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Axie Infinity Soars: Up by 10% in 24 Hours


Axie Infinity Soars: 10% Price Surge in 24 Hours

Over the past 24 hours, AXS has experienced a remarkable surge, with its value skyrocketing by more than 10%. This sudden upswing has taken the crypto community by surprise, leaving many wondering about the driving forces behind such a significant price increase.

CoinMarket Cap showing Axie Infinity's price surge

What's even more astonishing is the whopping 512.23% surge in trading volume during the same 24-hour period. A $128,958,335 worth of AXS changed hands, indicating heightened investor interest and activity. The market capitalization of Axie Infinity has also enjoyed a substantial boost, growing by 10.02%. At the time of writing, the market cap stands at $659,598,998.


A significant daily green candlestick emerged, characterized by a long upside wick. Within just one hour, AXS made a remarkable leap from $4.22 to $5.15, marking an impressive gain of nearly 22%. While the initial surge was swift, AXS continues to maintain its upward trajectory, currently exceeding a 10% increase as of the time of writing.


The exact reasons behind this remarkable surge remain somewhat elusive, with no major announcements or upgrades on Axie Infinity's official X account. For now, it appears that the surge can be attributed, at least in part, to technical factors.

 

DISCLAIMER: This article is solely for informational purposes and not for financial, investment, or trading advice, and should not be relied upon for making decisions. Furthermore, thecryptoverse.online has no positions in the cryptocurrency mentioned in this article. For more see our full disclosure here.

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