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An incredible 50% decline in OKB in early morning trading hours appears to have spooked investors in these tokens.

As the crypto market marks another bearish week, the buyers are desperate for a reversal to avoid another crash. Amidst all this ruckus, the gaming tokens are slowly preparing for a trend reversal with a bounce back next week.

Most altcoins have enjoyed a positive run in the past few days, while the world's largest cryptocurrency, Bitcoin, has somewhat struggled following the approval of spot Bitcoin ETF trading in the US. Specifically, Ethereum has been the cream of the crop, with a substantial 13% price surge in the past week.

DeFiance Capital CEO Arthur Cheong says he's watching three altcoins that he believes are fulfilling crypto's strongest narratives. In a new interview with the When Shift Happens YouTube channel, Cheong says that crypto and blockchain technology are primed to fulfill the needs that the fintech industry once catered to.

Axie Infinity, the play-to-earn monster battling game developed by Sky Mavis, is currently undergoing significant adjustments to its ecosystem, particularly focusing on its reward token, Smooth Love Potion (SLP).

Immutable, The Sandbox, Axie Infinity, and Gala tokens dropped 8-15%, facing deeper losses after Bitcoin's dip.

In 2023, the cryptocurrency market was dominated by three key narratives. These included artificial intelligence (AI), GameFi, and meme coins.

Axie Infinity experienced significant growth in 2023, enhancing user engagement and financial performance with key developments like Axie Core and Axie Evolution, leading in NFTs and blockchain gaming.

Top Altcoin: As the cryptocurrency market prolongs its ongoing correction trend, the Top altcoins like MINA, Ordinals(ORDI), and Axie Infinity(AXS) can provide suitable dip opportunities as the overall market trend remains bullish. In the last 24 hours, the top two leading cryptocurrencies Bitcoin and Ethereum show a decline of 1.46% and 1.41%, trading at $42080

Sky Mavis, the blockchain-based video game development studio behind Axie Infinity (CRYPTO: AXS), one of the most popular crypto games in the world, has been making significant strides under the guidance of Jeffrey Zirlin, the co-founder and Growth Lead at the company. Zirlin recently shared insights into the company's milestones, challenges and the exciting trajectory ahead.

KAVA, Near Protocol (NEAR), Avalanche (AVAX), Axie Infinity (AXS), and Stellar (XLM) are all altcoins that have interesting developments lined up in January, which could positively affect their price.

In the dynamic realm of cryptocurrencies, Axie Infinity's AXS token has embarked on a remarkable ascent, witnessing an impressive surge of over 35% in the past 24 hours and currently trading at $9.26. This rally catapults AXS to the forefront of gaming cryptocurrencies, boasting a market capitalization of $1.4 billion and a circulating supply of 132 million coins.

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices trading below the key $43,000 level on Tuesday. Ethereum (CRYPTO: ETH) also moved lower, trading below the key $2,300 mark this morning.

Top Altcoins: Amid the Santa Claus Rally sentiment, the crypto market has taken a bullish turn since last week. While the top two leading cryptocurrencies Bitcoin and Ethereum have 5-9% weekly, several altcoins have witnessed a buying inflow.

Axie Infinity is among the top gainers on Christmas Day, climbing by 21% today and 51% over the past week. This significant increase positions Axie Infinity as the second-highest gainer in the crypto market today, just behind ORDI.

Unexpectedly, gamefi tokens such as Axie Infinity are experiencing a significant surge today, following the AXS price breaking through its multi-month resistance level. As the market shows signs of recovery and Bitcoin aims for a breakthrough above $45,000, the AXS price is gathering momentum to trade parallelly with Bitcoin.

While most of the top cryptocurrencies are experiencing a fall, popular gaming cryptos have been surging. Decentraland (MANA), The Sandbox (SAND), Axie Infinity (AXS), Beam (BEAM), and Vulcan Forged PYR (PYR) have locked in significant profits today.

The Axie Infinity (AXS) price has increased by 160% this year and reached a new yearly high of $11.05 today.

The crypto industry has displayed significant volatility in recent days as the market has recorded constant jumps and corrections in value. Further, the top coins continue to hover close to their important levels, indicating a reduced bullish sentiment in the crypto space. The AXS price traded in a consolidated range between $5.74 and $6.

In a change of pace for Axie Infinity, The Garuda Shrine Shop has officially opened its doors, offering players a unique opportunity to redeem their Fortune Slips for an array of exciting prizes.

Sky Mavis and Foonie Magus partner to bring new video game to Ronin blockchain with mobile version expected next year.

Gaming coins are the ones that combine crypto and video games wherein many of the online games use a cryptocurrency as the in-game currency. The past week saw significant gains reported by cryptocurrency tokens linked to Web3 gaming projects.

In the past week, cryptocurrency tokens linked to web3 gaming projects have seen substantial increases in value.

Video game tokens including AXS, RON, and ILV had a strong week, plus ApeCoin hit a three-month high over the weekend.