I don’t know what happened with this coin, but it lost almost all of the HTF support. It is not even near an area that would make me interested to buy for the long term. But now it had some kind of reactions that may it indicate a possible range is forming before another leg down.
What Does AXS Stand For?
AXS stands for Axie Infinity Shards.
Frequently asked questions about AXS
This could be the catalyst for a decrease towards $3.40. A couple of weeks ago I made an analysis on AXS where I discussed the bear-flag pattern it was trading in. After a final break out of the support area AXS fell quick and has reached both of my bearish targets. In my view, AXS can still fall further and the bottom is not in yet.
- From the point of Elliott wave analysis, We can clearly see a downward trend from ATH, Which can have a final target in Wave Z in the specified Fibonacci Range.
- Despite this, these terms are often used interchangeably.
- Find out when your faves are coming to town, check out what’s happening soon, and browse events by your interests – from basketball and rock to comedy and theater.
- On the 1D timeframe of the AXSUSDT chart we can see that AXS started it’s last bearish global…
The remaining budget will be used for event operations. Without further ado, follow the button below to check out the full calendar and start signing up for events! For this grant we’ve also separated events out into 4 tiers, Challenger, Dragon, Bear, and Wolf. These tiers are an indicator of the prize levels and scale of the tournaments. Tournaments on the esports grant will take place on the allow-list esports server that has runes and charms unlocked to ensure tournaments act as a decisive demonstration of mastery. Any player that participates in Axie tournaments on this grant will be given access to the server.
Its smart contract, playing Axie Infinity has become the primary source of income for players in many developing countries. The remaining 50% of players can be sourced from country or region locked qualifiers. Our strategy with esports has been to run small, strategic experiments and double down on what works, which so far has been effective in bootstrapping our competitive scene. Road bikes are faster and more capable than ever before, and riders are expanding what’s possible with drop bar bikes.
Holders will shape the future of Axie Infinity by signaling their support for upgrades to the ecosystem and directing usage of a Community Treasury. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. The short-term two-hour chart shows that the Axie Infinity price has decreased below a descending resistance line since Nov. 5. Unless the AXS coin reaches a weekly close above the $9.50 support area, a fall towards $3.40 is the most likely Axie Infinity price prediction.
AXS TV’s Most Watched
AXS is the cryptocurrency of the Axie Infinity platform, a game developed based on the Ethereum network blockchain that fits into the “play-to-earn” mode, … Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. To learn more about this project, check out our deep dive of Axie Infinity.
AXS is hosted on the Ethereum blockchain and has its own sidechain named Ronin to avoid creating congestion issues on the main blockchain. Its use case is built around the Axie Infinity game that Sky Mavis describes as an open-ended digital pet universe. Players earn AXS in the game and use it to acquire in-game assets, stake to participate in governance or sell in external markets. The AXS token economy was designed by cryptocurrency research firm Delphi Digital.
Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.
Ripple Gains New Allies Against the SEC, Improving XRP Price Forecast
On the contrary, price start to grow with entire crypto market. ✅ I think this event misslead the last AXS holdlers which sold their coins before… Developed in 2018 by Sky Mavis, a Vietnamese video game development company, Axie Infinity features amongst the most popular blockchain-based play-to-earn online video games. Created on the Ethereum blockchain, it is inspired by popular gaming titles like Tamagotchi and Pokemon.
https://cryptolisting.org/ coin has been in a corrective phase since its November 2021 high. According to our AXS live price chart, AXS price closed 2021 at under $100 and dipped further below $50 in Q1, 2022. That said, with ongoing ecosystem developments and the continuously growing interest in the P2E games, AXS’s next price surge may be just around the corner. Although the Axie Infinity game was created in 2018, the AXS coin was launched in October 2020 through a public token sale, with AXS price set at $0.10 per unit. A total of 29.7 million AXS were sold out of a maximum supply of 270 million, raising close to $3 million for the project.
Is AXS a cryptocurrency or a token?
I’m looking at a $6.5 target for the coming weeks, potentially even $3.5 if we’re… The ideal way to buy What is AXS is through established crypto exchanges like OKX, Binance, Coinbase, Huobi Global and others. You can also use the Ronin network’s native DEX Katana, for AXS purchases.
The maximum token supply of AXS is limited to 270 million tokens. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading. Axie is a new type of game, partially owned and operated by its players. The decrease caused a breakdown from the long-term $9.50 horizontal support area. This is a bearish sign that could lead to the acceleration of the downward movement. AXS news, in November 2021, a plot of land in the Axie Infinity metaverse sold for a whopping 550 ETH (worth $2.5 million at that time).
We have also made a specific effort to support a wide variety of events, including dailies, weeklies, leagues, and large one-off tournaments. On tarmac or gravel, 1x or 2x, eTap AXS gives a quiet, secure, and smooth ride. Thanks to the ultra-lightweight Orbit fluid damper and a unique Flattop chain, you’ll ride more confidently and efficiently than ever—no matter the terrain.
What is AXS Used For?
AXS is used within the Axie Infinity ecosystem as a settlement token. Axie Infinity players earn AXS through gameplay or trading Axies, stake AXS for rewards, or use AXS to participate in decentralized governance.
As players reach different levels, they earn rewards in AXS tokens. AXS is the main governance token of the Axie Infinity network. It is also actively used for incentivizing players, buying in-game NFT assets, paying fees for breeding Axies and staking purposes. In addition, holding AXS makes players eligible to participate in certain auctions, sales and events held by the Axie Inifinity team.
Players collect, breed, manage, battle as well as trade NFT-based creatures called Axies. The game’s ecosystem is based on two ERC-20 tokens, Axie Infinity Shards and Smooth Love Potion , both of which currently exist on the Ronin side-chain. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.