Binance CEO Changpeng Zhao (CZ) recently congratulated the Axie Infinity project team for their effort to save the project from the Ronin network hack.
While Axie Infinity (AXS) healed the wounds of surviving this event, it did not manage to recover from the sharp fall in the crypto markets, but re-wrapped its wounds and recorded a 15% increase.
According to analysts Axie Infinity (AXS) Despite losing value against the US Dollar, it managed to maintain its value against Bitcoin. After successfully defending the attack, the team released “Origin” on Android for users, increasing the sense of elevation.
Axie Infinity On The Road To Survive Collapse
The latest correction across the crypto markets AXS pricealso negatively impacted the game token, depreciating 15% in just one night. While billions of dollars of value were wiped out during the correction, the parties believe that game tokens such as Axie Infinity will recover.
Binance CEO Changpeng Zhao applauded the Axie Infinity team’s efforts to combat the Ronin bridge hack. In light of recent events such as the collapse of UST and LUNA running to zero, the crypto community has turned to gaming and metaverse tokens.
1. Horse #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
The CEO added that there has been no positive response from the Terra team in the ongoing IHR crisis. The team behind Axie Infinity acted quite differently from Terra in terms of action and response to a crisis situation. CZ believes Axie Infinity has handled the crisis appropriately.
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 at @P2Edaily noted that the price of AXS remained stable against Bitcoin, despite the metaverse token losing value against the USD.
$AXS dipped in USD value but held the level firmly against $BTC. pic.twitter.com/68eKn32aFR
— AAG Founder 🎯 l WILL NEVER DM YOU 1ST (@P2E_Daily) May 9, 2022
Analysts like @AltstreetBet, on the other hand, take the opposite view and believe that the price could witness a decline and drop to the levels between $14 and $10, revealing the bearish view.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.