Axie Infinity, a blockchain gaming token, is one of the cryptocurrency assets seeing huge gains as the cryptocurrency market gradually returns to the green after weeks of uncertainty due to the FTX crash. The weekly chart of AXS shows double-digit gains, with the price up 24% in the past seven days.

Bitcoin and Ethereum price have given up their previous gains; Axi Infinity jumps 30% – https://t.co/NocNZ82cZm# encrypt #CryptoNews #CryptoTrends #NFT #NFTNews #NFTRelease #NFTDrop #AltCoin #AirDrop #NFTProject # I grow #NFTCommunity #CNFT #CNFTC Community pic.twitter.com/H2Q6OmMvfx

– DropTown Saloon – Hello! (DropTownSaloon) December 6, 2022

AXS is the cryptocurrency game. Axie Infinity is essentially a Pokémon-like game that uses public NFTs and AXS currency, both of which can be used as in-game assets or exchanged outside of the Axie Infinity ecosystem.

Axie Infinity’s original token, AXS, which allows players to buy fantasy creatures called Axies, is up 24% over the course of a week. In addition to the price hike, there has been an increase in trading activity due to traders taking advantage of the recent volatility. AXS, which has a market capitalization of $842 million, has also climbed the ranks of cryptocurrencies and is currently the 50th largest cryptocurrency in the world.

However, the blockchain-based game Axie Infinity recently made a great statement, which is one of the main factors keeping AXS prices higher. According to ARTIC, evangelist of Axie Infinity, “Today, more than 600 dedicated and important community members have been brought together to help build the future of Axie Infinity.”

Today, more than 600 dedicated and influential community members have been brought together to help shape their future @tweet.

It is an honor to play a part in this early process. I look forward to being a part of whatever comes next! Let’s keep building 🛠️ https://t.co/8KfZCl4oiz

– Artik 🦇🔊 (@Axie44) December 5, 2022

The current price of Axie Infinity is $8.37, with a 24-hour trading volume of $197 million. Axie Infinity saw an increase of 0.15% in the previous day. Axie is now ranked #50 in the market, with a market capitalization of $842 million.

It has a total supply of 270,000,000 AXS Coins and a circulating supply of 100,564,114 AXS Coins.

Latest update for Axie Infinity “Axie Core”

Axie Infinity has created some excitement in the cryptocurrency industry due to the project’s strategy update for the future. The Axie Infinity team outlined the idea for the “Axie Core” on Monday.

Axie Infinity’s future roadmap included information about character extensions, spawning, and avatars focused on collectability to strengthen emotional bonds with the company.

Axie’s trading volume rose 800% to $10.4 million after @tweet The team released their first details about Axie Core!

What is the essence of it all? Get more alpha than @tweet 👇🧵

(1/6) pic.twitter.com/l8AgabkkAi

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– DappRadar (DappRadar) December 7, 2022

As a result of the market’s good reaction to this news, AXS stock jumped from $7 on Sunday to more than $9 on Tuesday.

Axie Core is an eternal Axie experience that is not tied to a specific game; It is the universal and aesthetic Axie experience,” writes Substack. “The goal of the Axie core is to strengthen the emotional bond between you and your interlocutor.”

1/ Dear Axie Community,

We wrote an article outlining the vision of an important part of our ecosystem: the Axie Core.

Axie Core is eternal and not tied to one particular game; It is Axie’s universal and aesthetic experience.

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📜 | https://t.co/NJIlqSrqz6 pic.twitter.com/olZNsvuzLh

– Axi Infinity | #My _ Lord _ my _ love December 5, 2022

Decentralization is progressing at Axie Infinity

Another important factor supporting the price of the Axie Infinity Coin is the positive statement of the Axie team. Axie Infinity recently announced the “Axie Contributor Initiative,” which will advance its progressive decentralization strategy with the Axie community through the formation of an “Urban Planning” team, community councils, decentralized community treasury management, and other initiatives.

As a result, AXS’ weekly chart has shown double-digit increases, with its price up 24% in the past seven days.

$AXS Prices are up 28% in the last 24 hours.

This was due to the latest news regarding the “Axie Contributor Initiative”, a progressive decentralization strategy built around #AxieInfinity social communication.

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The price reached a high of $8.84 and a slight correction followed. pic.twitter.com/JTAcW6cz0k

– Crypto Sensei (cryptosenseiXBT) December 5, 2022

Therefore, the recent initiative that has increased trading activity and the price of the token may provide the much needed boost to a better new year for the Axie Infinity native token.

A bearish crypto market and a stronger US dollar

The cryptocurrency market has been blinking red since the beginning of the day, weighed down by growing concerns about a rate hike.

The Fed is expected to raise interest rates for the last time this year, and the market believes that the rate hike will be 50 points, which means that the pace of interest rate hikes has begun to slow down, and the market expects the Fed to turn around. #feed it #powell pic.twitter.com/Wwy6HJ3lrs

– Diana (Forex__XAUUSD) December 8, 2022

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In comparison, the global cryptocurrency market capitalization was $840.28 billion, down 1.60% in 24 hours. Bitcoin (BTC) and Ethereum (ETH), the two most valuable cryptocurrencies, are now worth over $16,000 and $1,200, respectively.

Bitcoin price extended its decline below the $17,000 level. BTC could avoid a major decline if it closes above the $17,000 resistance area.

– Black Hat Merchant  (@ RanaTayyab121) December 8, 2022

Other cryptocurrencies, such as Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL), declined. Therefore, the crypto bear market was seen as one of the main things that prevented the prices of Axie Infinity Coins from rising further.

Moreover, gains in the Axie Infinity coin may be limited by the recovery of the US dollar, which offset some of the previous day’s losses as investors pondered the direction of the Federal Reserve’s policy amid fears that higher interest rates will lead to a recession.

IMPT pre-sale ends soon

IMPT is another coin that has recently seen a price surge and has just reached the $14 million mark, raising hopes that the coin will rise above all expectations in 2023. With only six days left before it officially ends, the IMPT pre-sale has now sparked more Total $16.5 million.

🚨 A new milestone has been achieved

🔥 rose $16 million

Only 3 days left until the end of the pre-sale! 🚀

Hurry up! Don’t miss your chance! ⬇️https://t.co/8KSvC4GHjF pic.twitter.com/kCILcUqaRg

– IMPT.io (IMPT_token) December 8, 2022

The IMPT pre-show has been focused on achieving goals since it began in October. Before you hit $2 million in five days and $5 million in two weeks, you made $150,000 in the first 24 hours, $1 million in the next 72 hours, and then $2 million in the next five days.

IMPT powers the Impact System, a blockchain technology that allows carbon credits to be bought and sold. IMPT is likely to become a new darling cryptocurrency once ESG stops trading. In addition, web users can fund international initiatives for environmental sustainability. All transactions use the IMPT token.

There is a lot of interest in IMPT due to the expansion of the platform’s affiliate networks. And her pre-sale up to this point has been really cool. IMPT has now raised over $14 million after completing two of its three presale phases.

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