An NFT Pet Game In The Philippines Becoming One Of The Biggest Earners In Crypto

While the current market situation is on the bearish side, NFT games are currently booming in popularity.  Axie Infinity is an NFT pet game that has increased its value twenty times over the last few months, becoming one of the biggest earners in crypto.

Axie Infinity has almost half a million daily players, beating protocol earning records and beating top cryptocurrencies Ethereum and Bitcoin. This phenomenon has taken the Philippines by storm, with the game’s user base made up of 60% of Filipino users.

Axie Infinity is still in the Alpha stage makes it’s huge success all the more surprising, and suggests that the game will gain further traction as it continues to grow. Currently standing as  the highest-grossing decentralized application (DApps) on record, Axie Infinity’s growth bucks the current market trends, which has seen an overall loss of $300 billion in overall market cap in the past month alone.

Crypto trader and analyst Van de Poppe believes that traders need to be very careful in how and when they choose to invest in this type of altcoin:

“The risk, or the downside, is significant with chasing a coin like this… This is way too overextended.”

He adds that AXS seems to be overbought, and traders risk a “potential heavy loss” if they choose to enter the market. But adds that AXS will “ultimately correct”.

Blockchain-based trading and battling games is just another example of the way the space is constantly innovating, and making way for new and exciting ventures.

▶️ HEADLINES