Will Axie Infinity (AXS) Price Be Boosted by AxieCon?

Axie Infinity (AXS) has broken down from its corrective pattern, but it is attempting to create its first higher low on the heels of the first AxieCon conference. The post Will Axie Infinity (AXS) Price Be Boosted by AxieCon?.

Timeline of Axie-infinity

Axie Infinity (AXS) has recently shown significant strength against tether (USDT) as the price prepares for a rally to the $20 mark. Bitcoin's (BTC) price continues to fluctuate, despite occasional surges.

The Axie infinity (AXS) price action displays a bull cycle gaining momentum within the consolidation range that shows potential to reach the $20 mark. However, the volatile market conditions question the bullish trend continuation and project the possibility of an early bearish reversal.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] wobbled between $20k and $19.9k in the twelve hours preceding press time.

Axie Infinity price analysis reveals that the cryptocurrency is currently trading at $14.41 after a slight increase of 3.29 percent over the last 24 hours. The market capitalization of the digital asset stands at $1.26 million, and the 24-hour trading volume is recorded at $118 million.

A mysterious whale wallet is holding 50% of Axie Infinity's SLP supply. The secretive wallet has been silently gathering billions of Smooth Love Potion (SLP), the in-game cryptocurrency powering one of the industry's most popular play-to-earn (P2E) crypto games, for almost a year now.

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.

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.