JUST IN: $AXS now on top 10 purchased tokens among 500 biggest #ETH whales in the last 24hrs ? AXS is an ERC-20 token that runs on the Ethereum blockchain.
#Axie infinity coinmarketcap free
Whale Interest in AXS GrowsĪccording to a Saturday tweet from WhaleStats, a website that provides free data on crypto whales, AXS was among the top 10 purchased tokens amongst the largest 500 Ethereum whales over the last 24 hours. If macro developments next week weighed on crypto, AXS could easily be headed back under its 50 and 21DMAs and towards recent lows in the $12s.
However, with the cryptocurrency currently at the top of a $12.00 to $18.00ish range that has prevailed now for more than a month, some might see current levels as an attractive sell. Should crypto sentiment continue to improve next week, a break above $18.0 could open the door to a swift rally towards the next major support-turned-resistance in the $27-$28 area.ĪXS/USD eyes rally above $18 resistance. However, the cryptocurrency has this week been unable to break above a key area of support-turned-resistance around $18.00. According to CoinMarketCap, during this time period AXS was up by around 6.0%, making it one of the best performing cryptocurrencies in the top 100 by market cap.ĪXS is currently on course to post weekly gains of around 18.5%. Positive headlines in the crypto press about increased whale interest in the token may have pumped it in the last 24 hours. The cryptocurrency was last trading higher on the day by about 12%, having pulled back a touch from earlier session highs to the $17.20 area. Play-to-earn game Axie Infinity’s native AXS token surged to its higher level since late June above $17.75 on Saturday, leaving its 50-Day Moving Average around $15.50 and 21DMA just below that at $14.83 in the dust. Axie Infinity (AXS) Eyes Push Above $18 Resistance Here is a list of Saturday’s top three trending coins.
This could provide a near-term boost for stocks and crypto. If the Fed does sound a little more dovish next week amid growing evidence of economic weakness and data confirms recession fears, markets may pull back on Fed tightening bets (as they did on Friday). This makes the Fed’s job in bringing down inflation more challenging. Meanwhile, after business survey data on Friday showed that the dominant US services sector likely contracted this month, data out next week will probably show that the US economy shrunk for a second successive quarter in Q2, confirming that the economy was in recession in H1 2022. The Fed is continuing on its quest to quickly lift rates above the so-called neutral level (around 2.5%) in order to get a handle on inflation which is at multi-decade highs and approaching double digits on a YoY basis. The tone of their reports will be a key factor in determining the near-term direction of US equity markets and, given their close correlation, cryptocurrency markets as well.Įlsewhere, the US Federal Reserve is expected to implement a second-successive 75 bps rate hike, which would lift the target interest rate range to 2.25-2.5% from 1.50-1.75%.
Apple, Amazon and Microsoft – three of the top four largest US companies by market cap – will have reported Q2 results by the end of next week. Firstly, the US earnings season continues with some heavy hitters reporting next week.