Axie Infinity’s AXS Token Surges Over 30% to Reach $10.7
In the ever-evolving cryptocurrency landscape, Axie Infinity’s AXS token has experienced a significant surge, soaring over 30% to reach around $10.7. This impressive increase has propelled AXS to become one of the top gaming cryptocurrencies, surpassing BEAM with a market capitalization of $1.4 billion.
Currently trading at $10.85, Axie Infinity has seen a remarkable rise of over 35% in the past 24 hours. It ranks #56 on CoinMarketCap with a live market cap of approximately $1.43 billion and a circulating supply of 132.04 million AXS coins.
Christmas Day Crypto Market Highlights
Despite a minor decrease in the global market cap, the cryptocurrency market exhibited stability on Christmas Day. Bitcoin maintained its position above $43,000, instilling confidence among crypto enthusiasts.
Although major altcoins like Ethereum, Solana, Ripple, Litecoin, and Dogecoin experienced slight declines, the overall market sentiment remained positive during the holiday season.
Axie Infinity’s Standout Performance Amid Market Stability
Axie Infinity stood out as a top performer on Christmas Day, showcasing the adaptability and resilience of the cryptocurrency industry. This exceptional performance amid market fluctuations adds excitement and anticipation for the digital asset world in the new year.
The positive trend of Axie Infinity on Christmas Day has likely boosted investor confidence, and the overall optimistic sentiment in the crypto market could potentially lead to further increases in the price of the AXS coin.
Axie Infinity Price Prediction
AXS has established key resistance levels at $10.41, $11.37, and $12.01. It also has immediate support at $9.09, with additional support levels at $8.54 and $8.06.
The Relative Strength Index (RSI) is currently at an elevated level of 81, indicating an overbought condition for AXS. However, the price is comfortably situated above the 50-Day Exponential Moving Average (EMA) of $6.
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