The unstoppable Axie Infinity is in a continuous skyrocketing state with no barriers ahead.
Axie Infinity (AXS) has risen to an all-time high, and acquisition pressure can very well push AXS past the psych resistance level of $200, given the robust growth it has experienced in less than 2 days.
The cryptocurrency markets are seeing a resurgence in buyers, and Axie Infinity (AXS) is reaping the benefits. After increasing 40% in the last 24 hours, the NFT-based blockchain game coin achieved a new all-time high of $154.
The buying surge has had a positive impact on the market overall, with $193 billion flooding right back into crypto.
To illustrate, Bitcoin (BTC) and Ethereum (ETH), the two most valuable cryptocurrencies by market capitalization, in the last 7 days have incurred a surge of more than 10%. Over the same time frame, lower-cap coins like Solana (SOL), VeChain (VET), and Theta (THETA) have increased over 20% in market value.
Axie Infinity (AXS) and several other coins have reached new all-time highs from this recent buying pressure. Since September 28, the cryptocurrency has gained 86 points, representing a 135% surge in price. Axie Infinity (AXS) could experience more gains as it has entered the price discovery mode already.
Axie Infinity (AXS) looks poised for fresh all-time highs now that it has incurred a phenomenal rise. A surge in buying pressure might bring the asset closer to the next psychological resistance level of $200.
Also read: Axie Infinity (AXS) Price Prediction 2021 and Beyond – Will AXS Hit $200 in 2021?