As 2023 draws to a close, Bitcoin‘s price hovers around $42,700 after a year of tumultuous market activity. Mid-year, many cryptocurrencies plunged below their November 2022 lows, but those who capitalized on the dip later sold at significant gains. With optimism peaking for 2023, investors anticipate continued rallies that could reach double or even triple digits.
AXS Coin, a Play-to-Earn (P2E) token, is currently struggling at $9.43 with a market cap of $1.24 billion due to waning interest in the sector. Despite the decline in excitement for Metaverse, NFTs, and P2E, emerging categories like AI and RWA have seen substantial growth. However, this does not rule out the possibility of AXS Coin experiencing impressive growth next year.
Axie Infinity has announced a new upgrade for Axie Origins, set to release on January 3rd, introducing “Parts Evolution Utility” with dynamic NFTs. This is significant as it echoes the past success of upgradable NFTs like STEPN. Investors will now have the opportunity to engage with AXS Coin both as players and by spending time in the application to develop their NFT characters.
After a drop to $4.05 in October, AXS price has shown an uptrend. The following month, it broke free from a 520-day resistance trend line, indicating the end of a long-term bearish period. If the token garners expected interest in January, it could surpass the $9.5 resistance area and climb beyond $11.15, with a major resistance at $19, double its current level.
NEAR Coin, the 23rd largest cryptocurrency, has managed to recover from the FTX collapse, though not as significantly as SOL Coin. A key development for NEAR Coin was the NEAR Block Explorers update. Like AXS, NEAR broke its long-term downward trend in October, overcoming the $3.2 resistance area.
This week, the altcoin rose to $4.62. If it can maintain the critical zone as support, it could see a 50% increase to $6. However, closing below $3.1 could trigger a significant price drop to $2.1.