While bitcoin is still constrained in price below $40,000 and most altcoins are far from their highs.

Cryptocurrency AXS is out of the crowd, rising by 50% to hit a new peak.

Thanks to the increase in NFT sales and increased demand, the game currently dominates the NFT token market.

Increasing demand for digital currency AXS:

The price of (AXS) increased nearly 400% in less than one month, and the market value reached a peak of more than one billion dollars today, July 10, according to “coinmarketcap“.

AXS hit an all-time high earlier today, as the cryptocurrency touched $19.52 after a 51% daily increase.

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As a reminder, not to arouse feelings of heartbreak, the AXS cryptocurrency was only trading around $0.5 in less than a year ago.

Meaning whoever invested $1,000 in the AXS cryptocurrency on July 10, 2020, and sold it today at the top, he will achieve a return of 3804%, and his investment will be estimated at $39,000.

According to the analysis of Axie Infinity’s returns against the coin’s market capitalization, we find that the market capitalization is rising along with Axie’s game income and revenue.

The 30-day AXS cryptocurrency has now traded more than $260 million, roughly the total trading volume of NBA Top Shots, CryptoPunks, and OpenSea tokens combined.

People are already using the money earned from AXS trading to buy real goods and necessities, like a 22-year-old who just bought two houses thanks to “Axie Infinity” and another person who bought a plot of land thanks to the game.

For those looking for the “Axie Infinity” game and what it is, we have already discussed it with a detailed explanation in the article:

Learn about one of the most famous games based on Ethereum “Axie Infinity” and its digital currency “AXS”

Read:How did the crypto community react to fake news regarding Walmart and Litecoin?

And we mentioned in this article that the currency will rise if the demand for the game increases, which is what actually happened:

Read:Burning NFT token artwork sells for $382K

AXS trading is supported by many large trading platforms such as Binance, and recently Kraken added it.

Axie Infinity is now responsible for both the most traded game tokens on the market as well as the largest NFT sale to date after someone bought $1.5 million worth of virtual lands in the same game.

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