Axie Infinity Season 20 is Over. The prize pool to be distributed to players is 117, 676 AXS. Currently, the circulating supply is 77, 242, 770 (28.6%) of the total supply 270m. By the end of December 2022, the expected circulating supply will reach 151, 807, 500 AXS (56.23%) 2 times that of current on circulation. Just how much this would add to the value of Axie...
The AXS from ATH has dropped by 300%, compared to the ETH by 160%. With the current trend, it is now preparing for reversal following ETH.
Not Financial Advice (DYOR)
Ethereum is on bulish trend targeting new higher highs. Prior to the transition of ETH to POS and reduction of supply, we might expect an increase in buying pressure.
Not financial advice (DYOR).
