• Axie Infinity (AXS) has hit a high of $13.83 today, making it today’s top gainer followed by STEPN coin.
• The increased gaming activity on the Axie Infinity blockchain is largely behind the ongoing bullish price action.
• Axie Infinity is branded as a blockchain-based battling game owned and operated by players around the world.
Today has been a great day for the Axie Infinity (AXS) token, with the cryptocurrency hitting a four-month high of $13.83 and becoming today’s top gainer, followed by STEPN coin. This price surge is mainly due to the increased gaming activity on the Axie Infinity blockchain.
Axie Infinity is a blockchain-based battling game owned and operated by players around the world, inspired by such games as Tamagotchi and Pokémon. Players can collect, breed, raise, battle, and trade token-based creatures in the Axie Infinity ecosystem. This has created a strong demand for the cryptocurrency and pushed its price up.
The Axie Infinity token had traded below $12 since mid-September, and dropped to as low as $6 towards the end of 2022. It has since staged a steady recovery since the start of 2023, with today being one of the greatest days for the token in recent history. The token was trading at $12.86 after a slight pullback from a high of $13.83.
The price surge of the Axie Infinity token has come as a welcome relief for its users after the crypto winter saw the token’s all-time high (ATH) of $165.37 plummet to trading below $10. It looks like the token is now firmly on the path to recovery and the future looks bright for this cryptocurrency.
The Axie Infinity team is also working hard to improve the gaming experience by introducing new features such as the new Axie Infinity Marketplace and the Axie Infinity Academy which provides tutorials, guides and other resources to help players get the most out of their Axie Infinity experience.
Overall, Axie Infinity is one of the most promising cryptocurrencies today and its price surge is further evidence of that. With the team continuing to work on improving the gaming experience and increasing demand for the token, it looks like Axie Infinity is setting itself up for a bright future.