Axie Infinity Review: What The Data Tells Us
Let's talk about Axie Infinity for a moment. I've pulled together some key metrics that paint an interesting picture.
📈 Current Price Action
At $1.11, the price action has been quite volatile lately. We're seeing bearish pressure over the past week. The monthly chart shows significant correction from recent highs.
Axie Infinity price movement over the last 7 days
💰 Market Metrics
With a market cap of $184.83M, it's ranked #284 in the crypto market. The 24h volume of $58.79M represents 31.81% of the market cap, which indicates strong trading activity.
| Metric | Value |
|---|---|
| Current Price | $1.11 |
| 24h Change | -16.89% |
| 7d Change | -12.25% |
| 30d Change | -28.51% |
| Market Cap | $184.83M |
| 24h Volume | $58.79M |
| Market Rank | #284 |
🪙 Supply Dynamics
There are $167.15M coins in circulation out of a maximum supply of $270.00M (61.91% circulating).
📊 Historical Context
The all-time high was $164.90, and we're currently 99.33% below that level. The all-time low sits at $0.12, which means we're 793.77% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.
🤔 My Take
The fundamentals tell us Axie Infinity is in a consolidation phase. The fundamental metrics show room for growth if fundamentals improve.
As with any crypto investment, only allocate what you can afford to lose.
🎯 Final Thoughts
This is what I'm seeing with Axie Infinity right now. Obviously, crypto moves fast and things can change quickly. Drop your analysis in the comments!
This is not financial advice. Always do your own research before making investment decisions.
Upvoted! Thank you for supporting witness @jswit.