Prior to Origin’s Introduction, Axie Infinity (AXS) Had Reversed Direction With a 50%+ Rise in the Stock?
Axs Crypto: Prior to Origin’s Introduction, Axie Infinity (Axs) Had Reversed Direction With a 50%+ Rise in the Stock.
About Axie Infinity
This is the Ethereum token that powers Axie Infinity, a blockchain-based game in which players compete for control of their dogs’ digital kingdoms, gather items, and construct a digital empire for their pets. AXS token holders are eligible to get incentives for staking their tokens, participating in the game, and voting in important governance decisions.
Axie Infinity is a crypto-meets-Pokémon game in which users grow, battle, and trade charming non-transferable token (NFT) creatures known as Axies. The game is free to play. Two native cryptocurrencies are included in the game, namely Axie Infinity Shards (AXS), which can be purchased and sold on cryptocurrency exchanges such as Coinbase, and Small Love Potion (SLP), which is rewarded to players in return for their time spent in the game.
Who Created Axie Infinity?
Axie Infinity was developed by Sky Mavis, a Vietnamese developer, and released in 2018. As of August 2021, the game had about 1 million daily players, and by the summer of 2021, Axie Infinity had surpassed all other cryptocurrency applications on the Ethereum network in terms of player count.
Axie Infinity is a video game that centred around breeding, growing, and battling adorable creatures known as Axies. NFTs (non-transferable tokens) are used to purchase axies and virtual real estate from an in-game marketplace. The majority of transactions take place on a fast, customised sidechain called Ronin, which was created by developer Sky Mavis in order to have cheaper transaction costs than the main Ethereum blockchain.
Axie Infinity: Origin is Coming
The release of Axie Infinity: Origin (Battles V3) is almost coming! It will have all-new interfaces, gaming mechanics, graphics, special effects, stories, and an extensive onboarding experience, among other improvements. Origin has been designed from the bottom up to be more approachable for a wider range of audiences, including mainstream audiences.
We hope that the inclusion of three free beginning Axies will make it much easier for you to persuade your friends and family to become members of our community.
There are still some finishing touches to be applied, and not everything has been finished yet, so some of the details we’ve provided here may change in the future. However, we wanted to give as much information as we could as you patiently waited for anything to begin playing on your computer.
We want to begin the game’s release process by the end of the first quarter of 2022. However, as we’ve attempted to explain, there are a large number of moving pieces involved in the delivery of this game, which may result in delays. It goes without saying that we want Origin out as soon as possible!
It is best known for its in-game economy, which is based on Ethereum-based cryptocurrencies, which is a non-fungible token-based online video game developed by the Vietnamese studio Sky Mavis. Axie Infinity is a non-fungible token-based online video game developed by the Vietnamese studio Sky Mavis.
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Axie Infinity is a video game in which players collect and mint NFTs that symbolize animals known as Axies (based on axolotls). Within the game, these animals may be crossed-bred and pitted against one another in battle. Currently, the majority of Axie Infinity players are situated in the Philippines, as of September 2021.
Axie Infinity (Axs) Price Reverses Course With 50%+ Gain Ahead of Origin Launch
As a result of the recent initiatives by Yuga Labs and Bored Ape Yacht Club, the gaming industry is expected to continue to be a winner in the cryptocurrency market in 2022.
With Axie Infinity, the protocol’s first big launch, the protocol gained global notice and highlighted the potential of what it had to offer. The protocol will continue to lead the way in 2022 as it prepares for its second significant launch, which will take place in 2023.
According to data from Coin telegraph Markets Pro and Trading View, the price of AXS has climbed by 56.5 percent in the last ten days, owing to an increase in its 24-hour trading volume, which has propelled the cryptocurrency to a daily high of $69.82 on March 24.
The VORTECSTM data from Coin telegraph Markets Pro first detected an optimistic outlook for AXS on March 14, only a few days before the latest price increase.
An analytical assessment of past and present market circumstances produced from a variety of data points including market sentiment, trading volume, recent price changes, and Twitter activity is available only to Coin telegraph readers and is called the VORTECSTM Score.
Three Reasons for Its Gaining Upward
It is anticipated that Axie Infinity: Origin will be released in the near future. The constant growth in active users and AXS stakers, as well as the increasing popularity of the Ronin sidechain, which enables Axie Infinity games are all contributing factors to the rising price of AXS.
Axie Infinity: Origin
The release of Axie Infinity: Origin, which is slated to take place in the following weeks, is the most major development currently happening that will assist to improve the company’s long-term outlook.
The game Origin, according to a recent article from Delphi Digital, is “an entirely new take on the popular Axie Battles game that everyone is acquainted with.”
Game mechanics designed to improve the overall player experience will be introduced in Origin. These mechanics will include free starter Axies, which will help attract new players to the game, a reimagined storyline that will provide more depth to the player experience, and active cards for the eye and ear body parts, among other things.
In addition, new in-game commodities such as runes and charms will be introduced, which will work as power-ups for Axies and will require users to burn the platform’s native SLP token in order to get.
Active Users and Axs Stakers Are on the Rise
According to statistics from Dune Analytics, the continually growing Axie Infinity userbase has also contributed to the rising price of AXS. According to Dune Analytics, the total number of Axie Infinity users has reached an all-time high of 207,209, which has boosted the price of AXS.
The rate of new users onboarding into the ecosystem has slowed in tandem with activity in the broader cryptocurrency ecosystem; yet, the rise is still considerable and suggests that the cryptocurrency ecosystem is continuing to grow.
In addition, non-gamers have been encouraged to hold AXS, with a current staking payout of 73 percent being given through the Axie Infinity platform, among other incentives.
Steady Growth in the Ronin Network
Third, the expansion taking place on the Ronin network, an Ethereum (ETH) sidechain that was designed specifically for Axie Infinity by Sky Mavis and which is quickly becoming the primary NFT scaling option for crypto games, is providing further impetus to Axie Infinity’s development.
As of right now, the only game operating on Ronin is Axie Infinity. However, this hasn’t stopped the network from constantly placing among the top three most valuable Ethereum bridges in terms of total value locked, with almost $3.4 billion in value being locked on Ronin.
That will soon change, however, with the introduction of third-party developers to Ronin, which will contain “over 1,000 apps from teams wishing to build on Ronin,” according to Delphi Digital, who estimates that over 1,000 applications will be created.
Axie Infinity might profit from an inflow of new users into the Ronin ecosystem as a result of this, since new users are more likely to check out the project with the best performance on the network.
Unless otherwise stated, the thoughts and opinions expressed here are exclusively those of the author and do not necessarily reflect the views of Cointelegraph.com or its subsidiaries. Risk exists in every investing and trading decision; thus, before making a decision, you should perform your own study.