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Axie Infinity Surges 32%, Other Crypto Gaming Tokens Follow

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Native tokens of several blockchain-based gaming platforms, such as Axie Infinity (AXS) and Enjin (ENJ), are posting double-digit gains today as the rest of the crypto market continues to trade sideways.

At the time of writing, AXS, the native token of Pokémon-like crypto gaming platform Axie Infinity, has jumped to $29.22, marking a price increase of 32.4% over the past 24 hours.

Meanwhile, projects such as Enjin (ENJ), Decentraland (MANA), and Flow (FLOW), are similarly posting hefty gains today.

The price of ENJ, a token associated with blockchain-based gaming platform Enjin, surpassed $1.42, gaining roughly 18.1% on the day. 

MANA, which can be used to pay for avatars, cosmetic items, naming rights, and more on the virtual reality platform Decentraland, jumped to $0.73 as its price grew by 17.4%.

Flow, the blockchain on which wildly popular non-fungible token (NFT) marketplace NBA Top Shot is based, saw its native token gain 21.03% today, trading at around $20.05.

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Finally, Chiliz, which powers blockchain-based fan engagement platform Socios.com,  posted a 16.4% increase in the last 24 hours, trading at around $0.27.

Top cryptos lag behind gaming

At the same time, most of the major top 10 cryptocurrencies remain stagnant. So far, BTC only managed to climb by .1% over the past day and reached $32,569. ETH fares a little bit better, gaining 1.3%, but is still trading below the $2,000 mark.

In their turn, Binance Coin ($318, +5.2%), Cardano ($1.24, +1.82%), Ripple’s XRP ($0.61, -0.1%), Dogecoin ($0.194, -1.4%), and Polkadot ($13.60, -1.4%) are seeing marginal moves, both positive and negative, on the day.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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