$GALA
Axie Infinity (AXS) and GALA Join the Rally
The native token of Sky Mavis’s blockchain-based game, Axie Infinity, AXS, gained 42% in value over the past week. Currently trading at $8.13, AXS increased its daily trading volume by 28% to $1.02 billion. Technical charts suggest that AXS might reach price targets of $28, $45, and $69. Analyst Vinci | DEEK noted this trend, stating, “$AXS is forming a double bottom, with targets set at $28, $45, and $69.”
Gala (GALA) also experienced strong gains last week, paralleling other Metaverse tokens. Investors believe that the GameFi sector holds significant growth potential in the coming period, with analysts affirming that technical indicators support this optimism.
The activity in GameFi and Metaverse sectors has fostered increased confidence in the industry. Market data and heightened trader interest highlight the future potential of these projects.