It was noteworthy that AXS, the native token of Axie Infinity, one of the world’s most popular blockchain games, gained more than 20% in value in a short time.
AXS Infinity’s native token, AXS, in the last 24-hour period 4.23 at dollar level for $5.10 by increasing up to 20.5% rose and The most valuable altcoin of the day happened.
AXS, the in-game token of the NFT-based blockchain game Axie Infinity, witnessed exciting rises in the last bull season. for $164.9 had reached . However, due to current bear market conditions, AXS from 97% by falling too far to $4.12 experienced a withdrawal of up to
According to NFT data platform CryptoSlam, Axie Infinity’s NFT transaction Volume has been on a downward trend throughout the week was located. On the other hand, the NFT market has been dormant for a long time. Despite this, the rise in AXS attracted great attention.
It should be noted that there are no abnormal movements in any data before or during the rise. “pump” brought the possibility.
Also in the NFT market the recession due to AXS and similar cryptocurrencies increase in short positions It had led. It is thought that the increase in the price caused the short squeeze (an upward movement that occurs when short positions that dominate the market are closed).
According to CoinGecko data, AXS, at the time of writing 4.76 dollarIt is traded from.