What is the downside of Axie Infinity?

SLP Volatility

The game is based on cryptocurrency and ALL crypto markets are volatile. It can rise and fall in ways that you wouldn't expect. Plan for this volatility if you plan to stay for a long time in Axie Infinity. Make sure you can pull your assets out at any time.

Is Axie Infinity a bad investment?

Axie Infinity universe offers many benefits, but the year 2022 was not the best for the cryptocurrency market. The market was extremely volatile, and the risk-to-rewards ratio was also unfavorable. AXS holders may add more tokens to average their holdings, but for new investors, it is a risky time to enter the market.

Why did Axie Infinity 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. It was like going from $15 an hour to $1.50.

What is the negative effect of Axie Infinity?

Like in many other games there are also status effects in the Axie Infinity Community Alpha. A positive effect is called "Buff" and a negative one is called "Debuff". They can be applied on your Axies or on your enemy through playing Ability Cards.

Is it still good to play Axie Infinity?

While Axie Infinity remains the most prominent NFT-based game, its diminishing popularity paved way for players to explore other play-to-earn games, such as Fancy Birds, CyBall, and Thetan Arena, said Buenaventura. Generally, crypto market has weakened with less hype and fewer investors, said Buenaventura.

The Problem with NFT Play-to-Earn Games - Axie Infinity

Is Axie Infinity ending?

It's official, Season 21 is the final season for Axie Infinity V2 - United Gamers | UG | NFT Games: News Reviews Tournaments. Follow us on Twitter! United Gamers offers the latest NFT Gaming and Play to Earn news, with features, interviews, and tips on how to make money with blockchain gaming.

Is Axie Infinity no longer profitable?

By November, the research firm Naavik reported that average earnings for Axie scholars had dropped below the Philippines' minimum wage. By spring 2022, the bottom had fallen out of the crypto market, making playing the game nearly worthless.

Can I lose my money in Axie?

Reckless trading. You will definitely lose your Axie Infinity investment if you trade recklessly.

What are the pros and cons of Axie Infinity?

Is Axie Infinity stressful?

The Axie Infinity play-to-earn game is described as a blessing because it became the number one source of income of the participants despite being amid this pandemic. It also became their source of stress because it adds pressure, tension, and strain to their lives as both a player and a student.

Is Axie in trouble?

The crypto game , Axie Infinity , was all the rage in 2021, but its returns are slowly diminishing. According to analytics firm Naavik, Axie Infinity has an inflation problem on its hands with players cashing out rather than putting their money back into the game.

Did Axie Infinity get scammed?

NFT-based battler Axie Infinity just suffered a major hack

The gaming-focused blockchain Ronin Network announced earlier today that an Axie Infinity exploit allowed a hacker to “drain” roughly $600 million worth of crypto currency from the network.

Why Axie is dropping?

Unpacking the Axie Infinity downturn

The primary driving force behind the downfall of AXS likely revolves around fears that private investors will sell their holdings following today's scheduled unlock and distribution.

Is it wise to buy Axie now?

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

Will Axie Infinity reach $100?

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. The momentum is expected to continue, and in five years' time could be worth $207.

Does Axie still have a future?

In the year 2028, Axie Infinity adoption will continue to rise, with regulators starting to accept that crypto is here to stay. Investors could see AXS reaching a maximum price of $53.80 by 2028 followed by a minimum price of $49.05. The average price for 2028 is expected to be $51.43.

How much money can you make a day in Axie Infinity?

Axie Infinity Rewards System

Complete the daily quests and earn +25 SLP per day. Complete missions in Adventure (+0-50 SLP per day). It doesn't consume energy to earn SLP but consumes power to earn EXP; Win games in the Arena (+0-21 SLP per win).

What is better than Axie Infinity?

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.

Why is Axie so expensive?

The price of Axie Infinity (AXS) is primarily determined by the demand for the game's virtual assets. In other words, the price of AXS is driven by how much people are willing to pay for in-game items. As such, the high price of AXS is simply a reflection of the strong demand for the game's virtual assets.

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.

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.

Can I sell my Axie and still use it?

Sell Axie Infinity Shard

Once sold, you can store the euros as long as you want, or send them to people, use them to buy other cryptocurrencies or withdraw them to your bank.

Will Axie ever recover?

Therefore, Axie has a good scope for growth in the future. Thus, Axie Infinity has a huge potential to bounce back. But, as the macroeconomic and liquidity factors are not much in favor of the crypto industry, AXS's price might not get back to the pre-covid levels.

Can Axie Infinity be a full time job?

In summary, YES it is possible to play Axie infinity full time. HOWEVER, we high recommend playing Axie on-top of your job, as an extra source of income. It would not be a wise decision to remove your original source of income when Axie only requires you to play a video game in your spare time to earn great money.

How much does the average Axie make?

“On average, [Axie Infinity players] are making $400 a month, which … is under the taxation threshold of $5,000 per year here in the Philippines,” he said. While players still need to file to prove that, he estimated that the majority of players in the country would owe the government nothing.