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A top crypto trader has warned owners of the Ethereum (ETH)-based game altcoin Axie Infinity (AXS) of a possible crash.
Pseudonym Analyst Altcoin Sherpa Warning His 184,700 Twitter followers saw a 65% increase in the price of the non-fungible token (NFT) gaming platform altcoins as they were unlocked once investors were able to sell their digital assets after the vesting period ended. He said it could fall further.
according to token unlock The app, representing approximately 8% of the total token supply, or 21.5 million AXS, is set to unlock in 3 days.
“Looks like $3 Axie has been given all unlocks. Be careful if you’re in here.”
As of this writing, AXS is trading at $9.15.
Altcoin Sherpa Next turn He said Bitcoin’s (BTC) latest price action is below the $19,000 price level, which may not sustain price resistance.
Why are so many people afraid of this price move in 2018? It reminds me of the $6,000 lower bound. A test is the best test, and then the reaction gets weaker and weaker.
Bitcoin is trading at $19,157 at the time of writing.
He also correlate Bitcoin Price at New Layer 1 Cryptocurrency Altcoin Project Aptos (APT), Pointing How technical analysis New coins won’t help.
Current trading range. If Bitcoin continues to fall, the next low is around $6.80
[Technical analysis] Not much value for newly listed coins, but still lots of volume and volatility. In my opinion it will probably set you back around $7.60. I still think this will move wildly if Bitcoin is stable.
As of this writing, APT is trading at $7.46.
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Featured image: Shutterstock/issaro prakalung/Salamahin
