What is Axie Infinity?Īxie Infinity (AXS) is an innovative blockchain-based game built on Ethereum that combines collectible characters and pieces of land to form a vibrant world. MCADE has launched on two leading crypto exchanges, Uniswap and BitMart, with a further Mexc entry in May, resulting in over 2x profit in 48 hours towards the end of April for early buyers. Metacade’s comprehensive play to earn (P2E) experience has been a hotbed of long-term investment activity, while the Axie Infinity price has been somewhat disappointing. The MCADE token presale attracted $16.4 million worth of funding during its eight stages, with most fundraising rounds selling out completely. In contrast, Metacade has been a favored long-term investment for GameFi enthusiasts in 2023. Furthermore, the Axie Infinity price is 95% down from its all-time high, which has led to fears over whether it can ever reclaim its previous price levels as a long-term investment. While crypto prices rose across the board at the beginning of 2023, the Axie Infinity price has remained stagnant.
In total, $600 million worth of user funds were lost. In March 2022, the Ronin Bridge was hacked in the most costly exploit to ever impact a crypto platform. The Axie Infinity price has fallen drastically following unsettling problems for the popular play to earn platform. Meanwhile, Metacade (MCADE) has become one of the most talked about projects of the year within the GameFi sector.īoth projects have potential, but which of them represents the best long-term investment opportunity ahead of a crypto bull market? Axie Infinity's price suffers while Metacade’s starts to soar While Axie Infinity (AXS) has been one of GameFi’s highest performing projects in recent years, the Axie Infinity price has declined significantly. One of the leading areas of blockchain development over recent years has been GameFi, and it remains a hub for long-term investment during 2023. Bear markets are the perfect opportunity to build a long-term investment portfolio in the crypto markets.
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