Axie Infinity (AXS) rallies 80% following migration to Ronin sidechain

AXS and SLP price surged following the project’s successful migration to the Ronin sidechain on the Ethereum network.Nonfungible tokens were one of the hottest sectors of the cryptocurrency market from the start of the year until March but as is the nature of the crypto sector, NFTs cooled off significantly in April .

According to data from Cointelegraph Markets Pro, market conditions for AXS have been favorable for some time. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

Now that the Axie Infinity ecosystem has transitioned to a lower fee environment and the number of daily active users continues to grow, AXS and SLP are two NFT tokens that may continue to rally higher, especially as blockchain gaming becomes a mainstream form of entertainment.

Reference :

https://cointelegraph.com/news/axie-infinity-axs-rallies-80-following-migration-to-ronin-sidechain

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Author: Priyanka

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