Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshin...
Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to....
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Rapid expansion in the Axie Infinity ecosystem and a parabolic rally from AXS triggered a 100% surge in the price of SLP. Last week Axie Infinity's AXS token went on an impressive parabolic run and hit a new all-time high at $19.60. Small Love Potion (SLP), a token in the Axie Infinity (AXS) ecosystem that is minted through gameplay as a reward to users, also broke out with a triple digit gain. SLP can then be used as a currency to breed Axies, which are nonfungible token-based creatures that populate the Axie Infinity world. SLP/USDT 4-hour chart. Source: TradingViewData from....
According to a regional report, the Philippines Bureau of Internal Revenue (BIR) is focusing on the blockchain-powered game Axie Infinity over tax concerns. Finance Undersecretary Antonette Tionko explained to the press that BIR is looking into methods aimed at capturing Axie Infinity players failing to pay their income taxes. Philippines Bureau of Internal Revenue Wants Its Cut From Axie Infinity Earners The Ethereum-game “Axie Infinity” has made waves not only in the crypto realm but also in terms of mainstream media attention. The game has gathered a lot of popularity and....
The price of the axie infinity tokens otherwise known as “shards,” has continued to skyrocket in value capturing fresh new price highs. The asset is changing hands for 10% lower than the all-time high (ATH) captured five days ago reaching $75.73 per unit. Axie infinity’s market valuation has also pushed itself into the top 50 most valuable crypto capitalization positions and currently rests at the 41st spot on Monday. Axie Infinity Popularity Grows The cryptocurrency project and Ethereum-based gaming community that leverages the Axie Infinity network has continued to....
Investors have been jumping into Axie Infinity (AXS) in a rush to leverage future upside. This ERC-20 token and its protocol could be the beginning of a new mania in the crypto space and a game-changer for the videogame industry. Inspired by the popular game Pokemon, Axie Infinity allows players to explore in an open-world […]
Axie Infinity has been on an absolute tear lately. The play-to-earn platform has become the face of a new integration of crypto and gaming that holds unbelievable potential. Axie Infinity has surpassed 1M daily active users, and is generating more revenue than any protocol or platform with the lone exception of Ethereum. Yes, Axie Infinity is yielding more fee revenue than major platforms such as OpenSea, Uniswap, Bitcoin, or the Binance Smart Chain. If you weren’t already paying attention to Axies, you probably should be. Need to get up to speed on the basics? Check out our report....