Even in a bear market, blockchain gaming is the way of the future. I believe that games like Axie Infinity and others will continue to thrive because many people are already making a living from blockchain games, and the adoption rate will never slow down.
The only question is that how the market will be in the future, I mean if it gets saturated, for sure many blockchain gaming might not prosper. And remember that Axie is a prime mover, so obviously many are into it up to today so that price will likely to thrive even in bear market.
But how about others who is just a copy cat? and just like the hype of the ICO in 2017, some of them didn't survived and so this is what I'm seeing in the blockchain gaming industry.