1. They don't have a maximum supply, so the potential for inflation is much higher than the potential for price increases.
2. The game's payout isn't as good as it sounds; some players are fed up with the mechanics.
3. I remember having to buy Axies before starting the game.
4. Axie's decline was too steep; their ATH was $165, and today it's only $2.39.
Pretty much agreed with the first point, it's the reason why I wouldn't touch this project with my money despite playing their games back in the days.2. The game's payout isn't as good as it sounds; some players are fed up with the mechanics.
3. I remember having to buy Axies before starting the game.
4. Axie's decline was too steep; their ATH was $165, and today it's only $2.39.
The uncapped supply where the gamers are farmers that willing to pull off all nighters to make profit as much as they can. Doesn't seem like a sustaining economy if you ask me.
The new investors just become exit liquidity.
This is very difficult to achieve due to several issues with the Axie Infinity project.
1. They don't have a maximum supply, so the potential for inflation is much higher than the potential for price increases.
2. The game's payout isn't as good as it sounds; some players are fed up with the mechanics.
3. I remember having to buy Axies before starting the game.
4. Axie's decline was too steep; their ATH was $165, and today it's only $2.39.
And the narrative surrounding the game project has really declined. Today's investment isn't focused on games that are just a waste of time and result in losses, especially with holding their tokens. If they don't offer substantial rewards and engaging gameplay mechanics that make the game enjoyable, there won't be a massive following.
Their user base has also steadily declined over time, and you have to remember that games are short-lived on the Web 3. Especially if the developer doesn't create a competitive game system and guarantees good returns, users will reconsider and try other, more profitable games.
There's no growth, and the data looks flat.
1. They don't have a maximum supply, so the potential for inflation is much higher than the potential for price increases.
2. The game's payout isn't as good as it sounds; some players are fed up with the mechanics.
3. I remember having to buy Axies before starting the game.
4. Axie's decline was too steep; their ATH was $165, and today it's only $2.39.
And the narrative surrounding the game project has really declined. Today's investment isn't focused on games that are just a waste of time and result in losses, especially with holding their tokens. If they don't offer substantial rewards and engaging gameplay mechanics that make the game enjoyable, there won't be a massive following.
Their user base has also steadily declined over time, and you have to remember that games are short-lived on the Web 3. Especially if the developer doesn't create a competitive game system and guarantees good returns, users will reconsider and try other, more profitable games.
There's no growth, and the data looks flat.
I am holding some in loss. Do you suggest me to book losses ?
If it were up to me, dude, you should forget what you believe in. With all the new, potential crypto projects coming out in this industry, it's impossible that you don't see
anything with more potential than AXS.
Let me just ask you this, do you research the top altcoins or meme coins these days? Honestly, the time of AXIE's popularity is over, so it's going to be hard for it to get its shine back,
just to tell you frankly. Now, if you still really believe in it, you should just think about it and accept the fact that the capital you'll use for it will be a loss.