Gaming Tokens Rally 47%, Beating Bitcoin, Ethereum Gains Despite Heavy Drop in Active Players

AXS AXS/USD, the native token xi infinity The game is up 47% despite a continued decrease in monthly players.

Apex Crypto Bitcoin BTC/USD and Ethereum BTC/USD is up 0.17% and 0.18% respectively in the last 24 hours.

What happened: According to statistics from Activeplayer.io, Axie Infinity had 2.78 million monthly active players in January 2022. This month, the average number of players in the last 30 days is only 432,001 players, a decrease of 84%.

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At the time of writing, AXS was trading at $13.40, according to Benzinga Pro.

The AXS rally can be largely attributed to a recent NFT project by Sky Mavis, the company behind Axie Infinity. The NFT project has generated $4.26 billion in total NFT sales.

The rally can also be attributed to anticipation from the co-founder of New Games Exy. Jeffrey Gerlin In development, sharing screenshots of an upcoming builder’s schedule as a sneak peek.

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