• Axie Infinity (AXS) has reached a new all-time high of $119.92

  • The price of Axie Infinity (AXS) has risen to a new high of $119.92. The price increase occurred following the AXS Airdrop to early supporters. Another reason for the price increase is the introduction of staking.

    The price of Axie Infinity (AXS) has risen to a new high. Furthermore, the price increase occurred following the massive airdrop to early supporters as well as the launch of staking for AXS tokens.

    Furthermore, AXS is a blockchain-based battle game that has grown in popularity over the last year. This is due to the fact that users prefer its play-to-earn (P2E) gaming experience. At the time of writing, the AXS price is trading at $110.71, with a 24-hour trading volume of $4,528,539,732.

    AXS Introduces Staking

    Axie Infinity (AXS) has announced that staking capabilities will be available on September 30, 2021. Furthermore, in just two days, members of the AXS community have staked nearly 9.8 million AXS.

    According to recent tweets, other gaming companies in the ecosystem are now staking their AXS holdings. As evidenced by Yield Guild Games’ announcement that it is now staking its AXS holdings, they both benefit from their respective ecosystems.

    Furthermore, the Axie Infinity provides its stakeholders with a 240 percent APR, with rewards propelled by 78.3 million AXS tokens reserved by the company.

    AXS Users Receive Airdrops

    Another reason for the price increase for AXS is this week’s community airdrop. Users who participate in the protocol before October 26, 2020 will be rewarded.

    According to the AXS team, 10,000 wallets were chosen from a snapshot taken on October 26 to receive a share of the 800,000 AXS airdrop.

    The more active users, such as Arctic, a pseudonymous Twitter user, received a larger distribution worth nearly $500,000. Less active accounts, on the other hand, receive smaller distributions that are still financially significant. Particularly in economically depressed areas of the world, where many Axie Infinity players live.

    Finally, analysts believe the peer-to-peer gaming model will be the breakout sector in 2021, which contributes to Axie Infinity’s recent growth.

    What's your reaction?
    Happy0
    Lol0
    Wow0
    Wtf0
    Sad0
    Angry0
    Rip0