Axie Infinity (AXS) has had a tumultuous time as of late. A fallout from an expanded SEC lawsuit against Binance has led the exchance to delist AXS, among a few other tokens. The reason behind this includes
AXS,
FIL, and
ATOM reportedly considered securities.
Singapore AXS users might be subjected to changes in payment methods, having to resort to making payments in digital currencies. This poses a questionable stability and reliability of the coin for investors.
The
play-and-earn token has been the subject of various price predictions, fluctuating between potentially massive surges and significant drops. As with all cryptocurrencies, the possibility of a 96% fall exists. However, optimistic predictions reveal that AXS token could rally back to its all-time high.
Additionally,
Axie Infinity's gaming prowess may not go unnoticed as it is listed among top GameFi coins to watch, with multiple altcoins showing promise for high performance. Despite this positive outlook, users are advised against several altcoins, AXS included.
Cryptocurrency experts are in constant lookout for low cap altcoins with considerable potential while the rising
crypto gaming token narrative may play a significant role in AXS market trend. However, market predictors have a wary eye on a massive token
unlock worth $730M.
Several important
launches and
partnerships are also noteworthy. Axie Infinity (AXS) launched on Coinbase Pro and partnered with Triple-A to launch digital currency bill payments in Singapore. Traders, however, seem unfazed by this growth, aggressively shorting AXS due to potential price dumps.
Combined with the news of a
$625M hack, these factors have a significant impact on AXS performance.
Notwithstanding the skepticism, with an all-time high of
$143, AXS maintains its place in the crypto market and even holds massive potential for investors.
AXS Coin News Analytics from Wed, 04 Nov 2020 13:27:01 GMT to Mon, 30 Sep 2024 13:43:27 GMT -
Rating -2
- Innovation 3
- Information 5
- Rumor -7
