Cryptocurrency Axie Infinity Falls More Than 6% In 24 hours

Axie Infinity's AXS/USD price has decreased 6.22% over the past 24 hours to $11.33. This is contrary to the coins performance over the past week where it has experienced an up-trend of 34.0%, moving from $8.33 to its current price.

The chart below compares the price movement and volatility for Axie Infinity over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Axie Infinity's trading volume has climbed 260.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 1.42%. This brings the circulating supply to 114.80 million, which makes up an estimated 42.52% of its max supply of 270.00 million. According to our data, the current market cap ranking for AXS is #41 at $1.29 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.