• Axie Infinity (AXS) has hit a excessive of $13.83 at present.
• AXS is at present’s high gainer adopted by STEPN coin.
• Here’s a deep dive into what’s inflicting at present’s value surge.

After a relaxed weekend with most cryptocurrencies consolidating their earlier good points, Axie Infinity has began the week with a bang after climbing to a four-month excessive of $13.83.

AXS has traded beneath $12 since mid-September and dropped to as little as $6 in the direction of the top of 2022. The token has nevertheless turned the tables and staged a gentle restoration because the begin of 2023 with at present being one of many biggest days for the token in current historical past. 

At press time, the token was buying and selling at $12.86 after a slight pullback from a excessive of $13.83.

However what’s pushing the value of AXS up and the way far will it go? Listed below are the forces behind at present’s AXS rally.

What’s pushing Axie Infinity value up?

Though the crypto winter introduced the value of the Axie Infinity token down from its all-time excessive (ATH) of $165.37 to buying and selling beneath $10, the elevated gaming exercise on the Axie Infinity blockchain is basically behind the continuing bullish value motion.

Axie Infinity is branded as a blockchain-based battling recreation owned and operated by gamers around the globe. Impressed by such video games as Tamagotchi and Pokémon, and the power of gamers to gather, breed, elevate, battle, and commerce token-based creatures the Axie Infinity ecosystem has seen elevated development because the begin of 2023.

Axie Infinity presently ranks as probably the most profitable play-to-earn (P2E) recreation throughout the blockchain trade and the booming sentiment amongst gaming tokens has additionally boosted AXS efficiency with many traders now anxious to see what the long run holds for the token.