Crypto Blades and Axie Infinity go to war for NFT market share while AXS price suffers a sharp correction
Play to Earn games are battling for supremacy of the non-fungible token ecosystem with a market capitalization of nearly $ 18 billion. One of those NFT crafting games that runs on the Binance Chain, Crypto Blades, has become a formidable competitor to the popular Axie Infinity game.
Crypto Blades is an RPG in the intelligent chain from Binance where traders can earn SKILL tokens. Although the game has seen a significant surge in user numbers over the past thirty days, Crypto Blades token is nearly 94.8% away from its all-time high of $ 858.99.
Dogecoin Elliott Wave Analysis: Looks Down
If the crypto market extends its decline today, we would likely have five waves on the downside that should be viewed as a potential upper and bearish reversal. As you can see, the major cryptocurrencies are still in the strong resistance zone, but there is still no real breakdown. We need to see something more significant, such as a broken channel support line or a declining level of confirmation.
Cardano Price Prediction: ADA retracement could lead to new all-time high above $ 3
Cardano price is currently experiencing a sell-off after hitting a new all-time high on August 23. This downturn is likely to widen to find a stable support barrier before considering a new uptrend.
Cardano price has been up 113% since Aug 9, hitting a new all-time high of $ 2.98. While this rally was impressive, the ADA appears to have exhausted its momentum when it hit the 127.2% Fibonacci expansion level at $ 2.87.