Why Gaming Crypto Axie Infinity (AXS) Is Up 47% Today

AXS AXS/USDthe native token of Axie Infinity A 47% increase in monthly player numbers, even as they continue to decline.

vertex cipher Bitcoin Bitcoin/USD When ethereum Bitcoin/USD They are up 0.17% and 0.18% respectively over the last 24 hours.

What happened: Axie Infinity reached 2.78 million monthly active players in January 2022, according to activeplayer.io stats. This month, the average number of players over the last 30 days is just 432,001, down 84%.

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At the time of this writing, AXS was trading at $13.40, according to Benzinga Pro.

AXS’ rise can be largely attributed to recent NFT projects by Sky Mavis, the company behind Axie Infinity. The NFT project generated he $4.26 billion in total NFT sales.

The rally can also be attributed to the anticipation of the new game Jeffrey Zarlin is in development, and a screenshot of the upcoming builder’s program has been secretly shared.

Read the following: Dogecoin, Ethereum Spike As Bitcoin Above $21,000: Analysts Warn ‘Second Half Bullish Will Turn Bearish’ If Apex Crypto Retests This Level

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