Axie Infinity Declines in Activity and Plummets in a Day After Peaking By DailyCoin



Axie Infinity Declines in Activity and Plummets in a Day After Peaking

After the market crash, it seemed that (AXS) was beginning to recover. On the 27th of December, AXS reached $111.57, yet in 10 hours, it dropped back to $101.08.

October and December were successful months for the play-to-earn blockchain-based game, but now its future price is unclear, as Axie Infinity shows sale and activity volume loss.

The lower activity volume for the metaverse game might be due to an environmental catastrophe:

“The recent decline in daily activity of Axie Infinity may be related to the typhoon disaster in the Philippines. The Philippines is the largest user group of Axie games. Tens of millions of people have been affected by the typhoon, and the network has failed in some areas,”
blockchain journalist Colin Wu tweeted.

Wu also reported that Axie Infinity has been stagnant and fell at the level as it was in mid-July. A dip of 70% since the peak in the second quarter of 2021.

Axie Infinity Sentiment on Investors Observer is bearish.

On The Flipside

  • Axie Infinity has been considered as one of the most successful metaverse projects this year.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



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Axie Infinity Declines in Activity and Plummets in a Day After Peaking

After the market crash, it seemed that (AXS) was beginning to recover. On the 27th of December, AXS reached $111.57, yet in 10 hours, it dropped back to $101.08.

October and December were successful months for the play-to-earn blockchain-based game, but now its future price is unclear, as Axie Infinity shows sale and activity volume loss.

The lower activity volume for the metaverse game might be due to an environmental catastrophe:

“The recent decline in daily activity of Axie Infinity may be related to the typhoon disaster in the Philippines. The Philippines is the largest user group of Axie games. Tens of millions of people have been affected by the typhoon, and the network has failed in some areas,”
blockchain journalist Colin Wu tweeted.

Wu also reported that Axie Infinity has been stagnant and fell at the level as it was in mid-July. A dip of 70% since the peak in the second quarter of 2021.

Axie Infinity Sentiment on Investors Observer is bearish.

On The Flipside

  • Axie Infinity has been considered as one of the most successful metaverse projects this year.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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