Axie Infinity has attracted gaming and cryptocurrency enthusiasts’ attention after the launch of Origins S12, the long-awaited postseason.
The Elite 8 Tournament will start next week, on April 21, and is at the heart of this craze.
Origins S12 Postseason is now underway! The Elite 8 tournament approaches Congrats to Enrico on your Final Era victory Elite 8 Tournament is April 21st Collectible Axie Ticket Rewards Coming Soon Play Origins : hub.skymavis.com/games/origins Full announcement :
Global players will compete in a two-stage elimination setup to win lucrative prizes, such as AXS Tokens.
As the daily chart shows a descending channel, it suggests that the token will break out past $3.2.
This would be a near 50% increase from AXS’s current price. The tournament buzz is enough to drive this significant rally.
Axie Infinity high-level tourney with cryptocurrency rewards
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The Elite 8 Tournament is the culmination of Enrico’s dominant performance during the regular-season.
Eight of the world’s top gamers will compete for prestige and crypto-prizes in this high-level tournament.
The final phase begins on Monday, 21 April. Participants will get a second chance to win after their first defeat thanks to the double elimination model.
The winning participants must submit 3 different teams each consisting of three Axies.
Axies, digital pets in Axie Infinity, are virtual animals that you can raise and breed. You can also use them to fight, create kingdoms, or even battle other users.
Participants will be pushed to the limit by this competition.
After submission, for example, no team changes or overlapping will take place. A winning team cannot be used for another game.
Morph Tickets will be provided to competitors as a form of support. They can then use them for customizing their lineups and pre-games. This ensures fairness and transparency throughout the entire tournament.
Participants will be competing for the 3,000 AXS prize pool. The collectible tickets will strengthen Elite 8’s economic.
Tickets holders can enjoy AXS tokens worth 7,000, which are distributed automatically based on their ticket numbers. Each ticket is worth 0.371523mAXS.
Price Breakout for AXS is imminent
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Axie Infinity’s ecosystem is anticipating a buzz when the Elite 8 Tournament begins next week.
Native coin AXS could see explosive price increases as it appears to be on the verge of a breakout.
Analyst Crypto Target highlights altcoin price movements within a daily timeframe descending pattern.
A short-term bullish trajectory for AXS could be achieved by reclaiming the middle channel region.
Source: Crypto Target on X
The hype surrounding Origins S12 & Elite 8 Tournament could lead to a remarkable rally.
Analysts predict that prices will rise to $3.20, which is a 50% price increase over the $2.14 price currently in place.
The resistance levels at $5 and $6 could be reached by rallying above the stability level of $3.2
Crypto Target is a stated product.
Look for the middle to be reclaimed, followed by an upward trend towards $3.25+.
The focus is on Monday. With the buzz surrounding the tournament, it could be the catalyst to a breakout in the daily charts.
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