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The popular crypto game Axie Infinity is expected to distribute nearly 21.543 million tokens for early investors and advisors today.

The growth of the NFT market was exponential, with more investors than ever capitalizing on the trend of owning digital art, but it can be hard to find the best NFTs to invest in.

Despite being one of the metaverse projects that has brought in the highest returns to its early investors, Pokémon-inspired blockchain-based play-to-earn (P2E) metaverse game Axie Infinity (AXS) has been struggling in the last few weeks.

In this week's Altcoin Watch edition, we present three of the worst-performing tokens, giving investors a compass to guide their observation of trends in the crypto ecosystem over the last week.

Axie Infinity [AXS] was subject to increased attention from Ethereum [ETH] whales as it broke into the top ten purchased tokens. According to crypto whale tracker WhaleStats, the blockchain-based gaming token was able to make it among the top 500 ETH whales in the last 24 hours.

Crypto price today Oct 23th: the crypto trades feel again on edge as they approach November with a strong possibility for another interest hike of 75 bps. Thus, even the major cryptocurrencies witnessed casualties and lost more ground.

The Metaverse has introduced a new phase to cryptocurrencies worldwide, as most tokens with functional NFT marketplaces have taken to the virtual world to maximize their potential in NFT trade. Consequently, it's not surprising to find new coins adding Metaverse-enabled features to their protocols, improving the quality of their DeFi services.

Reports suggest that crypto gaming platform Axie Infinity might soon suffer a large influx of supply, potentially crashing its price. That's because 10 million AXS tokens which early investors and insiders own, will soon be unlocked, causing a massive influx of new tokens on the market.

AXS price dropped to a 16-month low level with the number of average monthly active players at 22-month lows

A top crypto trader is warning Ethereum (ETH)-based gaming altcoin Axie Infinity (AXS) holders of a possible crash.

One of the most well-known play-to-earn games, Axie Infinity, may soon experience massive sell pressure on its native token, AXS. Approximately 21.5 million tokens, or 8% of the entire supply, would become available after the vesting period concludes around 24 October, as stated by TokenUnlocks.

BeInCrypto takes a look at the five projects that dumped the most last week in the crypto market, more specifically, from Oct. 14 to Oct. 21. The post AXS, ETHW, LUNC, ENS and APT Spell Trouble After Losing Support appeared first on BeInCrypto.

The price of the native token of the blockchain-based game Axie Infinity has come under  high pressure over the past week. The post Axie Infinity price struggles as $189M worth of tokens are set to be unlocked appeared first on CryptoSlate.

Aleksander Larsen, the co-founder of the famous play-to-earn (P2E) gaming platform Axie Infinity, said that Sky Mavis, the software development company behind the project, would not sell its tokens (AXS), after the unlocking event on October 26.  Axie Infinity to Unlock More Tokens Soon While sharing the news on Twitter, Larsen noted that there is some misinformation on the internet regarding the AXS token as the company is planning to release an additional 21,543,000 AXS worth around $233 million in the market.

Crypto price today Oct 21st: In correlation with the global market, the crypto space witnessed intense selling pressure in the last few days. Thus sudden sell-off plummets the majority of crypto coins to their crucial support.

The price of Axie Infinity Shards (AXS), the primary token of Axie Infinity, has declined sharply ahead of a high-profile token unlocking. The post Axie Infinity Shards price drops sharply ahead of early investor token unlock appeared first on The Block.

Investors should be picking out the best cryptos to sell from their portfolios as the market starts to slim down.

Axie Infinity price analysis shows a slight downward trend in current market conditions. The crypto is trading at $10.10, at the time of writing.

Popular gaming and NFT-centric cryptocurrencies, including Axie Infinity, have been battered amid the ongoing bear market.

Axie Infinity price has been in a strong sell-off this year as demand for its ecosystem wanes. The AXS token crashed to a low of $9.98

Investors appear to be losing interest in Metaverse-related tokens as only one among the top 10 crypto assets in the niche has recorded a positive performance in the last 30 days. The post Top 10 metaverse tokens tank as interest wanes appeared first on CryptoSlate.

Crypto winter has also hit the popular blockchain-based online video game sector in recent months. On one hand, the user numbers of the most popular platform, Axie Infinity (AXS), have dropped massively.

 The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Open Interest was relatively flat as the price made another lower low Crucial resistance zone at $11.5-$11.75 for bulls to flip to support Axie Infinity announced the release of their newest game, Raylights.

One thing you should consider when you purchase a cryptocurrency is whether or not their views align with yours. More often than not, your views are common and sought worldwide, meaning the crypto you purchase will also be popular.