The price of Axie Infinity is approaching zero, and holders are flocking to this new viral meme coin - How to Buy Early?

Axie Infinity’s AXS token recently faced a pivotal moment with a massive $156 million token unlock on April 23 as the play-to-earn gaming sector continues to buzz.

Despite recent losses, AXS remains the third-largest cryptocurrency in the gaming industry.

With the broader market downturn and the recent unlock, investors are now closely monitoring the potential effects on AXS price trends in the future.

Axie Infinity (AXS) Price Analysis

AXS is currently trading at $7.79 (a -1.64% change in 24 hours).

This comes after a sustained bleed out, with price action trapped within a bearish pendant pattern, which has seen AXS fall -8% in April alone.

Things are looking bleak for this GameFi favorite, with a suppressive price ceiling forming around a descending resistance level formed by the overhead 20 and 200-Day MAs.

Despite the fact that the RSI has dropped to an oversold level of 37, the MACD is still highlighting bearish divergence at -0.13.

The upside potential is limited, but a short-term bounce back to resistance levels around $9 (a potential +16% jump) is possible.

However, if sell pressure and unlocks continue to push price action lower, AXS is likely to fall to a lower support level of $5.57 (a -25% capitulation).

Overall, Axie’s bleak outlook gives AXS a risk:reward ratio of 0.62, indicating a troubled entry with significant downside risk.

With such volatile downside price action, many investors are taking advantage of the market’s downturn to identify and invest in promising prospects ahead of the next bull run.

Best April Presale: Love Hate Inu (LHINU)

Love Hate Inu (LHINU) is a rising meme coin with a twist.

As the price of Axie Infinity fluctuates, now is an excellent time to consider alternative investments such as Love Hate Inu (LHINU), a rapidly growing meme coin.

LHINU has quickly gained popularity and raised $5.8 million in funding thanks to its unique Vote-2-Earn platform, which combines meme coin tokenomics with blockchain-based voting.

Love Hate Inu: Transforming Blockchain Voting and the Survey Industry

The innovative Vote-2-Earn system, which capitalizes on social media virality by engaging online communities in polarizing debates, is the key to LHINU’s success.

Users can use their LHINU tokens to vote in polls on popular topics and issues, earning LHINU tokens as they do so.

The platform of Love Hate Inu ensures secure and transparent voting, preventing spam and manipulation.

The voting process is both verifiable and anonymous, thanks to smart contracts and KYC securing the staking mechanism.

This positions LHINU to use Web3 technology to revolutionize the $3.2 billion survey industry.

Seize the Investment Opportunity in LHINU: Embrace the Exciting Ride!

The unique use of blockchain technology by LHINU provides unparalleled security and community trust in voting, resulting in massive growth in the LHINU ecosystem by providing valuable data to major advertisers and marketers.

Love Hate Inu, distinguished from other meme coins by its unique utility, has the potential to become the next Dogecoin or Shiba Inu.

Don’t pass up this fantastic opportunity to join the Love Hate Inu movement.

Get your LHINU tokens now and prepare for an exciting adventure!

Noteworthy News: Love Hate Inu Appoints Meme Coin Expert Carl Dawkins as CEO

Carl Dawkins, known for his success with Tamadoge, was recently appointed CEO of Love Hate Inu after raising $3 million in just over three weeks.

Dawkins, a well-known meme coin figure, has a successful track record with Tamadoge (TAMA), a meme-themed gaming platform.

The TAMA token gained 1,629% from its initial presale price, and Dawkins hopes to replicate that success with $LHINU.

LHINU CEO Dawkins will speak tonight (April 24) at 6 p.m. in a Twitter space (BST).

Love Hate Inu: A Fair and Transparent Voting System

With Love Hate Inu, Dawkins emphasizes the importance of fairness and transparency, distinguishing it from other projects.

He explains that Love Hate Inu’s goal is to use Web3 technology to bring legitimacy to online voting while also engaging the community through its meme coin appeal.

Love Hate Inu is gaining traction, having raised $6 million in just over three weeks.

Some analysts believe it has the potential to be the next Dogecoin or Shiba Inu.

Unlike Shiba Inu, Love Hate Inu is built from the ground up for a real-world use case as a survey and polling platform, with the goal of capturing a significant portion of the $3.2 billion market.

Because of the combination of blockchain technology and meme coin branding, participating in this presale could be one of the smartest investment decisions of the year.