Price Predictions

Axie Infinity (AXS) Price Prediction Weekly (May 2022): AXS Price’s Primed for a 20% Upswing Before the Weekend

AXS Price Prediction

Key Takeaways: 

  • The AXS price closed the previous day’s trade at INR 1859.76 with a market capitalization of INR 95.69 billion and a circulating supply of 60,907,500 AXS
  • The popular asset is on the verge to surge by 15% to 18% in the next couple of days to end the weekly trade above INR 2300

Axie Infinity Price Analysis:  Will AXS Price Hit INR 3,000 This Week of May?

The AXS price after being rejected at INR 2391 in the first few days of May, reached an 11-month low position below INR 1300. Further, it flipped back strongly above INR 1700 and continued to hover between INR 1790 and INR 1550 for quite a long time. Yet before the recent upswing, the price once again tested the lower support at INR 1389 which ignited an upswing of nearly 55%. 

Currently, the price experienced rejection after hitting the local resistance at INR 2187 and dropped to INR 1904. However, the buyers appear to be on a stronger side and hence may carry the price beyond resistance soon. Therefore, the AXS price after regaining levels above INR 2000, could head forward to test INR 2414 and later INR 2660 by the end of the week, but INR 3000 may be a tedious job this week.

Check out the Latest Price, Charts, and Data of AXS/INR.

Axie Infinity Price Prediction: AXS Price Trend Comparison with SAND (Last 30 Days)

Source: Tradingview

  • Axie Infinity and The Sandbox, both are among the popular Play-to-Earn, blockchain-based gaming platforms
  • Both the assets maintained a significant trend since the beginning and also consolidated within the same narrow region in the past fortnight
  • While AXS price witnessed a huge drop than SAND price, it recovered well comparatively
  • The AXS price dropped from -25% to as low as -56% and with the recent flip, the price are currently surged to -35%
  • On the other hand, the SAND price tanked hard from -6% to the lowest levels at -57% and currently trading at -43%

Additional Read: What are Play-to-Earn games?

Correlation of AXS/USDT and AXS/BTC (Last 30 Days)

Source: Tradingview

  • The AXS paired with both the assets, USDT & BTC dropped hard in the last few days of April
  • The May’s trade decoupled both the pairs, where the AXS/BTC displayed huge bullish momentum and recovered well
  • While the USDT pair suffered a drastic plunge fueled by the bearish market conditions and hence dropped more
  • Currently, the AXS BTC price after consolidating in between -23% to -36% for more than a week, surged high to hit -16% but hovering around -23% at the press time
  • On the other hand, AXS/USDT dropped hard from -24% to as low as -54% and recently recovered to -33.13%. 

Top Gainers & Losers of the Week

Top Gainers

Crypto Price* 7-Day Percentage Change
Waves (WAVES) INR 703.98 +50.93%
Axie Infinity (AXS) INR 2,048.79 +19.02%
Cardano (ADA) INR 53 +24.12%
Helium (HNT) INR 737.99 +15.73%

Top Losers

Crypto Price* 7-Day Percentage Change
Mirror Protocol (MIR) INR 24.74 -40.1%
Tron (TRX) INR 6.50 +5.4%
STEPN(GMT) INR 98.18 -11.2%
PancakeSwap (CAKE) INR 379.96 -1.8%

*Prices are of 31 May 2022 at 12 pm

What’s New on CoinDCX? New Coin Listings on CoinDCX App

Crypto Price*
Moonbeam (GLMR) INR 107.07
Livepeer (LPT) INR 1,097.47
Kava (KAVA) INR 221.64
STEPN(GMT)  INR 98.15

*Prices are of 31 May 2022 at 12 pm

Download CoinDCX App, India’s safest and simplest crypto investment app. 


Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].

The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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