Axie Infinity price expected to rally ahead of major network updates
- Axie Infinity announces Origin alpha test launch within a few months in its January 2022 update.
- The Axie Infinity development team is working on the “Project K trading feature” to support in-game trading of items.
- Analysts have predicted that the daily structure of Axie Infinity price trend could breakout of the wedge.
Play-to-earn gaming giant Axie Infinity revealed major development updates for 2022. The team is working on a feature to support the in-game trading of items between users. This update will likely take over a month to be live.
Axie Infinity developers reveal major updates for 2022
One of the largest metaverse tokens, Axie Infinity, revealed major development updates in 2022. The play-to-earn gaming token enjoys a community of actively engaged players and investors.
The development team is currently working on a key update, the “Project K trading feature.” The feature is expected to enable in-game trading of items among users. The feature would take over a month to finish development and launch, according to the Axie Infinity newsletter.
Interestingly, the Axie Infinity team is working on a target alpha test launch in 2022. Origin (Battle V3) would introduce new economic balancing features. Features like a vertical progression of Axies would boost utility and adoption among investors.
The development team has shared 3-dimensional (3D) models created for “Project K trading feature” in a recent blog. The team is working on simplifying the onboarding process through the launch of Origin.
@Call_Me_Cypher, a cryptocurrency analyst and trader predicted that the daily structure of the Axie Infinity price could break out of the wedge and move higher.
$AXS moon mission soon
— Cypher (@Call_Me_Cypher) January 17, 2022
I'll be interested if we see a "daily" structure "breakout" of the wedge.. $AXS is one of them coin that moves if it wants to without concerning itself with $BTC. pic.twitter.com/fyPTasSxOX
@Crypto_Scofield, a crypto analyst and investor, has set a target of $89 for Axie Infinity price. FXStreet analysts evaluated the Axie Infinity price trend and predicted a 26% advance in the price of the play-to-earn gaming token.
Author
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.
