After the market crash, it seemed that Axie Infinity (AXS) was beginning to recover. On the 27th of December, AXS reached $111.57, yet in 10 hours, it dropped back to $101.08.
October and December were successful months for the play-to-earn blockchain-based game, but now its future price is unclear, as Axie Infinity shows sale and activity volume loss.
The lower activity volume for the metaverse game might be due to an environmental catastrophe:
“The recent decline in daily activity of Axie Infinity may be related to the typhoon disaster in the Philippines. The Philippines is the largest user group of Axie games. 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 also reported that Axie Infinity has been stagnant and fell at the level as it was in mid-July. A dip of 70% since the peak in the second quarter of 2021.
Axie Infinity Sentiment on Investors Observer is bearish.
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