• Axie Infinity’s AXS token has been soaring, rising 40% over the past 24 hours to a four month high of $13.94.
• Layer 1 blockchain Aptos‘ APT tokens are also up 250% over the past 14 days.
• The price of APT traded just shy of $13 on Monday, up from last week’s $7 and from a low of $3 in November.
Online game Axie Infinity’s AXS cryptocurrency has been experiencing a surge in its market value in the past 24 hours, rising 40% to hit a four-month high of $13.94. This impressive increase has been despite the looming unlocking of millions of dollars worth of the tokens. On the other hand, the layer 1 blockchain Aptos’ APT tokens have also seen a significant increase in their value, as they have gone up 250% in the past 14 days.
The price of APT was just shy of $13 on Monday, which is a dramatic increase compared to the $7 it was trading at last week and its low of $3 in November. This surge can be attributed to the increasing demand for these tokens, as well as the positive sentiment surrounding the cryptocurrency market in general.
The strong performance of the AXS and APT tokens is a testament to the growing popularity of the cryptocurrency market, as more and more people are turning to these digital assets as a way to diversify their investment portfolios. This has been further fuelled by the recent move of major financial institutions, such as Goldman Sachs, into the crypto space.
The increasing demand for these tokens has also been driven by the increasing accessibility of the cryptocurrency market. As more and more countries begin to regulate the space, investors from around the world are able to enter the market with greater ease and confidence. This has led to a surge in trading activity and an overall rise in the value of the tokens.
Overall, the strong performance of the AXS and APT tokens is a sign of the growing confidence in the cryptocurrency market, as investors and institutions alike are turning to these digital assets as an attractive investment option. With the continued development of the space, it is likely that these tokens will continue to rise in value in the coming days and weeks.