Axie Infinity is now deflationary! Building up $AXS Treasury Rev from nightmare evolution 11,839 AXS. Burn ๐ฅ๐ฅ๐ฅ. Pump target 50 $ ๐๐๐ #AXS LFG
#AXS๐ฅ๐ฅ๐ฅ $AXS Introduction AXS (Axie Infinity Shards) has been gaining significant momentum in recent weeks, sparking optimism among traders and investors. With a history of reaching $165 during the 2021 bull market, the token shows potential for recovery, especially with recent market developments and strategic efforts by its founding team. Hereโs a breakdown of the key reasons why AXS could hit $80 in the near term and potentially $100 by the end of December.
1. Strategic Leadership and Marketing Push Trung Nguyen, the CEO of Sky Mavis and co-founder of Axie Infinity, has recently signaled a renewed focus on aggressive marketing and ecosystem expansion. His goal is to restore Axie Infinity's dominance in the crypto gaming space. Marketing campaigns and partnerships could drive user adoption and increase demand for AXS, which is essential for price appreciation. Historically, similar marketing-driven projects have seen significant price jumps when strategic investments were implemented.
2. Axie Infinityโs Ecosystem and Growing Utility Axie Infinity remains one of the most recognized blockchain-based gaming ecosystems, boasting millions of users at its peak. The continued development of the platform, introduction of new features, and potential integration with broader GameFi platforms are expected to drive growth. The utility of AXS for governance, staking, and in-game transactions ensures its central role in the ecosystem, creating consistent demand.
3. Market Sentiment and Current Trends The broader cryptocurrency market has recently shown signs of recovery, with Bitcoin stabilizing above key levels. Altcoins like AXS tend to follow BTC's trajectory, and bullish sentiment in the market often lifts gaming and metaverse tokens significantly. AXS has also shown strong support around its current price levels, indicating a potential base for further growth.
4. Historical Performance and Potential for Recovery In 2021, AXS surged to an all-time high of $165, driven by massive user adoption and the GameFi boom. While the market has since cooled, AXSโs price movements suggest a pattern of consolidation and preparation for a breakout. A move to $80 would represent a partial recovery to previous highs, which is feasible given the current technical structure and increasing market interest in GameFi projects.
5. Technical Analysis and Price Target From a technical perspective, AXS has recently broken key resistance levels, suggesting a continuation of its upward trend. If the token maintains its current trajectory and trading volume increases, $80 becomes a realistic short-term target. The psychological level of $100 could be tested by late December, driven by retail and institutional interest.
Resistance levels: $50, $70, $80 Support levels: $30, $40 A breakout above $80 could set the stage for a larger rally as traders eye the next major milestone of $100.
Conclusion AXS is at a critical juncture with strong potential to regain its previous highs. Trung Nguyenโs focus on revitalizing Axie Infinity through marketing and development, combined with favorable market conditions and growing demand for gaming-related tokens, positions AXS as a top altcoin to watch. While no investment is without risk, AXS's fundamentals, market position, and technical outlook suggest that reaching $80โand possibly $100โis well within reach.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before investing.
$xrp will surge atleast 2$-4$ by the end of the year. All Time High for #xrp $XRP .. epic comeback for the token this 2024, and may run up to 5x-10x by 2025.
Meanwhile $AXS target for 2024 is 10$- 14$ bull. , might have 3x-5x if bull continuous by 2025 $AXS
Axie Infinity Community Proposes Hard Fork Upgrade for Axie & Land Smart Contracts
According to Odaily, the Axie Infinity community has proposed a new initiative to upgrade Axie & Land smart contracts through a hard fork. The proposal highlights that Axie asset holders often request a safer way to delegate Axie assets to minimize the risk to asset owners. After reviewing various smart contract methods in the crypto community, REP-015 was developed. However, implementing REP-015 requires a fundamental upgrade to the Axie smart contracts.
The Axie community convened a technical expert committee, including members Owl of Moistness, Maxbrand99, freak, Duke, and dw. They analyzed all available methods to upgrade the contract, aiming to deliver these features to users while minimizing risk. The committee unanimously recommended a hard fork on Ronin and direct contract modification. This action will include two upgrades: REP-015, to achieve stronger delegation features, and ERC1967, to avoid future hard forks when upgrading smart contracts in the future.
Whe ETH ETF gets approve this May 2024., This is the last time you will see $AXS like this. Study fundamentals and follow me for more update guys. $ETH
New York Times Tacled Axie Infinity greatest come back .. This is bullish to all Web3 Gaming most especially #AXS $AXS $SLP $RONIN #pixel #gala .. Prices are on sale now, buy and hold before its too late ๐๐๐
Worried with the dump? No worries! Thatโs the power of staking. And the real bullrun begins ๐๐๐. $AXS $SLP $RONIN .. on sale now, buy before its too late