{"id":61323,"date":"2023-09-15T08:31:46","date_gmt":"2023-09-15T12:31:46","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-axie-infinity-axs-price-suddenly-blasts-up-20-as-launchpad-project-secures-1-7-million-in-funding\/"},"modified":"2023-09-15T08:31:49","modified_gmt":"2023-09-15T12:31:49","slug":"is-it-too-late-to-buy-axie-infinity-axs-price-suddenly-blasts-up-20-as-launchpad-project-secures-1-7-million-in-funding","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=61323","title":{"rendered":"Is It Too Late to Buy Axie Infinity? AXS Price Suddenly Blasts Up 20% as Launchpad Project Secures $1.7 Million in Funding"},"content":{"rendered":"
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Axie Infinity (AXS) has blasted up +20% in a dramatic move, this comes following wider disarray in GameFi markets triggered by an unfolding legal battle between the co-founders of Gala Games.<\/p>\n

The impressive pump comes as Axie Infinity continues to be among the strongest performing GameFi projects in the space.<\/p>\n

Over the past 24 hours, there has been a +77% surge in unique active wallet addresses on Axie Infinity, with the sudden influx of ecosystem growth likely triggering the AXS pump – which was further fuelled by active deposits hitting a 3-month high.<\/p>\n

With Gala fading from the image, Axie Infinity is emerging as the leading GameFi project and this is reflected in the ecosystem now holding a shocking 80% market share in the Asian NFT market.<\/p>\n

This significant market slice is only rivalled by metaverse project Decentraland, which holds a 20% share, and with crypto adoption in Asia only expect to grow it seems this could be the significant source of growth in active wallet addresses.<\/p>\n

AXS Price Analysis: Is it Too Late to Buy Axie Infinity After +20% Pump?<\/strong><\/h2>\n

Amid the sudden upside move, Axie Infinity is currently trading at a market price of $4.76 (representing a 24-hour change of -0.42%).<\/p>\n

This comes as Yesterday’s +20% pump saw AXS surge to reclaim technical support above the descendant 20DMA – which has provided a cap stone of resistance above price action for more than 50 days since July 24.<\/p>\n

Now in consolidation atop the 20DMA, price action is attempting to stabilize below a local level of resistance at $5.70.<\/p>\n

A move to reclaim this historic price level would poise AXS for a run at the 200DMA which is currently sat around $6.73.<\/p>\n

With a strong bounce off lower trendline support afoot, the RSI has heated-up dramatically, surging to hit 51.17 as it flips to overbought – this could demand a period of consolidation, however, a collision course with the descendant upper trendline could trigger a breakout sink-or-swim moment.<\/p>\n

The MACD remains bullish, with stronger divergence to 0.06 after the impressive upside swing.<\/p>\n

Overall, with strengthening fundamentals as capital rotates out of GALA and into other GameFi projects, alongside positive technicals such as reclaimed support from the 20DMA and a bullish MACD – upside seems likely on the short-time frame after a brief consolidation.<\/p>\n

This gives AXS an upside target at $5.70 (+20%) in a move that would leave Axie poised to test resistance at the 200DMA.<\/p>\n

While to the downside, risk remains of a fall back to lower trendline support in the trading channel at $4.10 (-13.6%) in the event of rejection from the 20DMA.<\/p>\n

Axie Infinity therefore has a risk: reward ratio of 1.46 – a good entry, indicating it is not too late to buy AXS.<\/p>\n

But while bag-holders are embracing the hopium, smart money are looking for their next trade with a next-generation trading analytics tool that leverages AI technology to find market alpha in real-time.<\/p>\n

Enjoy Launchpad XYZ +17% Bonus – Only 4 Days Remain to Claim Your Slice<\/strong><\/h2>\n

There is less than a day left to buy Launchpad XYZ (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.<\/p>\n

Whether you’re a seasoned crypto user or just starting, this platform offers a range of features, such as NFT discovery, a decentralized exchange (DEX), a Web3 wallet, and utility token analysis.<\/p>\n

At the heart of the Launchpad XYZ ecosystem lies the $LPX token – holders who stake a minimum of 10,000 tokens can reap numerous benefits, including substantial fee discounts, exclusive early access to NFT mint whitelists and presales, beta play-to-earn game launches, as well as cool community prestige badges.<\/p>\n

The platform’s intention to list LPX on major cryptocurrency exchanges is expected to drive significant demand for the token.<\/p>\n

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Following the introduction of its primary features in Q3 2023, Launchpad XYZ anticipates substantial user adoption.<\/p>\n

With its maximum token supply of 1 billion, $LPX is set to launch on crypto exchanges later this year with a fully diluted market cap of $70 million. This makes it a platform to watch in the rapidly evolving crypto industry.<\/p>\n

Given its comprehensive suite of features and ambitious vision, Launchpad XYZ is set to break barriers and redefine the crypto space.<\/p>\n

As it facilitates an inclusive Web3 ecosystem, the $LPX token is proving itself a promising opportunity for investors. Whether you’re new to the crypto world or a seasoned investor, Launchpad XYZ is one platform you can’t afford to overlook in 2023.<\/p>\n

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Explore the latest Web3 presale projects, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.<\/p>\n

Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.<\/p>\n

Don’t miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth.\u00a0<\/p>\n

For more information, visit Launchpad XYZ today, also stay tuned with the project Twitter<\/a> and Telegram to receive all of the latest updates and team news.<\/p>\n

Buy LPX Here<\/strong><\/p>\n

.<\/sub>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n