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Why Metaverse Cryptos Axie Infinity, Decentraland, and Enjin Coin Plunged 20%+ Today

Why Metaverse Cryptos Axie Infinity, Decentraland, and Enjin Coin Plunged 20%+ Today

Top metaverse cryptocurrencies Axie Infinity (CRYPTO: AXS), Decentraland (CRYPTO: MANA), and Enjin Coin (CRYPTO: ENJ) were once among the hottest tokens in the crypto world. Today, that positive momentum has run straight into a brick wall, with each of these tokens plunging more than 20%. As of 10:15 a.m. ET, these three tokens lost 20.8%, 20.1%, and 21.1%, respectively.