The very long cryptocurrency winter seems to never end and the prices of most of the tokens are at historic lows. This article will analyze Dogecoin, Polkadot, ATOM and AXS.
News and prices of Dogecoin, Polkadot, ATOM and AXS
The Dogecoin Foundation, which was co-founded by Dogecoins along with Elon Musk four years ago, welcomes the Canadian entrepreneur’s move to create Twitter’s official cryptocurrency.
However, there is bad blood between Musk and Doge’s parent company due to the latter’s legal complaint against the Twitter CEO dating back to June of this year.
The charge is the charge of changing the cryptocurrency price to his liking and following new alleged maneuvers by the entrepreneur, the legal action was launched on September 6 with new evidence, as well as according to the judges Dogecoin should be treated as a security.
The Securities and Exchange Commission, announced on September 8 of this year that, in its view, cryptocurrencies are subject to laws governing forex securities.
On January 20, 2023, the US court will rule on the matter and both Dogecoin and Elon Musk have hired a pool of lawyers to protect themselves.
In the meantime, the ranks of disgruntled people are growing in the prosecution’s register, and other users harmed by the alleged artificially induced price fluctuations have been included; a user who lost $150,000 trading the currency is just the latest in a long line of investors who have felt cheated.
Prosecutors estimated the average loss from Musk’s alleged conduct to be between $60,000 and $75,000.
Meanwhile, the cryptocurrency is trading at $0.074 to break even.
Polka Dot (DOT)
A pois it touched $4.58 down 0.17% today with trading volume of $171.66 million over the past day.
Cryptocurrency crappy year shows no sign of ending and the currency it loses 16% in this month alone despite having already come from a terrible November where he had brought home a drop of 17.4%.
Overall, since the beginning of the year, POINT it lost about 83% of its total value.
Despite the massive losses, the token is still in the top twenty by market capitalization in exactly twelfth place just above Tron (TRX) trailing by just $180 million with a capitalization amounting to $5.28 billion.
The blockchain that forms into a network of interoperable and scalable blockchains is a chain entirely based on Proof of Stake and makes different PoS blockchains communicate with each other in a decentralized manner while remaining sovereign.
Be a proof of participation, those who own ATOMthe Cosmos utility token will receive rewards and one of the Tokens most loved by programmers as it is simple to develop.
The token is currently trading for just under $10 ($9.65) and this month, partly due to the FTX bankruptcy, it has lost 10% of its value.
Experts believe that investing in Cosmos is not very profitable at the moment, not due to the market trend, which will sooner or later restart, but due to the high transaction costs that characterize Cosmos (ATOM).
Axie Infinite (AXS)
On Kriptomat, the Axie Infinity token is now trading at 6.29 euros, down slightly on yesterday’s trading day with volumes of 36,943,558 euros in the last 24 hours.
The market capitalization of ACES (Axie Infinity) is 722,833,768 euros with a circulating volume of 270,000,000 AXS.
Axie Infinite it is part of gaming tokens and is based on the Pokemon-inspired blockchain.
During the game, through matches, users obtain tokens and the “Pokemon” in question (Axies) can be raised, trained and traded.
Over time, Axies transform into NFTs which in turn can be trained and traded on the Axie Infinity Market.