- Santiment tweeted that network activity for AXS and SLP cooled down.
- AXS’s price surged a whopping 45% over the last 24 hours.
- Technical indicators suggest that AXS’s price may continue to climb.
The blockchain intelligence firm, Santiment, tweeted today that Axie Infinity (AXS) and Smooth Love Potion (SLP) have “come back to earth after address activity slowed down last week.”
According to the tweet, another price rally for the altcoins could take place if network growth begins picking up steam. Currently, the prices of both SLP and AXS have risen over the last 24 hours according to CoinMarketCap.
At press time, the price of SLP is up 10% to now trade at $0.003016. In addition to strengthening against the US Dollar, SLP’s price has also strengthened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 10.55% and 9.34% respectively.
AXS posted astonishing 24-hour gains and is up 45% in the last 24 hours. At press time, AXS is changing hands at $13.35. It also strengthened against BTC and ETH by 46.03% and 44.54% respectively.
The surge in the price of AXS can mainly be attributed to the large quantity of trading volume that entered AXS’s charts over the last 24 hours. The trading volume for AXS currently stands at $1,348,788,083, which is a 925.14% increase compared to what it was yesterday.