Axie Infinity’s 27% Rise Leads Crypto Gaming Token Rally
Following yesterday’s price surge for decentralized finance (DeFi) cryptos, blockchain gaming-related tokens are now taking their turn in the spotlight, with some of them posting gains over 20% today.
The latest push is led by AXS, the native token of Pokémon-like blockchain game Axie Infinity—one of the hottest decentralized applications (dapps) currently. At the time of writing, AXS is trading at $13.48, up 27.7% on the day, according to crypto metrics platform CoinGecko.
It’s followed by the MANA token issued by Decentraland, an Ethereum-based virtual reality platform where users can create assets, explore 3D environments, and trade with other participants. The price of MANA jumped to over $0.7 today, gaining more than 16.2% in the past 24 hours.
At the same time, the price of Chiliz (CHZ), a cryptocurrency aimed specifically at the sports and entertainment sectors which also powers blockchain-based fan engagement platform Socios.com, increased to just over $0.268973, seeing a 10.5% boost in 24 hours.
Finally, ENJ, a token associated with blockchain-based gaming platform Enjin, posted similar gains around 10.7%, currently trading at around $1.31.
Top 10 cryptoassets stagnant
Meanwhile, most of the “heavyweight” cryptocurrencies continue to remain in stasis today. Bitcoin is trading at $34,827, up 0.6% on the day. Ethereum, the second-largest digital asset by its market capitalization, fares a little bit better—up 3% and trading at about $2,380.
In turn, Сardano ($1.43, -1%), XRP ($0.668, -0.9%), and Dogecoin ($0.234437, -1.4%) are still struggling to break out of the red zone. However, Binance Coin ($333, +4.6%) and Polkadot ($16.73, +5.2%) are seeing modest gains.
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, @KhareemSudlow
