Summary
- Axie Infinity (AXS) has surged about 227% over the past month, extending its rally.
- With major crypto assets such as Bitcoin (BTC) trading sideways, AXS’s independent advance is seen as notable.
- Markets point to Sky Mavis’s rewards-structure overhaul and new-season launch, which are expected to improve the token circulation structure and ease near-term selling pressure.
Axie Infinity (AXS) has continued to post steady gains in recent days.
As of the 24th (KST), CoinMarketCap data show Axie Infinity at $2.76, up 1.9% from the previous day. That marks a surge of about 227% from a month earlier.
The move is notable as it comes while major crypto assets, including bellwether Bitcoin (BTC), have been trading sideways.
Market participants say the rally has been driven by developer Sky Mavis’s recent overhaul of the in-game rewards structure and the launch of a new season, which has boosted investor sentiment. Crypto-focused outlet Decrypt said, “The update improved the token’s circulation structure and has fueled expectations that near-term selling pressure will ease.”
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
