Axie Infinity ($AXS) Crypto Forecast: Up 5.7% Today

What is Axie Infinity?

AXS is a cryptocurrency token associated with the Axie Infinity blockchain-based game, known for its play-to-earn model and NFT integration. The overall cryptocurrency market has been experiencing increased interest and volatility recently.

Why is Axie Infinity going up?

AXS crypto is up 5.7% on Mar 24, 2025 17:37

• AXS saw a strong bullish movement today, potentially driven by the increasing popularity of blockchain-based games like Axie Infinity.
• The discussions regarding Gamecoins leading the upcoming altcoin season could have sparked optimism and speculation around AXS, contributing to its bullish movement.
• Positive sentiment towards Gamecoins and the broader altcoin market may have attracted investors to AXS, fueling its price surge.
• The focus on potential growth in the altcoin sector could have created a favorable environment for AXS to thrive, leading to its impressive performance today.

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Here’s why Gamecoins could lead the upcoming altcoin season

Here’s why Gamecoins could lead the upcoming altcoin season

https://ambcrypto.com/heres-why-gamecoins-could-lead-the-upcoming-altcoin-season/

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Axie Infinity Price History

02.11.2024 - AXS Crypto was down 5.4%

• The bearish movement in AXS today could be attributed to Sky Mavis, the creator of Axie Infinity, laying off 21% of its workforce, indicating potential internal challenges within the company.
• The decision to prioritize the development of a new Axie game and the Ronin blockchain over current operations might have raised concerns among investors about the future profitability and sustainability of the project, leading to a sell-off of AXS tokens.
• The significant layoffs of 50 employees could signal potential restructuring or financial difficulties within Sky Mavis, impacting investor confidence in the overall ecosystem and contributing to the downward pressure on AXS prices.

06.11.2024 - AXS Crypto was down 5.6%

• The bearish movement in AXS today could be attributed to the overall negative sentiment in the cryptocurrency market following recent regulatory actions. Investors are possibly concerned about increased regulatory scrutiny leading to a sell-off.
• The news of the US government transferring $33M in various cryptocurrencies seized from a major exchange could have added to the bearish pressure on AXS, raising questions about regulatory risks and implications for the broader crypto industry.
• Additionally, the movement of seized funds from a well-known trading group by the US government might have created uncertainty among investors, contributing to the downward trend in AXS as market participants evaluate the regulatory landscape and associated risks.

04.11.2024 - AXS Crypto was up 8.3%

• The bullish movement in AXS could be attributed to positive sentiment in the broader cryptocurrency market following the US government transferring $33M in ETH, BUSD, and SHIB seized from a major exchange.
• The market may have interpreted this move as a sign of increasing acceptance and legitimacy of cryptocurrencies, leading to a surge in demand for digital assets like AXS.
• Additionally, the transfer of seized funds from a major exchange could have boosted investor confidence in the crypto space, driving up prices of tokens like AXS as traders anticipate further mainstream adoption and regulatory clarity.

04.11.2024 - AXS Crypto was up 5.4%

• The bullish movement in AXS could be attributed to positive sentiment in the overall cryptocurrency market, potentially driven by increased interest from retail investors and traders.
• The recent transfer of seized funds linked to FTX/Alameda in the U.S. may have indirectly influenced AXS by potentially signaling regulatory clarity or decreased uncertainty in the crypto sector.
• This move to release seized funds might indicate a more favorable regulatory landscape for cryptocurrency exchanges and projects, enhancing confidence and drawing in more investment towards assets like AXS.
• As a result of a bullish market sentiment, regulatory developments, and potential increased investment inflows, AXS experienced significant positive movement recently.

22.11.2024 - AXS Crypto was down 8.9%

• Despite recent signs of recovery, AXS experienced a strong bearish movement today, potentially indicating profit-taking or market correction.
• Concerns about AXS hitting its price bottom despite signs of recovery may suggest lingering uncertainty and caution among investors.
• Factors such as overall market sentiment, regulatory developments, or profit booking by large holders could have contributed to the bearish movement in AXS today.
• Investors should closely monitor market trends and developments to make informed decisions regarding AXS and navigate the volatile cryptocurrency market effectively.

14.02.2025 - AXS Crypto was up 5.5%

• Notwithstanding a sustained downtrend, on-chain data indicates a gradual increase in large positions in Axie Infinity (AXS), signaling enduring investor confidence in the project's future.
• The ongoing accumulation of major Metaverse tokens, including AXS, implies that investors perceive these projects as undervalued opportunities rather than disappointments.
• On-chain data suggests that investors maintain a long-term belief in AXS, as demonstrated by consistent accumulation over the last two years, showing limited reaction to price fluctuations.
• The market movement of AXS today may be due to the positive sentiment surrounding the Metaverse sector and robust faith in the fundamentals of Axie Infinity by investors, spurring heightened buying activity and propelling the bullish trend.

10.02.2025 - AXS Crypto was down 5.6%

• Despite a bearish market movement for AXS today, on-chain data reveals a progressive build-up of large positions, indicating that certain investors maintain a high level of confidence in the future of Axie Infinity.
• The continued accumulation of AXS tokens by investors suggests a long-term belief in the project's fundamentals, showcasing resilience in the face of short-term price fluctuations.
• While the overall market sentiment may have been bearish, the strong conviction and accumulation of AXS tokens hint at a positive outlook for the project, with investors positioning themselves for potential future growth in the play-to-earn gaming sector.

27.10.2024 - AXS Crypto was up 5.0%

• Despite the creator of Axie Infinity reducing its workforce by 21%, AXS experienced a bullish movement.
• The market might be interpreting the layoffs as a strategic move to prioritize the development of a new Axie Infinity game and the Ronin blockchain, potentially bringing more value to the ecosystem.
• Investors might be optimistic about the future prospects of Axie Infinity and the GameFi sector, especially with the surge in Sandbox (SAND) signaling positive sentiment towards gaming and metaverse projects.
• The focus on innovation and new game development could be driving excitement and confidence in the community, leading to the bullish movement in AXS.

27.10.2024 - AXS Crypto was up 5.0%

• Despite recent restructuring at Sky Mavis, the creator of Axie Infinity, AXS witnessed a notable uptrend.
• Investor optimism regarding the future growth of the Axie Infinity ecosystem may be linked to the focus on a new Axie game and the Ronin blockchain.
• The decision to reduce the workforce can be viewed as a strategic effort to enhance operational efficiency and spur innovation within the company.
• Positive market sentiment towards GameFi and the Metaverse industries, exemplified by the SAND token rally, likely supported the uptick in AXS value.

09.11.2024 - AXS Crypto was down 5.8%

• The bearish movement in AXS could be attributed to the overall negative sentiment in the cryptocurrency market due to regulatory crackdowns and uncertainties.
• The news of the SEC crackdown on Binance and the US government seizing and transferring funds from FTX might have added to the bearish pressure on AXS.
• Investors may be cautious about the regulatory environment and potential implications for various crypto assets, leading to a sell-off in AXS and other tokens.
• The upcoming token unlocks to watch next week could also be creating uncertainty and selling pressure in the market, contributing to AXS's bearish movement.

24.02.2025 - AXS Crypto was up 5.7%

• AXS saw a strong bullish movement today, potentially driven by the increasing popularity of blockchain-based games like Axie Infinity.
• The discussions regarding Gamecoins leading the upcoming altcoin season could have sparked optimism and speculation around AXS, contributing to its bullish movement.
• Positive sentiment towards Gamecoins and the broader altcoin market may have attracted investors to AXS, fueling its price surge.
• The focus on potential growth in the altcoin sector could have created a favorable environment for AXS to thrive, leading to its impressive performance today.

17.02.2025 - AXS Crypto was up 5.1%

• Despite a sustained downtrend in the cryptocurrency market, Axie Infinity (AXS) has shown a strong bullish movement today.
• On-chain data reveals a progressive build-up of large positions in AXS, indicating that certain investors remain highly confident in the future of the project.
• The continued accumulation of AXS suggests that investors view the token as an undervalued opportunity, leading to increased buying activity and driving the bullish market movement.
• While the speculative hype around the Metaverse may have faded, the data indicates that conviction remains strong among key market participants, potentially setting the stage for a future recovery in AXS and other Metaverse tokens.