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Axie Infinity Price Prediction: AXS Bulls need to hold above $7.9

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The crypto winter has been tough for many cryptocurrencies, and Axie Infinity (AXS) has not been spared. The price of the Axie Infinity token is down 90% from a year high of $97.7. However, it only recently startedAnd the Axie Infinity Token The Axis Infinity Shard (AXS) is recording an uptick in network activity, which has been associated with ecosystem developments and upgrades on the Axie Network.

Ecosystem developments have been mostly on the game’s user interface and gameplay, with AXS’ coin stats indicating positive market sentiment as users anticipate new upgrades and ride on the hype of recent developments. Additionally, as the market recovers from its downward run for the year, it will likely push prices higher as we cross into 2023.

On December 4, AXS stock is down nearly 93% year-to-date, trading at $6.70. The situation changed for the gaming token over the next few days, prompting AXS to trade at $9.50 by December 6, up 41% in just two days. On December 5, Axie Infinity Shard (AXS) trading volume increased by 1,061% to $10.5 million.

This followed the revelation that the gaming project is working on an “Axie Core”. AXS coin stats indicate positive market sentiment from the recent developments of the ecosystem and anticipation of new upgrades.

Although AXS has given back some of its gains and is currently trading at $8.28, it is still up about 23% over the past seven days and up 24% over the last 14 days, according to Data on CoinGecko.

Axie Infinity (AXS) quotes for users anticipating new upgrades

Acce Infinity is an online game based on a non-fungible token (NFT) developed by Sky Mavis, and soon after, led the play-for-profit (P2E) blockchain game wave in 2021 along with games like crypto kitties. The original code for the game is AXS.

After the success of this project, more games have appeared since then, resulting in a relatively low market share for Axie Infinity. However, Axie Infinity envisions a future where players can own and share 95% of their spending and accessories.

Axi Core

Axie core is an aspect of the game Axie Infinity designed to offer experiences where players can upgrade the collectability and personality of their Axies.

Among the aspects of the Axie core are accessories, upgradeable parts, an immersive breeding interface, a downloadable avatar, and Axie breeding to include petting and feeding. Axie Core also offers partial upgrades. For example, obscure parts will have unique art for their tracks upgraded to set them apart even more.

It should be noted that all related aspects, including accessories and parts, can be traded as non-fungible tokens (NFTs), with other players bringing a new level of stimulating the in-game economy while reducing reliance on power-ups.

Axie Core will start releasing several upgrades by the end of 2022. In light of this announcement, the price of AXS has increased by 20% since the beginning of December.

Axie Infinity Season Two

Season 2 of Axie Infinity is also upon us, with promises of several upgrades to improve the user experience. In anticipation, Axie’s Twitter feed has been busy with discussions about what new changes to expect in the season.

according to TweetsThe second season entails four phases. #1 for core mechanics, #2 game updates, #3 community testing, and finally #4 launch. The developers will also introduce new mechanics throughout the season, including tweaks to the project’s core mechanics. Other than these changes, players are also looking forward to several updates to selected 5 cards, runes, and magic to implement.

However, the latest ecosystem update is to merge From Ronin’s portfolio in Collab land, a “token walk” invention consisting of an automated bot that can check NFT holdings and tokens. The bot allows community members to choose roles with permissions granted based on their Discord ownership. The bot also allows graded access to different levels, and serves as an excellent tool for preparing new players.

Verification of ownership of assets on the Ronin Wallet is enabled by the bot’s integration with the Ronin Network, which also adds a new layer of security, community, and exclusive experiences.

In a December 5 blog about the platform’s governance section, Axie announced that approximately 700 AXS community members will join an inaugural pilot program to “experience shaping community governance.”

The announcement came at a time when the crypto, Metaverse, and NFT spaces are seeing an influx. Since then, NFT industry data aggregator, Cryptoslamp, said NFT sales volumes increased by nearly 10 percent on December 5. On the same day, the co-founder of Axie also took to Twitter to explain the sudden price hike.

All of these factors are contributing to the current rally in AXS, but the bulls seem to be taking a break

AXS/USD daily chart

TradingView chart: AXS/USD

At press time, AXS is trading at $8.16 with strong bearish momentum forming a descending channel pattern. He has his sights set on the support area around the $7.9 level as the selling pressure continues to build. If AXS price breaks this support, look at AXS price for a retest of the next support at $6.9. On the other hand, if the bulls are reinvigorated and regain control, they will have to break the resistance at $8.7

Technical indicators are also very promising, with the Relative Strength Index (RSI) of 50 indicating an increasing increase in buying momentum. If the bulls can maintain this trajectory, it could push AXS prices higher.

Moreover, the AXS is also about to cross a bullish moving average (MA), which gives a strong buy signal. This means that there will still be buying opportunities to be taken along the way. Thus, buyers can still enjoy an absolute advantage.

Therefore, the bearish rally may continue and only pull back in the supply area at $7.9. Therefore, traders can take profits by selling at this level. However, closing the candle below the demand area at this level will break the flag pattern and invalidate the above expectations.

IMPT eco-friendly cryptocurrency presale ends in 1 hour!

The Impact Project (IMPT.io), the parent of the IMPT token, is closing its final pre-sale in one hour.

Project Impact has raised over $17.3 million in pre-sale of IMPT tokens in three weeks.

IMPT It is native token for the Ethereum-based platform and was intentionally created to overcome the growing controversies surrounding cryptocurrencies such as Bitcoin and Ethereum, among others, which have been criticized for the amount of carbon emitted.

With global organizations such as the United Nations raising calls to reduce carbon emissions and curb global warming, many crypto projects have come up with an environmentally friendly and efficient solution to crypto energy consumption through cryptocurrency mining. IMPT is the best of them all, leveraging blockchain technology to tokenize carbon credits and save the environment.

The Ethereum-based platform will achieve this by acting as an intermediary between select green projects and users, individuals and institutions alike. Users can generate change by obtaining carbon credits in the form of NFTs, which will run on the blockchain network to prevent double spending and ensure transparency.

Users can also decide to copy the NFT by sending it to an empty address or exchange it for unique NFTs from artists. They can also accumulate IMPT tokens which they will use to purchase carbon credits, which will go a long way in reducing carbon.

About 10,000 brands and retail stores have agreed to partner with Project Impact and allow the platform to sell their products. With IMPT closing the pre-sale in just over an hour, now is the time to cash in your winnings so you can take advantage of 10x profit. Tokens can be claimed starting December 12th.

It should be noted that IMPT will have its IEO on December 14th, with decentralized exchange Uniswap being the first to list it, after which centralized exchanges LBank and Changelly Pro will list IMPT. IMPT token has a positive outlook, and the token will continue its astronomical upward trend into next year. Don’t miss out for any reason.

Read more about IMPT:

Better IMPT Encoder
  • The early stage pre-sale is now live
  • Professional Doxxed Team
  • Use cases in industry – carbon footprint offset

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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