Experts advise diversification when investing to mitigate risk, as many assets like cryptocurrency are volatile and different projects can fluctuate in value drastically.
The recent bearish conditions have tanked some cryptocurrencies while others are gaining room to flourish. Here we look at why Axie Infinity (AXS) is struggling to come back as Orbeon Protocol (ORBN) expects a 6000% rise in presale.
Axie Infinity (AXS) is still suffering losses
In comparison to some of the other top cryptocurrencies, Axie Infinity (AXS) has suffered huge losses as of October 24, losing 22% of its value. From $1.13 billion, the market capitalization has decreased to $890 million.
According to the company’s whitepaper, 2.16 million of the 21.543 million Axie Infinity (AXS) tokens will be distributed to Axie Infinity’s private investors. According to the COO of Axie Infinity, “Sky Mavis will not be selling a single token” of the…
