Axie Infinity Price Prediction: Ronin Update Draws Attention, Investors Also Keen on Swords of Blood
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
P2E games are a key talking point in the market at the moment. The quality of these games has consistently been improving and players of traditional games are also taking to these games.
One of the most well-known games in this niche is Axie Infinity, which played a big part in creating this industry. The AXS token is currently priced at $8.32, with a notable increase in 24-hour volume, up 11% to over $41 million. Year-to-Date is also promising, with the up from $6, which represents a 38% increase.
Why is AXS seeing this price increase? Well, there are a few reasons why this might be the case. Perhaps the most significant of these is the Ronin upgrade.
Axie Infinity recently announced that its Ronin blockchain was undergoing a massive overhaul, with the network switching to a delegated proof-of-stake consensus mechanism. The idea is to make the network more decentralized. This has boosted the price, as investors always like to see networks take this kind of step. As a result of the switch to DPoS, users can stake the RON token to earn passive income. The minimum amount is 250,000 RON.
At the same time, it also announced that it had partnered with more game development studios, which will introduce more games into the ecosystem. This is a benefit that will have more impact in the long run, as more games will strengthen user retention.
The positive technical and ecosystem developments are no doubt adding to the 11% increase in trading volume. Price predictions are always a finicky matter, but the AXS token price prediction looks optimistic in the near and medium-term.
Increased network activity suggests that there might be
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