- The AXS crypto is prepared for a more splendid surge, as it pierced the closest resistance level on the chart.
- The Axie Infinity token asset is exhibiting buying momentum and rising capacity as it holds above major EMA’s.
Axie Infinity is basically a game on the blockchain where different players around the globe can trade and fight with the creatures in the game that they partly own and run.
Its own special token is Axie Infinity Shards (AXS). These let players join in important decisions and have a voice in how the money in the Axie Community Treasury is used.
Each creature has six of the many possible body parts that have their own moves in battle. This creates a lot of diversity among the creatures, with some having low stats and others having amazing stats because of their body parts.
Unlike some other games on the blockchain that involve breeding and fighting, each creature can only breed seven times to keep the number of creatures low.
The game has a place where players can look for a good partner to breed their creature with to get a strong or rare baby. It costs 0.005 ETH and some Small Love Potion (SLP) tokens to breed creatures.
People who have AXS tokens will be able to put their tokens in a pool and get rewards regularly. But they also have to play and vote to get their rewards, unlike some other tokens that can be staked.
The Axie Infinity (AXS) token is a token on ERC-20. This means it is protected by Ethereum’s way of checking transactions called proof-of-work (POW).
In early 2021, Axie Infinity will move its tokens that are not fungible, like the creatures, Land and other things in the game, from the Loom Network to a special chain on Ethereum made for Axie Infinity called Ronin.
Ronin is a chain that is only for Axie Infinity. It is made by Sky Mavis, the company that made the Axie Infinity game, and it can do transactions very fast, lower the fees and help Axie Infinity grow.
Will Axie Infinity Price Continue Bullish Ascend?
The AXS crypto is prepared for a more splendid surge, as it harnessed energy and pierced the closest resistance level on the chart. Besides, it climbed to new altitudes from the current demand zone.
The Axie Infinity crypto asset is displaying bullish characteristics and can extend its gains. It has shown good performance in the past week, and one month, by 43.91% and 59.35% respectively, implying a consistent upward trend.
The Axie Infinity token asset is exhibiting buying momentum and rising capacity as it holds above major EMA’s.
The AXS crypto is displaying a decrease of 3.18% in the last 24 hours, trading at $9.9130 (press time).
Therefore, if the demand for the AXS Token remains high, the asset price could continue more from the current level. The next goal for the AXS price is to reach $11.00.
However, if the AXS crypto price fails to stay above the $9.00 level, it could decline further.
Summary
The Axie Infinity crypto asset is displaying bullish characteristics and can extend its gains. It has shown good performance in the past week, and one month, by 43.91% and 59.35% respectively, implying a consistent upward trend.
Therefore, if the demand for the AXS Token remains high, the asset price could continue more from the current level. The next goal for the AXS price is to reach $11.00.
Technical Levels
Support Levels: $11
Resistance Levels: $9
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.