Is Axie Infinity (AXS) On A Comeback? Experts Flock To Orbeon Protocol (ORBN) Presale Ahead Of Bull Market
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.
Axie Infinity (AXS) is the most famous play to earn game, released and built in the last bear market, peaking at the height of the bull market, then crashing due to faulty in-game tokenomics and developer decisions. The price of AXS followed these developments and the wider crypto crash, but in the last 30 days is up by over 70%.
Orbeon Protocol (ORBN) is a community based VC that will allow retail investors to invest in up and coming crypto projects, and its token ORBN is up 90% over the last 30 days as it enters the seventh stage of its presale.
Axie Infinity (AXS) pumps due to new games and a partnership with MetaLend
It’s been a tumultuous few years for Axie Infinity (AXS), which at its peak had over 2.7 million daily active users and generated around $215 million in weekly trading volume, according to The Block’s data dashboard. Currently there are around 400,000 active users and a weekly transaction rate of 520 eth or $874,287 according to the Axie Infinity (AXS) marketplace.
So what has caused the uptick in the price for Axie Infinity (AXS)? The Axie Infinity (AXS) team have been busy – releasing a new and updated game, enabling outside developers to build on its native chain Ronin and including some of those games in the official Axie/Sky Mavis dashboard, and getting their app approved for the Google Play store.
However, perhaps the most bullish development in terms of price is that Axie Metaverse Land can now be staked, as well as other items in the Axie Infinity (AXS) ecosystem. There is also a beta game solely for land owners. This seems to have generated demand as only 101 land plots out of 16,794 are currently offered for sale on their marketplace.
Another bullish development is that Axie Infinity (AXS) have partnered with MetaLend to enable their NFT holders to borrow up to 30% of their value. Staking for Axie Infinity (AXS) is coming shortly so this could well be the main reason for the pump.
From a technical analysis standpoint, the 23rd January showed a gravestone doji which is often the sign of a retracement, with analysts suggesting lows of $8. However, on a larger time frame we can see that Axie Infinity (AXS) has escaped the falling wedge that’s been occurring since May 2022, indicating a bullish target for Axie Infinity (AXS) of around $22.50.
That said, investors should note that there was a large token vesting unlock on the 23rd January – 1.8% of its total supply of 270 million, which may be another reason that prices have slowly declined since the high of $13.84 on that day.
Orbeon Protocol (ORBN) on its way to a 6000% increase according to analysts
Using the disruptive crowdfunding model for Orbeon Protocol (ORBN), startups can raise funds and engage with their community by offering reward and equity-based NFTs, each of which represents an investment opportunity and can be purchased by anyone in small fractions starting from as low as $1.
The Orbeon Protocol (ORBN) ecosystem includes the Launchpad, Orbeon Swap (a decentralised platform for cryptocurrency and NFT swapping) and the Orbeon Wallet (for buying, exchanging and holding cryptocurrencies and NFTs). Orbeon Protocol (ORBN) is currently worth $0.071, which is a massive increase from the initial seed round of $0.004.
The Orbeon Protocol (ORBN) team announced that they are way ahead of schedule with their roadmap and there are rumours that they will be pursuing launches on major exchanges such as Binance, Gate.io and Kucoin. Financial experts predict that the Orbeon Protocol (ORBN) token may well reach $0.24, representing a 6000% gain for early holders, which if correct, will be an incredible gain for Orbeon Protocol (ORBN) that Axie Infinity (AXS) will not be able to match.
Find Out More About The Orbeon Protocol Presale