AxieInfinity (gaming token AXS) experiences a strong price increase in one day. AXS lets users earn rewards from playing games.
Users within the Axie Infinity ecosystem have access to governance power via the AXS token. It has increased by more than 50% in less than a day. This is a significant rise that has eclipsed all NFT tokens. Gaming is huge, with millions of players around the globe. Axie Infinity claims that it is one of the most widely used gaming blockchains. At the time of writing, the AXS token cost $71.22. Axie Infinity’s token is still in development. However, it seems very popular with investors.
How and where can I buy Axie Infinity?
Register on an exchange platform or broker to purchase the AXS token. Once you have registered an account, you will be able to buy tokens using either fiat or crypto funds. Avoid decentralized and unregulated exchanges, as fraud risk is greater on these platforms.
Below are two top platforms where tokens can be purchased easily.
eToro, one of the most popular multi-asset trading platforms in the world, offers some of the best commission and fee rates in this industry. Its social copy trading capabilities make it an excellent choice for beginners.
Get AXS today with eToro
NAGA is a social trading platform which allows users to trade the most popular forex, stocks, and cryptos in the world. The platform allows users to automatically copy the strategies and best traders.
Get AXS with NAGA now
What is Axie Infinity?
Axie Infinity, a blockchain-based gaming network, is inspired by Pokemon. Participating in the ecosystem can earn tokens for playing games. The blockchain is decentralised, and governance can be done through the AXS token. Axies are gaming characters that can attack other participants. The token can be used to trade for cash and allows players to lend within the ecosystem.
The token experienced a strong 55% increase in just one day. This indicates that it is likely to continue rising in the future.
Should I purchase AXS now?
We can see from the Axie Infinity weekly chart that the token was rangebound, but experienced a clear rally yesterday. AXS could rally further due to the popularity of gaming tokens among enthusiasts. It is necessary for AXS players to purchase in-house. Players can also use the token to gain governance powers, which could explain its popularity.
Weekly chart of AXS Source: CoinMarketCap
If the price momentum continues, early investors could see handsome returns. AXS’ unique play-to-earn model will ensure that it remains a strong contender to be the best NFT token. This NFT token has experienced the highest price rise, and it saw record-breaking 24-hour trading volumes.