With a 10% price increase today, Axie Infinity (AXS) is on the rampage, with the gaming token’s spot valuation reaching $6.86. This monetary expansion for Axie Infinity maintains the upward trend it has shown over the last month, rising by more than 42.43%.
Axie Infinity’s appeal to individual investors is exemplified by the remarkable 624% increase in trading volume to $554,090,947. Axie Infinity has established itself as a company dedicated to supporting its gaming community, and in light of this, it just reached a major milestone. These are the behind-the-scenes measurements.
The site claims that when the legendary game Axie Classic returned, in only around four days, the number of Weekly Active Users had surpassed 100,000. Cursed Coliseum is a new game mode that the protocol has implemented to further entice players to do tasks and get prizes that make the game worthwhile.
The capacity of Axie Infinity to renew its offers continues to be its greatest asset. It has retained its supremacy in the Web3.0 environment despite being one of the first play-2-earn (P2E) game companies; this pattern is seen in its current pricing action.
Road for Axie Infinity, $10 in view?
The Axie Infinity token is primed for a massive surge as new buyers may be scared away from the asset by the present outlook and decide to purchase it out of fear. Axie Infinity is looking at every possibility as the year draws to a close in order to retest its peak price of more than $10.
In particular, on January 23, AXS reached a high of $12.47, igniting a local peak that shown promise following the crypto winter elongation at the time brought on by FTX. It’s possible that AXS may retest the $10 level before the year is out given the present trend and possible strong market attitude.