<![CDATA[<figure class="image"><img src="https://cimg.co/news/124952/330077/image.jpg" srcset="https://cimg.co/news/124952/330077/responsive-images/image___media_library_original_1280_720.jpg 1280w, https://cimg.co/news/124952/330077/responsive-images/image___media_library_original_1200_675.jpg 1200w, https://cimg.co/news/124952/330077/responsive-images/image___media_library_original_900_506.jpg 900w, https://cimg.co/news/124952/330077/responsive-images/image___media_library_original_720_405.jpg 720w, https://cimg.co/news/124952/330077/responsive-images/image___media_library_original_600_338.jpg 600w, https://cimg.co/news/124952/330077/responsive-images/image___media_library_original_300_169.jpg 300w" width="1280" class="content-img" alt=""><figcaption>Source / Sam Cooling x Chenspec</figcaption></figure>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.The impressive pump comes as Axie Infinity continues to be among the strongest performing GameFi projects in the space.<figure class="image"><img src="https://cimg.co/news/124952/330044/image.jpg" srcset="https://cimg.co/news/124952/330044/responsive-images/image___media_library_original_970_328.jpg 970w, https://cimg.co/news/124952/330044/responsive-images/image___media_library_original_900_304.jpg 900w, https://cimg.co/news/124952/330044/responsive-images/image___media_library_original_720_243.jpg 720w, https://cimg.co/news/124952/330044/responsive-images/image___media_library_original_600_203.jpg 600w, https://cimg.co/news/124952/330044/responsive-images/image___media_library_original_300_101.jpg 300w" width="970" class="content-img" alt=""><figcaption>Santiment / Dapp Stats</figcaption></figure>Over the past 24 hours, there has been a <a href="https://santiment.net/">+77%</a> 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.<figure class="image"><img src="https://cimg.co/news/124952/330045/image.jpg" srcset="https://cimg.co/news/124952/330045/responsive-images/image___media_library_original_1560_2349.jpg 1560w, https://cimg.co/news/124952/330045/responsive-images/image___media_library_original_1200_1807.jpg 1200w, https://cimg.co/news/124952/330045/responsive-images/image___media_library_original_900_1355.jpg 900w, https://cimg.co/news/124952/330045/responsive-images/image___media_library_original_720_1084.jpg 720w, https://cimg.co/news/124952/330045/responsive-images/image___media_library_original_600_903.jpg 600w, https://cimg.co/news/124952/330045/responsive-images/image___media_library_original_300_452.jpg 300w" width="1560" class="content-img" alt=""><figcaption>CashNetUSA / Asian NFT Market Share</figcaption></figure>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 <a href="https://nftnow.com/news/its-official-these-countries-are-the-biggest-fans-and-foes-of-nfts/">80%</a> market share in the <a href="https://cryptonews.com/news/philippine-national-police-warns-citizens-on-axie-infinitys-play-earn-model-cites-security-concerns.htm">Asian </a>NFT market.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.<h2 id="strong-axs-price-analysis-is-it-too-late-to-buy-axie-infinity-after-20-pump-strong">AXS Price Analysis: Is it Too Late to Buy Axie Infinity After +20% Pump?</h2>Amid the sudden upside move, Axie Infinity is currently trading at a <a href="https://www.tradingview.com/symbols/AXSUSDT/">market price of $4.76</a> (representing a 24-hour change of -0.42%).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.<figure class="image"><img src="https://cimg.co/news/124952/330059/image.jpg" srcset="https://cimg.co/news/124952/330059/responsive-images/image___media_library_original_1634_901.jpg 1634w, https://cimg.co/news/124952/330059/responsive-images/image___media_library_original_1200_662.jpg 1200w, https://cimg.co/news/124952/330059/responsive-images/image___media_library_original_900_496.jpg 900w, https://cimg.co/news/124952/330059/responsive-images/image___media_library_original_720_397.jpg 720w, https://cimg.co/news/124952/330059/responsive-images/image___media_library_original_600_331.jpg 600w, https://cimg.co/news/124952/330059/responsive-images/image___media_library_original_300_165.jpg 300w" width="1634" class="content-img" alt=""><figcaption>TradingView / AXS USDT</figcaption></figure>Now in consolidation atop the 20DMA, price action is attempting to stabilize below a local level of resistance at $5.70.A move to reclaim this historic price level would poise AXS for a run at the 200DMA which is currently sat around $6.73.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.The MACD remains bullish, with stronger divergence to 0.06 after the impressive upside swing.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.<figure class="image"><img src="https://cimg.co/news/124952/330058/image.jpg" srcset="https://cimg.co/news/124952/330058/responsive-images/image___media_library_original_1634_901.jpg 1634w, https://cimg.co/news/124952/330058/responsive-images/image___media_library_original_1200_662.jpg 1200w, https://cimg.co/news/124952/330058/responsive-images/image___media_library_original_900_496.jpg 900w, https://cimg.co/news/124952/330058/responsive-images/image___media_library_original_720_397.jpg 720w, https://cimg.co/news/124952/330058/responsive-images/image___media_library_original_600_331.jpg 600w, https://cimg.co/news/124952/330058/responsive-images/image___media_library_original_300_165.jpg 300w" width="1634" class="content-img" alt=""><figcaption>TradingView / AXS USDT</figcaption></figure>This gives AXS an upside target at $5.70 (+20%) in a move that would leave Axie poised to test resistance at the 200DMA.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.<a href="https://cryptonews.com/coins/axie-infinity/">Axie Infinity </a>therefore has a risk: reward ratio of 1.46 - a good entry, indicating it is not too late to buy AXS.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.<h2 id="strong-enjoy-launchpad-xyz-17-bonus-only-4-days-remain-to-claim-your-slice-strong">Enjoy Launchpad XYZ +17% Bonus - Only 4 Days Remain to Claim Your Slice</h2><figure class="image"><img src="https://cimg.co/news/124952/330075/image.jpg" srcset="https://cimg.co/news/124952/330075/responsive-images/image___media_library_original_2080_1168.jpg 2080w, https://cimg.co/news/124952/330075/responsive-images/image___media_library_original_1200_674.jpg 1200w, https://cimg.co/news/124952/330075/responsive-images/image___media_library_original_900_505.jpg 900w, https://cimg.co/news/124952/330075/responsive-images/image___media_library_original_720_404.jpg 720w, https://cimg.co/news/124952/330075/responsive-images/image___media_library_original_600_337.jpg 600w, https://cimg.co/news/124952/330075/responsive-images/image___media_library_original_300_168.jpg 300w" width="2080" class="content-img" alt=""><figcaption>Source / Launchpad XYZ</figcaption></figure>There is less than a day left to buy <a href="https://cryptonews.com/ext/launchpad/en">Launchpad XYZ</a> (LPX), an innovative ecosystem designed to lower the entry barrier to Web 3.0 with user-friendly tools, insights, and analytics.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.At the heart of the <a href="https://cryptonews.com/ext/launchpad/en">Launchpad XYZ ecosystem</a> lies the $LPX token - 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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.<figure class="media"><oembed url="https://youtu.be/Y0RC6m3-o3I"></oembed></figure>Explore the <a href="https://cryptonews.com/ext/launchpad/en">latest Web3 presale projects</a>, P2E Hub for gaming, the Metaverse Experience Library, and the Trading Terminal for an immersive experience.Future developments include a marketplace for fractionalized assets, a Trading Edge Game, and creator tools for brands.Don't miss out on the opportunity to invest in Launchpad XYZ, a promising project with the potential for significant growth.&nbsp;For more information, visit<a href="https://cryptonews.com/ext/launchpad/en"> Launchpad XYZ today</a>, also stay tuned with the project <a href="https://twitter.com/launchpadlpx">Twitter</a> and <a href="https://t.me/Launchpad_Official_Channel">Telegram</a> to receive all of the latest updates and team news.<a href="https://cryptonews.com/ext/launchpad/en">Buy LPX Here</a>.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.
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Is It Too Late to Buy Axie Infinity? AXS Price Suddenly Blasts Up 20% as Launchpad Project Secures $1.7 Million in Funding

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