Why Were Axie Infinity and The Sandbox Some of Worst-Performing Cryptocurrencies in 2022?

Find out why two projects with great potential dropped in 2022

in the press showing that the reserve values of the SBF companies were backed by the token issued by FTX itself. The market repudiated this whole situation, and rumors of insolvency proved to be real, causing investors to abandon FTT.supported

When the crypto market starts to correct, who suffers the most are the early adopters. This is because they are considered the most dangerous. Looking at how cryptocurrencies have corrected, it is possible to analyze this clearly. BTC was affected, but not as badly as Ethereum, which did not lose as much capitalization compared to its rivals.

In addition, the hype of the NFT arts in 2021 did a lot of damage to the image of this market. The art was sold only with the intention of profit-taking and did not offer value that matched the price, causing fear to those who were looking for projects with value for their investment and not just a fad.

Surely this was never going to work because, if the main income came from the game, obviously the tokens received in the game would be turned into cash because people need to survive outside of the game. The sale of tokens caused the asset received for playing, SLP, to lose its market capitalization, making Axie Infinity less attractive to everyday players.

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