Axie launches Season 0 with great promise but what about AXS

Axie Infinity has been feeling the bearish heat of the market recently. The GameFi-based protocol has been pretty active among the Twitter chat boxes recently after the release of the latest news.

Timeline of Axie-infinity

Following the $620 million attack on Axie Infinity's Ronin sidechain, one researcher has traced fund flows to sanctioned crypto mixers. The post Sanctioned Mixers Used to Launder Axie Infinity Funds, Reveals SlowMist Researcher appeared first on BeInCrypto.

Axie Infinity (AXS) and Smooth Love Potion (SLP) have both broken out from their respective descending resistance lines, but are still facing horizontal resistance. The post Axie Infinity (AXS) and Smooth Love Potion (SLP) Show Signs of Life After Long Downtrend appeared first on BeInCrypto.

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.

After recording more than $4 billion in all-time sales, Axie Infinity announced the game's classic mode will no longer allow users to obtain smooth love potion (SLP), as SLP rewards have been added to the new Origin ranked gameplay mode.

Short-lived bearish grip experienced by Axie Infinity has ended and according to the daily price chart, the price of Axie Infinity (AXS) has plummeted after a surprising bearish entry.

Axie Infinity (AXS) price has nosedived following a surprise entry by the bears as seen in the daily price chart.  AXS hovering above both the 20- and 50-day EMA Axie Infinity price dropped as the bears slammed investors shut after going all-in with the recent uptick.

Axie Infinity's AXS has concluded July with a retest of its monthly resistance level near $18.5. This is the same price level that previously acted as the support zone in May, prior to June's extended crash.

The chief executive of blockchain gaming platform Axie Infinity is debunking reports that he moved millions of dollars in AXS as the protocol's sidechain was hacked to the tune of $600 million.

Trung Nguyen, co-founder and CEO of Axie Infinity, has refuted allegations that he engaged in insider trading just before the game's parent company, Sky Mavis, disclosed a $600 million hack.

A closely tracked analyst is predicting a strong rally for leading smart contract platform Ethereum (ETH) and two additional altcoins as crypto markets bounce. Pseudonymous analyst Altcoin Sherpa tells his 180,600 Twitter followers that he believes Ethereum has more gas left in its tank despite nearly doubling its value in less than two months.