Did Axie Infinity get hacked?

The hack that caused Axie Infinity losses of $620 million in crypto started with a fake job offer from North Korean hackers to one of the game's developers.

What happened to Axie Infinity?

The real problem with what happened to Axie Infinity is that the developers lost or changed their initial focus. The Crypto-winter and hacking scandal affected Vietnam-based developers Sky Mavis greatly. As a result, they created a new version of Axie Infinity based on the more traditional microtransaction model.

Is Axie Infinity in trouble?

By spring 2022, the bottom had fallen out of the crypto market, making playing the game nearly worthless. While Axie Infinity boasted over 2.7 million daily active users last November, only 760,000 are still active, according to one tracker.

Is it still ok to invest in Axie Infinity?

One coin which has benefited from this is Axie infinity, rising 39,000% since its inception in 2020 and continuing to be a popular altcoin in 2022 due to its connection to the NFT industry. If you want to gain a stake in this high-growth market, then Axie Infinity could prove the perfect investment to do so.

Is Axie Infinity losing popularity?

Popular blockchain-based online video game Axie Infinity (AXS) has reported a major loss of players over the past months. At about 701,000 average monthly unique players for the past 30 days, the game's popularity decreased below the level reported for January 2021.

They Hacked The Game For $625,000,000... No One Noticed

Will Axie be a dead game?

No, P2E or Axie Infinity is not dead, quite far from it. As you can see below, the user base on P2E games continues to increase. With time, this new way of managing game economies will evolve, go through iterations to get it right.

Is Axie on a downfall?

After peaking at over 2.7 million players in January this year, Axie Infinity's popularity has tumbled precipitously and now has fewer than 750,000 active players.

Is Axie gonna recover?

According to technical analysis, AXS tokens have been trading extremely bearishly. After hitting the ATH, the token corrected massively and reached a single-digit value. However, the future price of Axie Infinity (AXS) is expected to recover slowly and steadily.

Can Axie Infinity reach $1000 dollars?

Axie Infinity's number of monthly active players is reported to be 680,144, in comparison to 200,000 players in the case of Sandbox. So, will Axie Infinity reach $1000? Certainly, yes, but not sooner.

Is Axie still profitable 2023?

Whilst the platform does have AXS up by 16% over the summer, with a trading price of $53.91, that price is expected to drop to just over $40 at the end of the year. However, AXS is expected to grow significantly in 2023 and is predicted to be up by around 80% by December.

Will SLP pump again?

It is for sure that SLP had a bullish increase in 2021 and at the beginning of 2022, so experts expect that it could reach $0.4002 by the end of the year. If we follow the current fast growth, it could easily go up to $0.1027 or even $0.5 although it is hard to achieve by the end of this year.

Why did Axie fail?

But to make money off of Axie's in-game token, players needed new gamers to join because new gamers had to buy Axie characters, a non-fungible token. When the gamer flow slowed, the token's price collapsed, and so did a player's earnings.

What will replace Axie Infinity?

Battle. Collect. Earn.

The best alternatives to Axie Infinity are The Battle of Mars, PAY. GAME, and NFTs. If these 3 options don't work for you, we've listed a few more alternatives below.

Is Axie Infinity long term?

WalletInvestor says AXS is an “awesome long-term investment”. Its Axie Infinity price prediction for 2022 expects it to reach $55 in a year. The site's Axie Infinity price prediction for 2025 is for the coin to surge above $100.

Will SLP recover in 2023?

As per our SLP price prediction, it can reach a maximum price level of $0.0094 by 2023. However, the average price of an SLP Coin can be around $0.0082. And if there is any bearish trend the minimum price of SLP Coin can be down up to $0.0048.

Will Terra Luna Classic reach $1?

However, due to their high circulating supply, cryptocurrencies such as Terra Luna Classic struggle to maintain an uptrend as supply and demand dynamics are heavily impacted. Consequently, it may take some time for LUNC to reach $1 again in the near future.

Will SLP rise in 2023?

Smooth Love Potion price prediction May 2023: Smooth Love Potion's price for May 2023 according to our analysis should range between $0.019 to $0.022 and the average price of SLP should be around $0.021.

Where will Axie be in 5 years?

The average price of Axie Infinity could exceed $12.69 this year. Within the next 5 years, the price of AXS is expected to rise above $57.54.

Is it worth it to buy Axie now?

Yes, you should consider buying Axie Infinity because it has proven to be a good long-term investment.

How much will Axie cost in 2025?

Axie Infinity price prediction May 2025: Axie Infinity's price for May 2025 according to our analysis should range between $20.74 to $23.86 and the average price of AXS should be around $22.30.

When Axie Infinity will last?

It seems this will be the final Axie Infinity balancing patch until Season 20 ends and Season 21 begins, which is reportedly slated to commence from April 25th, 2022.

Is Axie a good long term investment?

Based on the rising popularity of cryptocurrency and Axie Infinity, a long term investment in AXS could see the price rise to $58.98 within the next 5 years.

How high will Axie Infinity go?

Axie Infinity price prediction 2023: Axie Infinity's price for 2023 according to our analysis should range between $2.58 to $3.87 and the average price of AXS should be around $3.23.

Why is Axie so cheap?

Axie Infinity has a history of low per-token valuation, which started during its ICO when one AXS token was sold to institutional investors and regular traders for $0.8 and $0.1, respectively. The low price curse then followed it in the open markets when it ended its first day of trading, selling for $0.15.