The crypto industry is gradually earning the trust of major tech players to spearhead the global adoption of digital assets. In a significant development, Axie Infinity, a popular play-to-earn project, has received approval from the tech giant Apple to list the Axie game on the AppStore.
Starting from today, gamers can enjoy the Origins card game of Axie Infinity right from the Apple devices. The exciting news was confirmed on May 17th, marking a significant milestone for fans of the popular game.
In a stunning turn of events, the native token of Axie Infinity, AXS, experienced an incredible surge of over 20% within just one hour, reaching an impressive peak of $8.1. This remarkable achievement, as reported by CoinGecko, marks the highest point in the past 20 days for AXS.
The news has sparked a renewed sense of optimism among AXS investors, who have been grappling with a sideways trend for the past six days. Presently, the bullish sentiment has successfully maintained the altcoin’s price above the $7.0 mark, with the current trading price sitting at $7.44, reflecting an overnight gain of 9.3%.
The positive announcement has ignited a wave of enthusiastic buying among investors, leading to a significant surge in trading volume, which has exceeded a staggering $200 million in the past 24 hours. The impressive volume bar observed today signifies the substantial amount of buying activity witnessed in the past 35 days, bringing the AXS price closer to the 50-day simple moving average.
Based on the data from Coinalyze, there has been a remarkable surge of approximately 89% in open interest (OI) within the past 24 hours, reaching a substantial value of $61 million. This surge in OI indicates a significant influx of funds into the market, which can potentially contribute to the long-term sustainability of AXS’s higher price levels.
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