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A mass unlocking of Axie Infinity tokens is ahead. What will happen to the price of AXS?
Data on Axie Infinity (AXS). Source: CoinMarketCap
Tokens will be distributed as follows:
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Team (40%): AXS 6.08 million ($25.91 million)
Consultants (3.66%): 554,750 AXS ($2.36 million).
Player Rewards (22%): AXS 3.38 million ($14.38 million).
Ecosystem Fund (11%): AXS 1.69 million ($7.19 million).
Staking rewards (23%): AXS 3.43 million ($14.59 million).
The Axie Infinity token (AXS) will be unlocked on October 20th. Source: token.unlocks.app
It is important to note that on the evening of October 14, the order book for the highest volume pair AXS/USDT on Binance had approximately 163,266 orders to buy AXS at prices ranging from $4.2 to $2.5 per Axie Infinity token.
This means that if only 1% of the unlocked amount on October 20 is sold in a single order on Binance for USDT, the order book will be destroyed, causing the price of AXS to reach $2.5. Of course, this is an unlikely scenario, which only emphasizes the significance of the upcoming event.
Data on Axie Infinity (AXS). Source: CoinMarketCap
Tokens will be distributed as follows:
Download the app
Join millions of people who stay on top of the market with Investing.com
Download
Team (40%): AXS 6.08 million ($25.91 million)
Consultants (3.66%): 554,750 AXS ($2.36 million).
Player Rewards (22%): AXS 3.38 million ($14.38 million).
Ecosystem Fund (11%): AXS 1.69 million ($7.19 million).
Staking rewards (23%): AXS 3.43 million ($14.59 million).
The Axie Infinity token (AXS) will be unlocked on October 20th. Source: token.unlocks.app
It is important to note that on the evening of October 14, the order book for the highest volume pair AXS/USDT on Binance had approximately 163,266 orders to buy AXS at prices ranging from $4.2 to $2.5 per Axie Infinity token.
This means that if only 1% of the unlocked amount on October 20 is sold in a single order on Binance for USDT, the order book will be destroyed, causing the price of AXS to reach $2.5. Of course, this is an unlikely scenario, which only emphasizes the significance of the upcoming event.
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Problems of Binance in the UK, departure of Bitstamp from Canada and other events in the crypto industry
FCA Restricts Binance UK Partner The UK Financial Conduct Authority (FCA) has ordered Rebuilding Society to restrict the conduct of financial promotions on behalf of unauthorized crypto asset service providers. The firm's partner is Binance UK. The regulator ordered the company to stop promoting financial services and inform customers that it cannot approve content from unauthorized individuals or organizations. The move comes days after Binance UK notified it had âreceived FCA clearanceâ through its collaboration with the Rebuilding Society. On October 8, the UK's new cryptocurrency advertising regime proposed by the FCA began to take effect. These are in addition to the recently passed Financial Services and Markets Act, which regulates the industry in the country. On October 9, Binance made copy trading available on its website and app. The trader whose strategy is copied will receive 10% of the profits and 10% of commissions from each user. The statistics provide information on return on investment (PnL), losses (MDD), and the amount of funds raised from other users (AUM). Users also have access to information about transactions, both current and closed.
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DataDash CEO Nicholas Merten expressed the opinion that Bitcoin could return to the level of $15,000-$17,000 if the US economy goes into recession.
âThe short-term recession will be a little nasty. However, this would be a very favorable scenario. We may hit a double bottom in most assets,â Merten said.
$BTC #ĐœĐŸĐČĐŸŃŃĐž
âThe short-term recession will be a little nasty. However, this would be a very favorable scenario. We may hit a double bottom in most assets,â Merten said.
$BTC #ĐœĐŸĐČĐŸŃŃĐž
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Solana price chart for the year. Source: CoinGecko
Despite the overall significant influx of crypto products, the dynamics of the main crypto investment products was more restrained. US Ethereum futures exchange-traded funds (ETFs), which began trading on October 2, raised about $10 million in the first week, which CoinShares called a lack of apparent interest.
In addition to the asset analysis, CoinShares also reported that 90% of all cryptocurrency asset inflows came from Europe, while the US and Canada saw combined inflows of just $9 million.
Cryptocurrency flows to crypto exchanges by country. Source: CoinShares
Germany and Switzerland were the largest countries contributing to the increase in inflows, registering injections of $37.3 million and $31.3 million respectively. Together, the two countries accounted for 88% of all cryptocurrency asset inflows last week. $ETH $SOL
Despite the overall significant influx of crypto products, the dynamics of the main crypto investment products was more restrained. US Ethereum futures exchange-traded funds (ETFs), which began trading on October 2, raised about $10 million in the first week, which CoinShares called a lack of apparent interest.
In addition to the asset analysis, CoinShares also reported that 90% of all cryptocurrency asset inflows came from Europe, while the US and Canada saw combined inflows of just $9 million.
Cryptocurrency flows to crypto exchanges by country. Source: CoinShares
Germany and Switzerland were the largest countries contributing to the increase in inflows, registering injections of $37.3 million and $31.3 million respectively. Together, the two countries accounted for 88% of all cryptocurrency asset inflows last week. $ETH $SOL
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Santiment noted that altcoins will move in different directions in the near future. In addition, they noted the growing receipts of Fetch.ai (FET), Loopring (LRC), Ren (REN) and Virtua (TVK) on exchange platforms.
The firm's analysts believe that such developments typically imply an increased likelihood of future volatility. In the case of REN, 38.7% of the token supply is currently on exchanges.
If we talk about the LRC and FET cryptocurrencies, then 27.8% and 18.6% of their emission are on crypto exchanges, for TVK this figure is 67.7%. $LRC $FET $TVK #REN #LRC #FET #TVK
The firm's analysts believe that such developments typically imply an increased likelihood of future volatility. In the case of REN, 38.7% of the token supply is currently on exchanges.
If we talk about the LRC and FET cryptocurrencies, then 27.8% and 18.6% of their emission are on crypto exchanges, for TVK this figure is 67.7%. $LRC $FET $TVK #REN #LRC #FET #TVK
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Top 3 cryptocurrencies by technology:
1. Ethereum (ETH)
Ethereum ranks 1st with an âAâ rating. He brought smart contracts and DApps to the world of cryptocurrencies.
Ethereum is set to move to Ethereum 2.0, which will use Sharding technology to solve the scalability issues that have plagued Ethereum, especially during 2017 when large numbers of users clogged the network with transactions.
2. Stellar (XLM)
Stellar ranks 2nd with a "B+" rating. Stellar is a cross between Ethereum and Ripple in terms of technology.
Stellar can be used to create DApps, issue smart contracts, and create new Eth-like tokens with a transaction time of 2 seconds and less transaction costs. This attracted developers who were concerned about Ethereums scalability issues. One example is Mobius, which decided to use an ICO on the Stellar network instead of Ethereum.
3. Cardano (ADA)
Cardano is a blockchain platform that is still in its early stages, but all developments have been vetted by a global team of scientists.
$ETH $XLM $ADA
1. Ethereum (ETH)
Ethereum ranks 1st with an âAâ rating. He brought smart contracts and DApps to the world of cryptocurrencies.
Ethereum is set to move to Ethereum 2.0, which will use Sharding technology to solve the scalability issues that have plagued Ethereum, especially during 2017 when large numbers of users clogged the network with transactions.
2. Stellar (XLM)
Stellar ranks 2nd with a "B+" rating. Stellar is a cross between Ethereum and Ripple in terms of technology.
Stellar can be used to create DApps, issue smart contracts, and create new Eth-like tokens with a transaction time of 2 seconds and less transaction costs. This attracted developers who were concerned about Ethereums scalability issues. One example is Mobius, which decided to use an ICO on the Stellar network instead of Ethereum.
3. Cardano (ADA)
Cardano is a blockchain platform that is still in its early stages, but all developments have been vetted by a global team of scientists.
$ETH $XLM $ADA
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$DOT
Polkadot (DOT) Price Prediction 2026
We project DOT to go green in 2026. DOT is expected to reach and exceed its all-time high in 2026. In 2026, the virtual currency will be worth $18.34, with a minimum price of $16.31 and an average price of $17.12.
Does not constitute financial advice.
Polkadot (DOT) Price Prediction 2026
We project DOT to go green in 2026. DOT is expected to reach and exceed its all-time high in 2026. In 2026, the virtual currency will be worth $18.34, with a minimum price of $16.31 and an average price of $17.12.
Does not constitute financial advice.
