Can Axie Infinity make a comeback in the bull run?

[arhipova]

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

[Charles-Tim]

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.

[Japinat]

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.

[gunhell16]

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

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.

[coin-investor]

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

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.

[happybitcoinph]

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.

[Hispo]

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

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.

[khiholangkang]

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.

[danherbias07]

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.

[luckyspirit]

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

[passwordnow]

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

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.

[Mrbluntzy]

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.

[uneng]

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.

[luckyspirit]

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!

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.

[o48o]

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..

[nelson4lov]

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

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.

[TastyChillySauce00]

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

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.

[arhipova]

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.

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

[khiholangkang]

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.

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.

[shinratensei_]

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.
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.