The Axie Infinity (AXS) and Smooth Love Potion (SLP) tokens have seen a recent increase in value as the gaming ecosystem of the platform rebounds. The SLP coin has risen by 65% from its lowest point this year, trading at $0.0035 on Friday. Similarly, the Axie Infinity coin has increased by 50% from its year-to-date low, trading at $5.87. Despite these gains, both tokens remain below their year-to-date highs. The number of visitors to the Axie Infinity website has increased by 11% in October, with the majority of traffic coming from the Philippines, Colombia, United States, and Brazil. Data also shows that the ecosystem's Unique Active Wallet (UAW) has continued to grow, with transactions, volume, and balance all rising. This increase in activity is fueled by gamers looking to accumulate AXS and SLP tokens in anticipation of the next bull run. Furthermore, the developers have launched a new feature, Wings of Nightmare, which has attracted significant volume and value to the platform. The price of AXS has risen above key resistance levels and is approaching the 23.6% Fibonacci Retracement level at $6.07. If the token continues its upward momentum, it could surge by 50% and potentially reach the extreme overshoot level at $7.03. However, a drop below the key support at $5 would invalidate the bullish view.



Other News from Today