On Friday, the game tokens used in the Axie Infinity game field once again hit a record high of $32.17 per unit. Gaming tokens earned more than 844% in the last month, outperforming most crypto assets.
Axie Infinity beats cryptocurrency competitors
The cryptocurrency community discussed the token axie infinity (AXS) again this week as the price of crypto assets hit a new high. On July 23, 2021, during the morning trading session (EDT), AXS hit an all-time high (ATH) of US$32.17 per unit. Since then, the price of AXS has fallen by more than 3% from ATH and is currently trading at $31.55 per unit at the time of writing. In the past 24 hours, AXS has soared 28.6% and 150.0% in two weeks.
Among the existing more than 10,000 crypto assets, AXS currently ranks 53rd in market valuation. The market value of AXS on Friday was approximately US$1.9 billion, and the global transaction volume was US$3.1 billion, dedicated to the token. Interestingly, statistics from cryptocompare.com show that the top trading pair of AXS is Tether (USDT), which controls 83% of today’s AXS transactions. Followed by 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 slight rise
In the entire cryptocurrency market value of approximately $1.37 trillion, the axie infinity (AXS) market dominates 0.14%. This is a far cry from the dominance of Bitcoin (BTC) 45.8% and Ethereum (ETH) 18.1%.
Another token related to the Axie Infinity game world, Smooth Love Potion (SLP) has also made some gains in the past 24 hours. The percentage increase is far less than the market performance of AXS, but SLP still rose more than 42.1% in the past two weeks. Among the 10,000 cryptocurrencies that exist today, Smooth Love Potion ranks 208th.
The total market value of SLP on Friday was approximately US$155 million, and the total market value of 24-hour global swaps was US$229 million. At the time of writing, the price of SLP is $0.287, which is a 27% drop from the coin’s ATH price of $0.399 ten days ago. The trading pair of SLP is very different from AXS, because the top trading pair of SLP is the stable currency BUSD, which accounts for 66.93% of the transaction. Followed by ETH (28.85%), USDT (3.57%), USD (0.66%) and BTC (0.01%).
What do you think of the recent axie infinity (AXS) token ATH? Please tell us your thoughts on this topic in the comments section below.
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