This is not financial advise and only my experience in cryptocurrency.
Axie Infinity is a digital pet universe where you can fight, raise and trade creatures called Axies. At the time that I am writing this article, the token is currently priced at around $145.22 and has a market rank of #22. The maximum supply is 270,000,000.
Bear in mind that I am not an experienced investor but I do a lot of research before investing into a token. So I decided to invest around $7500 to acquire 50 Axies token. If I stake it on Binance for 30 days, I can earn around 110% return per year but for 30 days - this is equivalent to around 5 Axies (4.8). Assuming the price is still around $140 - That would be above $700 return in a month. Additionally it is also possible that the price of Axie rise a bit higher - well it may also fall.
I am still deciding whether I will stake or trade it when it gets higher. Then buy back again when the price falls. I am also planning to go and watch some videos on Youtube to see how to play and earn with Axie infinity. Not too sure if I want to play to earn - it seems a bit more risky to me. But still I just want to check out how the game works :)
I would be curious to know what are your thoughts about the Axie Infinity token and do you have any plans to buy it in the future? If you buy it, would you trade or stake? Do not hesitate to share your opinion :)
