Wow! Axie Infinity Token Hits Double All-Time High Price This Weekend

JAKARTA – The crypto world was shocked by the skyrocketing price of the Axie Infinity (AXS) token which rose to 32.17 US dollars per coin (around Rp. 465,665) on Friday, July 23. The increase is the all-time high (ATH) of AXS tokens. The skyrocketing price of AXS has given its owners more than 844 percent gains in the past month.

AXS has become a hot topic among the crypto community because of its high performance. Since breaking through ATH, the price of AXS has only decreased by 3 percent. It didn't stop there, the price of AXS broke through ATH again on Saturday, July 24th. CoinGecko reported that AXS broke its second all-time high of USD 49.20 (equivalent to Rp. 712,177).

In the last 24 hours AXS has decreased by 2.6 percent. At the time of writing, AXS is trading at US$41.05 (around Rp.594.204). AXS has a maximum coin circulation of 22 million coins out of a total supply of 270 million coins.

For information, AXS is a token used in the game Axie Infinity. Users can stake and earn more AXS. Axie Infinity itself is a blockchain-based online game, players can buy cute monsters in the form of Non-Fungible Tokens (NFT). This game is earn-to-play, or a game that can generate tokens. Axie Infinity was created by indie video game developer Sky Mavis.

The skyrocketing AXS also boosted another token related to the Axie Infinity game, namely the Smooth Love Potion (SLP) token. The SLP has jumped 42.1 percent in the past week. The increase pushed SLP to occupy position 208 of the current 10,000 cryptocurrencies.

Data from CoinMarketCap shows that AXS is already in the top 100 crypto assets. AXS is now in 39th position out of 100 cryptocurrencies. Four points adrift of the popular coin Shiba Inu (SHIB) which occupies the 35th position.