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

by Mike Robinson

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The Activity of Axie Infinity drops and plummets within a day after peaking

It seemed like (AXS), after the crash in markets, was starting to rebound. AXS dropped to $101.08 on December 27th after reaching $111.57.

Although October and December proved to be successful months in the play-to–earn game based on blockchain technology, it is now uncertain what its future prices will look like as Axie Infinity has sold and seen activity volume decline.

A possible environmental catastrophe could be responsible for the reduced activity in the metaverse game.

“The recent decline in daily activity of Axie Infinity may be related to the typhoon disaster in the Philippines. The Philippines is home to the most Axie gamers. 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 said that Axie Infinity had been stagnant since mid-July and has fallen to the same level. An increase of 70% over the level in mid-July 2021.

Axie Infinity Sentiment is Bearish on Investors Observer

Flipside

  • AxieInfinity is now available consideredOne of the most popular metaverse projects for this year.

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