Why Axie Infinity and Solana prices are rising and what developments you can expect – BTC Direct

You’ve probably noticed, but prices have been going up for a few days now. Not only bitcoin, but also altcoins show beautiful things. In this article we review Axie Infinity and Solana.

Ax Infinite +45%

In the last seven days, AXS, the Axie Infinity coin, is up around 50%. You can also see this in the graph below. The price of the AXS was worth less than 45 euros earlier this week and is now over 66 euros.

Axie Infinity is the first successful game that shows the potential of Play 2 Earn. After all, you can earn AXS by playing. Also this year, the video game will continue to be in the spotlight, as a major update has been announced.

The main development is the upcoming release of Axie Infinity: Origin, which is expected to take place in the coming weeks.

The Axie Infinity marketing team calls Origin a “completely revamped version of the popular Axie Battles game everyone knows.”

Origin will bring new gameplay mechanics designed to enhance the player experience, such as free starting Axies to bring new players into the game, a reworked story that adds depth to the player experience, and the addition of active cards for eyes and ears (think of the Munchkin game, but with extra body parts).

The update also introduces new items to the game, such as runes and charms, which will act as power-ups for Axies and require players to use the platform’s native token to burn.

Sunshine 20%

The Solana price has risen 5% in the last 24 hours and 20% in the last seven days. At the beginning of this period, Solana was available for 77.50 euros, but now its value has risen to 93.77 euros.

There are some great developments for Solana and its ecosystem. Let’s start with what is of interest to institutional investors in particular.

Asset manager Grayscale launched an altcoin fund that is 24% Solana this week. Additionally, Grayscale also started a smaller fund, but 100% Solana.

There are also developments in the DeFi area. Orca, the decentralized exchange on Solana, has announced Whirlpools, a new feature still in beta that allows traders to pool liquidity into pools and achieve higher financial returns.

Like Axie Infinity, Solana takes advantage of online gaming. Krafton, publisher of the popular battle royale game PUBG, has announced a partnership with Solana Labs to develop blockchain games on Solana.

Additionally, Web3 gaming startup Block Tackle shared Tuesday that it is developing a Solana NFT skateboard game.

Starting today, you can also donate Solana to The Giving Block. This is a cryptocurrency non-profit organization that ensures that more than 1400 charities can also receive cryptocurrency. For example, if you want to help refugees from Ukraine or commit to education, animal welfare or environmental protection, you can do so by donating SOL.

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In addition to Axie and Solana, there are also developments in other altcoins that are interesting to follow. We previously wrote about Zcash, which is getting a major update in April. Not to mention Ethereum, the entire crypto world (including critics) is eagerly awaiting the merger.

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