Are AXS, ENJ, ALICE’s performances proof that ‘gaming summer’ is coming?

Until a few months back, Axie Infinity was just another random token that existed in the market. Fast-forward to July 2021, and this token has already made a place for itself among the top 50 cryptos. In fact, it now boasts a market cap of over $2.56 billion.

Launched in November 2020, this token has appreciated by more than 33,000% so far. AXS is definitely among the exceptions that pulled through the scars of May’s flash crash. What’s more, the token hit its $46 ATH on 28 July, with the alt consolidating around the same range since.

Notably, other gaming tokens in the space have seen massive rallies too over the past week. Take MyNeighborAlice (ALICE), the sixth-largest token in the sphere, for starters. This multi-player gaming token registered a massive uptick of 120% in the last 7 days alone. With a market cap of over $300 million, ALICE was valued at $14.12 at press time.

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