A Rough Week in Crypto Hits Axie Infinity, Fantom, and Quant Tokens Hard
Axie Infinity (CRYPTO: AXS), Fantom (CRYPTO: FTM), and Quant (CRYPTO: QNT) are three promising altcoin projects many investors have on their radars. Over the past year, each of these tokens has seen massive runs, followed by downside volatility. This week, momentum continues downward for these tokens, with declines of 15.1%, 13.7%, and 10.5%, respectively, noted across Axie Infinity, Fantom, and Quant since last Friday's close, as of 12:30 p.m. ET.
Various macro concerns hit each of these cryptocurrencies, and the entire crypto market for that matter, hard over the past week. Investors continue to digest what higher interest rates could mean for capital flows into high-risk assets. Additionally, concerns around a proposed Russian crypto ban and the potential for central bank digital currencies carried over into this week.
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Source Fool.com
