![]() The increased activity is largely the one behind the current price surge. Although the token is still way far from its all-time high (ATH) of $164.90 recorded in November 2021, today’s price surge could be the beginning of a splendid rally towards the ATH.īut why is the AXS price rising? Well, according to data from NFT data platform CryptoSla, the Axie Infinity trading volume has reached a high of $48K over the past few weeks meaning there is an increased activity within the Axie Infinity ecosystem. Here’s what is making AXS price riseĪxie Infinity’s native token has had a rocky 2022 and it seems it is up for a recovery in December. While it can be attributed to the recovery of the broader crypto market, The AXS price rise is so distinct and there is surely something behind the movement. Metaverse and NFT tokens including Axie Infinity (AXS) and the likes of Sandbox (SAND), and Decentraland (MANA) have made significant gains today. The global crypto market cap has increased by 0.43% today to reach $857.46B.According to CoinMarketCap, AXS is the biggest gainer today.At press time, AXS was trading at $8.71 up 21.37% in the past 24 hours.You can, however, earn AXS by playing different games in the metaverse and taking part in the user-generated content projects.Axie Infinity (AXS) is leading the metaverse and NFT tokens amid a wider crypto market recovery. Since AXS is an ERC-20 token, it cannot be mined. In March 2022, the Ronin network got compromised. In early 2022, SLP lost 99% of its all-time high value in a broader NFT crash. ![]() By Q3 of 2021, $AXS staking had started after Axies migrated to Ronin. This addition also eliminated expensive gas fees for the players to play the game or another dApp that runs on the Ronin sidechain. In 2021, Sky Mavis launched Ronin wallet along with speeding up transactions.In 2019, the platform began a land sale that raised 3200 ETH, after which the Axie marketplace was launched. ![]() With the tokens, players got the opportunity to get dollars through in-game achievements. The popularity of the platform soon skyrocketed as it came with the possibility of offering AXS to the players.
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