The current picture for AXS doesn’t look very encouraging.
• Price: ~$0.89
• Trading sideways with extremely low volume for about a week.
• Market cap: ~$155M, 24h volume: around $8-11M.
• Still trading more than 99% below its ~$165 all-time high from 2021.
• No delisting from major exchanges such as Binance or Coinbase. Some smaller exchanges have removed certain futures/trading pairs.
• The Terrariums V1.1 update was released, but the market barely reacted.
At the moment, I don’t see a strong short-term pump signal. Without a meaningful increase in trading volume, it’s hard to expect a sustained recovery.
If this trend continues, it’s understandable that some investors may become concerned about the long-term outlook. Hopefully, the project team recognizes the situation and takes meaningful steps to restore confidence.
$AXS #binance #cz
• Price: ~$0.89
• Trading sideways with extremely low volume for about a week.
• Market cap: ~$155M, 24h volume: around $8-11M.
• Still trading more than 99% below its ~$165 all-time high from 2021.
• No delisting from major exchanges such as Binance or Coinbase. Some smaller exchanges have removed certain futures/trading pairs.
• The Terrariums V1.1 update was released, but the market barely reacted.
At the moment, I don’t see a strong short-term pump signal. Without a meaningful increase in trading volume, it’s hard to expect a sustained recovery.
If this trend continues, it’s understandable that some investors may become concerned about the long-term outlook. Hopefully, the project team recognizes the situation and takes meaningful steps to restore confidence.
$AXS #binance #cz