AXS rose 130% in a week after buying $ 2 billion in Axie Infinity, and hit an all-time high after a 130% weekly surge as we retweeted our altcoin messages.
The interactive game Axie Infinity has attracted nearly $ 2 billion worth of native tokens locked on the platform, which is a new record, but at the same time, AXS’s price has remained for ATH alone after a weekly three-digit increase. Launched less than a year ago, Axie Infinity is an ETH-based online game that has grown exponentially in terms of activity and engagement over the past few months. Reports show that the number of token holders has hit a record after a 420% year-over-year increase as demand for the platform does not seem to be falling due to the high valued rewards the platform offers. According to the website, the current APR is 187%.
Users who wish to participate will need to use their AXS tokens to increase demand for them while decreasing supply. Over 12,500,000 coins are in use and from a USD perspective, their value reaches a record $ 1.84 billion. This means that 20% of AXS ‘circulating supply, over 61 million, has been placed on the platform. This supply-demand ratio resulted in an impressive price development for the native token, as AXS is up 130% in the past week. This recently resulted in a similar surge to $ 145, with the token trading below $ 50, meaning the value tripled in value in less than 14 days. AXS breaks into the top 20 coins by market cap as its native coin soars to nearly $ 9 billion.
As recently reported, the Monster NFT game development team Axie Infinity has released $ 60 million to early adopters in the past few days, adding staking features with line percentages of up to 385% per year. AXS holders have been making early profits for several months, and the governance token is up 38% over the past day and 70% over the past week. The surge started a day ago and lasted until this morning, with the price of a single Axie Infinity AXS token reaching $ 119. Sales of NFTs have also increased more than 50% in the last few weeks, while they have decreased by 10% in the last few weeks last week.
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