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Axie Infinity: Gaming, NFTs take this crypto to the highest level, surpassing Ethereum in the process

This post was written exclusively for Investing.com

  • Gamers are the leading supporters of the crypto market
  • Potential for fun and the opportunity to be with AXS to earn money
  • The 28th leading Cryptocurrency
  • Incredible returns since November 2020
  • Risk and rewards with all cryptos in 2022

In previous articles on cryptocurrencies, I explained how I made a terrible mistake in 2010 when I consider myself to be nothing more than a form of video game. I didn’t see the forest behind the trees, I saw them BTCTokens viewed as worthless coupons that were like the skee ball tickets I earned as a kid and exchanged for the prizes that were dust collectors.

After hours of playing pong, Ms. Pac-Man, and asteroids, I gave up video games in college. My next generation kids took over the coat when new games with amazing graphics appeared.

Those who embraced Bitcoin and the cryptocurrencies and held onto the tokens made millions; some even made billions. Today I understand why other currencies that reject the notion of state control have advantages. Cryptos are fintech tools. Blockchain is the evolution of finance and cryptos are a control revolution.

We haven’t seen the full anger of global governments, likely along with that Market capitalization the asset class will escalate. Meanwhile, (AXS) is a top-tier cryptocurrency that includes gaming while also being an alternative currency.

This is what awaits you in this article

Gamers are the leading supporters of the crypto market

The rise of cryptocurrencies was at least partially driven by significant generational dynamics. Younger people are more tech savvy and have grown up playing video games while mastering each new technological innovation. In addition, they used social media long before their parents. It became the primary mode of communication and interaction for the younger cohort.

Gamers or those whose fingers were almost glued to controllers in their youth gained a particularly deep technical understanding and comfort. It’s no surprise that the younger generation, now in their 20s and 30s, have been far more open-minded about cryptocurrencies than their parents and grandparents.

The concept of a computerWallet was alien to the baby boomers, while their children feel comfortable stowing their tokens in password-protected bags in cyberspace.

Fun and the opportunity to make money with AXS

Pokémon is an incredibly successful series of video games developed by Game Freak and published by Nintendo and The Pokémon Company as part of the Pokémon media franchise. Pokémon is short for “Pocket Monsters” and exists as a TV show, trading card game, video game and toy.

The Pokémon characters are creatures that live in the wild or with their owner (usually children or gamers). The owners are their “trainers”. The trainer’s goal is to catch the Pokémon. Satoshi Tajiri founded the Pokémon franchise in 1996.

Axie Infinity (AXS) is a Crypto-meets-Pokémon game. The goal is to make the players cute NFT– Raise, fight, and trade pets named Axies.

Axies and virtual real estate are offered for sale via an in-game marketplace in the form of NFTs with AXS as the native token. The Axie Infinity website describes the protocol as “Digital nation ” where the participants “Fight-Collect-Earn. “

As of December 21st, $ 3.6 billion had been traded on the in-house AXS marketplace. The most expensive Axie NFT ever sold cost a cool $ 820,000, and the protocol has 2.8 million active players every day.

The 28th leading cryptocurrency

Axie Infinity’s success has put the AXS token at the top of the cryptocurrency hierarchy. It was on December 23rd AXS the 28th leading token of 15,897. At $ 101.65, it had a market cap of over $ 6.19 billion.

The combination of gaming, NFTs and cryptocurrencies has made AXS a unique token in the emerging asset class. The returns from AXS were nothing short of spectacular.

Incredible returns since November 2020

AXS started trading at 15 cents per token in November 2020. On December 31, 2020, the token was just under 60 cents.

Axie Infinity: Gaming, NFTs take this crypto to the highest level, surpassing Ethereum in the process, Crypto Trading News

Source: CoinMarketCap

The graph shows that AXS was a complete success, with the token hitting a high of $ 160.36 on November 6, 2021 and even after that correction Bitcoin asset class traded above $ 96 and hit record highs on November 10th.

AXS has a limited supply of 270 million tokens.

Risk and rewards with all cryptos in 2022

AXS is unique, but new specialized tokens come out every day. AXS is a case study of success in the asset class as it has outperformed Bitcoin,,, and many other tokens since November 2020.

The percentage gain is too massive to even consider a calculation. However, a $ 100 investment in AXS in November 2010 at 15 cents was worth over $ 106,900 at the November 2021 peak and more than $ 64,000 on December 21, 2021. Crypto meets Pokémon was a big winner.

While cryptocurrencies like AXS Having achieved massive returns, potential rewards always have an appropriate level of risk. Most of the 15,897 tokens circulating in cyberspace will end up as worthless cyber dust collectors.

Remember, Pokémon was a game that resonated with children and young adults, making it a fad that lasted and created incredible wealth for its founders and sponsors. Cryptocurrencies like AXS are the same. Rather than blindly tossing money on the asset class, do some research and do some due diligence. Try to think like these kids who make products like Pokémon with gold investments.

AXS is a case study, and its position as a game, NFT, and digital protocol poised to embrace the metaverse bodes well for the token’s value. However, investing in AXS or other tokens carries an enormous risk. Buyers must exercise caution and participate fully aware that all of the capital invested is exposed to the risk of total loss.

Source: Crypto News Deutsch

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