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Chukwuemeka Raphael
May 10, 2022
by Chukwuemeka Raphael

Axie Infinity is a Top Trending Metaverse Token

Axie Infinity
Axie Infinity is a blockchain battling game that can be traded and is partially owned by the players. AXS us the native token of the Axie Infinity platform. At the time of writing, it is trading at $27.01.

Irrespective of the present decline in the price of most cryptocurrencies due to the recent cryptocurrency winter market: AXS has remained relevant amongst other top Metaverse tokens for the following reasons:

  • It has a low volatility

  • It has a good APY

  • It has a minimum volume in circulation.

    • It has a low volatility

    One of the factors that are considered before investing in a Cryptocurrency asset is its recent volatility. This is very important to safeguard most of it in the Crypto downtrend. In the past 7 days, the price of Axie Infinity is down by 10.28% at the time of writing. This is least when compared to other top Metaverse tokens like Apecoin, The Sandbox, Decentraland, and THETA that is down by 40.08%, 14.77%, 24.37%, and 22.67% respectively.

    It has a good annual percent yield

    One of the top Metaverse tokens with up to 150% annual percentage yield (APY) for its stake investors is Axie Infinity (AXS). According to data available on Binance, the APY for Axie Infinity stake is up to 152.13%. This is high when compared to about 25% for The Sandbox and 3% for Decentraland. With this, it's holders can always recover some volume of their investment amount in Crypto winter from the returns received.

    It has a low volume in circulation

    The volume of circulation of a Cryptocurrency will determine its competitiveness in the market. Amongst the top five metaverse tokens in CoinMarketCap, Axie Infinity has the least volume of about 22.56% of its total supply in circulation. This is relatively low when compared to that of Apecoin that is 28.48% and The Sandbox which is 40.92%. The minimizing circulating volume also enables the token its recover. In the past 1 hour, according to CoinMarketCap, Axie Infinity, The Sandbox, and Decentraland has gained 4.7%, 2.72%, and 3.59% respectively.

    Conclusion

    Low volatility, minimal circulating volume, and returns on investment for Investors who stake could determine the ability of a crypto token to trend.

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    Axie Infinity is a Top Trending Metaverse Token
    Chukwuemeka Raphael
    Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

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