Axie Infinity was a Superhit P2E Game in Last Bull Cycle
Gaming was one of the growing segment in last crypto bull run cycle and there were some games doing pretty well in the market. This time when we are expecting the bull cycles to start soon which can be this year or maybe the next year so people are anticipating that once again gaming is going to be a bigger segment in Crypto market. Even this time it is expected to be even bigger as compared to what we have seen in the last cycle and this is why it is very important for us to have some skin in some leading games. Maybe some existing games can also do great in the market but again it is hard to predict how things will be and which gaming project is going to rise this time.
Axie Infinity was a hit gaming project last time. This was a NFT based gaming project on the Etherium blockchain and I still remember that its craze was significant that time. It has got a bigger community and a lot of people who are playing the game every day which is why the value of assets are going up. A bigger gaming community play an important role in any gaming project because bigger the community means more adoption and more investment is going to happen in the gaming asset. Because it was NFT based gaming so NFT is still something that is more valuable in the market depending upon its use case and the demand.
Axie Infinity is a blockchain game developed by Vietnamese studio Sky Mavis, known for its in-game economy which uses Ethereum-based cryptocurrencies. Players collect and mint non-fungible tokens which represent axolotl-inspired digital pets known as Axies.
The game is not that much popular now but still it has potential and ill not be surprised if we can see more action coming through this game as we are moving closer to the bullrun cycle in the market. There is a marketplace where you can see the differences are available and people are still buying which means the community is alive and things can again get back on the track but right trigger is needed.
AXS or Axie Infinity is the native coin of the game. I'm sharing the price chart for this coin below and you'll be surprised to see that what value it had in last bulletin cycle which was ongoing in 2021. The low price is approximately $7 whereas the all time high price is 165 U.S dollar which clearly shows that the game was literally on hype and that is why the asset value was growing like anything.
You can explore the game to figure out how the game works and whether it has still potential to grow in the upcoming cycle. I believe that game is alive and maybe some changes can add more value to the game ecosystem so it will not be a surprise that the seven dollar token can be multifold by four or five X. It is crypto market and anything is possible so as long as the project is alive it has the potential to grow and since the token price is already quite low so the higher probability for the value is to go up.
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Axie Infinity is a very good project, the usage case of this project is good, I think this project is going to perform better in the future.
Gaming industries will bring good profits for the upcoming bull market. Thank you for sharing details about Axie Infinity.
But I like to play games more. But I had no idea about Superhit P2E game. It was nice to learn about such a beautiful relationship through you today. Later I will also try to play these games.