Axie Infinity (AXS) Price Rallies 33% In a Week, Will It Continue?

Axie Infinity (AXS) Price Rallies 33% In a Week, Will It Continue?
  • AXS obtained a significant price surge of 38.8% during the past 14 days.
  • NFT-based coins such as APE and SAND have also surged in the past 2 weeks.

AXS, the governance token of the Ethereum-based P2E NFT game platform, Axie Infinity, is continuously witnessing a significant price surge in the global crypto market. According to statistics provided by CoinGecko, Axie Infinity (AXS) has attained a sudden price rise of 33.1% over the past week.

Axie Infinity (AXS) Price Chart (Source: CoinGecko)

At the time of writing, Axie Infinity is trading around $8.80 with a one-day trading volume of $669,443,577. The token is up 4.4% in the last 24 hours. Moreover, AXS experienced a massive price increase of 38.8% during the past two weeks, amid the bearish crypto market. 

AXS Continues to Shoot Up

The Axie Infinity ecosystem recently announced its “Axie Contributor Initiative,” which will advance its progressive decentralization strategy with the Axie community and include the creation of an “Urban Planning” team, community councils, decentralized community treasury governance, and more. According to “Artic,” an Axie Infinity missionary, around 600 AXS community members are taking part in this project.

The sudden price surge of AXS coincided with the recent announcement from the Axie platform. It also led to a sharp gain in the ranking of the Axie Infinity, which the token currently stands in the 44th position, with a circulating supply of 113,071,192 AXS, according to CoinGecko. With the ongoing price surge, Axie Infinity is now preparing to make further efforts to surpass the $10 level. 

Moreover, apart from AXS, NFT-based cryptocurrencies such as ApeCoin (APE), and Sandbox (SAND) are also witnessing a dramatic price increase during the past two weeks. 

Recommended For You

A passionate content writer, particularly interested in sports writing. Always keen to explore crypto world.