Coinspeaker
Bitcoin Shows Dull Movement, Altcoins Take Charge, Litecoin, XRP Gain Momentum
After facing selling pressure earlier this week, the world’s largest cryptocurrency Bitcoin (BTC) has been now hovering around $27,200 levels. Investors are keen to know what could be the next directional move for BTC. However, the BTC price remains range bound between the support of $26,600 and the resistance of $27,600 on the upside. While the trading activity in Bitcoin remains subdued, altcoins make a move.
On Wednesday, May 17, altcoins like Litecoin (LTC) jumped by 5.6% while the XRP price added 6%. Another altcoin that made a strong move was the Axie Infinity token (AXS) which gained by 8% shooting all the way to $8.
The AXS price shot up as the company secured a license to host its ‘Axie Infinity: Origins’ game on the Apple App Store. This is a big move as it would lead to a surge of users in Axie Infinity over a long time. Also, this is an important milestone considering the fact t
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