Axie had huge hype before crashing. Can it revive with new updates and bring AXS price up?
The hype on Axie won't happen again. The developers didn't even do something good during the crash period.
Besides, I will assume 80% to 90% of the AXS community is just driven by the hype. It means there is no solid foundation throughout their peak, which is why in the event of a crash, mostly left, and I doubt they will return to put money again into the game.
During the hype, the developers are also hype up that they just go with the flow instead of doing something to maintain the trend in the long-run.