Throughout the following sections, you’ll have a chance to get acquainted with the Axe Cap crypto project and the AXE coin. We’ll first cover the basics by answering the question, “What is Axe Cap?” This is where we’ll explain the gist of the project, its fundamentals, team, community, roadmap, and more. Next, we’ll shift our focus towards the AXE coin, the project’s native cryptocurrency. Aside from covering the gist of the token, we’ll also look at its tokenomics and use cases.
However, since most of you are primarily interested in making money with altcoins, we’ll do our best to help you figure out whether there are profits to be made on the AXE crypto asset. To that end, we will do a full AXE crypto price analysis. We’ll also use the basics of TA to determine significant price levels and offer some speculation regarding an AXE price prediction.
Nonetheless, you’ll also learn how to use Moralis Money to help you determine if and when to buy $AXE. As it happens to be, this will also lead you to the best place to buy the Axe Cap crypto project’s token.
What is Axe Cap? Exploring the Axe Cap Crypto Project
The above image neatly covers the gist of the Axe Cap crypto project. Axe Cap is all about delivering a Telegram bot that allows users to leverage (1,000x) trade synthetic stocks.
One of the key selling points of this project is that users can trade without any restrictions. According to the project’s official website, users can sign up, deposit, and trade via their Telegram app from anywhere. However, due to the current regulations, the project points out that there are territories (e.g., USA) that are restricted from using the Axe Cap bot:
Aside from the above-outlined “axecap.app” domain, the project also maintains the “axecap.finance” domain. However, for now, the content on both sites is pretty much the same.
Furthermore, the Axe Cap crypto project launched in August 2023, so it’s in its earliest stage. Accordingly, there is a very limited amount of useful information regarding the project’s details. Still, by looking at the aforementioned sites and the project’s X (formerly Twitter) account, we were able to gather some useful info.
Fundamentals
At its core, the Axe Cap project aims to deliver a practical and user-friendly tool to enable users to trade assets with ultra-high leverage. Specifically, traders can use up to 1,000x leverage, which is insane!
Axe Cap started with synthetic stocks but plans to add other options soon, as outlined in the project’s roadmap (see below).
The Axe Cap Team, Community, and Roadmap
The team behind the Axe Cap crypto project is anonymous. There’s no information about the team on any of the above websites or the project’s socials. This approach may change once the project’s “official” papers emerge. However, for now, the team is not doxxed.
The only detail we could find is that the team bought its bag of the AXE coin for 29 ETH and locked that stack for six months. That was reported in a project’s tweet on August 17, 2023:
As far as the Axe Cap community goes, folks can follow the project’s X account or join the $AXE Capital Portal Telegram chat.
- Axe Cap’s X account:
- Axe Cap’s Telegram chat:
It’s probably safe to presume that the project’s documentation or whitepaper (once released) will include some sort of roadmap. However, since those documents haven’t been released yet, the only roadmap we were able to find came in the form of the following:
By looking at the image above, the Axe Cap crypto project plans to add up to 1,000x-leverage crypto trading, revenue share distribution, and more.
And, regarding planned revenue share, Axe Cap posted the following image:
Of course, only time will tell if and in what exact manner the project will deliver on its promises.
How Does Axe Cap Crypto Work?
Anyone with a Telegram app and internet access can access the Axe Cap bot. The latter can be accessed via the project’s Twitter account or either of the above-mentioned project’s websites.
Once inside the AXE CAP bot, users must send the “/start” prompt to get going. To move further, users need to sign up using an email address.
After successfully logging in, users get to send the “/wallet” prompt, which offers the “withdraw” and “deposit” options. As a new user, one needs to send “/Deposit” to proceed. The next step is all about selecting a preferable network (currently Ethereum or Polygon).
Finally, one needs to send one of the supported assets. At the time of writing, the bot accepts $USDC on Polygon and $ETH, $USDT, and $USDC on Ethereum.
Finally, users get to select “stocks” and then choose the asset they wish to trade.
Keep in mind that there is a $50k limit (with leverage) on each Axe Cap trade. So, if you were to use the bot’s maximum leverage of 1,000x, your maximum trading amount would be $50.
However, the project plans to increase the limits as it grows.
What is the AXE Coin?
The AXE coin is the Axe Cap crypto project’s native cryptocurrency. It is an ERC-20 token that lives on the Ethereum blockchain. The token was created on August 15, 2023, when the minting transaction was executed:
As the ERC-20 token standard indicates, the asset is a fungible token. As such, it can be freely traded on markets that support $AXE trading pairs. However, the AXE coin also has some more specific use cases within the Axe Cap ecosystem (details below).
AXE Tokenomics
- Token name: AXE
- Symbol/ticker: AXE or $AXE
- Token type: ERC-20
- Network: Ethereum
- Token smart contract address: 0x070E984fda37DD942f5c953F6b2375339aDAc308
- Total supply: $1,000,000 $AXE
- Liquidity locked for six months
- Buy taxes: 5%
- Sell taxes: 5%
- Buy/sell tax distribution:
- 1% to liquidity
- 2% to revenue share wallet
- 2% to development/marketing
Use Cases
The current use case of the AXE token comes in the form of revenue share. Users that hold 1,000 $AXE or more are set to receive revenue share once this feature is implemented. The larger the holder’s stake, the larger the revenue share.
So, users do not need to stake AXE; just holding 1,000 $AXE or more is enough to qualify. The claiming will take place via the Axe Cap crypto project’s website.
According to the project’s post on Medium, Axe Cap plans to continuously add utility to the AXE coin. The team mentions a discount on trading fees for $AXE holders as the next use case.
Full AXE Coin Price Analysis
Since the AXE token hasn’t been around long, there’s not much price data to work with. Still, let’s take a look at the asset’s hourly chart to see what the AXE crypto price has to say:
Looking at the above image, you can see that the initial AXE price was rather low. On August 15, 2023, $AXE was listed on Uniswap at $0.003723. However, the price of the asset increased all the way up to $4.4673 within the first four hours of trading.
Following that local high, the asset’s price pulled back nearly 55% but eventually found support at $2.5-ish. After the token’s low on August 16, 2023, $AXE started to form a symmetrical triangle and broke out of it to the upside on the same day. That breakout pushed the AXE crypto price to $7.2-ish, where it hit resistance and turned down to retest the $3.5-ish level.
After that retest, AXE’s price rallied again and increased by more than 400% in 28 hours. That leg stopped at $17.6-ish and was followed by a 52% correction. The latter found support above $8.6-ish, from where $AXE bounced to its current all-time high (ATH), which sits at $18.4047.
Next came a 34% retracement, followed by another attempt to set a new ATH. However, the AXE crypto price stayed below $18.
On August 21, 2023, the asset’s price again pulled back toward the previous levels of significance. And, after decreasing in value by 65%, $AXE found support at the $7.1-ish level, with several candle wicks to $5.9-ish.
Since then, the token has been ranging sideways within the $7.1-ish-$10-ish region. At the time of writing, the AXE crypto price sits at $7.5-ish.
Technical Analysis (TA)
In the above hourly chart for the AXE coin, we’ve drawn all the important levels, including the recent downsloping trendline and a hidden RSI bullish divergence. Based on those rather basic TA aspects, we can conclude that the asset may be getting ready for another reversal to the upside. Of course, it would be great to see an increase in volume as well.
However, keep in mind that TA for such new tokens and on low timeframes isn’t all that reliable. As such, take our prediction with a grain of salt.
Plus, keep in mind that most altcoins depend on Bitcoin’s moves and the entire crypto market’s conditions. Consequently, we can only expect another leg up for the AXE price prediction if BTC manages to hold its current level or increase in value.
AXE Coin Price Prediction – What Does the Future Look Like for the Axe Cap ($AXE) Crypto?
All predictions are nothing but speculation. The only way to be on top of potential future moves is to monitor the assets’ price action and real-time, on-chain data. Fortunately, you can do that on autopilot with Moralis Money.
With that in mind, we can still try to come up with an AXE price prediction.
So, when it comes to any short-term AXE price predictions, the above-outlined levels of support and resistance are the most likely price targets. In case of another leg up, $AXE’s ATH is likely to be reached again. And, if the bull market starts a price rally for BTC, the asset could easily go into price discovery mode.
For such a scenario, we can use the Fibonacci retracement tool. The tool’s most optimistic level (the “4.236” extension) points to $57.8-ish:
Another speculation we can do is to compare the Axe Cap crypto project with Rollbit. RLB is currently the leading “crypto gambling” asset. As such, we can take its ATH market cap and divide it by AXE’s supply. This gives us an optimistic AXE price prediction of $648-ish.
As for the next bull run’s tops, only time will tell if the project has what it takes to truly skyrocket.
Should You Invest in $AXE?
We are not financial advisors, so we can’t answer the above question. However, the information we shared with you throughout the above sections should be more than enough to help you decide if you find the AXE coin worthy of your attention or not.
If not, then you should move on to other altcoin opportunities. After all, thousands of interesting alts are out there, with many new projects entering the scene daily. So, it all boils down to your ability to spot the best altcoin opportunities before it’s too late. Fortunately, that is another of Moralis Money’s specialties.
In fact, this ultimate on-chain analysis tool’s core feature – Token Explorer – makes finding altcoins before they pump an extremely straightforward process. Thanks to this feature, many Moralis Money users, especially the ones on Starter and Pro plans, have been pocketing impressive gains since the beginning of 2023.
On the other hand, if you find AXE interesting and the above AXE price prediction speculations plausible, then you need to research the token further. By doing so, you’ll be able to answer the above question with confidence.
While there are various ways to go about this feat, the Moralis Money $AXE token page comes on top.
This page contains all the links and tools you need to decide whether or not you should invest in AXE. Plus, it offers real-time, on-chain metrics (a.k.a. alpha metrics) to help you determine if now’s the right time to buy.
So, follow the above “$AXE” link or use the interactive widget below to research the Axe Cap crypto project further.
The Best Place to Buy the AXE Crypto Coin
At the time of writing, the AXE coin is only available on Uniswap. But that doesn’t mean you have to waste time to find that pair on Uniswap’s dapp manually and risk landing on a scammy token pair while doing so.
Instead, you can use Moralis Money’s instant crypto swap feature that awaits you on the above-outlined page. Aside from being on the same page as you DYOR, it offers one of the safest and cheapest ways to buy crypto.
Note: If you are new to swapping cryptocurrencies, we recommend learning how to swap on the Ethereum network from our step-by-step guide. The latter will show you how to swap ERC-20 tokens with minimum fuss. Then, you can apply the same principle to other networks (Polygon, Arbitrum, etc.).
Axe Cap Crypto Analysis and AXE Coin Price Prediction – Key Takeaways
- The Axe Cap crypto project went live on August 15, 2023, launching its AXE coin and a Telegram bot that offers leveraged synthetic stock trading.
- Initially, the AXE token will serve as a ticket to the shared revenue feature, but there are other use cases in the pipeline.
- At the time of writing, the AXE price sits well above its listing price. However, it also underwent a recent 60%-plus correction and is currently finding support on top of one of the previous resistance levels.
- To determine if you should buy $AXE, use this article and the Moralis Money token page dedicated to AXE.
Whether you decide to get a bag of AXE or not, you should use Token Explorer to find other opportunities and get an altcoin advantage. After all, the average altcoin tends to increase by 50-70x during a bull market, and we are slowly getting ready to start another bull season soon.
