Cryptocurrencies Price Prediction: Axie Infinity, Polygon & Ethereum — Asian Wrap 03 Jan

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Axie Infinity faces stiff competition from Thetan Arena in play-to-earn ecosystem

Thetan Arena, a blockchain game that combines personal skills of the player with teamwork, has amassed over 7 million users since its launch in September 2021. The game is now competing with Axie Infinity. Thetan Arena, a metaverse “play-to-earn” game has amassed a large number of active users.

These cryptos show rising bullish fundamentals despite low volatility in the market

Crypto analyst and trader Michaël van de Poppe believes that DeFi protocols are primed for a breakout in 2022. Analysts have observed a bullish market structure in altcoins over the past two days. Michäel van de Poppe, a crypto analyst and YouTuber is bullish on DeFi projects built on the Ethereum network.

Vitalik Buterin reminds users internet of money should not cost more than 5 cents

The founder of Ethereum stands by his statement that the internet of money should cost less than five cents. Vitalik Buterin is working on scaling solutions for Ethereum to solve the challenge of the high transaction costs. Vitalik Buterin, the founder of the Ethereum Network recently summarized his thoughts on the altcoin in a Twitter thread.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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