The drop in user activity and reducing NFT sales could have negatively impacted Axie Infinity's a pseudonymous cryptocurrency analyst, has evaluated the Axie Infinity price trend. The play-to-earn metaverse tokens price has plunged 5% in the past 24 hours. The wallet recently added the feature of purchase through debit card. This is a drop of more than 70% from Axie Infinity's peak in user activity.Īxie Infinity utility and demand could increase with the purchase of in-game tokens and NFTs by US based users through the Ronin wallet. Sales volume of Axie Infinity NFTs on the application Ronin chain has fallen back to low levels, and daily active addresses are lower than 300,000. Colin Wu, a Chinese journalist, noted that the daily transaction volume of the play-to-earn game has tumbled. Axie Infinity price fails to recover from dropĭata from the blockchain analytics platform Nansen reveals that the daily transaction volume of Axie Infinity has dropped to mid-July 2021 levels.

Analysts have predicted a test for Axie Infinity price. Analysts have predicted a big test for Axie Infinity price trend at $104.27 the token could plunge further if it fails.Īxie Infinity, the play-to-earn gaming token, has suffered a drop in price after the daily active number of users of the game plunged.Axie Infinity users in the US can now buy Smooth Love Potion on the Ronin wallet using their debit card.

Axie Infinity price plunged to $102, posting a 5% loss as the sale volume of Axie NFTs and daily active addresses dropped.

According to data from Nansen, the daily transaction volume of Axie Infinity has dropped back to mid-July levels.

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