Axie Infinity (AXS) has increased by over 42,000% since its introduction, providing a fantastic return for those who bought in early. However, Axie’s price has lately continued to plummet as a result of the worldwide cryptocurrency market sell-off and increased competition in the metaverse gaming area. As history has often demonstrated, investing early in anything with good functionality, such as Axie, may be the most effective method for reaping massive returns.
With the recent debut of FIREPIN Token (FRPN), a new crypto set to capitalise on the burgeoning NFT sector, this might be the ideal time to transform $1000 into much more. The NFT gaming business is not a brand-new phenomenon that sprang out of nowhere. Since 2017, there have been NFT-centric games.
Cryptokitties was the first game in this genre. Axie Infinity (AXS) and Cryptokittens quickly became hot topics, and the former capitalised on the spotlight, soaring above the competition. The game now has a market valuation of approximately $3 billion and a revenue of $1.1 billion.
Axie Infinity (AXS) has overcome its competition to become the highest-grossing NFT game on the market. Using coinmarketcap.com statistics, we can calculate how much a $1000 investment may have returned to individuals that joined Axie Infinity (AXS) from the beginning.
If you invested in AXS at launch, you would have seen over a 40,000% return on investment (ROI) by the time it reached its all-time high in early November 2021. This would have increased the value of $1000 to $420,000. However, Axie Infinity (AXS) has lost a significant portion of its value in just two months, with only a recent increase. But this has been a theme amongst cryptocurrencies recently. They frequently begin with a massive boom, only to see the bubble collapse and prices plummet in the long run.
With the recent creation of a new cryptocurrency dubbed FIREPIN Token (FRPN), investors now have the opportunity to participate in the next major boom. FIREPIN Token (FRPN) will allow customers to execute multi-chain swaps at the best available prices by utilising numerous solutions. FIREPIN Token (FRPN), unlike Axie Infinity (AXS), will provide a true multi-chain bridge, linking Avalanche (AVAX), Binance Smart Chain (BSC), Solana (SOL), Polygon (MATIC), and Ethereum (ETH).
While AXS’s market capitalisation has expanded dramatically since its inception, this rapid rate of growth will not be sustainable in the long run. As previously stated, the price has already decreased, and the investors that bought in early on Axie Infinity (AXS) made the greatest money. AXS is unlikely to boom in the exact same way it did last year, as it now has a much more established market.
FIREPIN Token (FRPN) has the ability to revolutionise DeFi initiatives. The blockchain gas fees, particularly Ethereum (ETH), can be notoriously high at busy times. FIREPIN Token (FRPN) can assist holders in locating the lowest costs and most efficient cross-chain transfers. The FIREPIN Token (FRPN) team intends to create a dynamic Decentralised Autonomous Organisation (DAO), which will be a reserve currency for Metaverse initiatives with a game studio in the making that has a focus on virtual reality.
As has been proven by the over 40,000% increase in Axie Infinity (AXS) from launch, investing in a cryptocurrency as early as possible can see massive profits on relatively small investments. Early adopters of new cryptocurrencies have become billionaires. FIREPIN Token (FRPN) could be providing the opportunity for the next crypto craze.
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