The CEO of the world’s largest cryptocurrency exchange commended the Axie Infinity team for the way they handled the $625 billion Ronin hack, one of the biggest hacks in crypto history. The Axie Infinity team is triggering a new metaverse coin rise by releasing the “Origin” version for andorid users.
Axie Infinity on the way to recovery from recent crash
The latest correction felt across the market also hit Axie Infinity and the metaverse coin lost 15% overnight. With billions of dollars being wiped out from the cryptocurrency market, gamers believe that game-oriented projects like Axie Infinity and cryptocurrencies can return. This perseverance came from Binance CEO Changpeng Zhao in a support to the Axie Infinity team. CZ commends the Axie Infinity team’s efforts to combat the Ronin hack. During the collapse of UST and LUNA, the crypto community is showing interest in gaming and metaverse coins.
1. At #Binance we prioritize user protection. We made the decision to suspend LUNA and UST trading. Here's why.
A thread 👇
— CZ 🔶 Binance (@cz_binance) May 13, 2022
CEO of the world’s largest stock exchange, Terra in the ongoing IHR crisis He stated that he did not receive a positive response from his team. As Kriptokoin.com , we have discussed the details of the disclosures in this article. In part of his statements, CZ says that Axie Infinity handled the crisis appropriately. In that regard, he thinks the team behind Axie Infinity differs from Terra in terms of action and response to a crisis situation.
6. (This is in sharp contrast to Axie Infinity, where the team took accountability, had a plan, and were communicating with us proactively. And we helped.)
— CZ 🔶 Binance (@cz_binance) May 13, 2022
Analysts expect bullish for metaverse coin
P2Edaily analysts stated that despite the decline in the metaverse coin market, the price of Axie Infinity remained stable against Bitcoin. According to data from CoinMarketCap, some of the biggest projects in the metaverse coin market are as follows.
- Apecoin (APE)
- Decentraland (MANA)
- The Sandbox (SAND)
- Theta Network (THETA)
- Axie Infinity (AXS)
https://twitter.com/P2E_Daily/status/1523812502282194944
Twitter analysts like AltstreetBet , they take the opposite view and believe that Axie Infinity price could witness a decline and drop to the levels between $14 and $10, revealing the bearish outlook. At the time of writing, AXS is trading at $19.47, down 10% in the last 24 hours and down 30.76% since last week.
We saw that the popular metaverse coin reached an ATH price of $165.37 in November last year.
