Cryptocurrency News

P2E gaming is in a rut, but Axie Infinity (AXS) could rebound for 3 key reasons

07/08/2022

Less than a minute

2022.07.08 01:46

P2E gaming is in a rut, but Axie Infinity (AXS) could rebound for 3 key reasons

Play-to-earn gaming was one of the breakout sectors of the cryptocurrency market in 2021 and the trend was led by Axie Infinity (AXS), a mobile, blockchain-based game where users collect, breed, raise and battle nonfungible tokens (NFTs) called Axies for monetary rewards.

As the market topped and then entered what has become a deep bear market, AXS price retraced from an all-time high near $170 to its current price at $15.20 following several setbacks, including a $600 million hack of the Ronin sidechain that hosts the game.

07/08/2022

Less than a minute

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