Axie Infinity, Enjin Coin, and Chiliz signal a buy on today’s charts, let’s see why!

Axie Infinity AXS/USD is a blockchain-based trading and battling game that a lot of players seem to be enjoying, as its token is rising in value. Enjin Coin ENJ/USD provides blockchain-based gaming products. 

Chiliz CHZ/USD is a leading digital currency for sports and entertainment. All of them mark the future of collectibles and the value of in-game assets.

Should you buy Axie Infinity (AXS)?

On July 27, Axie Infinity (AXS) had a value of $47.

To analyze and predict its value, we will look at its highs and lows historically.

AXS had its all-time high of $49.33 on July 27.

When we look at June’s performance, AXS sat around the $4 mark throughout the entire month.

However, when we analyze the following month, on July 7, it jumped to $16 for the first time, marking a new high in value. On July 13, we saw it leap again to $22, and it jumped to $28 on July 15.

Then on July 24, it jumped to $47 and has been rising steadily since.

According to data from IntoTheBlock, AXS saw $67.81 million in transactions greater than $100.000 in the last 7 days.

At this rate, the AXS token has the potential of getting to the $55 value mark by the end of July, and up to $60 by the end of August, making it a worthwhile purchase. 

Should you buy Enjin Coin (ENJ)?

On July 27, Enjin Coin (ENJ) had a value of $1.31.

To analyze and predict its value, we will look at the highs and lows throughout ENJ’s history.

ENJ had its all-time high on April 9 at $3.94.  When we look at its performance in June, on June 4, ENJ was valued at $1.68. Then on June 22, it saw one of its lowest points at $0.79.

According to data from IntoTheBlock, ENJ saw $141.04 million in transactions greater than $100.00 in the last 7 days. It also saw $39.25 million in total exchange inflows in the last 7 days. ENJ even saw $39.49 million in total exchange outflows in the last 7 days.

This gives us a clear perspective as to how high and how low the coin has gotten in value. Based on this, we can expect its value to kick back up to the $1.50 range by the end of August.

Should you buy Chiliz (CHZ)?

On July 27, Chiliz (CHZ) had a value of $0.25.

Let’s see how it historically performed.

CHZ saw its all-time high value on March 13 at $0.87.

Analyzing its performance in June, it saw one of its highest points at $0.33 on June 11 and one of its lowest at $0.15 on June 22.

According to data from IntoTheBlock, CHZ saw $140.52 million in transactions greater than $100,000 in the last 7 days. It also saw $38.11 million in total exchange inflows in the last 7 days. CHZ even saw $45.26 million in total exchange outflows in the last 7 days.

This means that it has potential for growth and we could see it climb back up to $0.35 by the end of August and that makes it a solid purchase.

The post Axie Infinity, Enjin Coin, and Chiliz signal a buy on today’s charts, let’s see why! appeared first on Invezz.

Publication date: 
07/27/2021 - 18:09
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.