Here's Why Axie Infinity Is Rocketing Higher Today
One of the biggest movers in the cryptocurrency world today happens to be none other than Axie Infinity (CRYPTO: AXS). In the span of 30 minutes in early morning trading, Axie Infinity's AXS token jumped as much as 18%, before paring some of those gains. As of 12:30 p.m. ET, Axie Infinity is still up materially, surging 9.8% over the past 24 hours.
This move appears to be a direct result of data published on the number of unique wallets on the play-to-earn gaming platform. Reports that unique active wallets have surged over the past day (by an impressive 77%) have led some investors to ease back into a position in this flailing crypto platform.
Despite this impressive surge in active wallets, Axie Infinity's monthly unique active wallet count is still down more than 10% over the past month. Users appear to be losing interest in the play-to-earn crypto platform, in which users purchase and battle their Axies (creatures), receiving rewards in the form of the Smooth Love Potion (SLP) token.
Source Fool.com
