Cryptocurrency

Apple

April

Axie Infinity

<p>Cryptocurrency enthusiasts and investors are currently abuzz with anticipation, as Axie Infinity (AXS), an Ethereum-based token, has shown promising signs of growth recently. The week has seen AXS price surge by 10%, and the recent listing of Axie Infinity: Origins on the Apple AppStore has led to a tremendous influx of new users to the network. This article will explore the potential factors that could spur a price rally for AXS and provide an in-depth analysis of the recent market movements.</p>
<h2 style="text-align: center;" id="the-apple-appstore-effect">The Apple AppStore Effect</h2>
<p>The listing of &#8220;Axie Infinity: <a href="https://welcome.skymavis.com/">Origins,</a>&#8221; a card-based strategy game, on Apple’s AppStore has been a game-changer for the AXS ecosystem. This move, which has opened up the game to Apple device users across Latin America and Asia, has led to a 300% spike in new users joining the Axie Infinity network.</p>
<p>As per the data available at press time, the surge in new gamers is quite significant. Network Growth, which tracks the creation of new wallet addresses on a blockchain network, has seen a steep climb after a decline in April. On May 12, 35 new users joined the AXS network, which jumped to 137 new addresses within just 12 hours of the Apple Appstore listing on May 17.</p>
<p>With over 1.8 billion active Apple devices worldwide, the potential for further expansion of the Axie Infinity user base is enormous. If the game becomes available in other Apple AppStore regions beyond Latin America and Asia, we can anticipate an even higher uptrend in network growth. This could, in turn, drive up demand for in-game assets and support a bullish AXS price prediction.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">1/ Origins has passed review with Apple and is now available on the App store!</p>
<p>We believe this is the first time that Apple has agreed to make an externally-purchased NFT usable on the App Store.</p>
<p>Let’s dive in 🧵👇 <a href="https://t.co/LYPLnHEVF6">pic.twitter.com/LYPLnHEVF6</a></p>
<p>&mdash; Axie Infinity | #AxieOrigins, #AxieHomeland (@AxieInfinity) <a href="https://twitter.com/AxieInfinity/status/1658778494875181058?ref_src=twsrc%5Etfw">May 17, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 style="text-align: center;" id="market-sentiment-and-timing">Market Sentiment and Timing</h2>
<p>Interestingly, despite the Apple Appstore listing and the ensuing influx of new users, the market sentiment surrounding AXS is still considerably negative. According to on-chain data from Santiment’s Weighted Sentiment metric, which compares the ratio of positive to negative mentions of an asset, AXS sentiment is still lingering around -0.75.</p>
<p>This negativity, juxtaposed with a price surge, presents an intriguing opportunity for strategic investors. For those looking to buy at a critical point of a bullish reversal, this could be a perfect timing to enter the market. With the current social sentiment significantly lower than the recent euphoric high of 0.33 recorded on April 20, there is ample room for AXS price to climb further.</p>
<h2 style="text-align: center;" id="axs-price-prediction-eyes-on-the-11-prize">AXS Price Prediction: Eyes on the $11 Prize</h2>
<p>According to data from IntoTheBlock’s Global In/Out of Money (GIOM), <a href="https://walletinvestor.com/forecast/axie-infinity-prediction">AXS</a> could rally above $11 for the first time since January 2023. However, before this bullish prediction can be realized, AXS must overcome the resistance at $8.79. This resistance point is significant as it represents the maximum price at which 7,640 investors bought 130 million AXS tokens. These investors might book profits at this point, potentially slowing the rally.</p>
<p>Despite this, the possibility of a bearish downturn is relatively low. The likelihood of AXS dropping below the $6.8 support zone is minimized by the bullish support from 3,000 holders who bought 1.6 million AXS at an average price of $6.84. If, however, AXS fails to hold this support, it could trigger a drop towards $5.92, invalidating the bullish AXS price prediction.</p>
<h2 style="text-align: center;" id="in-conclusion">In Conclusion</h2>
<p>The recent developments surrounding Axie Infinity (AXS) provide a captivating insight into the dynamics of the cryptocurrency market. The listing of the Axie Infinity game on the Apple AppStore has had a transformative effect on the user base and could potentially drive a significant price rally. However, as with all investments, it&#8217;s crucial to carefully monitor market trends and sentiment before making a move. Regardless, the current landscape certainly seems to favor the bulls in the case of AXS.</p>

Apple Allows Axie Infinity Crypto Game on the App Store!

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