One of the GameFi tokens in the cryptocurrency market Axie Infinity (AXS) has gained more than 23 percent in the last 7 days. Named in the top 100 in the cryptocurrency market AXS, has experienced a price increase of 3.5 percent in the last 1 day.
It is quite understandable that AXS is aiming to be a long-term investment, as it has performed strongly.
Axie Infinity (AXS) Rises
The value of the GameFi industry is increasing day by day. With this interest AXS Similarly, we can say that the interest in GameFi tokens is increasing. We see this clearly in the recent performance of AXS.
AXS, whose value dropped to $12.4, is now trading above $17. While the cryptocurrency has gained 3.5 percent in the last 24 hours, it has made its investors smile with an increase of 20.3 percent in the last 30 days.
After the ups and downs after the breakout, the price is expected to move towards the next resistance. The start of the 50-day EMA resistance level positively affected the increase in the current value of the AXS token.
The Role of the GameFi Industry Today
As the opposite of NFTs and DeFi GameFi had a positive impact with the entry to the sector remaining at a constant level. In addition, many projects have survived the bear market we are in, showing that the sector has taken less damage.
According to CoinGecko data, Axie Infinity (AXS) is trading at $ 17.71 as of the writing of the news.
