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The analytical company Santiment called cryptocurrencies, the holders of which massively fix profits.
In the near future, the cost of altcoins OKB Token (OKB), Axie Infinity (AXS) and Chiliz (CHZ) may decrease significantly, according to the analytical company Santiment. For these assets, there is a high percentage of transactions to fix profits. This indicates a high probability of short-term price pullbacks, analysts said.
Profit taking is the closing of a position in order to receive the difference earned from the moment of entering the transaction.
OKB Token (OKB)
Last week, Santiment recorded a record volume of profit-taking transactions with the OKB token. Analysts say that there is a massive withdrawal of long-term investors from the asset. As of May 26, OKB is trading at $11.98 (according to Binance).
OKB Token is a native token of the OKX cryptocurrency exchange.
Axie Infinity (AXS)
Santiment’s data indicates that 1.6 times more trades with profits than loss sales are made with the AXS token. Analysts warn that this is a record value for the asset, because at a similar level of profit taking in the past, the asset reacted with a fall. As of May 26, AXS is trading at $19.26.
Axie Infinity is a blockchain game with characters in the form of NFT tokens. The AXS token is used to make in-game purchases, as well as to manage the project.
The level of profit taking with the CHZ token has reached its maximum value since March of this year. According to analysts, this increases the likelihood of the altcoin moving into a local downtrend. As of May 26, CHZ is trading at $0.11.
Chiliz is the blockchain of the social platform Socios, which cooperates with various sports organizations and helps them issue their own tokens. CHZ is the native token of the platform.
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