• Axie Infinity (AXS) has hit a high of $13.83 today, making it today’s top gainer in the crypto market.
• The price surge is largely attributed to increased gaming activity on the Axie Infinity blockchain.
• Axie Infinity is a blockchain-based battling game owned and operated by players around the world, where players can collect, breed, raise, battle, and trade token-based creatures.
Axie Infinity (AXS) has seen a monumental surge in its price today, with the token hitting a high of $13.83. This makes AXS today’s top gainer in the crypto market, coming in second to STEPN coin. With the crypto winter bringing the price of AXS down to as low as $6 towards the end of 2022, the token has since staged a steady recovery and today marks one of the biggest days for the token in recent history.
So what is driving this price surge? The answer lies in 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, Axie Infinity allows players to collect, breed, raise, battle, and trade token-based creatures. This has created an ever-growing community of players and investors, which has seen a surge in activity over the past few weeks.
The Axie Infinity team has also been hard at work developing new features, including the launch of the Axie Infinity Marketplace, which allows players to buy and sell assets from the game. This has opened up the game to more users, including non-crypto gamers, and has seen the game’s user-base grow exponentially. The team has also been hard at work developing Axie Infinity’s staking system, which will allow players to earn rewards for staking their AXS tokens.
The Axie Infinity ecosystem has also seen a huge increase in partnerships, with the team recently announcing a partnership with blockchain-based collectibles platform CryptoKitties. This is just one of many partnerships that Axie Infinity has inked, with the team also forming partnerships with Chainlink, Maker, and Uniswap. These partnerships have helped grow the Axie Infinity community and increase the visibility of the game.
All of these factors have contributed to the current price surge of AXS, and with the team continuing to develop new features and form new partnerships, it’s likely that this trend will continue. As such, investors and gamers alike should keep an eye out for the future of Axie Infinity and the price of AXS.