-->
bitcoin

Axie Infinity Announces Season 0 With High Expectations – Will It Raise AXS? Axie Infinity Announces Season 0 With High Expectations – Will It Raise AXS?

Axie Infinity‘s latest roadmap states that the start of Origin Season 0 marks entry into Phase 3. The negative heat in the last market was felt by Axie Infinity. Sky Mavis created the win-win game Axie Infinity. They recently announced Season 0, which will run for a month.

Axie Infinity

Axie Infinity Origin Season 0 Launch

With this launch, new upgrades for the renewed gaming experience in Axie will be welcomed. As a result, Axie Ecosystem’s native token AXS spiked on August 24. Despite the upbeat activity at AXS, concerns remain about the gaming industry in DeFi. After peaking in mid-2021, GameFi is still suffering from the start of the cryptocurrency bear market. In recent weeks, the number of new accounts per day has dropped below 100. This is far from the peak it reached in July and August of 2021.

AXS Price Plunges By 9.41%

According to CoinMarketCap, the AXS price is down 9.41% or trading at $13.39 as of this writing. AXS price has seen a spike due to the Origin Season 0 launch, but that was only a brief rally. Launching in mid-2021, GameFi has taken some serious hits since the start of this crypto winter.

Additionally, the expansion of Axie’s user base was blocked for this reason. But with the start of Season 0, the ecosystem is working harder to stay on track. Smooth Love Elixir (SLP) rewards have been added to Origin game time and have been completely removed from Classic based on Axie Infinity (v2). With the introduction of Season 0 on August 12, the user base of the protocol experienced tremendous growth, reaching 79.5k members.

RELATED : United States stocks lost $1.25 trillion in one day most than all crypto

Users have high expectations from the developers as the game will introduce a new arsenal. The local coin, AXS, was spotted climbing off the cliff. But market attitudes alone are to blame for any price change. The crypto market is currently struggling to maintain stability amid the current turmoil.

bitcoin

source : TradingView

Crypto total market cap of $946 billion on weekend chart

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

Check Also

Metaverse

SHIB Write Rate Up Nearly 408% with Community Stream of New Metaverse Hub

What's in this article1 165 million SHIB burned and destruction increased by 408%2 Burn “trillions …

Leave a Reply

Your email address will not be published.