Two emerging digital assets are on the rise after rallying over 300% in the last 30 days amid sideways trading action in the crypto markets.
One red-hot crypto asset as of late is blockchain-based trading and battling game Axie Infinity (AXS).
The game, which allows players to collect, breed, raise and trade creatures known as “Axies,” has surged from $4.10 on June 10th to its all-time high of $19.63 on July 10th, according to CoinGecko. The move represents a meteoric rise of over 378% in just 30 days.
Axie Infinity’s rally comes as the game soared to the top spot of the highest-grossing decentralized applications (DApps). In the last 30 days, the game generated $33.40 million in revenue, nearly three times the earnings posted by decentralized exchange PancakeSwap (CAKE), according to blockchain analytics platform Token Terminal.
Source: Token Terminal