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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
AXSUSDT, We break midline of channelHello everybody We backed with one the amazing gameplay project that is working on crypto base and most popular of them According to the chart you can see the price from the begining is moved in upward channel and exactly impacted the the trendline of the channel. We shown on chart two arrow that is important one them is pullbacked to the midline of upward channel that is one of the acceptance that the price can drop more to reach to the below trendline of the channel and the other one is the key point that is most important because if the price break that support zone (green box) the trend of price change and its unlikely If you have any question, send us messages in private Good Luck Abtin
Short
by Abtin00
5
AXS Trade setup 📣Hello dear traders. I hope you are having a wonderful day. Today I want to share my thoughts on AXS. As you can see price has broken the triangle and is making a pullback. Buy zone and target are shown on the chart. Also put SL below 120$. 🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades. 🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders. Thank you guys for reading my idea on AXS and don`t forget to comment what you think. ✌
Long
by Existansilon
2
AXS/USDT 4 HOUR TRADE SETUP Welcome to this quick Update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures . I have tried my best to bring the best possible outcome in this chart . AXS/USDT broke out he triangle pattern and currently retesting it. Entry: CMP or buy more in dip upside the white trendline . Targets: 30% to 40% Stop Loss: broke and close downside the 21 MA What's your thought on this? Do hit the like button if you like this update and share your views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
AXS/USDT 4HOUR UPDATEWelcome to this quick AXS/USDT analysis. I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- AXS/USDT analysis is triangle ready and retest complate green zone fast by the dip. And AXS/USDT is fundamentals is strong is metaverse ! Entry:- cmp And green zone Traget:- 30% to 45% Stoploss:- $123 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my english it is not my native languages. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
4
🐦AXS symmetric triangle (continuation)AXS/USDT (2h) formed a symmetric triangle (continuation pattern). The price broke out of the formation and is testing the key level (129.9) and the orange trendline as support. If we see a bounce from here than it's super bullish. If not, the price will most likely dive deeper back down into the formation to find a support level. TP1: 134.21 TP2: 141.26 TP3: 145.48 TP4: 153.49 TP5: OPEN++ -- Note: Keep in mind that AXS is a native currency of Axie Infinity(p2e game), which makes it's price very vulnerable to any gameplay changes made by the dev team --
Long
by V0VOLAN
1