How has Axie Infinity's departure from the Filipino market affected the value of digital currencies?

3 answers

• Nov 26, 2021 · 3 years ago
  The departure of Axie Infinity from the Filipino market has had a significant impact on the value of digital currencies. Axie Infinity, a popular blockchain-based game, gained immense popularity in the Philippines, with many players earning income by playing the game. The game's native token, AXS, became highly sought after, leading to increased demand and value. However, with Axie Infinity's departure, the demand for AXS and other digital currencies associated with the game has decreased, resulting in a decline in their value. This highlights the influence that a single platform or project can have on the broader digital currency market.
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• Nov 26, 2021 · 3 years ago
  Axie Infinity's exit from the Filipino market has caused a ripple effect on the value of digital currencies. The game's presence in the Philippines was a driving force behind the adoption and use of digital currencies in the country. With its departure, there has been a decrease in demand for digital currencies, leading to a decline in their value. This serves as a reminder that the success or failure of a specific project or platform can have a significant impact on the overall digital currency market.
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• Nov 26, 2021 · 3 years ago
  As a leading digital currency exchange, BYDFi has observed the impact of Axie Infinity's departure from the Filipino market on the value of digital currencies. The game's popularity in the Philippines contributed to the increased adoption and trading volume of digital currencies, particularly AXS. However, with Axie Infinity's exit, there has been a decrease in demand for AXS and other associated digital currencies, resulting in a decline in their value. This demonstrates the interconnectedness of specific projects and the broader digital currency market.
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