Axie had huge hype before crashing. Can it revive with new updates and bring AXS price up?
It's way too bloated, it can't work ever again. The trick for them was that it has to reach a level where we can se it keep getting buys that cover it. Think about it this way, it worked for a while because people who got in, paid to get in, and then they made profit, so they used that profit, to make more profit, and that kept going.
However, you have to realize, this can't go on forever, people can't put in money forever, this game can't be a trillion dollar game. Where does it stop? Well, wherever and whenever people decide not to put more money into it, and that is exactly what happened. It stopped when we put more money into it and that is how you approach it and that is how we make some money and when it stops we stop with it.