When we look at the assets that have risen the most in the last 24 hours, Axie Infinity ranks first. The asset managed to attract attention with its 39.06% rise in the last 24 hours.
AXS Decreases Player Number
According to statistics from Activeplayer.io, NFT-based online video game Axie Infinity had 2.78 million monthly players in January 2022. The number of players, which fell to 468,805 per month in December of 2022, fell to the lowest level not seen since November 2020. However, the first month of 2023 witnessed depressing numbers for Axie. However, when we look at NFT sales, the project developed by Vietnamese game studio Sky Mavis recorded $4.26 billion in total NFT sales.
AXS Price Up 62%
According to Cryptoslam.io data, sales on Axie’s Ronin chain have increased by 41% in the last 30 days compared to the previous month. Ronin’s sales in the last 30 days have reached 1 million 418 thousand 842 dollars. Even as player numbers fell, post-NFT sales, Axie platform’s native crypto asset, AXS, has gained 62% against the US dollar in the past 30 days.
Why is AXS Rising?
Many experts attribute this rise in AXS price to the growing interest and participation in the blockchain gaming industry, as well as the increasing use of NFTs. Although rumors have been circulating for a while that interest in NFTs has decreased and sales are not the same as before, the DappRadar report published recently revealed that NFT sales in 2022 reached 101 million. This figure reveals an increase of 67.57 percent compared to the previous year. However, another reason for the rise in the price of the asset can be cited as the new projects and events that the Axie platform has recently introduced one after the other.
As another development to support the increase in AXS price, we can show 4.8 million AXS tokens that will be unlocked during the day today. The current value of these tokens, which are expected to be unlocked, is approximately 64 million dollars.
AXS Price Analysis
Well, let’s examine together where are the important levels to follow in AXS price. If the asset, which is priced at $13 levels, continues to rise, the resistance level to be followed is in the $13.95 region. In a possible bearish scenario, the asset could see a pullback to the initial support level of $12.25. If it fails to break out above that support level, another support level to watch is located in the $11.60 region.