Can Axie Infinity make a comeback in the bull run?

[Taskford]

Can't they upgrade now ?

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 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.

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.

[X-ray]

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 .

[arhipova]

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 .

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

[gunhell16]

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

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.

[Taskford]

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

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.

[woez]

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

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.

[tsaroz]

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

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.

[passwordnow]

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 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.

[NewRanger]

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.

[btc_angela]

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 .

We've already get pass that hype already, we are no longer in the pandemic era wherein Axie is the way to make money for everyone. During that time since the world is lockdown and everything slows down, somewhat Axie helps a lot of families to earn money from that era.

But now, it's very different and it just shows how crypto market is. There will be hype and then it will die down. It's like there are no permanent projects that can continuous to bring profits for us. Hype fades and then a new one emerge.

So I don't think that Axie can be salvage and any other games for that matter.

[markm]

I do not know whether for Axie Infinity it is too late for this approach to work, but the Galactic Milieu anticipated this kind of problem well over a decade ago.

From the time of the very earliest "altcoins" such as DeVCoin, we saw a big reason why having multiple coins could be a good thing and that it could become very important to have a way of moving onward despite the possibility of the kind of "griefers" known as "dumpers" setting out to destroy the value of one or more of one's game-currencies.

At an extreme, one might even go so far as to have each and every player issue their own currency, so that any players who chose to "dump" its value downward would mostly be harming themselves.

But even doing that could end up with almost all players "dumping" their currency, which lo and behold seems to be something we see a lot of nowadays: issuers of coins and tokens "dumping" their own coin or token way down in value.

The "treasuries" system is useful for a number of reasons, but a big reason is they way it can be used to sidestep "dumpers" and even, potentially, to profit from them.

In the Galactic Milieu's "treasuries" system Civilisations, Corps and so on can implement their currency as a "treasuries based" asset, an asset with a dedicated "treasury" from which a value per unit can be calculated simply by dividing the total value of the "treasury" by the number of units issued.

If someone "dumps" a treasury-based asset at a price lower than its calculated value, it is clear that they are offering a bargain, since the price they are asking is less than the value of what they are selling.

Once an asset has been implemented as a "treasury based" asset, it can further be implemented as a "reserve asset", an asset that other "treasury based" assets can use in their own "treasuries".

This means that once your own currency has been implemented as a "treasury based" asset you can make use of the calculated value of "dumped" reserve assets by placing them in your own asset's "treasury", from which your own asset's calculated value is computed, thus effectively ignoring and working-around the "dumper" by transferring the value over to your own asset, which of course you have much more control over the chance of its ever becoming vulnerable to "dumpers".

That last is of course an important point: players will doubtless be watching to see which other players are the best at avoiding "dumpers" and working-around them, which civilisations and Corps' currencies still have one or more "dumpers" in possession of significant numbers of its coin or token.

The proliferation of more and more new coins and tokens need not even be a nasty problem anymore provided each new coin or token is implemented as a "treasuries based" asset, and thus is able to move on to become a "reserve asset", because the more such assets there are the more overall stability they all gain.

You can see tables and plots dating back to 2012 of how this idea has been working out so far at https://galaxies.mygamesonline.org/digitalisassets.html

Periodically the calculated value of all the "treasuries based" assets is recursively calculated from the "treasuries" and uploaded as the Latest Rates include-file, which also lists BTC, LTC and NMC, which are not themselves "treasuries based" assets yet, for comparison to help readers put the values in context.

Of course this system as so far implemented, being basically a prototype or proof of concept, has a long way to go yet in order for real civilisations to apply it in the real world as a method of calculating relative values of real world currencies, not the least of which is working out some kind of distributed-custodianship for the contents of the "treasuries", but if it works well enough for games maybe someday it can be scaled up to be used beyond games.

In principle, Axie Infinity, or any collection combination or permutation of fans players or users of Axie Infinity, could implement within the Galactic Milieu such a "treasury" for one or more of Axie Infinity's currencies coins tokens or assets and proceed by successful play to increase the value of that "treasury" over time until some day the total value of the "treasury" divided by the total number of their asset they mint computes a value per unit of any arbitrary size their skill and success can accomplish.

They would be far from the first old crypto-asset perceived by some observers as "failing" to set out upon such a path toward rebuilding, but possibly they might have more players and/or more-dedicated players than various other groups within the Milieu and thus prove faster than some others of such groups at re-invigorating their assets...

The basic idea when using the "treasuries" system to sidestep any "dumpers" your asset might have fallen prey to is to simply pile all of your asset you can get access to into "treasuries" instead of trying to trade it itself directly on "spot markets". Try of course to pick, or to outright create, treasuries-based assets that are not themselves already contaminated / infected with "dumpers".

Then as you see "dumpers" in action, "dumping" various assets for less than their computed-from-treasuries values, snap up those bargains to put into other "treasuries", bolstering the value of other assets not yet or not as badly infected or contaminated with "dumpers".

Over time this strategy should go a long way toward turning "dumpers" from a scourge of "griefers" into profits for those who buy up the "bargains" the "dumpers" are in effect creating...


-MarkM-

[Wakate]

Investors are always looking for projects they will invest in that will make them fast money without holding for too long. The only thing this project can do is to create fantastic games that will attract players with high rewards for new users. This will make more influencers to talk about it especially when they know that benefit is sure for them. After that the team can pump the price a little to attract investors that will pump their money to increase the price.

[nelson4lov]

Investors are always looking for projects they will invest in that will make them fast money without holding for too long. The only thing this project can do is to create fantastic games that will attract players with high rewards for new users. This will make more influencers to talk about it especially when they know that benefit is sure for them. After that the team can pump the price a little to attract investors that will pump their money to increase the price.

The reality is that same investors are no longer looking to invest in games anymore because it's looking like a failed industry. With all the investment poured into crypto and blockchain gaming in 2021, it should be a top tier category possibly number 2 after L1 blockchains but it's not as 98% of all games have failed. So the problem is not looking for project to make fast money. It's the fact that the lies about these projects are now out in public. They have no intrinsic value.

In the case of Axie infinity, their model wasn't sustainable.

[asriloni]

Damned!I bought 3 axies like back in 2022 worth 400 bucks at that time. I played it just for a few months, then it's now worthy only 11 bucks for three axies. Any crypto gaming token is a scam!!!!

Inflated NFT, non sustainable gameconomic, less demand to buy. I'm wondering if there is someone else also suffering the same lose like me from playing axies.

Axie is a garbage and won't comeback even during the bullrun. This is painful, but i tell you the truth. It's unsustainable gameconomic already destroyed it.

[livingfree]

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.

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.

I hate that I am hopeful that they are going to come back for attracting people. But yes, they do something and continue to manage the game.

And economically in the game, there's no way that they'll be back at their height when everyone is so crazy about it.

I agree to what you've said, even if they are doing a lot of things. They're no longer appreciated by the investors because they're not savvy to the ones who are hopeful of them being back in track again.

[passwordnow]

Damned!I bought 3 axies like back in 2022 worth 400 bucks at that time. I played it just for a few months, then it's now worthy only 11 bucks for three axies. Any crypto gaming token is a scam!!!!

Inflated NFT, non sustainable gameconomic, less demand to buy. I'm wondering if there is someone else also suffering the same lose like me from playing axies.

Axie is a garbage and won't comeback even during the bullrun. This is painful, but i tell you the truth. It's unsustainable gameconomic already destroyed it.

You bought that's even quite cheaper than with the one that I've bought for just 1 axie. I hate myself if I remember that, the craze and the hype that was made during that time was so high and crazy. And you have said the reality about it, many have hoped for its comeback but it's never coming back anymore. We all know that it's not going to happen and it did so much already even the devs have no control about it or they unknowingly intended to do that. The game's economy is truly not sustainable, it was a good run that we can say about it.

[bettercrypto]

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 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.

We all have our own perspective and outlook on every coin. If that's what you think about AXS, then keep believing in what you think still has hope. And I also think you're not the only one during this time who still believes in AXS.

To be honest, I also bought some of it myself, because I'm thinking maybe it will pump hard at some point, and at least even if it doesn't reach its previous all-time high price value,
what's important is that we still make some profit somehow. Though, it's also fine with me even if I lose on it because that's just how it is in this industry.

[FortuneFollower]

I hate that I am hopeful that they are going to come back for attracting people. But yes, they do something and continue to manage the game.

And economically in the game, there's no way that they'll be back at their height when everyone is so crazy about it.

I agree to what you've said, even if they are doing a lot of things. They're no longer appreciated by the investors because they're not savvy to the ones who are hopeful of them being back in track again.

Investors want hype and flashes.

As far as I got it, there isn't enough to pull them back in to see the potential, thus, the price remains flat, and it probably will..

[Z390]

Axie infinity created and launched a new game this year, I think it is an RPG style and I heard that it is a good one, but the problem is if gaming season will come back.

Right now retail have no interest in the market anymore, QE is about to begin on December 1st there is no sign of any liquidity shit, every charts looked like something from a wrecked book.
Even if there is a chance that money printer will soon be on I doubt that there is any hype left in this market, ETH is also losing every steem it has already, let's see which coins will survive if we truly go into a long term bear market from here.

[o48o]

Damned!I bought 3 axies like back in 2022 worth 400 bucks at that time. I played it just for a few months, then it's now worthy only 11 bucks for three axies. Any crypto gaming token is a scam!!!!

Inflated NFT, non sustainable gameconomic, less demand to buy. I'm wondering if there is someone else also suffering the same lose like me from playing axies.

Axie is a garbage and won't comeback even during the bullrun. This is painful, but i tell you the truth. It's unsustainable gameconomic already destroyed it.

Sorry for your loss, but some questions:

How are gaming tokens more scam then anything else out there?
Did someone promise growth for them, or who exactly was the one who scammed you?

You admit that axis was unsustainable. So where's the scam here? Everyone literally saw what they bought and what was being build.

The product was ready. It was just an overvalued and overhyped garbage. Your account is from 2015, so you have been around, and this can't be the first time you see a project that dies because it was just overvalued and overhyped bs.

So i am confused why was this genre of tokens a more scam than most shit out there? They literally had the product out in the open and people chose to buy it. So they didn't even mislead people. It dropped like most NFTs. Personally i didn't see the value on this one even at the start, because there wasn't anything but hype and a "game".