Axie Infinity (AXS) Is Hitting Its Three-Month Price High

thenewscrypto.com 23 January 2023 02:41, UTC

Altcoins

Axie Infinity ($AXS) has reached its 3 months high of $13.83.
$AXS is also in the largest TVL with a $1 billion token locked.

Axie Infinity ($AXS), the governance token for the Play-to-Earn (P2E) NFT game has reached its 3 months high of $13.83. The astonishing element to be remembered is the surge in the trading volume, a 908.8% increase as per CMC. Resulting in an increased 24 hrs trading volume of more than $1 billion.

Axie Infinity Price Chart (Source: CMC)

The price traded above the $10 range previously on October 2022 and the gain back is seen after 90 days time period. Also, $AXS holds the first position in the CMC top gainer’s list. The report from Token Unlock released on Jan 20 indicates the tokens with the largest Total Value Locked (TVL). $AXS’s token worth $1 billion is locked and is one among the tokens which account for 75% of illiquid tokens.

Significant Price Gainer

As the crypto market is leaning towards the bullish sentiment, many of the coins and tokens are witnessing a price surge and increase in the 24 hrs trading volume. Some of the major coins like $BTC and $ETH are also attained a hike as never before in the last 90 days. Currently, $BTC is in the $22.5 K price range and $ETH is in the $1.6K range.

The current top gainers as per CMC are Axie Infinity, STEPN, Osmosis, Flow, and Fantom. $AXS is trading at the price of $13.3 with a 43% hike in the last 24 hrs. The market capitalization is above $1 billion with 101 million $AXS circulating supply.

Another major incident in the crypto market is the $20 billion market cap gain by Ripple ($XRP), along with marking the entry in the $0.4 price range.

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