๐จ PEOPLE KEEP LOOKING AT $AXS LIKE IT'S 2021โฆ THAT'S THE WRONG WAY TO LOOK AT IT. ๐
$AXS is moving again.
๐ ~+15% today
๐ฐ Strong trading activity
๐ฎ But the bigger story is what's happening inside Axie Infinity.
Sky Mavis has been rebuilding the ecosystem around actual gameplay rather than simply printing rewards.
๐ฅ Terrariums V1.1 is live
๐ฅ bAXS is now part of the ecosystem
๐ฅ AXS has governance + staking utility
๐ฅ Axie has 11.3M Axies, ~1.95M owners and 32.8M transactions according to Sky Mavis' ecosystem figures.
And here's what makes today's move interesting:
AXS isn't starting from an all-time-high valuation.
It's still trading massively below its historical peak while the product is evolving.
The question isn't:
โ โCan AXS go back to 2021?โ
The better question is:
๐ Can renewed GameFi activity + new gameplay + Ronin growth create a completely new AXS cycle?
That's why I'm watching.
โ ๏ธ GameFi is highly competitive and adoption still has to prove itself.
But the product is actually changing.
That makes this move worth paying attention to. ๐ฅ
Not financial advice. DYOR.
$AXS is moving again.
๐ ~+15% today
๐ฐ Strong trading activity
๐ฎ But the bigger story is what's happening inside Axie Infinity.
Sky Mavis has been rebuilding the ecosystem around actual gameplay rather than simply printing rewards.
๐ฅ Terrariums V1.1 is live
๐ฅ bAXS is now part of the ecosystem
๐ฅ AXS has governance + staking utility
๐ฅ Axie has 11.3M Axies, ~1.95M owners and 32.8M transactions according to Sky Mavis' ecosystem figures.
And here's what makes today's move interesting:
AXS isn't starting from an all-time-high valuation.
It's still trading massively below its historical peak while the product is evolving.
The question isn't:
โ โCan AXS go back to 2021?โ
The better question is:
๐ Can renewed GameFi activity + new gameplay + Ronin growth create a completely new AXS cycle?
That's why I'm watching.
โ ๏ธ GameFi is highly competitive and adoption still has to prove itself.
But the product is actually changing.
That makes this move worth paying attention to. ๐ฅ
Not financial advice. DYOR.