AXS Price Spikes 6% in No Time: Possible Reasons

AXS

Axie Infinity’s cryptocurrency, AXS, prints new local high over $8.12

While crypto markets are positive today, catalysed by yesterday’s US inflation news, some tokens are outperforming their rivals: AXI Infinity’s AXS is one of them.

AXS price spikes as team introduces Holiday patch

Today, on Dec. 14, 2022, the price of Axie Token (AXS), a core cryptocurrency of Axie Infinity blockchain game heavyweight, spiked from $7.66 to $8.12 in less than one hour, adding over 6%. This massive spike should be attributed to the release of Axie’s Holiday patch and its Lore of Lunacia video.

In this video, the creators reveal the story behind the making of Lunasia, the fictional world of Axis Infinity. It tells the story of Axios’ struggle with Agonia, the god of the Chimeras. Previously, this character did not appear in the gameplay of Axis Infinity.

Also, the community now knows the creator of Axies’ world, Atia, who is introduced as the “All-loving Sun God who created the Supreme Axies.”

AXI Infinity’s Product Director, Jeff Kam, emphasizes the importance of this announcement to the development of the game’s narrative:

A big day for Axie Infinity. Lore is one of the most important pieces in the construction of our nation. It gives axies purpose. It gives our actions context. Today’s trailer sets the foundation for future stories. Big or small, every axie has a place in the lore of Lunacia.

The game received a new Christmas-themed home page, according to an announcement shared on Substack by Axie Infinity’s Skye Mavis. The novel Snow Arena background appears in the game, while some long-term users received special Christmas cards.

Metaverse tokens rocketing: POLIS jumps by 50% in one week

As covered by U.Today previously, Axie Infinity (AXS) has undergone major upgardes in recent weeks. The release of Axie Core NFT mechanics resulted in a double-digit price increase.

In December 2022, several low-cap and mid-cap cryptocurrencies from the NFTs, GameFi, and Metaverse segments appeared on the growth rate leaderboards.

Star Atlas DAO (POLIS) token, which was among the worst sufferers of the FTX/Alameda drama, more than doubled since Dec. 1. Its price printed a multi-month high over $0.45.

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