When Bitcoin swung from all-time highs in March, dipping below $53,000 in early July, altcoins suffered. To quantify, AXS, the native token of Axie Infinity — a play-to-earn (P2E) game on the Ronin sidechain that went viral in the last bull cycle of 2021 —tanked roughly 60%. The AXS price has never been the same again.
If anything, it may take a concerted effort from the team for the all-time highs to be reclaimed. The P2E scene is increasingly competitive, and there are more potent tokens from which to choose.
However, this is not to say AXS doesn’t stand a chance.
The team plans to reinvigorate its ecosystem.
AXS Price Analysis: Will Premier Bounty Board, Metamorph Drive Prices?
Starting yesterday, July 15, Axie Infinity launched the Premier Bounty Board.
The goal is to encourage more players to engage with the project’s platforms, including App.axie, Axie Classic, Origins, and Homeland.
The board will offer a combined reward pool of 25,000 AXS besides the Bounty Board.
The Premier Bounty Board is Coming to Lunacia!
We launched the Bounty Board in April to reward Lunacians for engagement in our digital nation.
Play-to-Rice 🍚 became an egalitarian way to earn AXS.
Today, we’re introducing a second Bounty Board.
Moar bounties, MOAR rewards!… pic.twitter.com/Rz6mXNqAhE
— Axie Infinity (@AxieInfinity) July 11, 2024
Additionally, Axie Infinity is releasing “Metamorph.” This feature further enhances the utility and value of collectibles.
Coinciding with this launch, AXS is inching higher, adding 20% from July 8.
The immediate resistance for the AXS price is around $6.5, but if there is a convincing close, the coin might fly to $8.5, a refreshing buy trend continuation.
Even so, the team plans to release 2.45 AXS as staking rewards. This supply problem might slow down bulls.
There’s also been a knock-on effect. The Ronin network, which is an EVM-compatible side chain built by the Mavis team for its games, is also up almost 20% overnight. However, some of Ronin’s growth this year has been due to the popularity of Mavis’ other game, Pixels.
Shiba Shoot Launches Presale: Over $673,000 Raised In Hours
While AXS shines, investors are also closely monitoring Shiba Shootout, a P2E game.
The ongoing Shiba Shoot presale has raised over $673,000.
Excitement is high because the game is already available on Google Play and the Apple Store.
Active gamers stand to earn SHIBASHOOT.
For those who don’t want to play to earn their tokens, the token can be bought for $0.0196.
Besides, investors can stake, receiving a 1,499% APY; which is attractive for passive investors.
Currently, over 22 million SHIBASHOOT have been staked.
Shiba Shoot supporters are convinced the game will be a success on launch.
In addition to the Lucky Lasso Lottery, token holders actively participate in governance and receive more rewards when they refer the project to other users.
Moreover, the project is secure, and SolidProof has audited its smart contracts.
On the other hand, for compliance, especially in the ongoing presale, Coinsult ensures independent verification, meaning the project is as legitimate and transparent as possible.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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