Vietnamese cryptocurrency hits $9 bln market cap

By Dat Nguyen   October 5, 2021 | 10:01 am GMT+7
Vietnamese cryptocurrency hits $9 bln market cap
A screenshot of the game Axie Infinity. Photo courtesy of Sky Mavis
Vietnamese cryptocurrency Axie Infinity has reached a new market cap peak of over $9.17 billion, a nine-time surge in two months.

An AXS coin is now priced at $149.57, rising 75 percent in the last four days, according to cryptocurrency database CoinMarketCap.

AXS now ranks as the 20th biggest cryptocurrencies in the world.

Its market cap reached $1 billion for the first time in July.

Axie Infinitys market cap. Photo courtesy of CoinMarketCap

Axie Infinity's market cap. Photo courtesy of CoinMarketCap

Axie Infinity (AXS) is a blockchain-based game in which players buy non-fungible tokens of monsters and then battle them against each other. AXS is a native token and it costs four of them to "breed" a monster.

The project was developed by Sky Mavis, founded in 2017 by Nguyen Thanh Trung, 29.

 
 
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