Axie Infinity price in GBP and AXS-GBP price history chart

We took a small speculative 5% position in $AXS that we'll watch closely and intend to sell short term.

Gaming coins are soaring and $AXS legs the trend. Our target is 9 usd.

Although $BTC and $ETH are relatively stable at the moment, the real bear market rages on in the weakest alts.

Last week (7 day performance):

$SOL : -23.46% (new lows)

$AXS: -11.94%

$ZIL : -10.46%

$BAT: -11.08%

$FLOW: -11.72%

This might be only the first signs of a new upcoming downleg, that could send coins like $SOL below 5usd. In alts in a bearmarket, it's almost never too late to sell because there will be no new bullmarket before $ETH and $BTC break to the upside through strong resistancelevels and confirm that move by retesting the previous resistance as support.

That gives us plenty of time to buy back in.

The alt stars of the next bullmarket in crypto will probably be projects we don't know about yet (or that don't exist yet). Nevertheless we have a shoppinglist with $ALGO , $ATOM , $AAVE , $ADA , $MATIC and many others.

That's why we are very happy to be mainly out of the market. We will be able to buy so much more alts with our stableposition once the dust settles.

Wrong move with getting into more stablecoins over the weekend…. Let’s take some more chances, not much to lose anymore anyway 😏 And fingers crossed we get a $Luna airdrop 🤞On $AXS we had 33% profit since our last rebalance, will be adding to it when things go south from here. Now let’s put those profits to good use 🙌

As part of my constant evaluation of the fund, I have reduced our exposure to $AXS to 2.5%

Still aiming for the moon 🌝 I took $AXS out of the strategy for now, since it hasn’t done very well after the hack from a few weeks ago. $LUNA + 5%, which imo will inevitably go higher once the fud is done and gone.