- Axie Infinity (AXS) hit a high of $13.83 today.
- AXS is the top gainer today, followed by STEPN coin.
- Here’s a closer look at what caused today’s price spike.
After a calm weekend when most cryptocurrencies consolidated their previous gains, Axie Infinity The week started strong after climbing to a four-month high of $13.83.
AXS has traded below $12 since mid-September before falling to $6 towards the end of 2022. However, Token reversed and has been steadily recovering since early 2023 and today is one of the best days for Token he is. in recent history.
At the time of writing, the token was trading at $12.86 after a slight retreat from its high of $13.83.
But what drives the price of AXS? Here are the forces behind today’s AXS rally:
What drives the price of the Axie Infinity?
Crypto winter has driven the price of the Axie Infinity token from an all-time high (ATH) of $165.37 to below $10, but increased gaming activity on the Axie Infinity blockchain is a sign of the ongoing bullish trend. It’s what’s behind the price action.
Axie Infinity is branded as a blockchain-based battle game owned and operated by players around the world. Inspired by games like Tamagotchi and Pokemon, and the ability for players to collect, breed, raise, battle and trade token-based creatures, the Axie Infinity ecosystem has been growing since his early 2023.
Axie Infinity is currently ranked as the most successful Play-to-Earn (P2E) game in the blockchain industry, and the boom among game tokens has also boosted AXS’s performance, with many investors optimistic about the future of the token. want to know what happens.