Axie Infinity’s AXS Token Reach New ATH Following the Announcement of Staking Feature and Upcoming Airdrop

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A couple of days after the blockchain play-to-earn world phenomenon game, Axie Infinity, announced the launch of its highly-anticipated staking features and upcoming token airdrop amounting to over $60 million, its native token, the AXS, hit a new all-time high.

According to the latest analytical reports, AXS surged by more than 41% within the past 24 hours to hit $153 apiece successfully. This price movement doubles the tokens value of $73 back at the end of September.

That being said, it is worth noting that the crypto industry was flooded by more than $193 billion within the past week, which could be the principal factor for almost all digital assets climbing in price value, not just AXS. For example, today’s two market leaders, namely Bitcoin and Ether, both climbed by over 10% following the sudden influx of cash within the industry.

Nevertheless, Axie Infinity now aims to elevate its AXS tokens to as high as $200, which experts definitely think is possible, especially with the still-rising buying pressure currently apparent with most crypto space participants.

That may be, some also warn AXS holders that the inverse development could happen as well. As much as AXS has the potential to rise to $200, it could just as easily plummet to $120 or $100.

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