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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Axie Infinity Drops 4.7% In Last 24 Hours As AXS Struggles In The Red Zone

Christian Encila
Christian Encila
2 years ago
3 mins read
Axie Infinity

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Axie Infinity trading volume seen to have capsized by over 2% in the past few days.

  • Price drops 4.7% in the past 24 hours
  • AXS value set to jump in price when full version of Axie Infinity game rolls out in 2023
  • Price down 0.87% or trading at $16.97 as of press time

AXS price has fallen 4.7% in the last 24 hours or is trading at $17.25. This gives traders an idea of how the week’s AXS price trend will go. It continued to hover in the negative area or red zone since the past week wherein it registered a detrimental loss of 7%.

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Axie Infinity Trading Volume Down By 2%

On the daily chart, Axie Infinity’s trading volume is seen to have capsized by over 2% in the past few days. On the other hand, AXS circulation has jumped by 0.6%. The total circulating supply is now capped at 89.83 million. To date, Axie Infinity ranks as the 44th largest crypto in terms of market cap at $1.54 billion.

According to CoinMarketCap, AXS’s price is down by 0.87% or trading at $16.97 as of press time.

Axie Infinity is an exciting play-to-earn blockchain gaming platform that has enabled multiple game modes used to collect, train, and battle Axies.

Additionally, players can explore other opportunities to earn by joining weekly tournaments and contests on the platform. Axie Infinity players use AXS to trade, buy, and sell game characters called Axies.

Despite the bearish trend, analysts are optimistic that AXS price will increase once Axie Infinity launches its full version at the end of the year. As Ethereum backs the platform, this makes a lucrative investment despite the bearish market.

Axie Transitioning To Origin Phase 3

In other news, Axie Infinity will be making a transition to Origin Phase 3 with a milestone moment for the reveal as the next phase boasts of epic gameplay and updates. The new game mode makes the transmission from Classic to Origin.

An update on August 11 revealed that Axie Infinity is trying to enhance its rewards structure and scraping off SLP from its basic gameplay.

Axie has made over $4.24 billion in total sales to date. Associates of Axie have recently acquired a large pie of ownership of the Fire-Tier versions of Trilogy or the 2021 BIG3 defending champions.

This recent acquisition in April 2022 is one pivotal part of the BIG3 FEAT new ownership model. Snoop Dogg, Gary Vaynerchuk, DeGods, VeeFriends, MyDoge/DogeCoin, Bill Lee, Ken Howery, and Krause House are some popular owners of the BIG3 FEAT.

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Dogecoin Jumps 15% In 24 Hours As DOGE Overcomes Critical Level

2 years ago

AXS total market cap at $1.4 billion on the daily chart | Source: TradingView.com

Featured image from Bitcoin.com, Chart from TradingView.com
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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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