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Will Axie Infinity’s fundamental demand aid its stride to the top on its price chart
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The year 2021 has been quite phenomenal for Axie Infinity. On 1 January, this gaming token was merely valued at half a dollar. Fast forward to December, AXS has appreciated by more than 250 times.
The initial few days of every month have been quite intriguing for Axie of late. For instance, on 4 September it hit a new high of $94.67 and on 4 October it peaked at $155.27. In fact, even on 6 November, this token created a new ATH of $166.09.
December has, however, been quite different. AXS registered 7 straight red candles in the first week, accounting for a dip as deep as 30%. Nonetheless, the past two days have seen the token bounce back to a fair extent. At press time, AXS was seen trading 15% higher when compared to its 6 December lows.
To
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