Just look what happened to Alchemy Pay and Harvest Finance crypto recently. When Coinbase introduces a new token to its list of offerings, it’s led to some impressively fast gains. Why AXS Crypto Could Be a Good Medium-Term Investment And that can be good news for AXS crypto investors. But with numbers like that, it’s likely that Axie Infinity is still in its infancy. That’s obviously the exception and not the rule. Those breeding rare Axies, have sold them off for as much as 600 Ethereum. And unlike most video games, this one rewards players with cryptocurrency. More than a quarter of a million people log in to play daily. And while the game isn’t for everybody, that doesn’t make it any less of a growing trend. But just because they don’t all generate the same attention as a $69 million piece of art, doesn’t mean they’re any less popular… Even if some of them are pretty dumb.īut Axies make NFTs a utility for escapism… And possibly profit.

You don’t have to look hard to find news about the untimely death of NFTs. And NFTs are operating on similar path to Bitcoin’s salad days. The media loves to play down the impact it’s had – and will continue to have for the foreseeable future. Since then, more than 400 Bitcoin obituaries have been published. It was operating on the fringes of society at the time. Keep in mind, back then 10,000 Bitcoins equaled two large pizzas. Here’s What AXS Crypto Is Poweringīack when I started mining Bitcoin, it was almost universally seen as a passing fad. Or if you’d prefer to skip the middle man, you can sign up for an account here. And now that Coinbase has added it to its growing roster of cryptos, we expect the value of AXS crypto to continue to climb for a while.įor those unfamiliar with Coinbase, it’s one of the most intuitive crypto exchanges out there. That kind of price movement has gotten the attention of investors for good reason. That’s why the AXS crypto is up more than 2,000% in a matter of months. And then there are examples like Grand Theft Auto V, which is still one of the most popular cross-platform games nearly a decade after its release. Keep in mind, even the passing fad of Farmville lasted years before finally shutting down in 2020.

And things are really just starting to heat up. While the game itself might not capture the imagination of players for years to come, it’s got a lot of momentum on its side. It’s also worth noting that when that kind of money is poured into a game, players aren’t likely to just walk away.

It generated more than $42 million in sales in June of 2021 alone. The pets, of course, are known as “Axies.”īefore you shrug this one off as a passing trend, it’s worth noting that Axie’s NFT collection is one of the most expensive out there. For those unfamiliar, Axie Infinity is a game where players buy, sell, trade, breed and battle digital pets. This Ethereum-based token runs the Axie Infinity blockchain-based NFT game. AXS crypto is poised to continue making big moves.

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