Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. $2.28M AXS short positions liquidatedĪccording to data from Coinglass, about $2.28M worth of AXS short positions have been liquidated over the past 24 hours following the current price surge. The increased activity is largely the one behind the current price surge. Although the token is still way far from its all-time high (ATH) of $164.90 recorded in November 2021, today’s price surge could be the beginning of a splendid rally towards the ATH.īut why is the AXS price rising? Well, according to data from NFT data platform CryptoSla, the Axie Infinity trading volume has reached a high of $48K over the past few weeks meaning there is an increased activity within the Axie Infinity ecosystem. Here’s what is making AXS price riseĪxie Infinity’s native token has had a rocky 2022 and it seems it is up for a recovery in December. While it can be attributed to the recovery of the broader crypto market, The AXS price rise is so distinct and there is surely something behind the movement. Metaverse and NFT tokens including Axie Infinity (AXS) and the likes of Sandbox (SAND), and Decentraland (MANA) have made significant gains today.
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