Will it continue? The hype of these trends is over. Now, if new projects will come out, they will not be as frequent as before. Now the hype is not around P2E, but around M2E and on the wave of this hype there is a large number of clones of the successful M2E-project StepN. I am surprised how quickly trends and hypes change. 3-6 months and already a new trend, crypto industry develops very fast, it is very difficult to get into projects, which are born at the beginning of a new trend for some tokens.
I don't think P2E hype is over. Gaming industry is a huge one, and some P2E gaming platforms are just starting. Even known gaming companies are now trying their hands on this concept. Most of the P2E platforms may die because of lack of solid backing. But for popular and established gaming companies, they may thrive. Because the gaming community is growing especially during this pandemic era. With the M2E concept, it depends on how successful they can get and sustain their users. I don't know if this can last. But the P2E, I believe they can last because there's already gaming community even before this hype.
You can read this article https://bitcoinist.com/ethereum-gamefi-activity-collapses-by-96/
A 96% drop in user activity for the leading GameFi apps.
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The hype is long gone, the leading projects have lost over 90% of their value, the number of users has declined many times over, and the industry has fallen into a coma due to the bear market that has set in. Hype has passed, the market is waiting for a new trend, P2E is already a bygone stage, like ICO, DeFi, NFT. I'm not claiming this industry is dead, no of course not. I'm saying that the hype has passed. By a HYIP I mean crazy price increases, new projects coming out and attracting users. In periods of hype, these indicators are usually off the charts, while in normal times things develop in a more measured way.