Axie Infinity Price Up 22.15% To $49.3018 – Where To Buy AXS

0
23


Axie Infinity (AXS) is one of the most exciting crypto protocols in the blockchain space. The Vietnamese-based crypto protocol has garnered a lot of media attention, given its phenomenal growth in the past few months.

At press time, the Ethereum-based token is up 22.15% and currently trades at $49.3018.

AXS Price Analysis

AXS’s current trend is clearly bullish, with the digital asset trading well above the 20-day moving average (MA) support price of $25.2620.

With the bulls seizing the market this past weekend, AXS will likely reach a new resistance at the $100 range and find support at $50 in the coming weeks.

This idea is reinforced by market and buying support which points to a continued uptrend in the long term.

Market signals show a positive price action, indicating a buy for AXS token.

Furthermore, the growing market sentiment could see AXS hit the $65 mark before the week runs out.

But could AXS price bottom out afterward and drop to a new support level of $30?

Anything is possible right now. The network’s growth had been nothing short of phenomenal.

Some analysts have linked AXS popularity to the buzz it generated on social media.

As a play-to-earn gaming platform, Axie Infinity allows users to earn cryptocurrency to exchange for cash.

Players earn cryptocurrencies when they engage in battles, breed, and trade their digital pets. Axie Infinity has been widely accepted in the Philippines, with the Asian nation being one of the highest fan bases for the blockchain platform.

Axie Infinity is capitalizing on the growing frenzy surrounding its protocol.

Sky Mavis, the development arm of the crypto project, announced the launch of a dedicated server for competitive gameplays.

The blockchain platform has set aside 5,000 AXS tokens for this innovation, currently worth $245,000 at press time.

This is meant to reward successful players. In addition, Axie Infinity plans to start accepting community tournament organizers’ proposals between July 15 and 29.

Where To Buy AXS

Looking for a reputable broker to buy AXS online? We recommend using eToro. eToro is a social trading platform that lets users trade cryptocurrencies with ease. Also, traders can copy the strategy of other traders’ through the CopyTrading feature.

Looking to buy or trade Axie Infinity (AXS) now? Invest at eToro!

67% of retail investor accounts lose money when trading CFDs with this provide.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here




Enter Captcha Here :