Axie Infinity token up in price by 50% in a week. Revealing the reasons for the rise

The project’s player number is growing regularly, and the developers may release a new global update before the end of March

25.03.2022 - 13:15

639

2 min

What’s new? The price of the AXS token of the blockchain-based game project Axie Infinity has risen 50% in a week. As of March 25, its price stands at $72,7, according to the Binance cryptocurrency exchange. The altcoin’s growth could be attributed to the release of the Axie Infinity: Origin update and an increase in the number of active users of the project.

Source: Twitter.com

What is known about Axie Infinity: Origin? The update will integrate new mechanics designed to improve gameplay. The update will also introduce new in-game items such as runes and amulets that will act as bonuses for Axies. The developers plan to release the update by the end of March. This was announced by one of the team members on his Twitter.

The number of active users of the project is growing. Axie Infinity’s user base has reached a record high of 207 600 users, according to Dune Analytics. Not only players of the project may be interested in buying AXS tokens, but also investors who have the opportunity to earn up to 73% per annum on altcoin staking.

Link to Dune Analytics

What is Axie Infinity? It is a Play-to-Earn blockchain game in which users can earn money by selling, breeding fantasy creatures, and battling against other players. Axie Infinity was developed in 2018 by the Vietnamese studio Sky Mavis. The game uses AXS and SLP tokens on the Ethereum blockchain. All creatures in Axie Infinity are NFT tokens.

Author: