{"id":242148,"date":"2021-05-05T01:00:00","date_gmt":"2021-05-04T22:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/axie-infinity-axs-rallies-80-following-migration-to-ronin-sidechain\/"},"modified":"2021-05-05T01:00:00","modified_gmt":"2021-05-04T22:00:00","slug":"axie-infinity-axs-rallies-80-following-migration-to-ronin-sidechain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/axie-infinity-axs-rallies-80-following-migration-to-ronin-sidechain\/","title":{"rendered":"# Axie Infinity (AXS) rallies 80% following migration to Ronin sidechain"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a413d27b9f2a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a413d27b9f2a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/axie-infinity-axs-rallies-80-following-migration-to-ronin-sidechain\/#Shift_to_Ronin_sidechain_lowers_fees\" >Shift to Ronin sidechain lowers fees<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/axie-infinity-axs-rallies-80-following-migration-to-ronin-sidechain\/#Crypto_influencer_shines_a_spotlight_on_Axie\" >Crypto influencer shines a spotlight on Axie<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Axie Infinity (AXS) rallies 80% following migration to Ronin sidechain <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Nonfungible tokens were one of the hottest sectors of the cryptocurrency market from the start of the year until March but as is the nature of the crypto sector, NFTs cooled off significantly in April as the hype died down and high fees on the Ethereum (ETH) network hampered the ability of buyers and sellers to interact with the protocols.\u00a0<\/p>\n<p>The challenge of high fees eventually led some projects like Axie Infinity (AXS) and Smooth Love Potion (SLP) to migrate to other networks or embrace layer 2 solutions as a way to help lower costs. This move, along with a drastic reduction in ETH gas fees in the past two weeks could be part of the reason for the strong rally in AXS and SLP over the past week.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-05\/2c87f631-2c34-462e-89f2-33e3cd72e0f7.png\"><figcaption style=\"text-align: center;\"><em>AXS\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/AXSUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Data from and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/AXSUSDT\/\">TradingView<\/a> shows that the price of AXS rallied 83% from a low of $6 on April 25 to a high at $11 on April 29 while the price of SLP skyrocketed more than 1,000% from a low of $0.035 on April 25 to a new record high at $0.396 on May 2.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-05\/f38a553f-469e-4f44-88ec-027421cf1d00.png\"><figcaption style=\"text-align: center;\"><em>SLP\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/smooth-love-potion\"><em>CoinGecko<\/em><\/a><\/figcaption><\/figure>\n<p>Several reasons for the recent price growth of AXS and SLP include the migration to the Ronin sidechain for Ethereum, increases in community adoption and a sponsorship from a well known crypto influencer that helped draw new participants to the community.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shift_to_Ronin_sidechain_lowers_fees\"><\/span>Shift to Ronin sidechain lowers fees<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The most impactful event for AXS and SLP over the past two weeks was the full launch of Ronin phase 2 which required users of the platform to migrate their Axies, which are the in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> characters, along with their AXS, SLP and ETH tokens to the Ronin sidechain in order to continue engaging with the protocol. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">TIMES UP, LETS DO THIS <\/p>\n<p>Ronin phase 2 is live!!!<\/p>\n<p>Migrate your Axies for a buttery-smooth experience on Ronin, our Ethereum sidechain!<\/p>\n<p>Finally, we control our own destiny. <\/p>\n<p>Full details\/tutorial<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ToAkV9H4NO\">https:\/\/t.co\/ToAkV9H4NO<\/a><\/p>\n<p>\u2014 Axie Infinity (@AxieInfinity) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AxieInfinity\/status\/1387413449186050051?ref_src=twsrc%5Etfw\">April 28, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ronin is an Ethereum sidechain that was originally announced in June of 2020 and is designed specifically for the Axie Infinity community to support scaling and a smoother game play experience for a large number of users. <\/p>\n<p>The full migration to Ronin was completed on April 28 and was followed by the 1,000% rally in the price of SLP. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_influencer_shines_a_spotlight_on_Axie\"><\/span>Crypto influencer shines a spotlight on Axie<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second bump for the Axie community came with the May 3 announcement that pseudonymous digital landowner and crypto whale Flying Falcon had donated funds to the \u201cSponsor-A-Scholar\u201d program set up by Yield Guild Games, an open gaming community.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are proud to announce our new &#8220;Sponsor a Scholar&#8221; program where benefactors sponsor the SLP to create new <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AxieInfinity?ref_src=twsrc%5Etfw\">@AxieInfinity<\/a> teams for our player base.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Its_Falcon_Time?ref_src=twsrc%5Etfw\">@Its_Falcon_Time<\/a> has generously donated enough SLP to sponsor 50 new scholars into YGG! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/RHBE4iipUy\">https:\/\/t.co\/RHBE4iipUy<\/a><\/p>\n<p>\u2014 Yield Guild Games (@YieldGuild) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/YieldGuild\/status\/1389089510781112320?ref_src=twsrc%5Etfw\">May 3, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The move helped draw attention to the fact that Axie Infinity is more than just a collectible game, but rather a growing community that is capable of supporting its members and generating a steady return on invested assets.<\/p>\n<p>Momentum for the AXS token and the Axie Infinity ecosystem has been building for months in anticipation of the migration to the Ronin sidechain. <\/p>\n<p>According to data from Cointelegraph Markets Pro, market conditions for AXS have been favorable for some time. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-05\/21e2e9e7-8958-4ddd-9847-d9951b2486f5.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. AXS price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for AXS was elevated in the green zone for a majority of the month of April with the system registering a score of 78 on April 25, around 2 hours before the price increased 82% over the next two days.<\/p>\n<p>Now that the Axie Infinity ecosystem has transitioned to a lower fee environment and the number of daily active users continues to grow, AXS and SLP are two NFT tokens that may continue to rally higher, especially as blockchain gaming becomes a mainstream form of entertainment. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/axie-infinity-axs-rallies-80-following-migration-to-ronin-sidechain\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Axie Infinity (AXS) rallies 80% following migration to Ronin sidechain &#8221; Nonfungible tokens were one of the hottest sectors of the cryptocurrency market from the start of the year until March but as is the nature of the crypto sector, NFTs cooled off significantly in April as the hype died down and high fees&#8230;<\/p>\n","protected":false},"author":1,"featured_media":242149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvMzI0ZDkxZjUtMTBmZS00MTNhLTk3Y2QtYmFiMmRiYWQ2YzRjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74894,74863,74891,95119,74939,95118,83051,80,73785],"class_list":["post-242148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-blockchain","tag-cryptocurrencies","tag-ethereum","tag-layer2","tag-market-analysis","tag-nft","tag-sidechains","tag-games","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/242148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=242148"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/242148\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/242149"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=242148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=242148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=242148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}