Why has the price of wax gone up?

As a keen observer of the cryptocurrency market, I've noticed a significant surge in the price of WAX in recent weeks. Could you please elaborate on the factors that have contributed to this upward trajectory? Has there been any specific news or announcements from the WAX team that has sparked investor interest? Additionally, how has the overall market sentiment towards cryptocurrencies, especially those focused on gaming and digital collectibles, influenced the price movement of WAX? Understanding these dynamics would help investors make informed decisions in this rapidly evolving market.