AXS - Why Metaverse Cryptocurrency Axie Infinity Is Soaring Today
Axie Infinity (CRYPTO: AXS) is a wildly popular metaverse-style blockchain game. One of its primary cryptocurrencies, the AXS token, is soaring higher on Saturday afternoon, up 12.7% over the last 24 hours as of 2:00 p.m. ET.
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Volatility is a hallmark of the crypto market, and prices can swing wildly without any real provocation. But in this case, many cryptocurrencies appear to be building on the stock market's momentum. The S&P 500 and the Nasdaq Composite both finished last week in the green, marking their best weekly performance so far in 2022. And Axie Infinity appears to be riding that wave higher.
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Why Metaverse Cryptocurrency Axie Infinity Is Soaring Today