Axie Infinity

Get Axie Infinity (AXS) all time high price, historical charts, latest news and other information.

A crypto gaming altcoin is following Axie Infinity (AXS) on a parabolic surge of its own, more than doubling in value this month.
Ronin (RON), the Ethereum (ETH)-linked sidechain designed specifically for the Axie Infinity ecosystem, soared in price this month from $0.26 at the start of the year to $0.74, a more than 184% increase.

RON, the 258th-ranked crypto asset by market cap, continues trading at $0.74 at time of writing. Ronin’s surge came as the Axie Infinity also soared ahead of Monday’s $60 million token unlock event.
AXS surged from a low of $6.11 at the start of the year to a high of $13.92 this past weekend. It has since dipped down at time of writing to $11.87.
The AXS rally was unusual since prices of tokens frequently dip ahead of their token unlocks, which allows investors a chance to sell their tokens after vesting periods expire.
Axie Infinity’s next token-unlocking event will occur on April 17th. The unlock will represent 1.45% of the asset’s total supply worth nearly $45.9 million at time of writing, according to TokenUnlocks.
In a 2020 whitepaper, Trung Nguyen, co-founder and CEO of Axie Infinity creator Sky Mavis, says,
“Ronin will continuously evolve over the years to serve the spirit and ethos of blockchain gaming. On the technical side, we are also looking into various solutions to further strengthen and scale Ronin.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Crypto Gaming Altcoin Follows Axie Infinity (AXS) With Parabolic Surge, Rallies 184% This Month appeared first on The Daily Hodl.


A crypto gaming altcoin is following Axie Infinity (AXS) on a parabolic surge of its own, more than doubling in value this month. Ronin (RON), the Ethereum (ETH)-linked sidechain designed specifically for the Axie Infinity ecosystem, soared in price this month from $0.26 at the start of the year ...

dailyhodl.com

Crypto Gaming Altcoin Follows Axie Infinity (AXS) With Parabolic Surge, Rallies 184% This Month

Axie Infinity has been almost chocked to extinction by 2022’s bear market. During that same year, interest in NFTs declined, hitting Axie Infinity hard. 
According to CoinGecko, the token has been experiencing growth in almost all time frames with the biggest being the bi-weekly time frame with an impressive 48% gain. 
But recently, the game has been facing some problems. According to activeplayer.io, Axie Infinity has been having trouble retaining players, with the game reverting back to November 2020 levels. However, recent developments might have contributed to AXS’ rise once again. 


On-Chain Developments Drive Axie Forward
On December 28th, the devs released Axie Infinity: Homeland, the game’s flagship land-based experience. This release is only playable by landowners which is a core part of the game. The alpha release would be used by the developers to gather feedback and explore new features. 

1/ It’s here.
We’re thrilled to introduce the alpha release of Axie Infinity: Homeland, our flagship land-based experience!
Guide your axies as they harvest, craft, battle, and build their way towards a stronger, more beautiful homeland.
| https://t.co/EF7HcUeptS pic.twitter.com/C8VUvDgFE2
— Axie Infinity | #AxieOrigins, #AxieHomeland (@AxieInfinity) December 28, 2022

Being an alpha release, it is part of a bigger development timeline as detailed in another tweet. The current release has the basic features like idle battles, trading, and a leaderboard. 
The ecosystem will also release $63 million worth of AXS next Monday. It is to be seen how the market could react with Homeland’s release and the unlocking of such a huge amount of tokens in the long-term. 

1/ It’s here.
We’re thrilled to introduce the alpha release of Axie Infinity: Homeland, our flagship land-based experience!
Guide your axies as they harvest, craft, battle, and build their way towards a stronger, more beautiful homeland.
| https://t.co/EF7HcUeptS pic.twitter.com/C8VUvDgFE2
— Axie Infinity | #AxieOrigins, #AxieHomeland (@AxieInfinity) December 28, 2022

At $11.90, What’s In Store For AXS? 
At its current price, AXS bulls are trying to consolidate above the token’s $11.95 support which, if successful, would enable AXS to have enough momentum to break through the $12.30 resistance. 
But with the release of a large amount of AXS tokens next week, we might see the token break through above $12.30 and consolidate there. 

This release of tokens, however, could spark a sell-off which might bring the price of AXS to revert to $11.10 support. Homeland’s clear development timeline could give investors confidence on where the game is heading. 
The dip in price that will occur as more tokens are available could also be an opportunity for investors and traders to get in on AXS at a discount.



The token’s price movement in the coming days will be marked with short to medium term volatility with a slight possibility of a sell-off once the tokens are released. 
However, on-chain developments should be able to weather the slightly bearish outlook in the short to medium term. 
Investors and traders should then monitor how the token may react as unlocked tokens hit the market. AXS bulls could also watch Bitcoin’s price movement as it could also have an effect on the token’s future price movement. 
Featured image by Fiverr


Axie Infinity has been almost chocked to extinction by 2022’s bear market. During that same year, interest in NFTs declined, hitting Axie Infinity hard. According to CoinGecko, the token has been experiencing growth in almost all time frames with the biggest being the bi-weekly time frame with an...

bitcoinist.com

Axie Infinity Tallies 48% Rally – Are Gamers Flocking Back To The Digital Pet Community?

An Ethereum (ETH)-based gaming altcoin surged this weekend ahead of a large token unlocking event, defying conventional trading wisdom.
Axie Infinity (AXS) rallied from trading around $9.20 on Saturday to a high of $13.84 on Sunday, a more than 50% increase.

AXS, the 41st-ranked crypto asset by market cap, has since partially retraced and is trading at $12.18 at time of writing.
The price jump happened in advance of a roughly 4.8 million AXS token unlocking event that happened on Monday, according to the tokenomics data website TokenUnlocks. The unlocking event represented 1.812% of the asset’s total supply and was worth more than $60 million at current prices.
The recent price action of AXS flies in the face of conventional wisdom about token unlocks, which give investors opportunities to sell digital assets after vesting periods expire. Traditionally, token unlocks are viewed as bearish catalysts.
Axie Infinity’s next token-unlocking event will occur on April 17th. The unlock will represent 1.45% of the asset’s total supply (worth nearly $50 million at time of writing), according to TokenUnlocks.
AXS is up more than 100% since the start of 2023 when it was trading around $6.00. Despite its price surge this month, the token still remains over 92% down from its all-time high of $164.90, which it hit in November 2021.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Ethereum-Based Gaming Altcoin Suddenly Erupts Ahead of $60,000,000 Token Unlock appeared first on The Daily Hodl.


An Ethereum (ETH)-based gaming altcoin surged this weekend ahead of a large token unlocking event, defying conventional trading wisdom. Axie Infinity (AXS) rallied from trading around $9.20 on Saturday to a high of $13.84 on Sunday, a more than 50% increase. AXS, the 41st-ranked crypto asset by m...

Ethereum-Based Gaming Altcoin Suddenly Erupts Ahead of $60,000,000 Token Unlock

The GameFi industry has been hit hard during the 2022 crypto winter which wiped billions off the crypto market. Axie Infinity is one of the projects that were pummeled to the ground. According to a July 2022 report by CheersLand, the native token of Axie Infinity, AXS, has lost 91% of its value in the third quarter of last year. 
But with the reinvigorated crypto sentiment in the market, AXS has seen growth since the start of the year. According to CoinGecko, the token is up 43% in the past 24 hours with the biggest gain being made in the bi-weekly time frame. 
Despite negative developments on-chain, this rise in price might be a sign of revival for Axie Infinity. 

Player Count Continues Downward Spiral 
A game needs active players to sustain itself for a long time and Axie Infinity has been struggling to retain its player base. According to activeplayer.io, the game has been seeing a continuous decline in its fan base. 
Since hitting an all-time-high back in January of 2022, the fear, uncertainty, and doubt surrounding the crypto market has clawed through the number of players. The biggest drop in the player base, however, was back in June 2022 when the game lost 1.2 million players in the span of a month. 

Right now, the game is near its November 2020 lows which is a pretty bad look for one of the biggest play-to-earn games in the market. 
AXS Price Climbing – Can it Sustain This Momentum? 
Player base-wise, Axie’s situation is not looking great. However, Axie Infinity’s NFTs are still some of the most traded NFTs in the open market, surpassing big names like Bored Ape Yacht Club and CryptoPunks. 

Axie Infinity still largest traded NFT collection. People are underestimating how big gaming collections will be. pic.twitter.com/0O1z8BYzR8
— Loopify  (@Loopifyyy) January 14, 2023

This had a profound effect on AXS as the token broke through its $12.23 resistance, gaining ground on its September 2022 level. As of writing, January 23rd, AXS bulls are targeting the $13.20 resistance.
For this to happen, the token must close today above $13.20 and consolidate at this level. However, if the token faces rejection at this level, investors and traders can rely on $12.23 for support in the next few weeks. 



But with the broader crypto market continuing to rally, AXS could ride the bullish wave to possibly target the $15 resistance in the next few months. This improving metric might also pull returning players or new players towards the game, further adding on to the bullishness. 
For now, investors and traders can confidently hold AXS in the short to medium term as gains are still to be made. 
Featured image by Manila Bulletin


The GameFi industry has been hit hard during the 2022 crypto winter which wiped billions off the crypto market. Axie Infinity is one of the projects that were pummeled to the ground. According to a July 2022 report by CheersLand, the native token of Axie Infinity, AXS, has lost 91% of its value i...

Axie Infinity AXS Token Soars 45% Despite Drop In Player Numbers

AXS price has formed a "gravestone" doji on its daily chart that coupled with its recent token unlock event hint at a potential bearish reversal ahead. 

Axie Infinity price	$12.18
Low - High 24H	$11.39 - $12.34
Market cap	$1.40B
Volume 24H	$207.46M
All time high	$164.90 -92.61% November 6th 2021
All time low	$0.123718 9746.60% November 6th 2020
Genesis date	N/A

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