AXS AXS/USD, the native token of the Axie Infinity game, is up 47% despite a continued decrease in monthly players.
Apex crypto Bitcoin BTC/USD and Ethereum BTC/USD are up 0.17% and 0.18% in the last 24 hours, respectively.
What Happened: According to activeplayer.io statistics, Axie Infinity had a peak of 2.78 million monthly active players in January 2022. This month, the average number of players over the last 30 days has been only 432,001 players, a decrease of 84%.
See More: Best Crypto Day Trading Strategies
At the time of writing, AXS was trading at $13.40, according to Benzinga Pro.
AXS rally can be largely attributed to the recent NFT project by Sky Mavis, the company behind Axie Infinity. The NFT project has generated $4.26 billion in total NFT sales.
The rally can also be attributed to anticipation of the new games Axie co-founder Jeffrey Zirlin is developing, with a screenshot of the upcoming builder's program being shared as a sneak peek.
We’ve been building.$AXS $RON pic.twitter.com/CHH8mG7FdZ
Read Next: Dogecoin, Ethereum Spike As Bitcoin Holds Above $21K: Analyst Warns 'Late Bulls To Flip Bearish' If Apex Crypto Retests This Level
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Visit Benzinga’s Crypto Homepage – 1,000,000+ depend on Benzinga Crypto every month
