Axie Infinity (AXS) is a name that needs no introduction at this point, as it has become one of the most hotly discussed blockchain gaming-related projects.

A former pioneer in the play-to-earn movement, AXS experienced a massive growth surge in 2021—but where does it stand now? If you’re wondering whether AXS is still a good investment and what its price is today, here’s what you need to know.

What is the Current Price of Axie Infinity (AXS)?

Today, Axie Infinity (AXS) has a price of around $2.37. Price has given moderate gains over the last 24 hours to a figure somewhere between 9–10%, depending on the exchange.

Here’s a round-up from top sources:

• CoinMarketCap: $2.36 (24-hour increase: +10.5%)

• Coinbase: $2.35 (24-hour increase: +9%)

• Binance: $2.37 (intraday high)

The 24-hour price range is $2.12 to $2.37, and trading volume exceeds $28 million, while circulating supply approaches 165 million AXS tokens.

How Does This Compare With Its Past?

Axie Infinity hit its all-time high of $165.90 in November 2021, as hype surrounding NFT gaming reached fever pitch. Today’s price of $2.37 is over 98% below that, illustrating the extreme volatility that is inherent within the crypto gaming sector.

Meanwhile, the current price is still up over 1,800% from its December 2020 all-time low of around $0.12, indicating the project still has some long-term value for believers in its ecosystem despite the falls.

What Is AXS Used For?

AXS is not just a token. It is a key element of the Axie Infinity ecosystem, consisting of:

• Staking: It provides the ability to acquire passive rewards by staking tokens.

• Governance: Holders have a right to vote on new adjustments and development choices in the future.

• Marketplace Utility: Purchase and sell Axies, land, and in-game items through the use of AXS.

With such utilities, AXS caters to both the financial and gameplay sides of the game.

Do You Need to Worry About the Price Right Now?

With the current value of AXS, you can consider an entry if you want to invest in the future of blockchain gaming. But the token is still extremely volatile, and its fortunes are closely linked to the overall success of the wider Web3 gaming space.

Final Thoughts

So, what is Axie Infinity worth? Today, it’s around $2.35–$2.40, still showing interest from the market. As a fraction of its record high, it is a pale shadow of its former self, but it has some potential—especially if the Axie ecosystem experiences another surge of growth or innovation.

As always, do your homework before buying, and remember that in the world of cryptocurrencies, today’s loser can be tomorrow’s winner—or simply an instrument of speculation used by day traders who don’t alter the long-term value of anything.