🔥 1. Strong Price Surge in Recent Days
The AXS token has experienced a significant price increase, rising over 60% in 24 hours and breaking above ~$2, with growing interest in the GameFi (blockchain gaming) market.
Some Arabic reports noted that amid this movement, AXS has become one of the top-performing tokens in the gaming segment of the crypto market today.
📉 2. High Volatility and Fluctuations
Despite the surge, the price also dropped by around 7% after the rapid rise, due to increased selling pressure on exchanges.
This reflects considerable price volatility during the same period, which is common for medium-liquidity tokens.
📊 3. Broader GameFi Market News
A recent report indicates that the GameFi market overall is slowing down this week after a strong start in January, with some projects retreating from full Web3 models.
📈 4. Current Reasons for the Price Surge
The recent movements in AXS are supported by changes in Axie Infinity’s economic model, such as halting certain traditional rewards (SLP) to improve economic balance and reduce selling pressure.
Additionally, there is a focus on introducing new token mechanisms (like bAXS) to enhance the in-game economy and encourage longer-term player engagement.
