Despite the recent price surge for Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE), blockchain game Axie Infinity (AXS) continues to crumble regardless of Uptober trends.
Understandably, holders of AXS may feel bitterness as rival currencies rise and Axie Infinity continues to fall. It only got worse as up-and-coming Big Eyes Coin (BIG) beat all bear market odds and raised nearly $9,000,000 in the early pre-sale.
Axie Infinity plummets 90% in 2022.
If market trends continue, the famous blockchain game Axie Infinity could be on the brink of extinction. In the last month alone, the native token AXS is down 27%, according to CoinMarketCap.
Axie Infinity allows players to collect and mint unique NFTs that can multiply and play against each other.
Overall, AXS has lost a whopping $8.9 billion in market capitalization since hitting an all-time high in November 2021. From $9.77 billion to a mere $867 million, market forecasters have legitimate concerns about the survival of this pet-based NFT game.
The final nail in Axie Infinity’s coffin was the February collapse of its secondary cryptocurrency token Smooth Love Potion (SLP), the theft of roughly $620 million by North Korean Lazarus Group hackers, and the use of a game progression system to exploit players in the Philippines.
Initially conceived as a revolutionary blockchain project with the potential to invite a wider population into the cryptocurrency space, it quickly failed, or at worst, a way to exploit people of lower economic status Way.
Big Eyes Coin Raises Nearly $9,000,000 in Early Presale
As Axie Infinity (AXS) plummets, crypto enthusiasts look forward to Big Eyes Coin (BIG) as the next cute and fun cartoon crypto pet alternative. Although Big Eyes is not a game to make money by playing, it is a meme currency based on the defi community with its own various contests, NFTs and events.
The fundamental goal of this humble kitten is that they want to save the world’s oceans because it wants to keep eating unpolluted fish. Who can blame them for wanting that?
With an eco-themed NFT collection (available from NFT Sushi Crew Marketplace), NFT events, a store for Crypto and physical goods, and a social media contest with BIG token rewards, Big Eyes Coin will have a thriving ecosystem. The coin has managed to attract over 54,000 Twitter followers.
After raising nearly $9 million in a pre-sale, time is running out to buy Big Eyes’ native token, BIG. With each pre-sale passed, the price of the token will increase by a massive 25%. For now, that’s not deterring any investors, as the pace of pre-sales isn’t slowing down.
Only time will tell if the Big Eyes Coin will achieve the crowning glory of Axie Infinity. More importantly, will it keep it. For now, if the success of the pre-sale is anything to go by, Big Eyes Coin is aiming for the crypto throne.
Get great rewards with code BEYES790.
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