Axie Infinity (AXS) is a popular play-to-earn game also famous for one of the worst crashes in the crypto market. In this article we compare Axie Infinity and Smooth Love Potion (SLP), another in-game token in the Axie game universe to see which is the better investment for 2022.
In the last 8 months, the Axie ecosystem has suffered hacks and subsequent sell-offs, almost totally crashing the entire project.
In other news,, The Hideaways (HDWY) has given early supporters of the project a 100% gain in just 1 week, despite the bear market. Their presale is still ongoing and we take a look at whether you should invest
Axie (AXS) Down -79.00% From ATH
At the peak of the bull cycle, Axie (AXS) hit an all-time high of $166.09 and today the AXS price is $11.85 – a 12 month low. The AXS experienced a massive cyber attack that caused investment security concerns and it wasn’t long before crypto investors and traders sold off. This selling pressure caused the price to drop swiftly and the AXS price has struggled to recover since.
AXS is currently trading at $13.18, just above the 100 daily moving average and below the $13.88 resistance zone, leaving little chance of upside if you’re looking at investing.
Trading data from Binance shows more large sellers than buyers at a percentage of 4.16% to 2.84%. Again, not a favourable position if you’re asking if Axie is a good investment for 2022.
Looking at the fundamentals, AXS has no tangible news to support any bullish trend because of the market crash, AXS has been tagged as one of the worst crypto investments this year and it doesn’t look like recovering. Is Axie a good investment for 2023? We don’t think so – there are better options out there.
Smooth Love Potion (SLP) Down -95.80%
SLP is an in-game token in the Axie game ecosystem and just like its native token, has also lost value over time. Late last year, the SLP price was at an all-time high at $0.4248 before it took a huge fall and landed at an all-time low at $0.0306.
SLP is said to have crashed due to gamers selling off coins and converting them to cash rather than reinvesting them in the game.
The supply of the SLP token is based on users’ playing rate and breeding which ultimately determines the price of the token. The SLP price is down -95.80% and struggling to recover.
The SLP development team hasn’t impressed investors and the project has lost momentum. Is SLP a good investment? We don’t think so. The project has lost momentum and is lacking in ideas. Investors should consider cutting their losses before it’s too late.
Best crypto investment of 2023? The Hideaways (HDWY) Takes Top Spot
For most coins, the bear market is expected to last a while longer but not for The Hideaways.
Having smashed Phase 1 of its presale, the project is already in stage 2 of 3 and almost half of the presale tokens have now been sold.
Early investors were rewarded with 100% gains in just 1 week and demand has proved to be so strong that the price is expected to double in the next 2 weeks alone. If you invest now, this could be your bear market savior.
Why is The Hideaways the best investment of 2023? It’s because it’s a project that is delivering huge security as a project and combining this with incredible passive income generation for investors.
Security comes from the fact that the project has passed its audit by Solidproof and the fact that liquidity is locked. Team tokens are also locked. Investors have taken great security from this as the team behind The HIdeaways are determined to launch safely.
Passive income comes from rental income paid out monthly as USDT or ETH based on your ownership share of each NFT that is backed by a physical property. Investors will be able to double up on this passive income through staking rewards too.
A bonus? The VIP scheme. Limited numbers are available and the rewards are huge. Gold, Platinum and Diamond tiers are available from $10k, $20k and $50k investments and offer rewards such as an annual free holiday, luxury global concierge service that gives you access to first class lounges, discounted travel experiences, restaurant bookings and more. In addition to this, investors will have an annual free private jet flight and also access to exclusive property investment opportunities.
As The Hideaways (HDWY) number of investors continues to build, analysts expect it to deliver significantly more than the 100% gains already achieved. This is a project that is bridging crypto and real world investments and the potential is absolutely huge.
This could be the best investment of 2023. With only 50% of presale tokens left, it’s little wonder that investors are rushing to buy their HDWY tokens.
Check out The Hideaways now at:
Website: www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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