BTC is a factor, but AXS has been self supporting. HOWEVER, if BTC and ALTs take a nose dive, AXS will dip.
Next move - I suspect a small sharp rise/fall/rise/fall and more consolidation before once again rising fast (Subject to BTC activity).
BIG NEWS - in case you missed it, Axie Infinity achieved $1 billion One article "Ethereum-based NFT game Axie Infinity has hit a record $1.1 billion USD in sales, setting a new record for the highest-grossing NFT project ever. The game recently made headlines by helping rural Filipino communities weather unemployment during the pandemic through its play-to-earn model.
The active user base for Axie Infinity has grown exponentially from just over 108,000 daily active users in June to more than a million daily active users today. Data from DappRadar indicates sales of nearly $780 million in the last 30 days alone, with more than 1.4 million individual transactions."
AXS has a great future as a spot HODL and for futures long.
Not financial advice - DYOR
On a side note, check out IOTX - research the project and people involved. It's on Binance (if you don't have an account, use this referral accounts.binance.com/en/register?ref=KX1UGP4G ) So far, I have bought 80,000 coins and plan on getting more. I am 400% up and expect 10005 by September sometime.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.