DeFI News by Thebittimes.Com

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. The Axie Infinity price has increased by 4% in the past 24 hours, rising up $8.99. However, with its active users remaining comparatively low and the wider cryptocurrency market still stagnant, its price has also fallen by 20% in a week and by 30% in a month. This time last year AXS was riding high, with the altcoin reaching an all-time record of $164.90 on November 6. Since then, it has suffered a steady long-term decline, with its daily active users dropping from 2.7 million in mid-November to 250,000 by early August of this year. Fortunately, traders looking for new play-to-earn gaming platforms to invest in do not have to look too far, with Calvaria: Duels of Eternity recently launching its presale. This title aims to succeed where Axie Infinity has failed, with the game also supporting a free-to-play version that requi...

The XRP price has fallen by 7% in the past 24 hours, dropping to $0.452427 amid a generalized fall in the wider cryptocurrency market. Its current price means that it has also declined by 8% in the past week, yet the altcoin remains 26% up in the last 30 days, as investors increasingly come to expect a positive end to Ripple's legal battle with the SEC. Given that XRP is still 86% down from its 2018 ATH of $3.40, and given that it failed to set a new ATH in the 2020-21 bull market (because of the legal case), there's a very strong chance that its price will rocket once its tussle with the SEC is resolved. Of course, the precise extent of a surge will depend on the state of the global economy, which continues to deppress investor sentiment with its combination of high inflation, rising rates and low (or declining) growth. XRP Price Prediction With the market as a whole down by 4% today, the XRP price has seen above-average losses, largely because it had enjo...