Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Coin Bureau Predicts Major Breakout for Axie Infinity, Analyzes Crypto’s Top Gaming Altcoin

by Daily Hodl Staff
November 30, 2021
in Altcoins

The host of popular crypto channel Coin Bureau is looking to see if the hit online video game Axie Infinity (AXS) can score more gains after rallying to dazzling heights this year.

In a new video, the analyst known as Guy tells his 1.69 million YouTube subscribers that the play-to-earn (P2E) game which also hosts a robust non-fungible token (NFT) marketplace currently dominates the P2E space.

“Cryptocurrency has made it clear that play-to-earn is the future of gaming. Creating a sustainable play-to-earn ecosystem is not an easy thing to do, however.

The only crypto project that has managed to pull it off so far is Axie Infinity, and it has consequently amassed over two million monthly users and counting…

AXS is crypto’s top gaming coin.”

AXS has surged over 25,320% this year from $0.53 on January 1st to its current price of $134.73. Even after the gaming altcoin’s staggering rise, Guy thinks AXS has more gas left in the tank.

“Axie Infinity’s updates have taken AXS to new all-time highs… AXS is in a very strong uptrend and it looks like new all-time highs are ahead.

That said, Axie Infinity’s market cap is quite large, and this means it’s going to take a lot more money to push up its price than it did before. At the same time, AXS stakers are earning handsome AXS rewards, and it’s very likely that some of them are selling.”

Guy also mentions the impact of Axie’s vesting schedule, which refers to how a project locks and releases tokens in order to ensure its long-term viability.

“The vesting schedule for AXS is quite aggressive compared with other cryptocurrencies, and it’s likely that some of Axie Infinity’s early investors are taking profits, too.

This is to be expected, given that the ICO (initial coin offering) price for AXS was just 10 cents. That means many early investors are sitting on at least a 1,000x. In terms of numbers, it looks like around 10 million AXS have entered circulation since July.”

Guy wraps up his analysis by saying that the game’s continued popularity means the AXS token is still likely to grow in price, despite any sell-side pressure from profit takers.

“The good news is that this increase in sell pressure is being offset by the continued adoption of Axie Infinity, which is creating a lot of demand for AXS. With some luck, AXS will pull another 2x before the crypto bull market is over.”

I

Check Price Action

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

 
Check Latest News Headlines


 
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Agung Afriady/LongQuattro

Submit a Press Release

Industry Announcements

  • Spritz Finance Launches Direct Wallet Pay, an Easy Way To Pay Real-World Bills With USDC From Any Crypto Wallet
    July 5, 2022
  • Metaverse Summit To Accelerate Open Metaverse and Web 3.0 With International Leaders
    July 5, 2022
  • Swappi (PPI) Announces First Exchange Listing on BitMart
    July 1, 2022
  • Yield App Joins Forces With Unstoppable Domains To Simplify Web 3.0 Journey
    July 1, 2022
  • ARK Has Introduced a New Blockchain Consensus Technology
    June 30, 2022
  • Cantina Royale Taps Elrond Apes To Boost Its In-Game Cross Chain NFT Collections
    June 28, 2022
  • Saddle Finance Announces End of Lock-Up Period for Its SDL Token
    June 24, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$20,293.00
$20,293.00
2.17%
Ethereum
$1,146.63
$1,146.63
1.74%
Cardano
$0.457836
$0.457836
0.94%
XRP
$0.324095
$0.324095
0.29%
Dogecoin
$0.067902
$0.067902
0.66%

Spotlight

  • Analyst Says One Ethereum-Based Altcoin Is Setting Up for Possible 100X Rally As Crypto Markets Consolidate
    June 28, 2022
  • Coinbase Announces Support for Little-Known Ethereum Scaling Altcoin and Mid-Cap Stablecoin Project
    June 30, 2022
  • Institutions Turn Cautious on Bitcoin As Short BTC Products See Record Inflows: CoinShares
    July 4, 2022
  • Is Bitcoin Ready To Bottom Out? Veteran Analyst John Bollinger Weighs In on State of BTC
    June 29, 2022
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl