Axie Infinity

<ul><li>Axie Infinity’s AXS token challenges market trends, balancing a delicate act between investor withdrawals and a 9% price hike.</li><li>Negative social sentiment contrasts with AXS’s bullish behavior, highlighting the complex investor psyche in crypto trading.</li><li>Reduced AXS supply on exchanges signals a shift in market dynamics, possibly indicating latent confidence among niche holders.</li></ul>In the unpredictable realm of cryptocurrencies, Axie Infinity’s token, AXS, has recently bucked the trend, recording an impressive 9% ascent in value over the past week. This increase comes amidst a broader atmosphere of apprehension, as a significant number of investors have chosen to pull their funds, casting doubts over the future stability of the token’s price.This exodus of investors from AXS has <a href="https://twitter.com/ali_charts/status/1716503016918974798?ref_src&#61;twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1716503016918974798%7Ctwgr%5E8c0f94faca266f76d8d6f02db4d4942eabe65169%7Ctwcon%5Es1_&amp;ref_url&#61;https%3A%2F%2Fambcrypto.com%2Fassessing-axs-latest-route-and-how-it-differs-from-investor-expectations%2F" rel="noopener noreferrer nofollow">triggered</a> questions about the coin’s future trajectory. Close to 99% of AXS holders were “Out of the Money,” making the altcoin a potential candidate for a sharp upward movement. The market observed a significant level of disbelief among investors, which could be attributed to the recent shifts in AXS’ performance.This skepticism was further echoed by data from <a href="https://app.santiment.net/charts/TuAt_zES__sCl" rel="noopener noreferrer nofollow">Santiment,</a> highlighting a decline in Axie Infinity’s social volume despite its recent price surge. The platform also noted a pronounced negative sentiment around the coin as the Weighted Sentiment dropped.Yet, amid these bearish indicators, AXS exhibited resilience, continuing its upward climb. A notable trend was the reduction in AXS’ supply on exchange platforms, suggesting that the number of tokens held off-exchange surpassed those on exchanges. This shift indicates a predominant buying sentiment among investors. Another promising metric was the Market Value to Realized Value (MVRV) ratio, which experienced an uptick over the past week, indicating a potential further increase in AXS’s value.Read full article at <a href="https://cryptotale.org/?p&#61;19680&amp;preview&#61;true&amp;_thumbnail_id&#61;19681" rel="noopener noreferrer nofollow">CryptoTale.</a>

AXS Records Bullish Trend Despite Prevailing Investor Uncertainty

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