Axs Coin has the potential to reach new highs in the current or upcoming bull run, but several factors will influence this outcome:

1. Gaming and Crypto Trends: The broader popularity of play-to-earn (P2E) games like Axie Infinity and the rise of blockchain gaming as a whole can fuel demand for Axs Coin. If P2E games continue gaining traction and attracting more players, especially if Axie Infinity introduces exciting updates, this demand could drive AXS prices upward.

2. Market Sentiment: Cryptocurrencies often respond to broader market trends. If Bitcoin and other major cryptos see significant gains, it could create a ripple effect, benefiting tokens like AXS. A strong bull run in the crypto market usually draws new investors into smaller assets, increasing liquidity and demand.

3. Axie Infinity’s Updates and Developments: Sky Mavis, the developer behind Axie Infinity, continues to improve the game, including scaling solutions (like the Ronin sidechain) and gameplay updates. Enhancements that make the game more engaging and accessible can lead to more adoption and in turn raise AXS demand. If new features or partnerships attract a larger player base, it could push Axs Coin to new highs.

4. Global P2E Expansion: If more users, particularly in emerging markets, find P2E games to be a viable income source, this could attract new players to Axie Infinity, strengthening AXS demand. Strong adoption in regions where P2E gaming is becoming a trend could play a crucial role.

5. DeFi and Staking Incentives: Staking rewards and other DeFi utilities tied to Axs Coin can attract investors looking for returns within the ecosystem, potentially reducing the circulating supply and contributing to price appreciation.

6. Macroeconomic Factors: If there’s increased interest in risk-on assets due to favorable economic conditions, it could boost interest in crypto as a whole. The inverse can also be true, so global economic stability may impact Axs Coin’s performance.