toysonline
Power Member
- Jul 28, 2010
- 774
- 321
they wil relaunch: AXIE INFINITY - ORIGINS
Is Axie Infinity dead ?
- Thread starter Hi I am Mitu
- Start date
-
- Tags
- axie infinty
blackbeans
Elite Member
- Nov 29, 2008
- 9,247
- 4,807
Well, after their efforts at reviving their project, it seems that Axie is caught between a rock and a hard place.
As you probably already know, the whole crypto scene is under a lot of pressure.
Some of this is due to the meltdown with stable coins triggered by the whole Luna Terra disaster.
But it's also external because as you probably already know, the US Federal Reserve has been increasing interest rates to combat inflation.
Put all these factors together, and there's a lot of downward pressure not just on crypto but on stocks, bonds, and other securities.
It's a fair assumption that a bear market is coming to the crypto world sooner rather than later.
In this context, a lot of secondary cryptos like Axie Infinity and others are going to be under a lot of downward pressure.
Focus instead on what the teams behind these once high-flying cryptos are up to and chart out your strategy from that point.
If you believe in the project, you shouldn't obsess about how much the crypto is trading for.
If you believe that there is a future in terms of use cases and practical applications for the crypto and it is part of a larger ecosystem that is self-sustaining or can lead to other future uses, then you probably should stick to cryptos like Axie Infinity.
But if you see it as a one-trick pony, or worse yet, basically just a lynchpin of an unsustainable Ponzi scheme, then you know what to do: dump it.
As you probably already know, the whole crypto scene is under a lot of pressure.
Some of this is due to the meltdown with stable coins triggered by the whole Luna Terra disaster.
But it's also external because as you probably already know, the US Federal Reserve has been increasing interest rates to combat inflation.
Put all these factors together, and there's a lot of downward pressure not just on crypto but on stocks, bonds, and other securities.
It's a fair assumption that a bear market is coming to the crypto world sooner rather than later.
In this context, a lot of secondary cryptos like Axie Infinity and others are going to be under a lot of downward pressure.
Focus instead on what the teams behind these once high-flying cryptos are up to and chart out your strategy from that point.
If you believe in the project, you shouldn't obsess about how much the crypto is trading for.
If you believe that there is a future in terms of use cases and practical applications for the crypto and it is part of a larger ecosystem that is self-sustaining or can lead to other future uses, then you probably should stick to cryptos like Axie Infinity.
But if you see it as a one-trick pony, or worse yet, basically just a lynchpin of an unsustainable Ponzi scheme, then you know what to do: dump it.