Axie Infinity price prediction remains bullish, especially above the $10.15 level, extended by a 61.8% Fibonacci retracement.
Axie Infinity made a strong comeback the day before, gaining over 20% before giving up half the gains to trade at $10.58 today.
Axie Infinity – Things You Should Know
In 2021, play-to-earn (P2E) games became widely popular because of the proliferation of blockchain-based gaming platforms like Axie Infinity (AXS).
According to the developers, Axie infinite was inspired by games like Pokemon and the Japanese portable digital pet Tamagotchi. It employs non-fungible tokens (NFTs) to represent unique species, special abilities, and individual plots of land.
According to CoinMarketCap, the AXS token on the P2E platform hit an all-time high of $165.37 on November 6, 2021, during the P2E bubble of that year.
AXS hit a 52-week low of $8.21 on October 24 due to widespread pessimism across the market. However, it’s making a comeback now and trades near $10.50; however, the fundamental side is likely to keep the uptrend limited.
62% of Axie Infinity NFT Players Leave after One Year
Axie Infinity (AXS), a popular blockchain-based online video game, has reported a significant drop in player activity over the past few months. This game’s popularity has dropped below the level reported for January 2021, with an average of 701,000 unique players for the past 30 days.
The game based on non-fungible tokens (NFTs) saw a 62% decline in monthly unique users, from 1.955 million in September 2022 to 739,000 in September 2021. New data shows that the ongoing bear market in cryptocurrencies has had a significant effect on the game.
According to information compiled by Activeplayer.io, a gaming industry website, as of January 30, 2021–2022, Axie Infinity has approximately 850,000 average monthly players.
This rose 21.3% from the number reported on September 30, 2022.
Axie Infinity Price Prediction – 50% Fibonacci Retracement to Trigger Uptrend
On the technical front, AXS has completed a 50% Fibonacci retracement at $10.15, and closing candles above this level indicate the possibility of a bullish reversal.
On the upside, AXS may encounter immediate resistance at $11.08, and a break above this level could push the price up to $11.80. The MACD and RSI indicators are also in the positive territory.
On the downside, a bearish breakout of the $10.15 level could expose AXS to a drop to $9.75.
In addition to Axie Infinity, Dash 2 Trade and Calvaria are viable alternatives that should be included in your portfolio.
Dash 2 Trade (D2T)
The D2T presale stage 2 has already sold out, raising $5.16 million in just over two weeks. Dash 2 Trade is a concept developed by the enormously popular trading signal firm Learn 2 Trade that will be launched in the second half of 2022. The platform’s goal is to provide market-driven insights to assist investors in making informed decisions.
D2T offers trading signals, social analytics, and even market sentiment analysis to enhance the trading experience. According to the development team, Dash 2 Trade aspires to be the Bloomberg trading terminal for cryptocurrencies. The platform also has automation and backtesting capabilities for automating trading processes and optimizing all trading methods.
Dash 2 Trade includes a notification service that alerts investors to all new coin listings on centralized exchanges, giving them access to information that was previously only available to elite investors.
With so much potential, it’s no surprise that D2T presale numbers have been phenomenal. So far, the digital currency has raised more than $5.2 million ($5,291,005).
Calvaria, a new crypto gaming project, is set to take the industry by storm and become one of the top play-to-earn games on the market. Axie Infinity previously held that title, but the game has had a terrible 2022 since its late 2021 peak, not least because of the $600 million Ronin Network attack in March.
Calvaria developers have discovered two key impediments to the widespread adoption of Web3 gaming. While investors have recognized the promise of Web3 games, the player base has not. Calvaria continues to sprint through its presale, which is already at stage 4 of 10 and rapidly approaching the $1.5 million threshold.
With the price of the native RIA token increasing significantly at each presale stage, investors are moving quickly to invest in the rapidly growing GameFi project.
Tokens in stage 4 cost $0.025 each, but at stage 5, the price rises to $0.03, and by stage 10, tokens cost $0.055.
Originally posted 2022-11-06 17:28:11.