Bitcoin News and Finance Ethereum Gaming Token Axie Infinity Taps Another All-Time Price High Skip to main content

Ethereum Gaming Token Axie Infinity Taps Another All-Time Price High

Ethereum Gaming Token Axie Infinity Taps Another All-Time Price High

On Friday, the game token utilized within the Axie Infinity gaming realm has once again captured another all-time price high at $32.17 per unit. The game token has outperformed a great majority of crypto assets by commanding more than 844% in gains during the last month.

Axie Infinity Outperforms Crypto Competitors

The cryptocurrency community is chatting about the token axie infinity (AXS) again this week as the crypto asset has captured new price highs. On July 23, 2021, during the early morning trading sessions (EDT), AXS tapped an all-time high (ATH) at $32.17 per unit. The price of AXS has slid more than 3% from the ATH since, and is currently trading for $31.55 per unit at the time of writing. Over the last 24 hours, AXS has jumped a whopping 28.6% and 150.0% in two weeks.

Ethereum Gaming Token Axie Infinity Taps Another All-Time Price High
AXS/USD on July 23, 2021, at 9:30 am EDT.

Out of the more than 10,000 crypto assets in existence, the AXS market valuation is currently ranked in the 53rd position. The AXS market cap is around $1.9 billion on Friday and there’s $3.1 billion in global trades dedicated to this coin. Interestingly, statistics from cryptocompare.com show the top trading pair with AXS is tether (USDT) which commands 83% of AXS trades today. This is followed by the BUSD (10.34%), BTC (4.46%), BNB (0.68%), USD (0.58%), and ETH (0.18%) trading pairs.

Smooth Love Potion Follows Axie Infinity’s Run-Up With Lighter Gains

Out of the entire crypto market capitalization of around $1.37 trillion, the axie infinity (AXS) market commands a 0.14% dominance rating. That’s a far cry from the dominance rating held by bitcoin (BTC) at 45.8% and ethereum (ETH) at 18.1%.

The other token tied to the Axie Infinity gaming universe, smooth love potion (SLP) has also seen some gains during the last 24 hours. The percentage gains are not nearly as large as AXS’s market performance but SLP is still up over 42.1% across the last two weeks. Smooth love potion is ranked 208th out of the 10,000 cryptocurrencies in existence today.

Ethereum Gaming Token Axie Infinity Taps Another All-Time Price High
SLP/USDT on July 23, 2021, at 9:30 am EDT.

SLP has an overall market cap of around $155 million on Friday and there’s $229 million in 24-hour global swaps. At the time of writing, SLP is swapping for $0.287, down 27% from the coin’s ATH at $0.399 over ten days ago. SLP has a much different set of pairs than AXS, as the top trading pair with SLP is the stablecoin BUSD with 66.93% of trades. This is followed by ETH (28.85%), USDT (3.57%), USD (0.66%), and BTC (0.01%).

What do you think about the recent axie infinity (AXS) token ATH? Let us know what you think about this subject in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory