Token

Flow

Axie Infinity

MN Coin

<p style="text-align: justify">Axie Infinity (AXS), one of the most popular <a href="https://en.coin-turk.com/illuvium-the-future-of-farming-with-the-roblox-virtual-game/" data-wpel-link="internal">Play to Earn</a> games, has experienced a significant increase in demand over the past 30 days. Additionally, user activity and token accumulation have also shown a significant rise. Analyzing the on-chain data provided by DappRadar, we have discovered an intriguing narrative highlighting the recent developments in Axie Infinity and the positive trends observed in AXS token metrics.</p> 
<h2 style="text-align: justify" id="extraordinary-increase-in-axie-infinity-user-base">Extraordinary Increase in Axie Infinity User Base</h2> 
<p style="text-align: justify">According to DappRadar’s data, Axie Infinity witnessed a notable 30% increase in the number of active wallets interacting with its decentralized application (dApp) last month. As of the latest count, the number of unique active wallets that have completed at least one transaction reached an impressive figure of 73,260. This surge in user activity aligns with the growing popularity of Play to Earn (P2E) blockchain games.</p> 
<p style="text-align: justify">The increase in network activity in Axie Infinity can be attributed to various ecosystem developments, including the collaboration between Axie Infinity’s developer, Sky Mavis, and Korean gaming company, Act Games. This collaboration aimed to integrate Japanese Web2 games into the Ronin <a href="https://en.coin-turk.com/near-data-availability-near-da-a-high-quality-cost-effective-solution-for-ethereum-developers/" data-wpel-link="internal">Blockchain</a> and attract a new wave of users eager to explore the Axie Infinity experience.</p> 
<h2 style="text-align: justify" id="axs-token-metrics-and-market-dynamics">AXS Token Metrics and Market Dynamics</h2> 
<p style="text-align: justify">According to CoinMarketCap data, despite facing a narrow price range in November, AXS demonstrated resilience with a 33% price increase. Currently, it is trading at $6.21. It is worth noting that the peak level of this altcoin was $165. Particularly, spot <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">market</a> participants continued to accumulate AXS, as indicated by the basic momentum indicators on the daily chart.</p> 
<p><img decoding="async" class="alignnone wp-image-280949 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/axs-cointurk.png" alt="" width="1475" height="813"></p> 
<p style="text-align: justify">The Relative Strength Index (RSI) stood at 56.45, and the Money Flow Index (MFI) at 63.48. Additionally, the Chaikin Money Flow (CMF) metric, which indicates a positive value of 0.04, signaled a steady liquidity inflow into the altcoin’s spot market.</p> 
<p><img decoding="async" class="wp-image-280950 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/11/axs-kripto-cointurk.jpg" alt="" width="2048" height="1139"></p> 
<p style="text-align: justify">Although AXS experienced a slight decline in its CMF due to increasing profit-taking, its position above the zero line in the positive zone underscores the continued dominance of bulls in the market.</p> 
<h2 style="text-align: justify" id="shaping-the-future-of-axie-infinity-and-axs">Shaping the Future of Axie Infinity and AXS</h2> 
<p style="text-align: justify">As Axie Infinity continues to ride the wave of increasing demand and positive token metrics, stakeholders in the crypto space are closely monitoring its trajectory.</p> 
<p style="text-align: justify">The collaboration with Act Games and ongoing ecosystem developments have positioned Axie Infinity as a significant player in the evolving landscape of P2E blockchain games. It has also presented exciting opportunities for both users and investors.</p> Continue Reading: <a href="https://en.coin-turk.com/axie-infinity-remarkable-increase-in-user-activity-and-axs-token-metrics/" data-wpel-link="internal">https://en.coin-turk.com/axie-infinity-remarkable-increase-in-user-activity-and-axs-token-metrics/</a>

Axie Infinity: Remarkable Increase in User Activity and AXS Token Metrics

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