AXS, an old-school blockchain gaming giant, rebounds 13%! AXS moves in tandem with BEAM and turns green—can the metaverse blockchain gaming sector make a comeback?
AXS is quoted at 1.359U (+13.71%). As a veteran blockchain gaming token with a market cap of $1.2B, its spot trading volume today is only about $1M. There’s no new season underway, and no new land auctions today. What’s driving it today is that it’s moving together with BEAM—this is exactly what happens when “the old inventory of games” gets swept up by capital as a whole. This kind of sector linkage is very obvious: moves up together often come with declines together as well, and if volume doesn’t follow through, it could just as easily give back the gains.
$AXS
AXS is quoted at 1.359U (+13.71%). As a veteran blockchain gaming token with a market cap of $1.2B, its spot trading volume today is only about $1M. There’s no new season underway, and no new land auctions today. What’s driving it today is that it’s moving together with BEAM—this is exactly what happens when “the old inventory of games” gets swept up by capital as a whole. This kind of sector linkage is very obvious: moves up together often come with declines together as well, and if volume doesn’t follow through, it could just as easily give back the gains.
$AXS