Axie Infinity Prediction for Today, November 13: AXS/USD Bear Market Still Having the Upper Hand
Initially, the forces of demand and supply were evenly matched. But when the bulls market made a strong move, the bears market responded with a […]
Axie Infinity Prediction for Today, November 13: AXS/USD Bear Market Still Having the Upper Hand
Initially, the forces of demand and supply were evenly matched. But when the bulls market made a strong move, the bears market responded with a […]
Axie Infinity Price Analysis for 3rd of September: AXS/USD’s Bullish Market Recovers To Hit 21 Day MA
Strong bullish activities in today’s AXS/USD market have brought the price up from the downside to hit the 21-day moving average. After the price consolidation […]
As Virtual Real Estate Gets Pricey Terrazero Technologies Provides Metaverse Mortgages
While the metaverse has become very popular, virtual land sales have seen significant demand in recent times. Virtual real estate has become expensive, in comparison to the prices 12 months ago, and virtual parcels stemming from a couple of blockchain metaverse projects have sold for seven figures. With virtual real estate getting extremely pricey, one […]
Play-to-Earn Blockchain Game Axie Infinity Surpasses $4 Billion in All-Time NFT Sales
This week, Axie Infinity, the blockchain-based online video game crafted by the Vietnamese software studio Sky Mavis, surpassed $4 billion in all-time non-fungible token (NFT) sales. Currently, the play-to-earn (P2E) game launched in 2018 is the third-largest NFT platform in terms of all-time sales. The Sky Mavis Crafted Blockchain Game Axie Infinity Records More Than […]
Farmville Creator Zynga to Launch NFT Games, Says Gaming Firm’s Blockchain Lead
American social game developer Zynga has plans to launch non-fungible token (NFT) games in the near future. Zynga’s vice president of blockchain, Matt Wolf, told the press that the company is looking at the cycle right now and “figuring out where we want to jump in.” Farmville and Words With Friends Game Developer Zynga Details […]
NFTs Backlash: Crypto Enthusiasts Meet Angry Gamers
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Report: Ronin Sidechain Processed 560% More Total Transactions Than Ethereum Last November
The blockchain-powered game Axie Infinity has been a very popular application during the last 12 months, as the game’s NFTs have outpaced every NFT collection today in terms of all-time sales. While Axie Infinity has seen $3.85 billion in all-time sales, Nansen researcher Martin Lee recently published a report on how Ronin, Axie Infinity’s sidechain, […]
Those 3 Cryptocurrencies Crashed FASTER than Bitcoin during the Crypto Crash!
Bitcoin has seen a massive drop in value in the past few days, falling from $ 46,000 to below $ 42,000. As always, Altcoins suffer a lot during Bitcoin slumps. This is due to the fact that Altcoins are very volatile, and react faster to market trends. Additionally, Bitcoin still has a dominance of 40% over the cryptocurrency market. So it is very normal to see Altcoins moving in tandem with Bitcoin, which is considered more mature in the crypto space. Let’s talk about 3 cryptocurrencies that lost a lot during the crypto crash.
Crypto Crash #1: CRV (-32%)
Curve is a DEX for stablecoins, operating in an AMM environment. Its token CRV almost doubled within the last month, with a price growing from USD 3.3 all the way to USD 6.5. This huge price jump was bound for a correction lower as part of a price breather. On the other hand, the crypto market crash made the correction more severe, making CRV lose even more in this past week, specifically -32%.
#2: GALA (-31%)
The GALA token soared very high when the cryptocurrency market increased in market cap. GALA was among the top gainers, making a whooping 900% within 2 weeks back in November 2021. However, ever since reaching a high price of USD 0.8, prices of GALA have been on a decline to reach a current price of USD 0.3.
Analysts are looking at GALA’s decline and attributing it to also two factors: a much-needed price breather, and an extension of the recent crypto crash. Today, prices reached the 50% Fibonacci retracement level and we might see a reversal.
#3: AXS (-26%)
With profits of over 12,000% in 2021, Axie Infinity has been an extremely rewarding investment over the past 12 months. On the other hand, things look different this past week. Anyone who bought AXS these past 7 days is deeply in the red because the token AXS lost around 27%. This makes AXS the cryptocurrency with the strongest losses for this past week.
You can purchase the cryptocurrencies mentioned above on the Binance , Coinbase , Kraken and Bitfinex crypto exchanges.
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Netgear’s Digital Art Frames Will Support NFTs, Owners Can Connect Metamask to Meural Platform
At the Consumer Electronics Show (CES) in Las Vegas, multinational computer networking company Netgear, based in San Jose, California, showcased the company’s Meural digital art frames. According to an announcement, Netgear has added non-fungible token (NFT) tech support, and the Metamask Web3 wallet will be able to sync with the product. Netgear Adds NFT Support […]