Axie Infinity’s AXS token has soared over 30% in the past 24 hours, setting a new ATH level.
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Axie Infinity is a Pokémon-inspired open world game, also on Windows, Mac, iOS and Android, where players breed, train and battle cute little tokenized monsters called ‘Axies’.
The game increased its popularity significantly towards the end of June and now has more than 250,000 daily active players. The most expensive Axie 300 ever sold has been sold for Ethereum. This indicates a figure of approximately $633,000.
Considering how difficult it is to log in to play the game, the success of the game is remarkable. The first step to becoming an Axie trainer is to purchase three Axie NFTs. The cheapest creature on the Axie market is 0.1014 ETH. This equates to around $215.
The AXS governance token was launched in a sale on Binance in November last year.
What happened today comes after a tumultuous week for gaming tokens. The Sandxbox’s SAND token rose 22.5% to $0.512978 in the last 24 hours, while Decentraland’s MANA token was up 17.3% at $0.775662.
AXS fell a bit after ATH of $19.63. The asset is trading at $18.37 according to Coinecko data.