Long-Term View of Axie Infinity Shards (AXS) on BigoMex

Long-Term View of Axie Infinity Shards (AXS) on BigoMex

By parismexi | BigoMex Trading | 21 Sep 2021


Blockchain gaming is a rapidly growing segment of the cryptocurrency market. Decentralized gaming has been a fantasy of many programmers and gamers since Ethereum allowed smart contracts.

A number of projects have tried to develop a blockchain-based game. But the most popular is Axie Infinity, a game made by Sky Mavis that has become extremely famous in some regions.

The control of the digital assets within the game distinguishes blockchain gaming from traditional gaming. In conventional gaming, a player purchases a game and then enjoys it for the sole purpose of entertainment.

In a blockchain game, a player plays the game and owns the game's rewards. They have the option of keeping their assets in the game, transferring them to another player, or even exchanging them for assets from another game.

It means that the gamer owns the game assets and can use them however they want. This feature introduces a new economy to the gaming industry, allowing users to make a living by accumulating achievements and swapping them for real-world cash.

Playing Axie Infinity

When a player enters the Axie Infinity universe, they can breed monsters and face the AI or other people in battle. Axie Infinity Shards (AXS) and Smooth Love Potion (SLP) are awarded to the individuals who win the combat.

The in-game currencies are AXS and SLP, however only AXS can be traded beyond the game. In order to speed up their progress in building powerful monsters, players can purchase AXS from exchanges and SLP from the game store.

This technique has gained popularity in low-income countries such as the Philippines. In the Philippines, playing Axie Infinity can become a full-time job that pays well and allows gamers to keep up with their living expenses.

Unfortunately, Axie Infinity has grown too pricey for most younger entrants due to the growth of the game and the escalating price of AXS. As a result, some investors provide scholarships for people to play and earn AXS. The investor receives a portion of the profit.

Accumulating AXS

Profiting from Axie's popularity doesn't always mean playing the game. The AXS coin can be traded on a number of exchanges, including BigoMex, where AXS contracts can be traded.

AXS is one of the new tokens introduced by BigoMex as part of the platform's ongoing innovation to provide traders with the most rewarding trading options in the booming crypto markets.

On BigoMex, the AXS/USDT daily chart shows that the price is now accumulating around the $66 support level. Traders who would like to trade a trend should watch for a major departure up or break down, while buyers who want to construct a position can do so here.

AXS/USDT Chart

Gaming on the blockchain is growing increasingly popular. It's possible that Axie Infinity is facing competition, lowering its appeal and price. However, as the first significant blockchain game, AXS has a lot of real-world demand and a lot of fans in the environment.

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parismexi
parismexi

Cryptocurrency enthusiast and holder. Bitcoin to the moon.


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