Popular crypto channel Coin Bureau has analyzed whether online video game Axie Infinity (AXS) can make more profits after hitting dazzling highs this year. In a new video, the analyst says that play-to-win (P2E), which also hosts the NFT market, currently dominates the P2E space.
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AXS is 25% this year. It rose by more than 320 from $0.53 on Jan. 1 to its current price of $133. Even after this surprising rise of AXS, the analyst thinks that there is more fuel left in the coin’s tank for bullishness.
Guy also talks about the impact of Axie’s vetting program, which refers to how a project locks and releases tokens to ensure long-term viability.
Guy concludes his analysis by saying that the continued popularity of the game means that the price of AXS is likely to rise, despite any selling pressure from profit takers.