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Cryptocurrencies Price Prediction: Axie Infinity, Shiba Inu & Ethereum — Asian Wrap 21 April

Cryptocurrencies Price Prediction: Axie Infinity, Shiba Inu & Ethereum — Asian Wrap 21 April
FXStreet TeamFXStreet TeamFXStreet

Axie Infinity price wavers as investors wait out the $175 million token unlock

Axie Infinity price (AXS) has wobbled ahead of the upcoming token unlock event scheduled for April 23, causing the token to drop by a significant margin while it gives traders a chance to buy the dip. Standing among the top players in the GameFi and non-fungible token (NFT) spaces, Axie Infinity allows platform users to play games and be rewarded for their achievements. Notably, player rewards come in the form of the Smooth Love Potion (SLP) token and sometimes even AXS tokens.

Shiba Inu suffers damage in the PEPE-Dogecoin battle; market cap slips below Litecoin

Shiba Inu, at one point, was considered the Dogecoin killer. Despite its relatively strong fundamentals, the cryptocurrency is being sidelined at the moment. This lack of interest is all thanks to the emergence of PEPE, which once again proves that meme coins can always be replaced at any time.

Ethereum upgrade-induced Liquid Staking hype could put an end to DEX’s dominance in the DeFi market

Ethereum price rallied significantly right after the Shanghai hardfork went live on the mainnet. The hype surrounding staking withdrawal that began a few months ago gained more strength after April 12 and remains strong. This is commendable that even after almost ten days, the impact has not dissipated since the hardfork went live in a fast-paced market. 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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