BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Altcoins

Axie Infinity, The Sandbox Fell As Much as Solana, FTT

by Abimbola Adu
Dec 28, 2022 - 12:00 am
in Altcoins
Axie Infinity

Crypto enthusiasts entered 2022 starry-eyed after Bitcoin’s incredible 700% jump in 2021. However, it slowly began to decline as the year progressed, with June seeing one of its steepest declines. Unsurprisingly, other cryptocurrencies like Solana and FTT followed suit, just like they did during Bitcoin’s bullish run.

Worst cryptos of 2022

1. Terra $LUNA
YTD performance: -99.99%

2. FTX Token $FTT
YTD performance: -98%

3. Solana $SOL
YTD performance: -93.35%

4. Axie Infinity $AXS
YTD performance: -93%

5. The Sandbox $SAND
YTD performance: -92.50%

— whalechart (@WhaleChart) December 27, 2022

Despite having a very bad year, Bitcoin’s YTD decline is still preferable to Solana and FTT’s. Solana (SOL)  was undeniably one of the favorite coins of 2021 after having an incredible run of over 17,500%, moving from $1.5 to over $258 in under ten months. The coin would go on to become the fourth largest cryptocurrency in terms of market cap shortly after.

Sadly, the bullish run of the Ethereum killer, as it’s often called, didn’t last any further. A recent tweet from WhaleChart depict’s the coin’s -93.5% decline as one of the worst in 2022. But other cryptocurrencies like LUNA and FTT have seen worse fates.

Terra’s token, LUNA, is reportedly suffering a devastating -99.99% YTD fall. Around this time last year, the token had hit its ATH of $103.3. While many have given up hope on the possibility of this token’s value rising anytime soon, the cryptocurrency’s faithful are still rallying for a miraculous run come 2023.

Following closely with a YTD decline of -98% is FTX’s token, FTT. The cryptocurrency, already plagued with a bad year, suffered an incredible crash after its native platform, FTX, folded. However, the coin’s decline is the least of the worries of people who had shares in the platform as Sam Bankman-Fried, its founder accused of embezzling their funds, still walks a free man.

However, perhaps the two tokens worthy of the most sympathy on WhaleChart’s gloomy list are Axie Infinity (AXS) and the Sandbox (SAND). These two tokens heralded what could be the metaverse’s most influential rallies. 

Axie Infinity Shards or AXS, a cryptocurrency token, also serves as the in-game currency of the game Axie Infinity which got increasingly popular with the advent of NFTs. And because It also brought hope for the advancement of the metaverse, its -93% YTD crash is painful for its users.

The Sandbox, a fellow blockchain game, has its native token suffering the same fate. With a 92.5% YTD decline, it’s the worst run the cryptocurrency has experienced so far. 

Despite having a bearish run like no other this year, the cryptocurrency market may just recover come 2023.

Tags: FTTSolana
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

Related Posts

Graphic illustration of $100 million USDT transfer from Bitfinex to Tether Treasury against a backdrop of declining stablecoin market chart.

Bitfinex Transfers $100M USDT to Tether Treasury Amid Declining Stablecoin Holdings

October 2, 2023

Bitfinex orchestrates a notable $100 million Tether transfer to the Tether Treasury, as stablecoin holdings in crypto markets...

Graph depicting the sharp rise in GLMR token value after Upbit's listing revelation.

Moonbeam (GLMR) Token Soars by 50% After Upbit Listing Announcement

September 25, 2023

Moonbeam's GLMR token skyrockets by 50% following its imminent listing on South Korean exchange, Upbit, highlighting its prominence...

Line graph illustrating the PEPE coin's steep decline over the past month, with significant dips in recent days highlighting the volatility in the market.

Navigating the Waters: PEPE Coin Experiences a 15% Decrease in a Week amid Rising Whale Activity

September 11, 2023

PEPE coin experiences a 15% dip in a week amid allegations of insider trading and increasing whale activity....

Graph illustrating the rising trend in the number of long-term Litecoin (LTC) holders.

Long-Term Litecoin (LTC) Holders Count Hits 5 Million

September 8, 2023

Litecoin's long-term holder count soars to 5M, indicating a growing confidence in the asset. Analytical insights reveal a...

Press Releases

David Ferrucci next to the Elemental Cognition brand emblem.

BM Watson’s Lead Developer Secures $60M for New AI Venture, Elemental Cognition

August 18, 2023

David Ferrucci, has raised a remarkable $60M for his AI startup. The company brings forward two pioneering chatbot solutions designed...

pulse5

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse4

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse3

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise