Will Axie Infinity (AXS) Crash and Burn?

By Luke F - Bitcoin Enthusiast - 31-07-2021

The video-gaming community is getting excited around Pokémon, Fortnite, and Axie Infinity. Despite Pokémon and Fortnite being mobile and computer-based games, Axie Infinity, on the other hand, is turning heads. Even with the current market decline, Axie's price is still very much rising, shocking all.

The gaming industry had been taken aback by New blockchain use cases. The sudden disruption is due to projects like NFTs in the game industry, with NBA Top Shots alone selling around 1.5 million platforms in one month alone, earlier this year.

Axie Infinity's NFT game is primarily designed for the millennial and Gen Z generations making it more relatable for the younger culture. Axie is well-known for its unique play-to-earn gameplay, where users' can earn despite any current societal challenges. Even with the ongoing global pandemic, Axie Infinity promotes financial self-sufficiency in times of severe economic stress.

Large cryptocurrency investments such as Bitcoin (BTC) and Ethereum (ETH) have had respective rises of just 33% and 213% compared to Axie Infinity. The technology alone behind Axie Infinity has surpassed the crypto coin investments with profits of as much as 10,000% this year.

Axie Infinity reportedly has over 350,000 regular active users online each day, proving that the blockchain network integrated within the system is very competent.

Various cryptocurrency ventures such as SafeMoon have previously entered the media because their rapid incline was never sustainable. More experienced and successful traders who invest in cryptocurrency regularly, have time and time witnessed that rising solid momentum leads to a healthy market correction as opposed to rapid increases. 

Axie Infinity, on the other hand, actually has a solid and real economic solution to support its exponential growth as opposed to SafeMoon. Compared to Axie Infinity's solid foundation, SafeMoon, whose core notion was to take the price "safely to the moon" and build a charity, wasn't enough to make its growth sustainable.

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