The total amount allocated to the digital currency “AXS” reaches 2 billion dollars
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Answer The total amount allocated to the digital currency “AXS” reaches 2 billion dollars
The interactive game “Axie Infinity” has become the talk of the public and private in the crypto community, due to its digital currency AXS, which has reached record numbers.
Recently, according to a recent press report, the total amount allocated to the digital currency “AXS” reached nearly two billion dollars, which is a new record.
At the same time, the price of AXS rose to a new high after the recent price increase, bringing the coin’s price to a triple-digit value.
Launched less than a year ago, Axie Infinity is an online game based on the Ethereum blockchain.
The game has seen tremendous growth in the past several months in terms of activity and engagement.
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Last week, the number of participants and holders of its digital currency rose to record numbers, with the growth rate reaching 420% since the beginning of the year until the date of the moment.
The demand for the platform does not appear to be declining, in part due to the unusually high rewards that Axie Infinity is offering.
Users wishing to participate in the game have to allocate their AXS coins, which essentially increases the demand for them while decreasing the supply of AXS coins.
Currently, there are more than 12,500,000 lots allotted.
From a dollar perspective, these AXS cryptocurrencies are worth $1.84 billion.
This means that approximately 20% of the total circulating supply of AXS, which currently exceeds 60 million, has been allocated to the platform.
To some extent expected, this supply and demand ratio has resulted in an impressive price performance for the coin’s price.
The AXS cryptocurrency index is up about 130% in the past week, and earlier today the coin’s price charted a new all-time high at around $145.
It is worth noting that the price of the digital currency AXS traded at less than $ 50 last September 21.
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Meaning that the price of the currency nearly tripled in less than two weeks.
Consequently, AXS entered the list of the top 20 coins by market capitalization, as its value grew to nearly $9 billion.
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