While AXS has witnessed a huge surge in price over the last week, this is not the first time the value of the popular crypto gaming token has soared.
The price of AXS has been nothing but stellar since the beginning of summer. On June 21, the token was trading hands at roughly $4.20 as the broader crypto market cooled from its May bubble. But as larger cryptocurrencies like Bitcoin and Ethereum shed their heady gains, AXS continued its rise.
By the end of July, AXS had surged to over $40, representing a percentage increase of over 850% in a little over a month. August saw the token range between $42 and $46 before continuing its ascent, hitting an all-time high on August 11 of $75.73, according to CoinGecko.
The latest tie-up with Coinbase has been paramount in the token’s rise.
It’s well-known that a listing with the American crypto exchange can have an outsized effect on any cryptocurrency.
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