total of six recipients. 

These recipients were listed as advisors and early investors in the private sale round in mid-2020, based on data from TokenUnlock. 

Arca, which was one of the institutional investors that bought AXS during a private sale, got 437,500 tokens worth $4 million in AXS. These cryptocurrencies then got deposited to FTX based on data from Etherscan. 

Another early investor gained 187,500 tokens worth $1.7 million and transferred them to Binance as well. In total, $5.7 million worth of cryptocurrencies got transferred to exchanges as a result of this unlock, with more to be unlocked throughout the upcoming days.

On October 26, 2022, Axie Infinity (AXS) had a value of $9.317.

AXS/USD Chart by Tradingview.

The all-time high of the Axie Infinity (AXS) cryptocurrency was on November 6, 2021, when the cryptocurrency reached a value of $164.90. Here we can see that at its ATH, the token was trading $155.583 higher in value, or by 1,670%.

When we go over the 7-day performance, the cryptocurrency had its low point at $8.29, while its high point was at a value of $10.53. This gives us an indication of a difference in the value of $2.24 or by 27%.

Looking at the 24-hour difference, Axie Infinity (AXS) had its low point at $8.86, while its high point was at $9.40. Here we can see a $0.54 difference between these two value points, or by 6%.

With this in mind, investors might want to buy AXS as it can climb to $11 by the end of October 2022.

The post AXS price movement after release of batch of tokens to early investors and insiders appeared first on Invezz.

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TA- The Price Of Axie Infinity Struggles Despite Crypto Relief Rally

The price of Axie Infinity (AXS) has struggled recently with a few bullish signs against Tether (USDT) despite market sentiments around the project. As a result of the “Merge” sentiments, this has led to many altcoins showing relief rallies and newer altcoins making all-time highs; the price of Axie Infinity has struggled to rally despite many expectations on AXS holders. Related Reading: Ethereum Market Observes Pileup Of Leverage As ETH Breaks $2k The Merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) to increase its network efficiency in transactions. (Data feeds from Binance) Axie Infinity (AXS) Price Analysis On The Weekly Chart From the chart, the price of AXS saw a weekly low of around $14.2, which bounced from that area and rallied to a price of $18. The price has built more momentum as it faces resistance at $19.3. If the price of AXS on the weekly chart continues with this structure, it could quickly revisit $18, acting as a good support area for buy bids. Weekly resistance for the price of AXS – $19.3. Weekly support for the price of AXS – $14. Price Analysis Of AXS On The Daily (1D) Chart The price of AXS found strong support at around $17.5, which seems to be an area of interest on the daily chart. AXS bounced from its support and has rallied as it faces resistance at $19.3. The price of AXS has continued to range in a channel; breaking out of this channel could send the price of AXS to $28. At the point of writing, the price of AXS is $19.27, above the 50 Exponential Moving Average (EMA) with a price of $17.5. If the price of AXS holds the support of $17.5 successfully, we could see the price trending higher with a successful breakout of the channel; if the price of AXS gets rejected, $17.5, which corresponds with 50 EMA, will be good support for buys. The Relative Strength Index (RSI) for the price of AXS on the daily chart is above 55, indicating healthy buy bids for AXS. Daily (1D) resistance for AXS price – $19.3. Daily (1D) support for AXS price – $17.5. Price Analysis OF AXS On The Four-Hourly (4H) Chart The price of AXS has continued to range in a channel having resistance at $19.3.  AXS is trading above the 50 and 200 EMA with prices of $18.4 and $17.3, acting as its support on the 4H chart should the price of AXS gets rejected due to the weekend sell-off. If the price of AXS holds above the support of 18.4 with the good volume, we could see prices trending and breaking out of the range channel. If AXS experiences a sell-off, 50 and 200 EMA prices would support AXS prices. Four-Hourly (4H) resistance for AXS price – $19.3. Four-Hourly (4H) support for AXS price – $18.4, $17.3. Related Reading: Ethereum Sees Setback After Breaking $2k, But Price Likely to Maintain Upward Trajectory Featured image from Coin News, Charts from TradingView.com

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New Axie Infinity Development Could Send AXS Even Higher

Despite massive price appreciation, Axie Infinity isn’t done developing its metaverse. Is crypto gaming, thanks to Axie, gearing up to step another leg higher? Covered: Axie Infinity Development Update Axie Infinity Ecosystem Growth AXS Price Action Blockchain gaming has been one of the hottest trends in the 2021 crypto bull run. While Axie Infinity led […]

The post New Axie Infinity Development Could Send AXS Even Higher appeared first on CryptosRus.

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Ronin DEX Katana Now Live, Axie Infinity’s AXS and SLP Surges

Katana, the Ronin DEX, is now live. Axie Infinity (AXS) and Smooth Love Potion (SLP) prices started to surge. Users ...

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Is Axie Infinity overheating? AXS price hits record high following 100% QTD rally

The gaming token, which reached $150 in the early UTC hours of Monday, risks correcting below $90 as a key technical indicator identifies its overbought conditions.

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Ultra Bullish Axie Infinity (AXS) Hits New ATH $119.92

Axie Infinity (AXS) price surges and hits new ATH $119.92. The price spike came after AXS Airdrop to early supporters.

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Axie Infinity (AXS) gains over 45%, but ‘death cross’ fears persist

AXS may form a death cross between its 20-day and 50-day exponential moving averages, despite the latest rebound.

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Axie Infinity Takes a Bullish Curve, Will AXS Hit $70k Soon?

Axie takes an uphill turn days after a bearish triangle. 50% of Axie’s 1.6 m daily active players are new

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Axie Infinity Co-Founder Losses Over $10 Million In Hack, AXS Holds Firm

Two personal crypto wallets belonging to Jeff “Jihoz” Zirlin, the co-founder of Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, have been compromised, reports on February 23 show. Following this hack, over $10 million worth of various crypto assets were stolen, primarily RON, the native token of Ronin Chain, the Ethereum sidechain designed explicitly for Axie Infinity. Axie Infinity Co-Founder Losses Over $10 Million In Hack According to Lookonchain data, the hacker got away with 3.2 million RON worth over $9.53 million. The co-founder also lost over $834,000 worth of Wrapped Ethereum (ETH). There were other small amounts of PIXEL, the native token of Pixels–a gaming platform; SLP, the coin priming Axie Infinity’s metaverse; and USDC, a stablecoin.    Zirlin held around 164 AXS worth less than $1,300. The hack has shown an unexpected holding pattern, especially among project founders. That the co-founder only held 164 AXS is strange, considering the role played in Axie Infinity. The P2E game has distributed billions of assets since its popularity peaked in the last bull cycle. Related Reading: Arbitrum In Freefall, Dips Below $2 As Experts Analyze Recovery Timelines Stolen assets, Lookonchain data reveals, were reportedly converted to ETH and deposited into Tornado Cash, a crypto mixer whose co-founders have an ongoing court case in the United States. In charges brought forward in August 2023, the prosecution team alleges that North Korean hackers used Tornado Cash to launder millions, if not billions, of dollars worth of stolen coins. Some of these tokens were from the Ronin hack, which lost over $600 million in March 2022.  Dedicated To Mission; RON And AXS Post Minor Losses Zirlin confirmed the hack on X on February 23, emphasizing that it was “limited to my accounts.” The hack did not affect the Ronin chain or Sky Mavis operations. The co-founder also added that the compromised private keys were not connected to the company’s internal systems. Related Reading: Bitcoin Bullish Outlook: Analyst Predicts Near-Term Surge To $61,000 Zirlin said they have “strict security measures in place for all chain-related activities to assuage fears.” The co-founder also remains upbeat, assuring concerned crypto community members that the project will continue pursuing its mission of bringing “economic freedom” to all users. So far, AXS and RON prices remain stable but lower, looking at the performance in the daily chart. AXS and RON have been edging lower since February 21, cooling off after sharp gains from early Q4 2023.  Feature image from Canva, chart from TradingView

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