🥶 Axie Infinity (AXS): Is GameFi Rising Again or Is It a False Start?
Market capitalization: $218M.
Axie Infinity isn't just a game with cute creatures – it's a full-fledged play-to-earn ecosystem where players earn cryptocurrency by battling and breeding their Axies.
🟡 AXS is the governance token that gives holders voting rights in the project's development.
What's happening now❔
🗣On January 7, the Axie Infinity team disabled SLP rewards in the Origins game mode. The goal – to wipe out the bot army that was farming tokens and pushing the price down. It's like kicking freeloaders out of a banquet – more food for the remaining guests.
🗣The results came quickly: AXS surged 33-45% in recent days, with trading volume jumping over 190%. Traders are actively opening long positions – AXS claimed the top spot in long intensity rankings.
🗣But the main intrigue lies ahead: co-founder Jeffrey Zirlin stated that the team was "too conservative" in 2025, and they're ready to take "big risks" in 2026. On the horizon – open beta testing of Atia's Legacy and the transition to Ronin Layer 2.
Trade Guidelines:📈📉
📈 Holding above $1.150 – opens the path to $1.35.
📉 Drop below $1.10 – risk of pullback to $0.97.
Conclusion:
The GameFi sector is showing signs of life. AXS could be interesting for those who believe in the revival of blockchain gaming, but be prepared for volatility – it's crypto, after all.
📈 Open trade with $AXS
🔗 Chat • X • JioCoinsX