Axie Infinity Unveils Season 0 With High Expectations – Will It Pull AXS Up?
August 27 2022 - 5:30AM
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The most recent roadmap of Axie Infinity states that the start of
Origin Season 0 signals the entry into Phase 3. The recent market
negative heat has been felt by Axie Infinity. Following the release
of the most recent news, the GameFi-based protocol has been rather
active in the Twitter conversation boxes. Sky Mavis created the
play-to-earn game Axie Infinity. They recently revealed Season 0,
which will last for one month. The launch will celebrate the
improved gaming environment of Axie Infinity. Related
Reading: Elrond Network Watch: Consider This Before Filling Up Your
Wallet With EGLD Launch Of Axie Infinity Origin Season 0 New
upgrades for the revamped gaming experience on Axie will be
welcomed with this launch. The fresh launch attracted traders’
attention on August 24 as AXS surged on the daily chart. As a
result, the Axie Ecosystem’s native token, AXS, had a spike on
August 24, giving the news a lot of traction among traders. Despite
the optimistic activity on AXS, worries regarding the gaming sector
in DeFi persist. After reaching its top in mid-2021, GameFi has
still been hurt by the start of the cryptocurrency bear market.
More so, the user statistics collected by Axie for this course
further reflects this. In recent weeks, the number of daily new
accounts has fallen to below 100. This is a far cry from the peak
it reached in July and August of 2021. AXS Price Plunges By 9.41%
According to CoinMarketCap, AXS price nosedived by 9.41% or trading
at $13.39 as of this writing. AXS price benefited with an uptick
due to the Origin Season 0 launch but it was just a short rally.
Despite a bull run in the Axie ecosystem, there remains some
skepticism in the DeFi gaming industry. After becoming active in
the middle of 2021, GameFi has suffered severe blows since the
start of this crypto winter. Additionally, the expansion of Axie’s
user base has been hampered by this. But with the introduction of
Season 0, the ecosystem is working harder to get back on course.
Smooth Love Potion (SLP) prizes were added to the Origin playtime
and completely removed from the Classic according to Axie Infinity
(v2). In addition, the users of SLP tokens can also construct
NFT Runes and Charms as well as Moon Shards on Ronin, which the
players will also have access to. Related Reading: Want to Hodl
USDC? Check These Indicators First To Ease Doubt Despite Axie
Infinity’s inability to attract new players, loyal players continue
to support the system. After Season 0’s introduction on August 12,
the protocol’s user base experienced a tremendous growth, reaching
79.5K members. Users have great expectations of the developers as
the game will introduce a new armory. AXS, the local token, was
seen ascending the cliff. But market attitudes alone are to blame
for any price changes. The crypto market is currently making an
effort to stabilize amidst the current turmoil. There are now huge
hopes for the new armory that Axie is attempting to construct. With
the news’s dissemination, the attitude for the token has also
improved. However, the general market attitude, which is still
unstable, ultimately determines token movements. Crypto total
market cap at $946 billion on the weekend chart | Source:
TradingView.com Featured image from BSC News, Chart from
TradingView.com
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