Ähnlich wie Indonesien hat Malaysia den Kryptohandel nicht verboten, aber die Regierung will Krypto nicht als Zahlungsmittel zulassen.
Axie Infinity is rocketing – Here is why
A confluence of fundamentals and technical factors driving AXS price.
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Axie Infinity was trading at a key support level when bullish momentum rose in the broader market.
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Axie Infinity has the benefit of being the largest and most popular play-to-earn gaming platform in the market.
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Axie Infinity moving averages point to more gains in the short term.
Axie Infinity AXS/USD is one of the top crypto performers. In the past 7-days, Axie Infinity has been up by 32%, with most of the gains being recorded in the last 24-hours. The current pump is a mix of broader market momentum and the fact that Axie Infinity was trading at a key support level of $51.29 on the 100-day MA before the market started pumping.
That said, Axie Infinity’s core fundamentals are pretty strong, making it attractive to investors, especially now that it is trading at massive lows compared to its price in November 2021.
For instance, Axie Infinity is now the largest play-to-earn gaming platform in the market. As of February 2021, over two-thirds of NFT gaming transactions came from Axie Infinity. While Play-to-Earn games have slowed down in the past two months, Axie Infinity continues to command a lead in this space.
This is a big deal because now that the markets are turning bullish again, gamers and creators looking to make money off NFT gaming will be drawn more into Axie for its dominance in the gaming market.
Axie Infinity trading in a bullish channel
Source: TradingView
In the last 24-hours, Axie Infinity has been trending up, and buying volumes have shot up. The momentum that Axie Infinity has at the moment is most evident in the moving averages. The short-term moving averages 20-day and 50-day moving averages are outpacing the 100-day MA with a huge margin. This indicates that AXS’s price is now rising at an accelerated rate compared to its price over a more extended period.
Summary
Axie Infinity is in a breakout after bouncing off major support in the past week. Rising bullish momentum across the market coupled with Axie Infinity’s strong fundamentals are adding to the upside momentum.
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Why the $2 MATIC is within reach in the short term
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Polygon is trading in a bullish channel while making higher lows.
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Polygon is driven by a combination of market momentum and internal fundamentals.
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Among the fundamentals driving Polygon is its position as one of the most significant Ethereum scaling solutions.
Polygon MATIC/USD has been on an uptrend since March 16th. In this period, Polygon has moved from $1.39 to a high of $1.67 today. Polygon continues to gain upside momentum, and with the broader market turning bullish, it could easily break the $2 mark in the short term.
Besides its price being driven by broader market momentum, Polygon is heavily tied to Ethereum, which is a big deal in terms of its long-term growth. Ethereum’s transition to Proof-of-Stake will be complete in the next few months. Test runs are already a success, which means the much-awaited shift to Eth2.0 will be done soon.
The impact is that most Ethereum transactions will move to layer-2 solutions. Polygon happens to be one of the largest and most recognized Ethereum layer-2 solutions in the market. This means demand for Polygon and other layer-2 solutions is about to skyrocket. As this happens, the value of the MATIC token will also rally.
Polygon is making higher lows in a bullish channel
Source: TradingView
Since March 23rd, Polygon has been steadily rising while making higher lows. This means the demand is so high that every dip is being eaten up fast. If the current Polygon price action continues, $2 could be attained in the next few weeks.
Summary
Polygon is in a bull run at the moment. A combination of overall market momentum and improving fundamentals around the Polygon ecosystem driving its price. Among the fundamentals driving up Polygon includes expectations around Eth2.0. Ethereum will soon be relying heavily on layer-2 solutions to complete transactions. Being one of the largest among them, Polygon is uniquely positioned to gain the most in adoption.
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Waves (WAVES) gains over 240% in the last month alone
The crypto market has had very high volatility during the first quarter of the year. In March, we saw some decent upswings albeit markets remained very risk-averse. Despite this, there is one token that has been seeing incredible gains. Waves (WAVES) has been the star of March, and here is why.
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The coin has gained over 240% in the last 30 days or so.
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Waves has also outperformed the entire crypto market by a huge margin.
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The coin is now ranked among the top 50 biggest crypto assets.
Data Source: Tradingview
Waves (WAVES) – Where will it go next?
There have been several factors that have pushed Waves in recent weeks. More so however is the increased total value locked or TVL in some of the ecosystem projects. For example, The Neutrino Protocol, an innovative DeFi tool kit built on the Waves network has seen its TVL rise by nearly 350% in the last month alone.
There was also an announcement that Waves was planning to launch Waves 2.0, a much improved and efficient network. The announcement was made on February 11, and while the coin has had volatility since then, its overall trend has been upward.
Waves is looking at adding EVM compatibility with Waves 2.0, something that will bring cross-chain interoperability into the platform. The coin is expected to continue seeing this decent uptick in the near term. It could surge above the $3.3 billion market cap quite substantially.
Is it time to buy Waves (WAVES)
Waves (WAVES) has been doing very well to enhance the appeal of its ecosystem towards developers. It is also allowing a lot of innovative DeFi products to come to its protocol. The future is indeed bright, and it is likely we are going to see superb long-term value. As a result, it would make a lot of sense to buy the coin.
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Metaverse gaming: 3 Undervalued coins under the radar
Play-to-earn games have been quite popular in the blockchain in the last 12 months. There is no doubt this is a unique trend, and we expect games to become more integrated into the metaverse in the future. After all, the metaverse brings in new possibilities for blockchain gaming, and here is how:
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The metaverse will help create a gaming economy in digital ecosystems.
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The integration of AR and VR in gaming will be possible with the metaverse.
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The Metaverse is likely to change interactions between gamers forever.
Well, for investors who are looking for undervalued gaming coins that are fully integrated with the metaverse, we have three options below to consider:
Star Atlas (ATLAS)
While everyone else has been talking about Axie and Sandbox, Star Atlas (ATLAS) has been quietly building up its terrestrial game and bringing in a lot of active monthly users. The game is set in a virtual terrestrial world where players build spaceships to fight for the control of space.
Data Source: Tradingview
It offers one of the most incredible immersive gaming experiences thanks to its strong virtual reality. ATLAS is the in-game currency within the Star Atlas universe. It is also the governance token for the platform, and it is a great investment for people looking for metaverse gaming.
Alien Worlds (TLM)
Still, in the world of terrestrial dominance and outer space, Alien Worlds (TLM) is another metaverse gaming token that offers augmented and virtual reality as well. The good thing about this token is that it also integrates some aspects of DeFi. There is also a fully integrated NFT marketplace.
MetaBlaze (MBLZ)
MetaBlaze (MBLZ) is a relatively newer metaverse token that is hoping to create increased metaverse utility in both gaming and entertainment. The coin so far appears to have a decent list of backers and investors. It is something you should keep an eye on.
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