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Why ApeCoin, Axie Infinity, and NEAR Protocol Popped This Week

Why ApeCoin, Axie Infinity, and NEAR Protocol Popped This Week

Earnings season has helped that, but a big part of the move is driven by slowing inflation and speculation that the Federal Reserve is nearing the end of its interest rate hikes. As I'm writing at noon ET on Friday, ApeCoin (CRYPTO: APE) is up 16.5% since last Friday's close. Axie Infinity (CRYPTO: AXS) jumped a whipping 24.1%, and NEAR Protocol (CRYPTO: NEAR) is up 5.5%.