Axie Infinity (AXS) Ultra Bullish? Will it Hit $100?

Axie Infinity (AXS) Ultra Bullish? Will it hit $100?

As a matter of fact, the world is emerging into the crypto-industry and equally the gaming industry does the same. Axie Infinity is one among the gaming assets which is experiencing impeccable growth recently.

Axie Infinity is a play-to-earn platform that allows gamers to play and earn rewards. The market witnesses many crypto assets in the gaming industry where this play-to-earn concept totally gains users like crazy. According to Coinmarketcap, the top 5 play-to-earn crypto tokens were listed, which depicts the growth of the blockchain gaming industry.

Axie Infinity is the intersection of cryptocurrency and gaming. Axie’s mission is to make blockchain technology accessible to the general public in a fun way. It is a play-to-earn cryptocurrency that is based on the Ethereum (ETH) network.

Current Market Status

At the time of writing, the trading price of AXS is $69.87 with a trading volume of $5,148,214,619 in the last 24-hours. According to Coinmarketcap, AXS has surged to 16.38% in a day and the current circulating supply is 60,907,500 AXS coins.

Trading Chart of AXS

The chart depicts the bullish signal of the AXS. Moreover, AXS reached its new all-time high to $76.36 on August 11. AXS continues to grow, dominating all other cryptocurrencies with its gaming concept. As the gaming industry gains more attention, the growth is fascinating and Axie Infinity is one of the fastest expanding platforms.

AXS Bullish Trend

Axie Infinity cracks all the resistance levels and reaches above $75 today which is its new ATH. The recent hike of buying AXS has lifted the coin to reach new highs and it has also outperformed BTC and ETH. 

Axie Infinity has quickly established itself as one of the most profitable projects on the Ethereum blockchain. Axie Infinity’s revenue has increased by more than 17,000% since April 1, as user growth accelerated significantly during the second quarter.

Additionally, Axie Infinity is expected to generate more than $1 billion in revenue this year. AXS has all potential to reach the level at $100 only if investors think it is a good investment and might bring in more updates to its firm.

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