{"id":567222,"date":"2023-12-28T12:00:32","date_gmt":"2023-12-28T12:00:32","guid":{"rendered":"https:\/\/www.uniquehot.com\/?p=567222"},"modified":"2023-12-28T11:19:18","modified_gmt":"2023-12-28T11:19:18","slug":"axie-infinity-springs-back-to-life-with-surprise-35-rally-details","status":"publish","type":"post","link":"https:\/\/www.uniquehot.com\/news\/axie-infinity-springs-back-to-life-with-surprise-35-rally-details\/","title":{"rendered":"Axie Infinity Springs Back To Life With Surprise 35% Rally – Details"},"content":{"rendered":"

In the dynamic realm of cryptocurrencies, Axie Infinity’s AXS token has embarked on a remarkable ascent, witnessing an impressive surge of over 35% in the past 24 hours<\/a> and currently trading at $9.26. This rally catapults AXS to the forefront of gaming cryptocurrencies, boasting a market capitalization of $1.4 billion and a circulating supply of 132 million coins.<\/p>\n

The driving force behind this impressive upswing can be traced to a recent major game update, which introduces a transformative element to the Axie Infinity ecosystem.<\/p>\n

Related Reading: $2 In Sight? Mina Protocol\u2019s 47% Growth Raises Price Target Hopes<\/a><\/div>\n

Axie Infinity’s Evolution Transforms Game Economy<\/strong><\/h2>\n

This update focuses on the evolution of Axies, creatures analogous to Pokemons, offering players the opportunity to enhance their digital companions with additional features and abilities.<\/p>\n

Beyond the surface modifications, this evolution introduces a deflationary mechanism that radically modifies the Axie Infinity economy. This system can lower the total number of Axies, which would raise the value of already-existing Axies and strengthen ties between players and their virtual counterparts.<\/p>\n

<\/iframe><\/div>\n

However, amidst this surge, a note of caution emerges. The market’s rebound and Bitcoin’s push towards $45,000 have fueled momentum in AXS’s price, but concerns loom over a potential sharp correction.<\/p>\n

Impatient holders, grappling with losses, are becoming a focal point of concern. The surge prompted a significant number of sellers to liquidate their positions, with data from Coinglass indicating approximately $2.4 million in short positions liquidated, defying bearish predictions.<\/p>\n

As the market adjusts, the data reveals a potential for a significant correction. The number of profitable addresses has increased to nearly 30%, yet it is eclipsed by the 51,000 holders currently in the red.<\/p>\n

AXSUSD currently trading at $9.31250000 on the daily chart: TradingView.com<\/a><\/pre>\n
This scenario suggests that the ongoing upward trend in AXS price might entice loss-incurring holders to exit the market in an effort to minimize their losses.<\/p>\n
AXS Technical Analysis: Key Levels And Caution<\/strong><\/h2>\n
In terms of technical analysis, AXS has established key resistance levels at $10.41, $11.37, and $12.01, with immediate support at $9.09 and additional support at $8.54 and $8.06.<\/p>\n
\n
\ud83d\ude80 #AxieInfinity<\/a> (AXS) showcases dynamic market movement! \ud83d\udcc8 Trading near $9.73 with key resistances ahead. RSI at 81 signals strong buying trend, but caution advised. \ud83d\udccaBullish above $9.70 with eyes set on surpassing $10.41. Stay tuned for more updates! #Crypto<\/a> #TradingTrends<\/a> \ud83c\udf1f<\/p>\n
\u2014 Arslan Ali (@forex_arslan) December 25, 2023<\/a><\/p><\/blockquote>\n
The Relative Strength Index (RSI), a crucial indicator of market sentiment, is currently at an elevated level of 81, signaling an overbought condition. While this suggests a strong buying trend, caution is advised, as an overbought condition may indicate the potential for reversals in the market.<\/p>\n
Related Reading: ARB Soars 25% In 24 Hours As Arbitrum Preps For Major Projects In 2024<\/a><\/div>\n
Axie Infinity’s AXS has undergone a remarkable surge fueled by a significant game update, amplifying excitement in the digital asset landscape as the new year approaches.<\/p>\n
Despite the positive momentum, caution prevails, with market participants wary of a potential correction and the impatience among holders grappling with losses.<\/p>\n
The unique economic dynamics introduced by the game update add a layer of intrigue to AXS’s trajectory in the ever-evolving cryptocurrency market.<\/p>\n
Featured image from Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
In the dynamic realm of cryptocurrencies, Axie Infinity’s AXS token has embarked on a remarkable ascent, witnessing an impressive surge of over 35% in the past 24 hours and currently trading at $9.26. This rally catapults AXS to the forefront of gaming cryptocurrencies, boasting a market capitalization of $1.4 billion and a circulating supply of 132 million coins. The driving force behind this impressive upswing can be traced to a recent major game update, which introduces a transformative element to the Axie Infinity ecosystem. Related Reading: $2 In Sight? Mina Protocol\u2019s 47% Growth Raises Price Target Hopes Axie Infinity’s Evolution Transforms Game Economy This update focuses on the evolution of Axies, creatures analogous to Pokemons, offering players the opportunity to enhance their digital companions with additional features and abilities. Beyond the surface modifications, this evolution introduces a deflationary mechanism that radically modifies the Axie Infinity economy. This system can lower the total number of Axies, which would raise the value of already-existing Axies and strengthen ties between players and their virtual counterparts. However, amidst this surge, a note of caution emerges. The market’s rebound and Bitcoin’s push towards $45,000 have fueled momentum in AXS’s price, but concerns loom over a potential sharp correction. Impatient holders, grappling with losses, are becoming a focal point of concern. The surge prompted a significant number of sellers to liquidate their positions, with data from Coinglass indicating approximately $2.4 million in short positions liquidated, defying bearish predictions. As the market adjusts, the data reveals a potential for a significant correction. The number of profitable addresses has increased to nearly 30%, yet it is eclipsed by the 51,000 holders currently in the red. AXSUSD currently trading at $9.31250000 on the daily chart: TradingView.com This scenario suggests that the ongoing upward trend in AXS price might entice loss-incurring holders to exit the market in an effort to minimize their losses. AXS Technical Analysis: Key Levels And Caution In terms of technical analysis, AXS has established key resistance levels at $10.41, $11.37, and $12.01, with immediate support at $9.09 and additional support at $8.54 and $8.06. \ud83d\ude80 #AxieInfinity (AXS) showcases dynamic market movement! \ud83d\udcc8 Trading near $9.73 with key resistances ahead. RSI at 81 signals strong buying trend, but caution advised. \ud83d\udccaBullish above $9.70 with eyes set on surpassing $10.41. Stay tuned for more updates! #Crypto #TradingTrends \ud83c\udf1f \u2014 Arslan Ali (@forex_arslan) December 25, 2023 The Relative Strength Index (RSI), a crucial indicator of market sentiment, is currently at an elevated level of 81, signaling an overbought condition. While this suggests a strong buying trend, caution is advised, as an overbought condition may indicate the potential for reversals in the market. Related Reading: ARB Soars 25% In 24 Hours As Arbitrum Preps For Major Projects In 2024 Axie Infinity’s AXS has undergone a remarkable surge fueled by a significant game update, amplifying excitement in the digital asset landscape as the new year approaches. Despite the positive momentum, caution prevails, with market participants wary of a potential correction and the impatience among holders grappling with losses. The unique economic dynamics introduced by the game update add a layer of intrigue to AXS’s trajectory in the ever-evolving cryptocurrency market. Featured image from Shutterstock<\/p>\n","protected":false},"author":557,"featured_media":567250,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86128,3],"tags":[86601,86590,86624,6664],"class_list":["post-567222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-axie-infinity-axs","category-news","tag-axie-infinity-axs","tag-axs-price","tag-axsusd","tag-crypto"],"acf":[],"yoast_head":"\nAxie Infinity Springs Back To Life With Surprise 35% Rally - Details<\/title>\n<meta name=\"description\" content=\"In the dynamic realm of cryptocurrencies, Axie Infinity's AXS token has embarked on a remarkable ascent, witnessing an impressive surge of over 35% in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uniquehot.com\/news\/axie-infinity-springs-back-to-life-with-surprise-35-rally-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Axie Infinity Springs Back To Life With Surprise 35% Rally - 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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