Axie Infinity AXS/USD is one of the most viral games on Ethereum, where almost a fifth of its sales took place within the last week and three quarters ended up getting concluded within the past month.
It has the title of being the first NFT game to surpass $1 billion in sales. Axie Infinity by itself is a simple game where you battle monsters that have various stats which determine how well they can perform in battles with other players. The fact that cryptocurrencies are included in the game makes it a lot more lucrative and incentivizes players to spend and earn while playing the game.
However, the result of this is the fact that the game is expensive, as a single Axie Infinity monster could cost hundreds of dollars.
The main appeal of the game is that players can sell their Axie Infinity tokens on secondary markets, they’re not stuck with them, and they can earn this way. AXS is used for governance and acts as voting shares.
How does this new title to the game impact its price, and is it worth investing in?
Should you invest in Axie Infinity (AXS)?
On August 9, the value of Axie Infinity (AXS) was $43.37.
It experienced its all-time high on June 27 with a value of $52.17. This means that its value in August decreased by 17%.
To get a heightened perspective about its recent shifts in value, we will be analyzing its value in July. Its lowest point was on July 20 with a value of $14.27. Then, on July 27 its value sky-rocketed to $52.18. This led to a 265% increase.
