Analysis of Price Movements in Axie Infinity and Ethereum Conducted by Analyst

During the remarkable bull run of 2021 in the realm of play-to-earn cryptocurrencies, Axie Infinity (AXS) emerged as the prominent project, as affirmed by numerous crypto analysts. AXS witnessed such a monumental surge that its value exceeded even the largest cryptocurrencies in the market at that time, soaring to an impressive $165. However, the subsequent decline was equally momentous, with the price plummeting to slightly above $7, leaving its investors utterly astounded. Consequently, the question arises: What is the current state of affairs for AXS?