• Axie Infinity (AXS) has hit a four-month high of $13.83 today, making it today’s top gainer
• The increased gaming activity on the Axie Infinity blockchain is largely behind the ongoing bullish price action
• Axie Infinity is a blockchain-based battling game owned and operated by players around the world
The world of cryptocurrency has seen a major surge today, as Axie Infinity (AXS) has hit a four-month high of $13.83. This puts it at the top of the list of today’s gainers, making it one of the most impressive cryptos on the market.
What is driving this impressive surge? To understand this, we must first look at what Axie Infinity is and what it does. Axie Infinity is a blockchain-based battling game that is owned and operated by players from all over the world. The game is inspired by classics such as Tamagotchi and Pokémon, and allows players to collect, breed, raise, battle and trade token-based creatures.
The increased gaming activity on the Axie Infinity blockchain is largely behind the ongoing bullish price action. With more players joining the game and taking part in the Axie Infinity ecosystem, the demand for the token has increased significantly. This demand has been the primary driver of the price surge, as more and more people are drawn to the game.
The game has been around since 2022, and the token has seen some ups and downs since then. After reaching its all-time high of $165.37, the token fell to as low as $6 at the end of 2022. However, since the start of 2023, the token has been making a steady recovery, culminating in today’s impressive price surge.
It remains to be seen where the token will go from here. However, with the increased gaming activity and the growing popularity of the game among players, it is likely that the price will continue to rise in the near future. If the trend is sustained, it is possible that the token could even reach its previous ATH.