coingape.com
- AXS is down nearly -10% over the last week
- Price has formed a bullish pennant
- AXS has been held by 120MA for 2 months
Axie Infinity (AXS) has experienced an amazing amount of growth over the last few months as the NFT market has surged to record highs. The game, Axie Infinity, is an NFT based online video game that uses the Ethereum based cryptocurrency, AXS. This metaverse type game has experienced an immense amount of growth over the last few months as AXS’s NFT collection is the most expensive collection of all time. Even though this use case has huge potential for the future, AXS price seems to need a larger correction before it can continue growth.