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Axieinfinity

AXS (Axie Infinity) Token Analysis 10/04/2021Fundamentals: Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies. These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique. Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace. The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent. Each Axie possesses six out of the hundreds of different potential body parts — each of which has its own battle move. This produces essentially endless variety among Axies, with most Axies having relatively weak statistics, while those with the strongest combination of body parts can have incredible stats. Unlike some other blockchain-based battling and breeding games, each Axie can only be bred a total of seven times to help control the population of Axies. Axie Infinity has its own mating hub to help players find a suitable match to breed their Axie with to stand the best chance at producing a rare or powerful offspring. It costs 0.005 ETH in addition to Small Love Potion (SLP) tokens to breed Axies. AXS token holders will soon be able to stake their tokens to receive regular rewards. But unlike some other stakeable assets, AXS holders will also need to vote and play to claim their rewards. The Axie Infinity (AXS) token is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism. In early 2021, Axie Infinity plans to migrate its NFT tokens, including Axies, Land and other in-game item tokens from the Loom Network to a custom-built sidechain on Ethereum known as Ronin. Ronin is an application-specific sidechain built just for Axie Infinity. It is being developed by Sky Mavis — the development firm behind the Axie Infinity game, and is designed to support almost instant transaction confirmations, reduced gas fees and be capable of helping Axie Infinity scale. Axie Infinity was created in 2018 by Sky Mavis — a technology-focused game developer with a team primarily based in Vietnam. It was co-founded by Trung Nguyen and Aleksander Larsen. Trung Nguyen is the current CEO of the platform. Nguyen graduated with a BS in computer software engineering, and worked as a software engineer at Anduin Transactions prior to founding Axie Infinity. Former competitive gamer Aleksander Larsen is also credited as a co-founder and COO of the platform. Larsen has been working in blockchain gaming since 2017. He previously worked as the executive security officer for the Norwegian Government Security Organization and still sits as Secretary of the Board of Directors at the Blockchain Game Alliance. In total, the Axie Infinity team consists of 25 full-time employees — many of whom have experience with game development. Axie Infinity (AXS) tokens have a total supply of 270 million tokens. Out of this, around 53.5 million tokens were in circulation as of mid-November 2020. In total, 11% of the total supply was allocated to participants in the Binance Launchpad IEO sale and 4% was sold in a private sale. In addition to this, 29% is allocated for staking rewards, 20% to the play to earn pool, 21% to the team, 7% to advisors and 8% to the ecosystem fund. Based on the current release schedule, as indicated by Binance Research, 100% of AXS tokens will be circulating by early 2026. The live Axie Infinity price today is $8.01 USD with a 24-hour trading volume of $114,628,092 USD. Axie Infinity is up 4.00% in the last 24 hours. The current CoinMarketCap ranking is #233, with a live market cap of $346,569,629 USD. It has a circulating supply of 43,253,284 AXS coins and a max. supply of 270,000,000 AXS coins. The top exchanges for trading in Axie Infinity are currently Binance, Upbit, Huobi Global, FTX, and ZT. As of mid-November 2020, Axie Infinity (AXS) is only available to trade on a single exchange platform: Binance. It is listed with four trading pairs: AXS/USDT, AXS/BTC, AXS/BUSD and AXS/BNB. Though there are no direct fiat purchase options for AXS, see our guide to purchasing Bitcoin (BTC) with fiat — which can then be exchanged to AXS on supported exchanges. Technical Analysis: As we can see the price has done its accumulation phase and currently completing its impulsive cycles. as we can see we have defined the Fibonacci Golden zone where it has lots of confluences with the past distribution zones and it can be a good zone for the reaccumulating phase of the new impulsive wave. we have defined 3 Targets by Fibonacci Projection, where as the 2 TP gets its confirmation as soon as the price triggers the 1 Target followed by some price consolidation and correction.
Long
by BitonGroup
16
WHAT NEXT AFTER ETN TOOL 42K - REALISTIC BTC Trend update Hello trading friends, I hope you have a great day. Since the last ETN update - the target hit on 42K trend, but what next? See here before trend: ETN tool expectations are in a most time long term trend, but it's not a must that it should take direct action, and the last happened. Before predicting the next trend out of ETN depending on the market study, we should know where we are, we are at the new year trend with starting with a bearish trend on Bitcoin. Data Depending on data it shows it's only interesting to check BTC long from the 44400+ with the confirmation trend line before that price action it's not interesting to see BTC for a long trend depending on this data study. News trends Know that news trends made in most time also to panic the price action, when you hear there is news, and we are going to breakdown or to increase - this can be in reality the other side. whales playing games, and this could affect price action most time. you have teams that even count people emotionally trends, where users can sell and buy, and how they can affect in the best way for users to make a choice depending on market play. one of the reasons that most whales never buy or sell on full numbers. Bitcoin cycle 2022 We are at the start of 2022, its important to see how the price action effect the first month of the year to take good actions for long-term trends. Building a strategy that works in the long term, is one of the best ways to trade the markets, and your strategy should be based also on backtesting. Have a great day # This is not a trading market call, study always the trend well before entering any order, know that markets are very risky on any side. and trading long term without risk management will end in loss . And if you like the content, support the channel by a like and follow - Thank you 😃
by watchtrend
2
🆓Axie Infinity (AXS) Jan-04 #AXS $AXS AXS is testing the 90$ zone and with the weak selling force like this we could expect a rally from here. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 90$ zone 🔴Buy : 90 🔴Sell : 110 - 130 - 150 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 90$ zone 🔵Sell : 90 🔵Buy : 80 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
1
Never invest hard earned money based on social media influencersThese days there are a lot of social media influencers, to be honest most of them do not know about the Crypto fundamentals and what is the tech behind this and how things work in the long time. For an example, If an influencer says to buy and hold SLP token from Axie Infinity for long term, you need to instantly block them, because they do not even know the different types of token and are just misleading people. In this case, SLP is a utility/commodity token with infinite supply, as the number of players increases, more SLP will be minted hence price will go down, given that this game has no good burn mechanism. Such influnecers will come up with a drawing of new trend lines every day, and say the coin is in downtrends, but these trend lines have no impact on utility/commodity tokens. They depend upon the tokenomics. What I want to say is -- Never trust blindly any Social Media Influencer for your hard earned money! Always have curiosity to learn more and develop a trading system that works for you best. Give this new year a new start!
Education
by amit034
14
AXS/USDT ChartHi, I try to post often so if you could follow, like and comment your thoughts it would mean a lot to me. AXS is a great investment and is looking very interesting right now. In the short term a long seems the play to me because the coin didn't brokedown the 90$ support and is going to retest the 108$ resistance. The RSI on the daily chart is looking good and the RSI on the 4H is bullish. However if we saw a BTC drop we might have a retracement to the 90$ support again. Right now the long seems the move for me but if we have a strong red candle in the 86$-90$ a short is surely the right move. For me this might be the time to long/short it instead of just buying a lot due the fact that we don't have the confirmation that we entered a bear market (BTC will decide that and when that happens I wil post it), so in my opinion a short term trade is the move now. Coins like AXS and FTM are investments that I think will have great potential on the near future because their ecossystem is always expanding (e.g. AXS announced a DEX that when launched can bring great value to the coin). Comment what you think.
by Devan-CryptoCharts
2
AXS/USDT - Potential 78% SetupHello Traders! AXS continues within the uptrend. The asset made a correction to the level of 0.618 by Fibonacci and found support near the price level of $92.50 To reduce the risk in case of a pullback, it is better to split the entry into two parts: $100,00 - $104,50 $82,50 - $88,00 Stop-loss shall be placed under the price of $69.00 The targets would be levels of $150,00 and $165,00 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Long
by UnknownUnicorn10064030
1
SLP Now or never - Time is running out, RSI strong divergence 🚀RSI chart on the one-day interval shows a very large divergence. Energy is building up fast Axie promises to release new gameplay of V2/3 game. It hangs a lot in air and coin is ridiculously cheap and has a lot to do. Jiho knows that community is suffering and it is huge. Realize that they have to do something about token price otherwise they may crash. Team AXIE is working and that is most important thing. I think patience will be rewarded even for most losing ones who obviously did not sell their tokens in bear market. Good Luck
by potas58
5
AXS - Do not miss itIf AXS could maintain its trend line and support during the bitcoin fall, it will be Bullish and the first target is $118 (then $140) Due to the last few candles in 2D timeframe and The RSI positive divergence, That bullish scenario has a good chance Anyway, so far AXS has climbed a lot and Bitcoin isn't stable and may drop to 42K. It's better to consider these points (before buying) Dear Friends, It would be nice to show your support by liking and maybe posting your comment Good Time
Long
by CryptoSideway
1
MY MINIMALIST CHART ANALYSIS FOR AXIE INFINITY $AXS 12.02.21 0811H +8 SINGAPORE Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. ALERT: LOOKING FOR BEST fo a SWING TRADE. We are now looking at a NEW ENTRY POINT. Wherein the market has contracted significantly. VITAL SIGNS: RSI, STOCH, and VOLUME are all looking good. We are waiting for accumulation and distribution and then the COILING of THE MARKET. The previous SWING ended pretty well with amazing profitability. The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, together as predicting certain major FIB Levels. Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb this NEW SWING. Happy Trading Everyone! INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you. Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER. It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. TARGET ZONE IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.) At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY). DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology. NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time, depending on the dynamics of the market. Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work. Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge. Vive Le Autist! Vive Le Egalitarian!
COINBASE:AXSUSDLong
by The_Crypto_Samurai
2
Is is time to BUY AXIE?Hey guys, this is Julie =D Let's take a look on Axie Infinity today? First let's talk about the weekly chart - On the weekly chart, Axie is in a clear Bull Trend, it has made nice higher highs and higher lows, and now it is at a very good level: the price has just corrected to the 21 EMA, which is the same price it was in August (purple line), making a good resistance level. (I would put the weekly chart image here, but I can't, sorry) We don't have a confirmation yet, but it would be a great time to buy Axie, I would just wait for something like a Bullish Pivot on the daily chart. Daily chart: Have you noticed that Axie sometimes makes this rectangle and then blows up? I think this might be the case again. Some people may also see a head and shoulders pattern in this last rectangle, but I think it is too big to be that. Also, Axie has done this before and it wasn't triggered, so I don't believe it is a head and shoulders pattern. It also has this resistance (orange line) holding Axie at this level. I'm out of Axie right now, but with a good confirmation, I would buy it. I would just wait to see if these resistance levels will not be lost. Thanks for reading my analysis 🥰 If you liked this ideia, remember to support me with your like and subscription! 😊👍 Have a great weekend!
FTX:AXSUSD
by Juliehodler
1