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Axie Infinity's 27% Rise Leads Crypto Gaming Token Rally

2 min read

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.

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It’s followed by the MANA token issued by Decentraland, an ETH-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. BTC is trading at $34,827, up 0.6% on the day. ETH, 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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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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