Blockchain gaming project Axie Infinity (AXS) has just been listed on the popular crypto exchange Coinbase. Does AXS still have room for improvement after the recent rally?

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Axie Infinity rises more than 60 in 7 days%

As of now, blockchain gaming hit Axie Infinity (AXS) can be purchased on the crypto exchange Coinbase. The Exchange in an announcement:

“As of today, Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Quickswap (QUICK) and Wrapped Luna (WLUNA) are on Coinbase.com and available in the Coinbase apps for Android and iOS.“

It has already given the price of the gaming token a slight upswing: AXS was able to rise around 5%, but subsequently withdrew slightly. If you zoom out a bit, you get a more bullish picture for the successful project: Axie Infinity gained 64% in the last week – more than any other project in the crypto top 50!

Coinbase Euphorically Calls the AXS listing a “victory,” writes on Twitter:

„Victory. AXS and Coinbase are finally together! AxieGang let’s go!!!“

Not quite so euphoric (but with additional information) is the team behind Axie Infinity:

“AXS can now be traded on @coinbase.

Legal disclosure: From time to time, we will conduct transactions with our own tokens.“

Usually, a Coinbase quotation is accompanied by a strong price increase. However, it is still unclear what impact the listing will have on the playability of Axie Infinity. For example, some users express concern that axie breeding and profitability could be affected, as many non-axie players can now potentially buy and hold large quantities.

What is Axie Infinity (AXS)?

Axie Infinity (AXS, to buy from eToro or Libertex) is a new game on the Ethereum blockchain. It can be compared to Tamagotchi or Pokémon: players breed token-based creatures, called axies, raise them, collect them, trade them or use them to fight other players.

The creatures in Axie Infinity, Axies, exist in very different shapes and colors. A total of 500 components are available: such as parts of birds, beetles, reptiles or other creatures. These components, in turn, are divided into four levels of rarity: ordinary, rare, extremely rare and legendary. Each of these entities is simultaneously a so-called NFT (non-fungible token) and can be traded accordingly.

The concept has apparently hit a nerve, because AXS has been able to gain more than 5,000% in a rally since the beginning of the year. On June 30, AXS was still trading at $ 5.43-and then the coin went on a Journey of no return: 30 Days later, Axie Infinity was already at $ 43.25, and it wasn’t until August 11 that AXS exploded to its previous all-time high of $ 76.96. Currently, AXS is trading at $ 69.64-just 9.69% below highs. It is very likely that the Coinbase listing will greatly boost the token in the next few weeks.

Course explosion at Axie Infinity: how far is it up? Source: Coinmarketcap.com