As Bitcoin remains trapped below $34,000, Axie Infinity and Waves climb above the market’s volatility.
Bitcoin (BTC) remained flat on the 24-hour chart, down 0.56 percent and trading around $33,200 at writing.
With the Fourth of July weekend approaching in the United States, the entire bitcoin market traded flat on July 2. Due to poor trading volume, the global cryptocurrency market valuation fell by $5 billion to $1.378 trillion.
Despite the market’s issues, Cointelegraph Markets Pro finds positive trends in Axie Infinity and Waves due to recent nonfungible token developments.
This blockchain-based trading and battling game allows users to collect, breed, grow, battle, and trade Axies. AXS rose 125 percent to an intraday high of $6.40 on July 2 as demand for Axie’s soared.
Before the recent price surge, Cointelegraph Markets Pro’s VORTECSTM data identified a favorable prognosis for AXS.
The VORTECSTM Score is an automated assessment of past and current market conditions.
The VORTECSTM Score for AXS continued to rise on June 26 as the price of AXS rose significantly. It eventually reached 83 on June 29 as the price rose another 45 percent in three days.
The VORTECSTM Score for AXS has climbed to 86 at the time of writing, indicating that the price of Axie Infinity could grow further based on recent price behavior.
Waves select as a good performer by Cointelegraph Markets Pro after its VORTECSTM Score became positive in late June.
Market circumstances for WAVES were favorable during June with its VORTECSTM Score hitting a high of 83 on June 27. Only four hours before its price began to rise by 35% within the next three days from $13.31 to a high of $17.75.
On July 2, the VORTECSTM Score for WAVES increased to 83, indicating that the bullish argument for WAVES remains intact.
Bitcoin Trades $33,500
Several traders appeared to have started their holiday weekend early, as Bitcoin’s price remained under $33,400.
According to Cointelegraph Markets Pro and TradingView data, a major news event or on-chain development could cause a price surge.
As indicated by Filbfilb’s original tweet, an independent industry analyst and co-founder of the Decentrader trading suite, the market is currently uncertain and waiting for blood. The current market size is $1.373 trillion, with Bitcoin leading 45.5%.