- Tram Ho
The wave of NFT games has caused fever around the world in recent times, with one of the most famous games being Axie Infinity from Vietnam. However, Axie Infinity had a very quick decline, making the dream of many gamers seem to have disappeared.
After just over 2 months, the profits of Axie Infinity gamers have dropped by nearly 90%. Specifically, the value of the SLP token (used to redeem in-game rewards) has lost 87% of its value, falling from a peak of $0.41 to just $0.0551.
Price chart of the SLP token for the past 3 months.
To participate in the game Axie Infinity, players will need to spend an initial capital of a few hundred dollars to own the first 3 pets. This amount can be up to several thousand USD, if you want to own a rare and stronger pet lineup.
However, when buying, players must use AXS coins. During the recent fever, the price of AXS coin has increased rapidly. That means players have to spend a larger amount of money to be able to buy pets and participate in the game.
The price of SLP token suddenly increased sharply yesterday.
After having the first pet squad, players will do missions, fight monsters and fight other players. The reward is SLP tokens, and this token can be put on crypto exchanges like Binance to sell for money.
When the SLP token is still priced at 0.41 USD, gamers can easily and quickly recover their capital, then continue to make profits. However, when the price of SLP tokens dropped by 90%, the profits of gamers also decreased greatly.
Gamers have more hope.
The dream of getting rich by playing games of many people around the world is suddenly in danger of disappearing. Even many gamers are still facing the situation of not being able to recover their investment.
But quite surprising when yesterday, the price of SLP token suddenly increased sharply by nearly 40%, and reached 0.08 USD. This upheaval makes Axie Infinity gamers rekindle their hope, that one day they will return to shore.
The crypto market also had a sharp drop earlier. Bitcoin fell 15%, from $48,000 to less than $40,000. After that, the market also started showing signs of recovery. So we can see that this market has very large and unpredictable fluctuations, which means very high risk.
Source : Genk