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Selling pressure is tapering off and could offer entry positions for long trades  Axie Infinity has witnessed a substantial decline in network growth and social activity.

The Axie Infinity (AXS) price has broken down from the long-term $9.50 support area. This could be the catalyst for a decrease towards $3.40.

The metaverse is undoubtedly the future. Or so it seems, with Bloomberg predicting that the metaverse may one day be worth $800 billion. When well-respected names like Bloomberg start making these statements, you know it's time to sit up and listen.

Here are 7 cryptos to avoid as the crypto winter drags on. Invest in big-name projects with identifiable utility and avoid these names.

Axie Infinity (AXS) finally managed to break away from its downward momentum that's been going on for the last six months. According to latest data from Coingecko, the crypto asset peaked at $11.29 today before entering a minor price correction that made it decline by more than 7% over a 24-hour period.

Axie Infinity price prediction remains bullish, especially above the $10.15 level, extended by a 61.8% Fibonacci retracement.

 AXS's price needs to rally high as the price continues to stall in its price movement despite the market looking green across boards.   AXS's price continues to trend below key support as the price tries to build more strength to overcome this area of resistance that has held the price from rallying.

With the recent price jump in Axie Infinity coin, the buyers breached a six-month-long resistance trendline. Therefore, if the prices show sustainability above the breached trendline, it would indicate the market sentiment has shifted from selling on rallies to buying on dips; should you enter now?

Sky Mavis, is onboarding more game studios to build the next generation of Web 3.0 games on the Ronin Network.

The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Some crypto coins have ended October with a loud bang, so many crypto holders see their portfolios slowly recovering after this long crypto winter. For some optimists, the market appears to enter a new bullish phase, which could erase all the losses from the previous months.

In the ever-changing crypto space, every project must prove itself to make it to the top.

Despite the huge potential and market cap of Axie Infinity, the popular play-to-earn (P2E) cryptocurrency, investors have witnessed a decline in growth with the ongoing AXS price correction since its all time high reached in late 2021.

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Crypto price today Oct 30th: Since last week, the crypto market has witnessed significant improvement and pushed the major cryptocurrencies to higher ground. Furthermore, the meme coins like DOGE and SHIB were the stars of this rally, and it seems the bullish sentiment has found its way to Metacoins.

 The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The flag pattern, although bullish, was not ideal AXS saw some developments in the futures market which indicated speculators had a more bearish stance The crypto markets saw a sharp bullish move over the past

Metaverse gaming is tipped to be the next big trend in the industry, and titles like Axie Infinity have already shown that titles within this sector can quickly ascend to stardom.

In preparation for Halloween, Axie Infinity has announced a patch update for ‘Axie Infinity: Origins'.

Axie Infinity began releasing previously restricted AXS tokens to early investors and insiders as a part of a $200 million unlocking event. Axie Infinity (AXS/USD) is one of the most popular play-to-earn (P2E) crypto games. The game features its own cryptocurrency, known as AXS, that is listed across exchanges.

Axie Infinity [AXS] was an unexpected “table-topper” as LunarCrush reported it to be the most socially active token as of 25 October. According to the social intelligence platform, AXS was the first out of 3,953 coins in the crypto market.

The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Axie Infinity (AXS) token is down 21.6% in the past week, and 34.3% in the past month marking a difficult period for the token. The post 3 Reasons Why Axie Infinity (AXS) Price Is Tanking appeared first on BeInCrypto.

Axie Infinity (AXS) is the leading play-to-earn ecosystem in the crypto space and has continued to maintain this title since its release. Its native cryptocurrency, AXS, has seen its price take a hit in the market since the bear market began alongside other digital assets in the space.

Active users are not the only way to measure the success of a blockchain game, according to the co-founder of Animoca Brands, as he explains why user metrics are falling. The post Animoca Brands: There's More Than One Way to Measure Success appeared first on BeInCrypto.