Axie announces the introduction of bAXS, with AXS, RONIN, and SLP leading the altcoin market rally

BlockBeats News, January 18, Axie Infinity announced the introduction of a non-tradable token bAXS, which is directly bound to user accounts and backed 1:1 by AXS, in order to reduce inflationary rewards for real players. In addition, SLP rewards in Axie Infinity Origins have also been adjusted recently to reduce inflation. According to market data from a certain exchange, as a result, some tokens in the blockchain gaming and metaverse sectors led the gains in the altcoin market today. The top performing altcoins include:

AXS is currently priced at $2.06, up 52.2% in 24 hours;

STO is currently priced at $0.116, up 50.9% in 24 hours;

BERA is currently priced at $1.04, up 41% in 24 hours;

RARE is currently priced at $0.0303, up 28.9% in 24 hours;

RONIN is currently priced at $0.184, up 16.2% in 24 hours;

SAND is currently priced at $0.1504, up 15.6% in 24 hours;

SLP is currently priced at $0.000993, up 13.2% in 24 hours;

The overall crypto market remained range-bound today. Bitcoin is currently priced at $94,920, Ethereum at $3,301, and the total crypto market capitalization is reported at $3.305 trillions, down 0.3% in 24 hours.