Crypto Banter
  • ABOUT
  • CRYPTO SCHOOL
  • LIVE STREAMS
Chart of the day

Chart of the day:  Axie Infinity Shards (AXS) – Daily chart

Today we look at Axie Infinity Shards (AXS). AXS is the governance token for the NFT-based, Axie Infinity game.

Sheldon The Sniper by Sheldon The Sniper
February 17, 2022
in Signals & Trades
Share on TwitterWhatsappShare on Facebook

Using CoinPanel is the same as having Sheldon the Sniper in your back pocket, all day, every day. Learn how to use these tools in an easy way, or even just copy and paste Sheldon’s techniques with a few clicks of a button!

Use the link below to sign up today and stand a chance to win in our giveaways!

LINK HERE: https://app.coinpanel.com/chartmirroring?ref=cryptobanter

Today we look at Axie Infinity Shards (AXS). AXS is the governance token for the NFT-based, Axie Infinity game. Token holders will be able to shape and vote for the direction of the game universe. This is unlike traditional games, where all decisions are made by the game developers. AXS holders will be able to stake their tokens to earn more AXS, and even vote on governance proposals. 

Axie Infinity is a very popular blockchain game that was inspired by the immensely successful Pokemon game series. It features an open-ended, massively flexible gameplay that allows players to collect different digital pets known as Axies, which can be raised, battled and traded throughout the ever-expanding Axie ecosystem.

As of August 2021, Axie Infinity is currently the number one Ethereum-based gaming DApp by weekly on-chain volume. It is also one of the top three most popular gaming DApps by user counts – with over 100,000 unique weekly users. Many people also agree that Axie is the most popular blockchain game of 2021.

The platform is designed to provide a fun, accessible and educational way to gain exposure to the capabilities of blockchain technology. It has already been successful in executing this vision, as Axie Infinity is now a prominent on-ramp to the blockchain industry in many developing countries. 

Axie Infinity has helped to define a new game genre, known as play-to-earn, since it allows users to earn an income in the form of AXS, SLP (Smooth Love Token) and various items just from playing the game. New players will need to either buy (or borrow) a minimum of three Axies to begin playing. Currently, the cheapest available Axies (referred to as the floor price on NFT marketplaces) cost somewhere between $70 – $250 a pop, whereas Axies with any sort of desirable properties, such as body parts, abilities, or skills, will likely cost significantly more.

AXS launched on the Binance exchange in November 2020, at a price of $0.10. Within twelve months, the price had reached a whopping $166.00. The price has retraced with the rest of the market over the last three months, coming down to a low of around $45.00 on January, 28th 2022. Over the last three weeks, we have seen the return of the bulls, and they have started to buy AXS again. The price has started to move up again, and is currently at $65.00. Our first targeted take profit area will be at the 0.618 Fibonacci (Fib) retracement from the November 2021 high to the January 2022 low. This is at around the $120 area, an almost 100% profit on this trade set up.

Gaming tokens are very hot at the moment, and we definitely see some more potential upside for the most popular gaming tokens, like AXS, in the next couple of weeks.

Tags: Axie Infinity (AXS)
Sheldon The Sniper

Sheldon The Sniper

Crypto Trader, TA Analyst,Educator: Daily Market updates & key educational tips No financial advice! I won’t ask for money.

  • Home
  • Live Stream
  • Community
  • Crypto School
  • Banter Bubbles
  • Banter Capital
  • Crypto Banter
  • Our Ethics
  • Work with Us
  • Terms of Service
  • Privacy Policy
© 2022 Crypto Banter.
All Rights Reserved.
Crypto School
Sniper Trading School

© 2022 Crypto Banter. All Rights Reserved.

  • Home
  • Live Stream
  • Community
  • Crypto School
  • Banter Bubbles
  • Banter Capital
  • Crypto Banter
  • Our Ethics
  • Work with Us
  • Terms Services
  • Privacy Policy

© 2022 Crypto Banter. All Rights Reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}