• Axie Infinity (AXS) hit a high of $13.83 today, becoming the top gainer of the day
• The price surge is due to increased gaming activity on the Axie Infinity blockchain
• The token has recovered from a low of $6 towards the end of 2022
Axie Infinity (AXS) has seen tremendous success in the past few weeks, with its price soaring to a four-month high of $13.83, making it today’s top gainer. This surge in price signals a major reversal of fortune for the token, which had been trading below $12 since mid-September, and dipped as low as $6 towards the end of 2022.
The surge in price is largely due to increased activity on the Axie Infinity blockchain. Axie Infinity is a blockchain-based battling game owned and operated by players around the world. The game is inspired by such classics as Tamagotchi and Pokémon, and allows players to collect, breed, raise, battle, and trade token-based creatures. This has not only attracted crypto enthusiasts and gamers alike, but it has also created an ever-growing ecosystem of users, developers, and investors.
The increased activity on the Axie Infinity blockchain has been encouraging for investors, as the token has managed to recover from its lows and is now trading at $12.86, just slightly down from its high of $13.83. This also means that the token is now up significantly from its ATH of $165.37, seen earlier in the year.
The future looks bright for Axie Infinity, as the game continues to gain traction and more users pour into the ecosystem. With new updates and improvements being made to the game and its infrastructure, it remains to be seen how far the token can go. Whatever the future holds, one thing is certain: Axie Infinity has proven itself to be a resilient token, and its ongoing success is a testament to its potential.