Axie Infinity Online Game Token Reaches All-Time High

As you already know, LATOKEN, one of the leading cryptocurrency exchanges, and IEO launch platforms with a focus on security and useability, often writes LATOKEN reviews and shares tips on avoiding crypto scams. But what is more, LATOKEN is also happy to share the latest crypto news. We are happy to provide education and resources for its users, traders, and cryptocurrency enthusiasts worldwide. It is an essential step to stay up to date if you are trading. Today we will talk about the altcoin Axie Infinity, and its price! Read on!

What is Axie Infinity?

Axie Infinity (AXS) is a blockchain game where players fight each other using fantastic creatures, each represented as an NFT token. Players can buy, create and trade new creatures. They can also earn crypto by creating and selling new creatures, winning battles with other players, and placing bets on battles’ outcomes. The project was developed on the Ethereum blockchain by Sky Mavis.

What happened to Axie Infinity?

Altcoin’s price exceeded $154, and its capitalization increased to $9.1 billion. Read on and find out more today!

The price of the Axie Infinity token on October 4 updated its all-time high at $154. Over the past day, the altcoin has risen in price by 40%. The growth over the past two months was 285%. The capitalization of the token has increased to $9.1 billion, according to CoinGecko. Last week, the number of Axie Infinity token holders exceeded 17 thousand addresses, having increased by 420% since the beginning of the year.

In early August, Axie Infinity’s active audience exceeded 1 million users.

The Smooth Love Potion (SLP) internal blockchain game token, which players receive as a reward for battles, has even started to be accepted by merchants as payment in the Philippines. However, the local regulator became interested in such sellers. As a result, the Philippine Ministry of Finance has proposed taxing operations with the SLP token in the country.

By the way, if you want to learn more about the most promising tokens through LATOKEN Review, crypto news and tips on avoiding becoming a victim of a cryptocurrency scam, follow us on Medium, LATOKEN Blog, or LATOKEN VCTV channels.

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LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.

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