AnalysisCryptocurrency news

This Altcoin Is Up 124,900 Percent In One Year: $200 Investment Has Become $250,000!

Investors participating in the AXS Binance Launchpad lottery have increased their earnings tremendously.

This Altcoin Is Up 124,900 Percent In One Year: $200 Investment Has Become $250,000!

AXS , the native token of the Axie Infinity platform , multiplied the earnings of AXS Binance Launchpad lottery holders with its enormous rally. The value of AXS, which was purchased at a cost of $ 200, is currently equivalent to $ 250,000.

AXS Owners Got Rich

Investors participating in the AXS Binance Launchpad lottery have increased their earnings tremendously. The current value of 2,000 Axie Infinity tokens, up from $ 200 in the Binance Launchpad lottery , has been registered as $250,000. This represents a growth of over 124,900% in one year.

Axie Infinity
Axie Infinity Price Chart

Recall that in October 2020, Binance announced that the Axie Infinity sale will be held on its Launchpad. NFT project Axie Infinity made its debut on Launchpad as the 17th project to be broadcast live on the platform.

The AXS sale was made using a lottery format and the amount was capped at 14,850. Binance has allocated 29,700,000 AXS to Launchpad, representing 11% of the total token supply . 2,000 units of AXS tokens were awarded for each draw, and each AXS was priced at $0.10.

While a move that cost investors $200 to skyrocket to $250,000 a year may have shocked many, it’s important to remember Axie Infinity’s impressive rise since January 2021. A recent report reported that the number of AXS active holders hit an all-time high with over 17,480 addresses.

The NFT Bracket

Besides the number of users, Axie Infinity is currently traded on major exchanges such as Coinbase Pro, Binance and KuCoin. NFT’s popularity has recently shifted to the gaming industry as well as sports and entertainment. Many online gaming platforms issue their native tokens and integrate them into their world. As of August 2021, the total value of the NFT market is recorded as 180 billion dollars. The increasing interest day by day puts the expectation that this market value will rise in a short time.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

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