• Axie Infinity (AXS) has hit a high of $13.83 today, making it today’s top gainer in the crypto market.
• The increased gaming activity on the Axie Infinity blockchain is largely behind the ongoing bullish price action.
• The Axie Infinity ecosystem is inspired by such games as Tamagotchi and Pokémon, allowing players to collect, breed, raise, battle, and trade token-based creatures.
Today, the cryptocurrency market has seen a major surge in the price of Axie Infinity (AXS), making it today’s top gainer. AXS has climbed to a four-month high of $13.83, after trading below $12 since mid-September and dropping to as low as $6 towards the end of 2022. This remarkable price jump is largely attributed 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, the game allows players to collect, breed, raise, battle, and trade token-based creatures. The game is also integrated with a marketplace where players can buy and sell in-game assets, creating an immersive world with a wide array of possibilities.
The game also has a decentralized governance system, giving players a direct say in the development of the Axie Infinity ecosystem. This has enabled the game to continuously evolve, creating a vibrant and engaging gaming experience for its players. The game also has its own currency, AXS, which can be used to purchase in-game items and to power various game mechanics.
The combination of these features has made Axie Infinity one of the most popular blockchain games in the world. This has resulted in a surge in demand for the AXS token, leading to the current price rally. With more users coming in and more game mechanics being developed, the price of AXS is expected to continue to climb in the near future.