The performance of crypto AXS, LUNC, ARB
What is the latest crypto news about Axie Infinity (AXS), Terra Classic (LUNC) and Arbitrum Crypto (ARB)? We take a look at updates and price trends in crypto.
Analysis of AXS, LUNC and ARB crypto assets.
It is worth recalling that Axie Infinity (AXS) is an ERC 20 governance token to enable the operation of the Axie blockchain. The LUNC token, on the other hand, is the evolution of Luna and its related blockchain Terra.
Finally, Arbitrum Crypto is a blockchain platform developed by Offchain Labs, a company that aims to make cryptocurrencies more scalable, secure and easy to use.
AXS price performance: will it reach $15 in 2023?
The Axie Infinity price forecast suggests maximum recovery of AXS cryptocurrency during 2023, which is believed to reach $15as speculated by analysts.
In fact, Axie Infinity may rise with a strong bullish rally by the end of 2023. The price of AXS cryptocurrency needs to break through the primary resistance level of $9.00 to rise towards the recovery level of $15.
Additionally, the price of Axie Infinity must maintain and rise with a strong upward trend to restore the high during 2023. The price of Axie Infinity was $8.53 and increased 6.36% of the market value during the previous week’s trading.
However, trading volume fell by 23% during intraday trading. This shows that sellers are trying to mine the AXS cryptocurrency. The price prediction of Axie Infinity suggests the recovery phase of the AXS cryptocurrency.
As such, when trading volume increases, AXS can skyrocket. However, the volume change is still below average and needs to grow during the trading session.
Meanwhile, the AXS cryptocurrency is trying to hold on to the 20-EMA as it strives to reach the 50, 100 and 200 day daily moving averages. Anyway, the price of the Axie Infinity has recovered approx 15.47% in a week and Axie’s quarterly share is also positive with 27.78%. In addition, the price of Axie Infinity has increased approx 40.89% since the beginning of the year, confirming the maximum extraction of AXS during 2023.
Crypto Updates: LUNC Crosses 50 Billion Token Burn Threshold
The Terra Classic community (LUNC) has finally crossed over 50 billion symbol burn threshold. Although this amount represents only a fraction of Terra Classic’s supply, it underscores the community’s efforts to rejuvenate the asset.
Total burns recently reached 50.11 billion tokens after a series of burns performed in the past week. As of last Wednesday, there was total fire damage to 49.7 billion tokens: this means the community has burned 410 million tokens in the last week.
As the largest single burner, Binance accounts for 28.95 billion tokens, about 57% of the total 50.11 billion tokens burned. We remind you that the exchange burned an estimated 8.8 billion LUNC in a single transaction earlier this month.
Centralized exchange MEX is fourth on the list, with 1.017 billion tokens burned so far. In addition, Validator LUNC DAO has burned 450 million, and secured the fifth position, while All nodes is sixth with 344 million tokens.
Cremation coin, a recently launched project, is seventh, burning 265 million LUNC. Despite efforts to support the fire campaign, some members of the Terra Classic community have complained about the slow burn rate, noting that the current burn rate will barely make a dent in the asset’s abundant supply.
In this regard, some data suggests that the total tokens burned represent 0.729% of the total supply of 6.8 trillion LUNC assets. The current burn rate is 198.1 million LUNC per day. At this speed, approx NOK 401 billion Terra Classic, or 5.837% of the total supply, will be burned over the next five years.
New ARB crypto: how is performance?
A week ago, Ethereum‘s Layer-2 scaling solution Arbitration announced the launch of its initial token called ARB and since then the IOU markets have been launched giving some indication of how much the token might be worth.
The requirement for ARB starts on March 23rd and when people get their coins on the exchanges, the value of the token can turn out to be very different. Currently, ARB has been hovering around the value of $5.41 to $7.92 per unit in the last 24 hours.
Cryptocurrency market price aggregation website Coinmarketcap.com (CMC) shows the current value of ARB via exchanges that have launched IOU markets. According to CMC data, the ARB IOU token hit an all-time high at $14.02 per unit on March 19.
Since then, the IOU token has declined approximately 51.43% from its record high three days ago. ARB IOU tokens also recorded a low of $2.81 per unit and current prices are 140% higher at $6.88 per coin.
While 24-hour calculations show prices between $5.41 and $7.92, IOU recorded global trades of 8.7 million dollars the last day. At the time, ARB markets lost nearly 8% against the US dollar on Wednesday, 15 hours before the start of ARB claims.
Cryptocurrency analytics platform Dune Analytics lists several ARB airdrop tracking tools ready to go live on March 23. When requests begin, the tools present calculations highlighting the total ARB required, the number of unique ARB holders and other allocation data.
The current IOU value of the ARB token is higher than Optimism’s native governance token OP. The current value of OP is approx $2.53 per unit and there is a circulating supply of 314,844,141 OP.
As mentioned earlier, when real ARB tokens start trading, the market value can change significantly, and the historical high and low value of the IOU token indicates that these changes are likely to continue for some time.
