What next for Axie Infinity & Polygon? Analysts like Everlodge for better gains

What next for Axie Infinity & Polygon? Analysts like Everlodge for better gains

You can grow your money by 30% in 2023 by investing in Everlodge (ELDG). Its presale has attracted a score of investors and experts. They are confident that its value will increase manifold in the coming months. Therefore, Axie Infinity (AXS) and Polygon (MATIC) investors are selling their tokens and joining this new project.

Axie Infinity (AXS) drops as social engagements decline

The play-to-earn gaming sector has been dull for a long time. Axie Infinity has emerged as one of the worst-performing P2E games. In the past month, the market value of Axie Infinity has dipped by 23%. Consequently, the AXS token is currently available at $4.66.

Now, Axie Infinity has announced that it will unlock over 14,000,000 tokens in October. Reportedly, the total value of the AXS tokens to be unlocked is around $71,000,000.

Meanwhile, Axie Infinity has also witnessed a decline in its social engagements. The data from LunarCrush revealed that the social engagements of Axie Infinity (AXS) have plummeted by more than 9%.

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Polygon (MATIC) whales show increased activity

The Polygon network has witnessed a surge in whale activities. The rise of Polygon in social metrics was a major reason behind this surge.

The latest data from Santiment has revealed that Polygon’s weighted sentiment has reached a 4-week high. Thus, investors have a bullish outlook on Polygon (MATIC). However, experts have pointed out that Polygon addresses with over one billion tokens are still under selling pressure.

This can worsen the price decline of Polygon. Meanwhile, the price of Polygon (MATIC) has tumbled by 21% on the monthly chart. Subsequently, a MATIC token is currently available to trade at $0.55.