Why does AXS continue to increase in the market while others experience dumps?

[Dread Pirate Roberts]

Usually when Bitcoin declines or dumps by a few percent, almost all Altcoins also experience the same thing, but I found a surprising thing today where AXS continues to increase in price up to 40% which seems to have no connection or influence from Bitcoin decline.
The question is whether this is a trap or just an increasing buy demand?

I think it happen in any projects that are still hype and do have strong investment fundamentals. and it happened in axie. also nft game fans looking forward to updates on their land system and other updates as well which gonna launch december 2021 later . and maybe because the community is already big and the project is going well too . i dont think its trap or trick for anything . i could be wrong but personally not think that way.

[tbct_mt2]

I think it happen in any projects that are still hype and do have strong investment fundamentals. and it happened in axie. also nft game fans looking forward to updates on their land system and other updates as well which gonna launch december 2021 later . and maybe because the community is already big and the project is going well too . i dont think its trap or trick for anything . i could be wrong but personally not think that way.

Anxie Infinity in the mania phase and it is the leader in NFT gaming trend so it is very understandable to see it keeps rising when people got hyped with altcoins last week.

Anxie Infinity is too high now and I feel safer when I stay outside the hype. I don't want to gamble and hope for nothing. It is better when I can control risk and protect my capital.

This week, it is the show of Bitcoin. It rocked again and October will be the test that whether Bitcoin will manage to make a new all time high for this bull run. I believe it will break $64k either in October or November.

[Davian144]

I think it happen in any projects that are still hype and do have strong investment fundamentals. and it happened in axie. also nft game fans looking forward to updates on their land system and other updates as well which gonna launch december 2021 later . and maybe because the community is already big and the project is going well too . i dont think its trap or trick for anything . i could be wrong but personally not think that way.

Okay, but right now the price is $123 with a drop of almost 3%, well if that's not a trap, then it's more of the ongoing hype on NFT projects like in this AXS example where the pump is so big that it makes it really big strong in the community.

[Wakate]

The reason could because there is more demand for AXS than the selling range. We need to know that not all altcoins are dependent on Bitcoin for it to increase or decrease. Investors might have seen greater value in this coin that is making them to continuing purchasing the coin making the price to keep going upward. But we need to know that this coin has higher probability of falling when investors start selling there coins.

[SlimShadyMmp]

Simple play to earn community and niche I think Different sectors in crypto are beginning to show their emergence point and the gaming ecosystem where axie belongs is growing so fast and with play to earn mechanism I think is easy to see why it grow Dont forget esport where gaming is wild more wild than some business People invest so much  on characters and game play I think same think is happening in crypto and is may see great variety of p2e game on the horizon soon

[hello_good_sir]

There is definitely a lot of hype surrounding the NFT space right now.

My personal view is that a lot of hype regarding this is unjustified and is reminiscent of the 2017 pumps with ICOs and coins like STEEM.

AXS seems like a pretty good project but I don't think that the valuations stack up, given that it has virtually no utility outside of its own metaverse.

[Beparanf]

There is definitely a lot of hype surrounding the NFT space right now.

My personal view is that a lot of hype regarding this is unjustified and is reminiscent of the 2017 pumps with ICOs and coins like STEEM.

AXS seems like a pretty good project but I don't think that the valuations stack up, given that it has virtually no utility outside of its own metaverse.

Yes, Hype is the real answer. The game just announced that they are planning to built a  DEX which AXS token will be the utility, Knowing how many players and investos on this project. Any major news can easily pump this project without any interference from the crypto market condition. The project itself has there own loyal and solid community which is responsible for creating this hype. Swing trader, shrimp and other traders outside the game is just riding the wave that's why the growth continues in incredible rate.

[molsewid]

Yes, Hype is the real answer. The game just announced that they are planning to built a  DEX which AXS token will be the utility, Knowing how many players and investos on this project. Any major news can easily pump this project without any interference from the crypto market condition. The project itself has there own loyal and solid community which is responsible for creating this hype. Swing trader, shrimp and other traders outside the game is just riding the wave that's why the growth continues in incredible rate.

And because of the hype of this game makes it also a rises of the investors that this project have had acquired this year which started to rise at the Q1 of the year up until now. Due to many investors and more investors coming to this project that's why there's no doubt that even bitcoin has dumped AXS were still pumping. The game has now have a strong and big community that makes it more valuable than before that's why I think the rise of the AXS price was not a trap

[ipanks]

Maybe those investors still are interested in AXS to increase the price while the other coins experienced getting dumps. With bitcoin price now being up and down like before, AXS back getting green candle and it could make the price continue increases. But the hype can still happen to the market so it needs more research to find more information about AXS if you are interested in investing in that coin. Maybe waiting for a while until the price gets a correction will be a good time to buy.

[doomloop]

SLP price keeps dropping though? It is around 8 cents right now. That means an average person makes 8 dollars per day if they grind it every day. Which is not bad don't get me wrong, that is 240 dollars per month, but this was a lot more. AXS is still high but SLP drops which is a problem for the axie community.

I do not know which one will break first, either SLP will go up as well just like AXS and make it valuable with each other. However if AXS breaks and it goes down because people are not making as much profit as they used to, then it will be a doomsday for the people who are playing the game for profit. I never liked the "game" part of it anyway, I really hope something much better comes up.

[Johnyz]

SLP price keeps dropping though? It is around 8 cents right now. That means an average person makes 8 dollars per day if they grind it every day. Which is not bad don't get me wrong, that is 240 dollars per month, but this was a lot more. AXS is still high but SLP drops which is a problem for the axie community.

I do not know which one will break first, either SLP will go up as well just like AXS and make it valuable with each other. However if AXS breaks and it goes down because people are not making as much profit as they used to, then it will be a doomsday for the people who are playing the game for profit. I never liked the "game" part of it anyway, I really hope something much better comes up.

There’s no new way yet to Burn SLP, so I will see its price to remain on the price of $.06 - $.09, but if there’s a new burning system, it can go high as $.2 again.

AXS is the main token for breeding, and since the update of staking, airdrop its price started to pump, many believes that AXS can still go higher but for me its already overbought and we might see its correction as well, so be careful and keep analyzing, don’t get ride because of the hype.

[tbct_mt2]

SLP price keeps dropping though? It is around 8 cents right now. That means an average person makes 8 dollars per day if they grind it every day. Which is not bad don't get me wrong, that is 240 dollars per month, but this was a lot more. AXS is still high but SLP drops which is a problem for the axie community.

What is the connection between SLP and AXS?

I see potential of growth from SLP on the price chart but I fail to see the connection between SLP and AXS. Did I miss something?

Why the fall of SLP is a problem of Axie community?

There’s no new way yet to Burn SLP, so I will see its price to remain on the price of $.06 - $.09, but if there’s a new burning system, it can go high as $.2 again.

My target to take profit with SLP is $0.15 and the next one is $0.3. Burning or not, I don't care because the game is when whales finish their accumulation and retail investors shake hands to give control to whales, whales will pump SLP.

[geegaw]

Simple play to earn community and niche I think Different sectors in crypto are beginning to show their emergence point and the gaming ecosystem where axie belongs is growing so fast and with play to earn mechanism I think is easy to see why it grow Dont forget esport where gaming is wild more wild than some business People invest so much  on characters and game play I think same think is happening in crypto and is may see great variety of p2e game on the horizon soon

Sports games and games that compete and fight against each other, the community of players pouring money into the character is an indispensable piece of code for players and producers, reducing the complexity plus enhancing the character's strength is the desire of the player while this piece of code is the developer's revenue supplement. However, AXS is not such an example, this game product cannot compete with the leading game companies in terms of value items as well as the level of player harmony, the increase in AXS just alludes to the topic of earning in-game earnings that is stirring up and creating a lot of public opinion spirals

[Oceat]

SLP price keeps dropping though? It is around 8 cents right now. That means an average person makes 8 dollars per day if they grind it every day. Which is not bad don't get me wrong, that is 240 dollars per month, but this was a lot more. AXS is still high but SLP drops which is a problem for the axie community.

I do not know which one will break first, either SLP will go up as well just like AXS and make it valuable with each other. However if AXS breaks and it goes down because people are not making as much profit as they used to, then it will be a doomsday for the people who are playing the game for profit. I never liked the "game" part of it anyway, I really hope something much better comes up.

It's probably the SLP will going to break first since it's obvious as you can see the price keeps dropping while the AXS is yet in a healthy state and I think it's because of the NFTs that they are selling that's why the AXS price is still going on while the SLP is not that profitable unlike before when it was in the trend.

I don't know if some people would still be giving some money on the game it the SLP price is dropping. And I think it's probably because of the breeders that's why AXS is still not dropping like what happened to ALS token. Devs are constantly changing the rules of the game to be able to maintain the stability of the game since most people are only after the ROI then pulling out their money which is not healthy in the Axie Community.