With Bitcoin flat below $34,000, Axie Infinity (AXS) and Waves profit


Bitcoin (Bitcoin) The price remained relatively unchanged on the 24-hour chart, falling by 0.56%, trading at approximately $33,200 at the time of writing.

As the holiday weekend of July 4 in the United States approached, the entire cryptocurrency market was flat on July 2. While the trading volume was sluggish, the total market value of cryptocurrencies fell slightly by US$5 billion to the current US$1.378 trillion.

Daily cryptocurrency market performance. source: Coin 360

Although the entire market is facing difficulties, but from Cointelegraph Markets Pro Due to recent developments related to non-fungible tokens, Axie Infinity (AXS) and Waves (WAVES) have confirmed bullish developments.

Axis infinity (AXS)

Axie Infinity is a blockchain-based trading and battle game that allows players to collect, breed, breed, fight, and trade token-based creatures, called Axies. Since the BTC price fell below 29,000 and hit a low of $2.85 on June 22, as demand for Axie’s continued to rise, the price of AXS surged 125% to an intraday high of $6.40 on July 2.

VORTECS™ data comes from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for AXS began to be discovered on June 29.

Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points include a combination of market sentiment, trading volume, recent price changes, and Twitter activity.

VORTECS™ score (green) and AXS price. source: Cointelegraph Markets Pro

As shown in the figure above, the VORTECS™ score of AXS has been recorded in green since June 26th, because the price of AXS began to slowly climb, and finally reached a high of 83 on June 29th, as its price began to climb another 45% in the next For three days.

At the time of writing, the VORTECS™ score of AXS has climbed to a new high of 86, which indicates that based on the previous price movements of the token, the price of Axie Infinity still has more room for upside.

Waves (WAVES)

After its VORTECS™ score turned bullish in late June, Waves was also recognized by Cointelegraph Markets Pro as a strong performing stock.

VORTECS™ score (green) and WAVES price. source: Cointelegraph Markets Pro

As shown in the figure above, WAVES’s market conditions were favorable in the last month of June. Its VORTECS™ score reached a high of 83 on June 27, and its price began to rise by 35% in the next three days. The hour rose from $13.31 to a high of $17.75.

The VORTECS™ score of WAVES climbed to 83 again on July 2nd, suggesting that the bullish situation of WAVES may remain intact.

Bitcoin hovers around $33,500

The overall weakness in the altcoin market stems from the price of Bitcoin Struggling under $33,400 Because many traders seem to have started their holiday weekend early.

related: 44% of investors expect Bitcoin to fall below $30,000 in 2021: CNBC survey

BTC/USDT 4-hour chart. source: Transaction view

Data from Cointelegraph Markets Pro with Transaction view It shows that the price of BTC was trading in a narrow range between US$32,650 and US$34,000 on July 2, as traders waited for major news events or on-chain development to initiate major price changes in top cryptocurrencies.

The overall sentiment in the current market is a kind of uncertainty, as shown in the following tweet by Filbfilb, an independent market analyst and co-founder of the Decentrader trading suite, he is still “undecided what will happen next” and is “watching blood” . ”

The overall cryptocurrency market value is now $1.373 trillion, and Bitcoin’s dominance rate is 45.5%.

The views and opinions expressed here only represent the views of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading action involves risk, and you should conduct your own research when making a decision.