The performance of Axie Infinity (AXS) in the current cycle of 2023 has been disappointing. The bulls failed to break through multiple attempts which ended up erasing all the profits made by investors during the last price surge. Additionally, the bears show their strength reclaiming resistance, further contributing to the down-the-drain movement.
Play to Earn and Axie Infinity
Axie Infinity was a game-changer in this space but its recent decline in value after reaching its peak in 2021 has…