{"id":289814,"date":"2021-07-02T22:42:03","date_gmt":"2021-07-02T19:42:03","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/axie-infinity-axs-and-waves-make-gains-as-bitcoin-flatlines-below-34k\/"},"modified":"2021-07-02T22:42:03","modified_gmt":"2021-07-02T19:42:03","slug":"axie-infinity-axs-and-waves-make-gains-as-bitcoin-flatlines-below-34k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/axie-infinity-axs-and-waves-make-gains-as-bitcoin-flatlines-below-34k\/","title":{"rendered":"# Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K"},"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-6a32563e21372\" 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-6a32563e21372\" 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-and-waves-make-gains-as-bitcoin-flatlines-below-34k\/#Axie_Infinity_AXS\" >Axie Infinity (AXS)<\/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-and-waves-make-gains-as-bitcoin-flatlines-below-34k\/#Waves_WAVES\" >Waves (WAVES)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/axie-infinity-axs-and-waves-make-gains-as-bitcoin-flatlines-below-34k\/#Bitcoin_hovers_near_33500\" >Bitcoin hovers near $33,500<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) price remains relatively unchanged on the 24-hour chart, down 0.56% and trading around $33,200 at the time of writing.<\/p>\n<p>The overall cryptocurrency market traded flat on July 2 with the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roach of the Fourth of July holiday weekend in the United States. The lackluster trading volume coincided with a slight decline in the total cryptocurrency market capitalization by $5 billion to its current value of $1.378 trillion.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/1f200915-a401-4d0d-9bfc-721d831f60d5.png\"><figcaption style=\"text-align: center;\"><em>Daily cryptocurrency market performance. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coin360.com\/\"><em>Coin360<\/em><\/a><\/figcaption><\/figure>\n<p>Despite the struggles faced by the market as a whole, data from Cointelegraph Markets Pro has identified bullish developments in Axie Infinity (AXS) and Waves (WAVES) thanks to recent developments related to nonfungible tokens. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Axie_Infinity_AXS\"><\/span>Axie Infinity (AXS)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Axie Infinity is a blockchain-based trading and battling <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> that allows players to collect, breed, raise, battle and trade token-based creatures known as Axies. Since hitting a swing low of $2.85 on June 22 as the price of BTC crashed below $29,000, the price of AXS has surged 125% to an intraday high at $6.40 on July 2 as the demand for Axie\u2019s continues to rise. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for AXS on June 29, prior to the recent price rise. <\/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\/2021-07\/62f5c367-52d4-4144-88c8-174ace17f1f1.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 first registered in the green beginning June 26 as the price of AXS began to slowly creep higher and finally reached a high of 83 on June 29 as its price began to climb another 45% over the next three days. <\/p>\n<p>At the time of writing, the VORTECS\u2122 Score for AXS had climbed to a new high of 86, indicating that there could still be more upside ahead for the price of Axie Infinity based on the previous price action of the token. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Waves_WAVES\"><\/span>Waves (WAVES)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Waves has also been identified by Cointelegraph Markets Pro as a strong performer after its VORTECS\u2122 Score turned bullish in late June. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/c6a47ba0-b453-4e74-a818-3cbb9bba99bf.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. WAVES price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen on the chart above, market conditions for WAVES were favorable during the last month of June with its VORTECS\u2122 Score reaching a high of 83 on June 27, just four hours before its price began to increase by 35% over the next three days from $13.31 to a high of $17.75. <\/p>\n<p>The VORTECS\u2122 Score for WAVES has once again climbed to 83 on July 2, hinting that the bullish case for WAVES may still be intact.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_hovers_near_33500\"><\/span>Bitcoin hovers near $33,500<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The overall weakness in the altcoin market stems from Bitcoin\u2019s price struggling below $33,400\u00a0as many traders appear to have gotten an early start to their holiday weekend. <\/p>\n<p><strong><em>Related<\/em><\/strong><em>: <\/em><em>44% of investors expect Bitcoin to drop below $30K in 2021: CNBC survey<\/em><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/b676d907-6784-4c05-874a-c2b36e598905.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT 4-hour chart. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the price of BTC has traded in a tight range between $32,650 and $34,000 on July 2 as traders wait for a major <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> event or on-chain development to initiate the significant price move for the top cryptocurrency. <\/p>\n<p>The current overall mood in the market is one of uncertainty, as displayed in the following tweet from Filbfilb, an independent market analyst and co-founder of the Decentrader trading suite, who remains \u201cundecided what happens next\u201d and is \u201cwatching for blood.\u201d <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Long weekend in the US. <\/p>\n<p>Opportunity to move the market to where people want to be filled.<\/p>\n<p>Given where we are max fkery likely..<\/p>\n<p>Lots of liquidity near. <\/p>\n<p>Im undecided what happens next.. the yellow path would be pretty funny, im waiting on what happens, watching for blood. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/VbIRiI32xz\">pic.twitter.com\/VbIRiI32xz<\/a><\/p>\n<p>\u2014 f i l \u20bf f i l \u20bf (@filbfilb) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/filbfilb\/status\/1410995615971020803?ref_src=twsrc%5Etfw\">July 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The overall cryptocurrency market cap now stands at $1.373 trillion and Bitcoin\u2019s dominance rate is 45.5%.<\/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. 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The overall cryptocurrency market traded flat on July 2 with the approach of the Fourth of July holiday weekend in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":289815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvN2FiODIxMmMtNjdjZS00YjA4LTgyMjEtOWM3ODAyZTNkYzdkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,74863,111039,74939,75150,95118,76583,73785],"class_list":["post-289814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-fungible","tag-market-analysis","tag-market-update","tag-nft","tag-waves","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/289814","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=289814"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/289814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/289815"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=289814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=289814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=289814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}