Newsletter by Tokenize Xchange (Vol.218 | Dec 2022)
What’s up? Welcome to Tokenize Weekly Roundup
Every Wednesday, Tokenize Xchange will meet you right here with the week’s most important crypto news. Crypto moves fast, but we’ll help you stay on top of the latest trends and explain why they matter. Also, don’t miss any updates regarding our latest features, events, and community activities.
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The Axie Infinity price has skyrocketed in the past week; the altcoin has secured close to 40% appreciation. On the daily chart, AXS registered a 4.8% spike. This positive price sentiment can be tied to the recent developments within the AXS ecosystem.
Axie Infinity’s community made its first move into developing the project into a decentralized future just a day ago. According to the technical outlook, buyers have made a strong comeback in the market. This has caused major accumulation over the past trading sessions.
AXS formed a tall green wick tied to increased trading activity to corroborate the same. The chance of a price pullback cannot be ruled out, considering that the coin surged substantially overnight.
Buyers might have difficulty sustaining the price breakout, so that AXS will travel close to its immediate support level. Only if this rally pushes the coin above the $10 level can AXS continue its bullish price action.
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Disclaimer
All content produced by Tokenize Xchange is intended solely for educational purposes. This should not be taken as financial or investment advice. Individuals are advised to perform due diligence before purchasing any crypto as they are subject to high volatility.
