In the ever-evolving world of cryptocurrency, AXS Crypto has emerged as a star performer, especially in the lucrative non-fungible token (NFT) space. With its robust profitability and exciting future prospects, AXS Crypto is fast becoming a popular choice for investors and NFT enthusiasts alike.
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Origins of AXS Crypto
AXS Crypto was launched in 2020 by a visionary team of developers led by Jeffrey Zirlin. The project aimed to power the growth and development of Axie Infinity, a trailblazing blockchain-based game that has taken the NFT market by storm. AXS Crypto was designed to be the primary token of the Axie Infinity ecosystem, with applications ranging from governance to staking and rewards.
Price Analysis of AXS Crypto
Since its inception, AXS Crypto has witnessed a meteoric rise in its price. Initially priced at around $0.12, it soared to over $10 by August 2021, representing an astounding gain of over 8000%. It made an all-time high of $165 and since has fallen 94% to the level of $8 with the current market cap standing at $ 1 billion.
AXS Crypto’s use in the Axie Infinity ecosystem is the primary driver behind its price appreciation.
Current Price Analysis
On the daily Timeframe level, the price action formed Daily S/R $13.52 to $12.12. Making out the formation Bearish Harmonic Bat pattern level marked out the PRZ level between the $12.69 to 12.17 level as well as the Bullish Double Bottom pattern level.
Profitability of AXS Crypto
AXS Crypto’s profitability has been phenomenal, particularly for those who have staked their tokens. By staking AXS Crypto, users can earn rewards while supporting the network. The number of rewards earned depends on the staking period and the number of tokens staked. At present, users can earn up to 20% annualized rewards by staking their AXS Crypto.
Future of AXS Crypto
The future of AXS Crypto looks bright, with Axie Infinity poised for further growth and expansion. In August 2021, the Axie Infinity team announced a partnership with Ubisoft, one of the world’s top video game companies, to explore ways of integrating blockchain technology and NFTs into mainstream gaming. This partnership marks a significant step towards mainstream adoption for AXS Crypto and the wider NFT market.
The Axie Infinity team has been working tirelessly to expand its ecosystem, with plans to launch a marketplace where users can buy and sell NFTs, along with a mobile app that makes it easier for users to interact with the ecosystem on the go.
Conclusion
In conclusion, AXS Crypto is a standout performer in the cryptocurrency space, particularly in the NFT sector. Its strong use case within the Axie Infinity ecosystem, coupled with its impressive profitability and potential for growth, make it an enticing investment opportunity for those interested in the NFT market.
With ongoing developments in the ecosystem and partnerships with leading companies, AXS Crypto is well-positioned for long-term success. However, as with any investment, it is crucial to conduct thorough research and assess personal investment goals and risk tolerance before investing in AXS Crypto.
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