Bitcoin Forum

Axie had huge hype before crashing. Can it revive with new updates and bring AXS price up?

More coins will be created. Investors will move there as usual and dump most of the old coins. If Axie infinity is among the dumped coins, do not expect the coin to rise like before. But even if it will rise, do not expect all-time high for this coin anymore. All I know is that it may still fall further.

Judging by its price, it’s almost dead. Honestly I don’t think it will even come back, even if the next altcoin run happens soon.

The ATH was $150 and now it’s down to $2.30. If this wasn’t listed on Binance, it would already be practically dead. The only reason it’s still alive is because it’s on a high-volume exchange, so I really don’t think it will recover again.

I think it would be difficult for the hype that Axie had before to return. But from what I know, many play-to-earn games with tokens under the Ronin network have been rising since last
year up until now, although I'm not that updated.

So, if you're hoping that Axie will return to its all-time high, you should hold it at your own risk. With so many new crypto coins coming out that are better than Axie,
you'll surely leave that behind if you find something with more potential.

It doesn’t mean that a coin has a massive hype in the past that it can come back; the concept is innovating in play to earn, and there are a lot of investors who lost a lot of money and will just remind them of the losses and the heartache and misery they suffered from investing in Axis Infinity.
Let the dead remain dead, in altcoins. Once people lose their trust, it’s game over, and besides, investors have moved forward. Encouraging them to reinvest is like trying to scam them a second time.

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.

It is very unlikely thing will ever going to be the same as they were during the hype for Play-to-earn projects. In case you did not even know, Axie Infinity did not lose much of it's value because the end of the hype in their ecosystem, it also happened because their ecosystem suffered a very serious heist back in the day, when north Korean hackers managed to steal hundred of millions of dollars from their liquidity pools.
Trust on the project has been since shattered and nothing impressive has happened since the hack and the end of the hype and fomo.

People willing to gamble some of their money would prefer to money onto other projects and not to put money on the chance of that Play-to-earn game to make an historical comeback.

It had much potential, but they blew it when the business model, in my opinion.

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.

https://www.talkimg.com/images/2025/08/24/UZfKT3.png

There's no growth, and the data looks flat.

Nah, it's a dead project. They have done something wrong that made it go south, and actually, the old investors are paying the price for that mistake.

I don't think they can gain some trust again after that bad market of Axie Infinity, and most players are done with them, especially in places where most of the population is. Asia. This is where most of their customers are, and they actually enjoyed it in the start, but slowly it went bad, and it got boring, so I do not expect anything good from them. In fact, I forgot about this name until you made this thread to remind me.

It can, this possibility always exist but it is very unlikely. Why would it? Why does the world need Axie Infinity? It doesn't.

I don't think so, only some whales doing it for a moment temporarily but it could dump again when they're already in profit. I still hold some AXS and SLPs and even RON. But for RON, I am hoping that there could be some huge pump happening anytime soon. Although it's not a problem to me if there is nothing happening on it at the moment because I know this for a fact that this is the risk that I've taken having this altcoin. I've got a bunch of altcoins that made me significant losses. but, thanks to Bitcoin for having me still around and recovered all of those losses that I've made.

Don't be too hopeful for any coins that has been massively pumped before and dumped because the project owners might not even have the intentions of reviving the project again because they must have already made the profit they had want from the project. Instead of reviving any dumped project, they will abandon it to survive on its own but during another bull season, they will use the same idea to create a new project that can be used in ripping investors too. During this bull season, not many altcoins were able to even get to previous ATH as the last season.

I don't think so, unless they rebranded their game with new features. I believe MMORPG genre has superior sustainability chances on long run, because they have more features and different activities players can engage, so it's less likely to become boring.

Unfortunatelly, nobody explored MMORPG genre efficiently in Blockchain games niche yet. There is a lot of potential on it, and the developer who identifies this opportunity, while working on a serious a long lasting project will surely be very successful, possibly becoming the main MMORPG game in the world!

Axie Infinity, however, it's not likely to be that game... It had its glory and was a very welcome source of extra income for some people, but that time is over already.

Absolutely fucking wrong. There is no need for any game to use blockchain technology, especially not an MMORPG. This is the trick that you have been sold by shitcoin creators.

It can have an exit pump if big enough pump and dump group has been accumulating their bags. But that's about it. And i wouldn't count on it as they can pick better ones.

There's no coming back from something as pointless as Axie Infinity. And before you say that meme tokens are even more pointless and they are rising as well, at least they aren't pretending to be relevant games.

Axie Infinity was crap from the start, but it was marketed pretty efficiently so no one even bothered to talk about how  sustainable such a crap game would be..

You still haven't moved on? You really should. This is crypto and people move on fast. I want to believe they'd be new and interesting  stuff to try out. For instance, I've been hearing about a fantasy style football game on X and it looks interesting and getting hype like those Axie infinity days.

I even remember buying stepN sneakers and playing the game. I didn't even make back my capital lmaoooo.

Money tend to go to the hyped up new coins, so I doubt.

Have you seen the trend where big volume big FDV coin are the one getting the pump like ethereum? Axie and its web3 gaming narrative is kind of dying in my opinion. Won't attract that much attention from the market to make the price pump.
Even the chart shows stagnating price after its peak hype which happen a cycle ago.

I am holding some in loss. Do you suggest me to book losses ?

If I so you will certainly choose to throw it away, unless you are still actively playing there, maybe because you like to play or whatever it is, but if you believe that xie will rise it is very difficult to think, the game industry on the web3 is not as good as the web2, especially with a stuck project.

See first how the team, whether they are still doing development or not, pay attention to everything in your reference, if it makes you sure to keep it holding it.

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.
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.

Don't forget that such coins are created every day, brand new "Hype bomb", so to speak.

And with infinite supply, as others outlined - don't have high hopes for it..

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.

Many projects, in the end, come to this - and it's unfortunate, but it's true.

NFA, but it's better to keep a small loss and land your funds somewhere valid than to keep them praying for something to happen.

Isn't that just like a Ponzi scheme? New investors will always be the ones who suffer losses, instead of seeking profits by exploiting their own friends?


He should have opened his eyes and seen that there are many more potential projects. But I advise him not to force him. From what I've said, he should have understood that this kind of game is no longer worth investing in. Any altcoin with an overly hyped narrative in the past will be discarded, because it's not based on value but on community discussion hype.

They’ve been trying to revive the game, but nobody’s buying it, and the rewards are not satisfying anymore. With many play-to-earn and other concepts, I don’t think they can revive it.
Some bull runs have occurred, and yet AXIE failed to take off. Furthermore, its developers have been exposed to abusing and cheating their users, so why would they trust it again?

AXS has fallen to -98.6% from its 2021 ATH, falling even further --- while you shouldn't expect this rise to happen because it's impossible for me to believe in this token.

Besides, the Axie Infinity game is now outdated and no longer hyped, so it's likely that many communities have left this project, including the game itself. Therefore, look for other altcoins that have more potential rather than expecting this one to rise.

Axie Infinity can't make comeback during the bullrun. my reason is

1. Overrated game and boring gameplay. 2d game in 2025 is just crap.
2. Inflated tokens and infinite supply
3. Not sustainable game economy
4. The locked tokens that probable gets unlock
5. Importantly less demand.

Those reasons are enough to explain why Axie will never ever make comeback during the bullrun. Just look at its performance during the November - December bullrun. It's very disappointing, isn't it?

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.

They cannot make changes now like changing 2d to 3d  ?

I disagree with what you said about 2D games in this era where 3D games are regarded as more important. You should take a look at a game which is coming out next September 4th, which is called "Hollow knight: Silksong" , it is one of the most anticipated games in the lastest years, and it happens to be a 2D game with beautiful mechanics and awesome soundtrack and art. It is going to sell millions of copies worldwide, I have not doubt about it.

So you should cross out the first reason on why Axie Infinity is not going to have a triumphant come back during the next bull run, because being 2D does not have anything to do with its failure in the long term.

It is not needed.

He's just an idiot writing nonsense. Some of the best and most successful games out there are in 2D. 3D is useless when the game is shit.

I agree.

I have yet to see anything using blockchain directly in the game that impresses me, in fact I have seen a lot of things ruined by directly using blockchain.

For example a whole category of card games that used to be played using cards and that often were played to win the other player's cards got ported to using NFTs as the "cards" and revealed a big flaw, since typically the NFT units or creatures or whatever never get consumed, except maybe by combining duplicates to forge a higher-level NFT of the same unit or creature or whatever; and with no ability to kill (destroy) the other player's cards let alone to win them from them by beating them in play.

But I totally disagree that blockchain has no use in games.

Way back when I made my Digitalis D'ydii Cluster game ( see my "curriculum vitae / Galactic Milieu" page, https://MakeMoney.Knotwork.com/ ) on the Apple IIe I made all local currency on the billions of trillions (or thereabouts, astronomical numbers) of planets be local to the planet because having a galactic or multigalactic currency was far-fetched given that ultimately a balance of trade would need to exist, a way to visit the planet(s) the currency was issued by or arrange to have goods "backing" the currency shipped to wherever one happened to be, or to have services provided by that planet, or some way of "backing" the currency that could not be blocked by barricading fleets and such.

Even when bitcoin was invented, revealing a plausible way of transferring actual value via communications rather than physical cargo carried in vehicles, I realised that if communications could be blockaded similar to how actual vehicles could be, there would still be the potential for sufficiently-blockaded planets' currency to be basically worthless in other solar-systems, galaxies, clusters of galaxies and so on, but still bitcoin seemed enough of an innovation to make it at least more plausible that a currency could become galactic or intergalactic given sufficiently-fast faster-than-light communications.

Of course the D'ydii Cluster, being inspired pretty directly by the pencil-and-paper tabletop Traveler RPG game, did not have FTL communications other than mail carried by FTL starships, but still, bitcoin seemed enough of an innovation to inspire me to go with a more Star Trek type mythos, in which faster than light communications does exist and thus blockchain-based currencies ought to be feasible.

Thus, although I do not have the component games of the Galactic Milieu (https://MakeMoney.Knotwork.com/) directly use blockchains within the (free open source off the shelf already-existing often with at least a decade and maybe by now more than one decade of proven persistence and playability and often very dedicated populations of players) code of each component game, I tie them all together (the Knotwork slogan, "Tying it all together") with crypto...


-MarkM-

You mean the trust is already shaken by big margin and thus recovery is very hard ?

Considering that it would require billions of dollars to go back into it as a "comeback" to what it used to be.
Then I would assume that is not going to happen, that's not possible and not going to happen.

However we can of course give it a try, if you really want to, then you can go play it and hope that it would make a comeback and try to make as much money as you can by playing it.

If you don't do it because fear that it will not be worth it, then others will do the same and then it will not make a comeback. That is why the projects that are once good, now not so good end up staying bad, because people fear that it will never be like what it used to be, so they do not get in and when they do not get in, that ends up with bad results.

Right, we are no longer in the 2020-2021 era wherein Axie was one of the biggest hit in that bull run. Many people even those who don't deal with crypto but just wanted to make money, even old generation in our province used to play and make profits during the pandemic.

But that's it, another vicious cycle in crypto. If you are no longer the hype then your project is going to be dead. And as I have said, this is a cycle, and we have seen this in the past. So sorry for those who think that they can still revived Axie.

Let it rest and then invest on the next hype, simply as that.

And also their bounty rewards given to their players decrease more. Also the value of their coins and tokens decrease to so if that situation continue to happen there's no people would play then also invest on their games again.

Axie hype is done and I think its so hard for them to recover. If they have plan to invest they better think again since its risky to do that and maybe they are just wasting their time also money because they won't get anything from them especially if they expect huge or decent earnings.

But if they have old axies they better let it rest as you said and don't sell it at loss because somehow they cannot still get some of it since the value of their NFT drops so bad.

With the reduction of incentives for players, more and more people are abandoning this token, which has ultimately plummeted.

It is indeed difficult for Axie to recover---it seems that there is no longer any interest in Axie except for loyal players who are still in it. Now is a new era where games have been developed with good visuals, while in my opinion, Axie is still too outdated.

Just hold on, hoping for a strong pump. lol
But don't get your hopes up too high, as it's unrealistic for it to reach its initial peak again.

Axies Infinity is a boring 2D game. When it broke records, people flocked to Axies Infinity purely for the hype. I don't think many people enjoyed it, but they were only concerned with their money. It's not sustainable as a token, and it's already lost a lot of its value. It's hard to predict what will happen in this market. I don't think it'll be overhyped again. You never know, but things can happen.

Ok, that's a good question, what would the world needs axie infinity for? What impact is it going to create for the world to start purchasing it at high rate, if this question is been answered  and it shows no need for the world to troops in buy order for axie, then the price of the coin will never meet ATH.

Another reason, the time for axie had pass and gone long time ago, there are many new play to earn more better than axie emerges around the corner, so no need to wait for axie performance before getting profits, it would be rare before seeing it doing another bigger x.

There are many projects that got huge hype at the beginning, as they were pumping up, but when they crashed, they never woke up  even until now. So because those behind the pump never tried those stupid tricks to pump it again, they know that people are ready to withdraw their funds as soon as they can recover their initial investment.i don't really think they will pump it again. In fact, any new project that gets hyped and then crashes I don't expect people to invest in it again. It's very certain that it won't increase that much anymore.In short, before, when a new project crashed, people would still expect another pump. But now, it's hard to find a project like that because new projects are coming out every day. So it's possible that it's almost the same people investing in these projects  just moving their funds from one place to another.

Many enjoyed it actually but it's not about the game but the incentive when you play the game and the SLP that you'll get and have to sell afterwards. That's what the majority of its player went there and that's why it's no longer liked by many because of how low the distribution now per game. The devs should have recognized it early before that the model they have isn't sustainable not until everyone started to dump it. Jihoz even flaunted that this game could exist for more than a decade. While he can be right but with how many players?

More than a decade doesn't necessarily mean sustainable.

The Galactic Milieu (https://MakeMoney.Knotwork.com/) has been around for far longer than a decade and is really just barely starting-up, so it is possibly still too soon to tell about sustainability.

It is certainly feasible for unsustainable things to take much more than a decade to fall apart, weren't a whole lot of the various eco-catastrophes, both generally-accepted and still by many denied to even be real supposed to take well over a decade to become undeniable?

I definitely suspect that among the things learned so far from the Galactic Milieu (https://MakeMoney.Knotwork.com/) is that if it had "enjoyed" the popularity that Axie did it would have gone down in flames (as Axie maybe did?)

Basically it seems to me that the game ultimately has to be huge compared to the population of "value-extracting" players otherwise, simply, all value will rapidly be extracted and it will die.

In other words it must be a store of value, and, more, it must accumulate value to store.

Thus ultimately it needs to be an economic engine that "ratchets" value, building layer upon layer upon layer much like the history and pre-history of human progress, with deeper layers thus becoming "less liquid, more infrastructural" as it were.

Presumably even now many bridges, roads, monuments and so on can in principle be bought and sold, but in practice I think a whole lot of that stuff tends to end up more like "public works" where it is not so much bought and sold between entities but, rather, where entities form around it, municipalities, nations, civilisations, foundations and so on grow around it.

In "Civilisation" type games like FreeCiv you do see buying and selling of cities, but by-and-large at that scale there is more involved in the changing "ownership" of things than just markets, there are gunships and gunship diplomacy and so on, ultimately empires and death-stars and on and on and on.

Thus ultimately I think it has to be about building accumulating and retaining value, not about "extracting" it.

Maybe almost like bitcoin's 51%-attack idea there has to be at least a slight majority of "makers not takers" else it simply all gets "taken" until nothing is left...

Fortunately for the Milieu it has not grown in player-base faster yet than it has grown in "take-able value", basically the pillagers have not yet overwhelmed the builders.

But it might very well be that ultimately that will come down to the players, can the builders out-pace the pillagers?

It is understandable that builders might see an incentive to keep the thing quiet and just build and build and build, rather than make noise attracting the attention of pillagers...


-MarkM-

I have never played Axie Infinity myself, however I have done my on research on why the project has failed to make a comeback and it surprises me how there are so many people who claim the game was boring and lackluster, from the perspective of someone looking at it as an expectator, it does not look so bad, there are very entertaining games which are 2D turn based RPG on the market of videogames.

Though, if the game is actually that bad as people say, then there is no wonder why it failed and people ended up selling all their axles and smooth love potions. If a game is not good, people will only play it for the sake of making money.

That’s the thing axie infinity was never really about the gameplay it was about the economics it became a job rather than a game and when that happens the moment the earnings dip the fun is gone and so are the players. For a while the hype worked perfectly because people saw others making crazy returns so they rushed in too but once the tokenomics started collapsing with oversupply of slp and less demand it exposed how fragile the model was if the devs had balanced rewards earlier or made sure the economy had sinks to stabilize supply maybe it could’ve lasted longer.

The sad part is a lot of newcomers genuinely thought it would be their ticket to financial freedom and instead they got left holding worthless tokens while early players and investors cashed out it’s a harsh reminder that play-to-earn in its current form is still very experimental. Jihoz talking about axie lasting for a decade might technically be true in terms of servers being alive but the real question is how many active players will still be there because without incentives most people just won’t stick around for a basic 2d battling game unless the devs reinvent the gameplay or economy it’s unlikely we’ll ever see that same level of hype again.

Even if people only play for the sake of making money though, they need not play as pillagers, they could at least in theory take the position that there is not going to be a lasting income from it if they drive other players away, make it not fun to play for other players, or maybe even just make it too unprofitable for other players.

In other words if ultimately the game is about building, about making rather than taking, it ought to boil down to whether the builders can build fast enough and strong enough that the pillagers drive themselves to extinction, if only by taking out wealth that could maybe if put into defenses have kept them alive and profitable.

It does seem important though that the income players are earning not come directly from other players; I still think the game needs at least one, and preferably many, "outside" incomes to work with.

Even if something so simple as a huge bitcoin-mining farm whose profits go to the players of the game in response to their in-game activities instead of going for example to traditional "shareholders" or whatever.

Heck you could have a bunch of mining farms all over the world each mapped to a different part of the in-game geography for example, each one's profits becoming the productivity of that part of the game's geography.

So that basically in a competetive game players would be competing for how much of the production of such outside sources they get.


-MarkM-

Yes, Axie Infinity had a hype at one time but it didn't last long. I think around 6 to 8 months, the flaws of the system were visible and many new players stuck in this game as they have bought the game things for expensive and later the prices drop significantly. The SLP price never recovered because its supply was too much and when you win, you get the SLP token.

I know some of my friends keep on holding SLP token thinking that one they their price will pump and they can get out the seed money from this Axie Infinity game, but to their disappointment, this may never happen.

Many thought that we're already living in utopia with that play to earn game. But no, it's all a dream that had happened a bit and came true. And yet the economy of it isn't sustainable. The devs are the real winners here, we don't know how many millions they were able to pull out before the dumping process came.

I also have some friends that keeps on holding their SLPs in hope that it might recover because that's the only crypto that they hold. If they have converted that during the hype to bitcoin or eth, they would have done it better.

That's really a good one although there may still be hopes for the project considering their status in web3 Game-Fi  ecosystem in my opinion.

I have, and I agree that it is boring. The part about it being boring isn't how it looks, or what you do wit hit, it was the repetitive action. You would wake up, do the same thing whole day, and then you would be bored and then you would have to do that again tomorrow, and the day after that and every single day. Some rich people literally hired others to do it for them, and they would get a cut in exchange of providing some funding.

This is the proof that it is not a game that was fun to play. Sure on your first week, or maybe even on your first month you may like it, but in many cases we would not have a good entertainment value. This is why it is not really what we are looking for and should not be expecting to get better.

Axie Infinity was inspired in Pokemon, which is a popular cartoon, so the 2D design fits the niche of customers they are aiming. On the other hand, if it was an 3D open world game, like GTA for an example, I have no doubts there would be many more people willing to play it, and probably not solely for the financial aspect of it, but also because it would be a game full of features and different activities to engage with.

Can't they upgrade now ?

They could upgrade it. But that would not be enough to make a serious come back and push prices to previous levels like those we saw back in 2021.
People do not longer follow Axie Infinity in the way manner they used to back in 2021. Also, you gotta keep in mind, if they updated it, it would turn inna different kind of game, an open world adventure instead a 2d turn based battle system.
It would also depend on graphical quality of he game and the upgrade, the most interesting and realistic the graphics become, then the most expensive it will be for the company to upgrade the experience.

I am just glad I did not buy anything related to Axie back when the prices was high and people were hyped up, I would have lost all my money.

I think that they have a lot of games and attracting many developers to come to them and develop games where people can use AXS and RON for that purpose.

IMHO, they need to incentivize creators so that every gamer is going to be back at them. While Axie and the other games that are associated with it are still there.

The noticeable drop of its players is there and if they want to get them back, they need a sustainable way of incentivizing the playing investors too.

But the problem is their reward is decreasing and also the price of their native coins also tokens are decreasing. That situation make people feel discourage to play or even buy coins in the market.

It will be so hard for Axie to get back on its past position since lots of their players leaves already on their platform.

I think majority of players left playing on that game are the old managers, which have lot's of axies left in their wallets and trying to earn some few bucks while the game still alive. Although they made some impressive updates recently but I think that's not enough especially the reward to give to their player is close to nothing.

I think that project will find it difficult to return to its previous ATH (All-Time High) in the crypto market. That's because they changed the system after that, and that's when they started to decline little by little. Because of that, it also won't be able to recover to the peak price it reached before.

That's why the risk of expecting it to return to its former market performance is quite high. But if you were to ask me, it's still better to just look at the top altcoins
that are still genuinely delivering good performance in the market until now.

I think that the demand will come back if they do something amusing. It's what they need to have, just one blow of come back and they'd be huge again.

And you're probably right that many of the investors are managers who have invested a lot of money and I hear life time savings. Good for those who truly made money.

But we know that many have break even and not even able to get the ROI they were expecting. There must be ways and the community has told them what to do before.

The burning mechanism of their tokens is one way but out of the many, there's gotta be more ways if they want their tokenomics to have a huuuge come back.

What alternatives you suggest ?

What do you mean by the alternatives ? Are you asking for the altcoins that are worth investing or are you asking about any altcoins which has a same model as it was with Axie and slp that gives you tokens on playing games.

I don't think that any game with the similar model can sustain for long so we should avoid investing in such tokens. Also it is better to invest in the top 20 altcoins as they are more secure and less likely to be manipulated. Also at least 50% of your portfolio should be in Bitcoin.

Altcoins are gambling like and whatever that make you to invest in altcoins most especially those that have done some previously good market records have a lot of risks to bear with and for sure buying them at this point is like gambling on an already dead team, you may never get your expected results in the end, since as long as their prices crash once, it will become extremely difficult for them to ever recover back again.

Don't take suggestions from anyone, my man.
The market of alternative currencies is pretty much the wild west, you are supposed to do your own research and trust yourself only.
I could guarantee you that anyone here who gives you an advise on where to invest your money would likely have their money also in that very same coin they tell you to invest in.

You felt optimistic on Axie Infinity because you saw something positive about it, but people gave you their honest opinion. That is valid, but never ask someone to tell you where to invest your money, it is almost impossible to be unbiased and give an honest opinion when each one of use are influence by our own portfolio.

They already do many things to attract their players back, but its just their game is not rewarding now and also they made a crazy update on where players earn less if they don't spend.

That's why there's no sense to come back since it seems people are just wasting their money in this game.

Adding more burning mechanism in their game has been discussed for many time, but it seems that addition never became effective. Many players look at the profitability of the game and the recent dump of their native coin make people discourage more people to play their game.

Sometime it's better to just let things go, axie infinity and other web3 games are beyond saving.

The web 3 games are like barren deserted island only botters still there because it's still profitable for them, as for the average joe, nothing to see there except a dead game.

I've played axie infinity in the past and right now just don't really care anymore, even I still hold some of the NFT and too lazy to sell it ;D.

Most of the NFTs became useless. Are you in loss because of holding the NFTs ?

Axie once had its heyday, and in my view it will never regain that former glory. As they say, fame only knocks once and it isn’t forever—something that’s undeniably true. Everything fades and passes away. Moreover, in the present era, dozens of new coins are being created every single day, each one claiming to have “potential.” With that in mind, I believe it will be extremely hard for Axie to reclaim what it once achieved.

Investing in AXS and holding it for the long term would now be a huge risk. My advice would be to play it only for the short term; that way, investors can still make a modest profit.

Yeah now that they made their game pay to play style to gain more better rewards, it will be so hard for them to get their old glory. For what I see now many player are abandoning their game due to that situation happening.

Also I think its not worth to play that game anymore since it seems that the latest update they made is just another cash grab from the dev.

So people should not expect anything since they provably waste their money on that game. AXS price drop badly and there's little chance for them to recover from its last ATH.

Previously, this coin's style and pattern, like SOL, were the most resilient and quickest to rebound when its price dropped. But now I see its price movement slowing significantly, even though BTC has reached its ATH, this coin hasn't necessarily followed suit, only occasionally rising and mostly following a downward trend.

I don't think it's time to AXS yet, but fundamentally, this coin still falls into the good investment category. If you want to hold it long-term, it's possible because AXS itself is a gamer platform coin that will continue to be played by its users.

And whether there have been any changes or speculation, it's better to dive in and investigate further, as it once had real utility, not just speculation.

I haven't seen any game token come back to a good price after they have failed. There's a short hype for them, specially when the game has increasing number of players but when the users realize there is no more making of money on it, they just leave. Whether it be the blockchain based game or the telegram games that provides an airdrop.
They were quite popular at a time even going higher than $150 and I too had bought and staked them as they provided one of the highest staking rate but with so much of coins coming into circulation, the price is hard to rise again. It would be a surprise if they crosses $10 in a bull run.
Probit is delisting them next week, I guess they're dying slowly.

I am still holding few AXS out in my portfolio and I have it staked, I don't mind for how long I am going to hold it and the profit that I'll be getting from it. If I don't incur my losses from there, it's good as a loss forever to me and might just keep on holding than to go against my disappointment of selling it at losses. I hope that Sky Mavis will do something better for the coming years to push the tokenomics of AXS and RON.

Stay strong my friend. I know this moment will come in the crypto market, and one day everything will be fine again. Right now, what else can we do but hold on to it? Even if we sell, we'll only regret it in the end.

AXS was previously a good investment coin, but its performance has slowed considerably in recent years. However, it's not impossible that when hype and good news come, anything is possible. AXS is a good coin with a strong community and loyal investors. We just need time to see AXS return to its all-time high, or even reach a new high, perhaps in a bull run if it happens quickly.