Axie Down By 1.88% – Time To Buy AXS?

• Investors to buy AXS as Axie Infinity Marketplace Adopts Crypto Flexibility Enhancement
• Axie Infinity Updates Community Development and Builders Program
• BreederDAO To Launch Staking Program

Axie Infinity is a blockchain network known for its trading and battling game. Investors buy AXS to have a voice in the future development of the token and participate in certain sales or auctions.

The blockchain was inspired by famous games, such as Pokémon and Tamagotchi. Players can collect, breed, raise, battle, and trade token-based creatures known as Axies. Each Axie, a non-fungible token (NFT) with distinct features and strengths, can be used in 3v3 battles. The network is partly owned and operated by its players.

Axie Infinity Updates Community Development and Builders Program

Axie Infinity has disclosed its updates and expansion on some of the terms of the Builders Program following a large number of submissions for the project. This offers an attractive option for investors who choose to buy AXS and participate in the program.

The new update will ensure that builders are rewarded for creating value within the Axie ecosystem. Also, the system will be structured so that value from these projects will accrue back to the Axie Infinity community and AXS holders.

Hence, Axie Builders will be allowed to build, gain experiences, and develop what works as the blockchain plans to eliminate frictions. Additionally, the Axie Infinity intellectual property will be protected from being used in ways that could negatively impact the ecosystem.

Axie admitted that Builders have infinite potential in the Axie Infinity community. Therefore, the network aims to encourage and reward users who choose to build amazing experiences for everyone. As a result, Axie has doubled the minimum AXS grant to $10,000 for teams who make it into the program.

Furthermore, the network has disclosed that, in the future, Axie will be creating systems to allow the community to provide feedback on the kinds of projects they would like to build.

Axie Infinity Marketplace Adopts Crypto Flexibility Enhancement

Jeff Kam, Axie Infinity product designer, has announced a new update to the game’s marketplace. Axie will now allow users to buy AXS and other assets using any token. Katana, a tech service, made this enhancement possible.

The tech service enables users to swap cryptocurrencies using one simple transaction. Katana will allow a detailed review of currency swaps. According to Kam, this will provide buyers and sellers with a ‘more flexible’ experience.

BreederDAO To Launch Staking Program

Breeder DAO, the play-to-earn guild of Axie Infinity, in collaboration with Vault.Inc, has announced the launch of its Staking Program.

30,000,000 BREED (3% of the total supply) have been allocated for DAO participating members, so BREED (Breeder DAO’s token) holders who participated in the token launch auction can begin to stake.

Technical Analysis

AXS is down 1.88% in the last 24 hours with a $39.35 price peg. The digital asset reveals a bearish trend. This could be because the global crypto market is currently experiencing a 0.23% decrease.

However, despite the current downtrend, investors may buy AXS as the asset is trading above its MA and EMA indicators. This shows that the digital asset may be ready to regain its bullish streak in the coming days.

AXS has a 50-day moving average (MA) of $39.29 and a 50-day exponential moving average (EMA) of $39.22. The digital asset also shows a positive moving average convergence divergence (MACD), further indicating a buy signal. AXS is trading above its 61.8% Fibonacci retracement level of $39.22. Its relative strength index of 59.29 shows that it is underbought. Investors can buy AXS to grow with the market.

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