|

Axie Infinity price continues uptrend as Origin promises free Axies to players

  • Axie Infinity developers revealed Origin, a brand new battle experience that offers three free Axies to players. 
  • According to the latest announcement, Origin’s Alpha test version could hit markets by the end of March 2022. 
  • Analysts have an optimistic outlook for Axie Infinity price. 

Axie Infinity’s latest update to make the gaming economy more inclusive offers free Axies to players. The Origin release is much-awaited for its expansive onboarding experience and opening up the metaverse game to mainstream players. 

Axie Infinity price climbs higher post-Origin launch announcement 

Axie Infinity’s new release promises users a brand new interface, special effects and free starter Axies to recruit family and friends in the community. Sky Mavis, the developers behind Axie Infinity, is keen on opening the play-to-earn game to a broader audience. 

The release is yet to be finalized, and the game’s release will be complete before the end of Q1 2022. The Alpha launch window would offer developers the opportunity to refine the game before the final release is out. Origin would not offer SLP or AXS rewards in the Alpha phase; additionally, a formal launch would reset all trainer progress and resources. 

Season 0 would follow the Alpha Phase closely, implementing feedback from the test window to the final release. SLP earnings would transition from Battles v2 to Origin. Battles v2 would run parallel with Season 0 and shut down once the transition is complete. 

Proponents believe that the launch of Origin could act as a positive catalyst for Axie Infinity price. The metaverse gaming token started a price rally by posting 4% gains. Analysts at FXStreet have evaluated the Axie Infinity price trend and noted that the gaming token’s drop below $55 indicates it is in a bear market. 

Analysts argue that the composite level, considered an early sign of a turning point in trend, has hit new all-time lows for consecutive weeks. This indicator implies that Axie Infinity price could turn around and break into a rally. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network (PI) edges lower on Friday for the third consecutive day, approaching a local support trendline. The on-chain data suggests an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows.

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Zcash , MYX Finance, and Dash are the top-performing assets in the top 100 cryptocurrency list over the last 24 hours. The privacy coin leads the rally while MYX and DASH struggle to clear their 100-day Exponential Moving Averages (EMA).

XRP slides amid record on-chain activity, mixed technical signals

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual DEX had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.