Axie Infinity AXS Token Surged 30% After Coinbase Pro Listing: Report

Axie Infinity AXS Token surged 30% after the recent Coinbase Pro listing as we are reading more in our latest altcoin news today.

The Axie Infinity AXS token surged 30% after the recent listing as it becomes the latest digital asset to be listed on the exchange which typically happens with similar developers. We saw its price jump nearly 30% in a matter of hours after the announcement. The leading US exchange outlined the latest set of coins to find a new place on the exchange of the trading platform on August 11^th. Aside from the aforementioned AXS, other tokens included TRU, REQ, and WLUNA so users are able to deposit all four coins now. The statement clarified that support for these will be available in the supporter jurisdictions with certain exceptions.

Furthermore, trading for all four will start on August 12^th but all liquidity requirements will have to be met and the order books will launch in three phases, limit-only, post-only, and full trading. Each token will be available for trading with a few trading pairs including against the dollar, Euro, BTC, and Tether. Listing on Coinbase Pro and Coinbase and typically the catalyst for the immediate price increase and the situation this time was not an exception. AXS token is behind the blockchain-based virtual game Axie Infinity which went live from the low of $59 to a high above $77. after the 30% surge, it calmed slightly and it is now standing above $66.

It found a place in the top 30 biggest digital assets with a market cap of over $4 billion. REquest REQ for example surged by 100% on a 24-hour scale and TrueFi increased by 60%.

As recently reported, The entire crypto market traded flat on July 2 with the approach of the fourth of July holiday weekend in the US. The trading volume coincided with a slight drop in the total crypto market cap by $5 billion to the current value of $1.378 trillion. Despite the struggles faced by the market as a whole, the data shows that there were some bullish developments in Axie Infinity and Waves thanks to the recent developments related to NFT. Axie Infinity is a blockchain-based trading and battling game that allows the players to collect, raise and trade token-based creatures known as Axie. Since hitting a new lof of $2.85, the price of BTC crashing below $30,000, the price of AXS surged 125% to a high of $6.40.

Source: https://www.dcforecasts.com/altcoin-news/axie-infinity-axs-token-surged-30-after-coinbase-pro-listing-report/