AXS (Axie Infinity) up 17.36% in the last 24 hours

Gate News Bot Message, February 9th, according to CoinMarketCap data, as of press time, AXS (Axie Infinity) is trading at $1.52, up 17.36% in the past 24 hours, with a high of $1.78 and a low of $1.19. The 24-hour trading volume reached $110 million. The current market capitalization is approximately $257 million, an increase of $38.1 million from yesterday.

Recent Important News about AXS:

1️⃣ Market Sentiment Recovery Drives Price Rebound AXS has achieved significant price recovery amid recent market panic, reflecting renewed investor confidence in the project’s fundamentals. Amid overall cryptocurrency market volatility, AXS’s 17.36% increase indicates that market participants are more confident in the future development of the Axie Infinity ecosystem.

2️⃣ Increased Trading Activity Supports Price Rise The 24-hour trading volume reached $110 million, indicating a significant boost in market trading activity for AXS. High trading volume often signals increased market participation and clearer price direction, providing volume support for further price increases.

3️⃣ Market Cap Growth Demonstrates Investor Confidence Rebound The market cap increased by $38.1 million to $257 million within 24 hours. This expansion not only reflects price appreciation but also indicates ongoing inflow of new funds. The growth in market cap suggests a positive shift in investors’ long-term valuation of the Axie Infinity project.

This message is not investment advice. Please be aware of market volatility risks.