3 reasons why the Axie Infinity price will continue to drop and the Calvaria is already pumping in pre-sales

The Axie Infinity price has risen by about 2% in the past seven days. The current countermovement from the long-term downtrend is therefore cautious. For example, Dogecoin rose 45% last week, and the second most valuable cryptocurrency, Ethereum, also rose 20%.

The Axie Infinity price forecast reveals additional risks. Overall, AXS is currently trading around 95% below ATH and is struggling with a rapidly declining user base. Because fewer and fewer players are active on Axie Infinity (AXS) every month.

While AXS was still trading at around $165 on November 6 of last year, there was a massive sell-off afterwards. One AXS coin is currently worth $9.24. While around 2.7 million users played Axie Infinity back then, currently there are only around 500,000 per month. Undoubtedly, the play-2-earn trend promises continued excitement. Gaming is generally considered a future market that promises above-average growth. With crypto adoption on the rise, this is likely to apply even more to blockchain games. Nevertheless, Axie Infinity seems to have failed to establish a sustainable trend. Games come, games go – Axie Infinity (AXS) could correct further, although the last players prefer new games.

With Calvaria: Duels of Eternity, there is currently an exciting NFT trading card game where the original token is already in the presale. With a free application for smartphones, Calvaria also wants to attract non-crypto users – this can generate significantly stronger growth than with Axie Infinity.

Three reasons why Axie Infinity (AXS) is not making a sustained recovery

Since Axie Infinity’s all-time high, the price has fallen 95%. In addition to the current bearish sentiment in the overall market, this is also due to factors inherent in the P2E game. In a new bull run, AXS coin could recover but will likely lag the broader market. This fact was already revealed last week when the mood in the digital currency market improved. AXS price increased by around 2%, other coins like Ethereum by 10 times, although they did not correct that much from ATH before. We believe that a sustained recovery for Axie Infinity (AXS) is unlikely for the following three reasons.

1. Bearish chart image: Intact downtrend on Axie Infinity

The daily chart reveals an intact downtrend at Axie Infinity. AXS is currently consolidating at a low price level and trying to bottom out again. Recently, however, AXS left the established sideways range with downward sales pressure. The overall chart picture reveals strong bearish momentum.

This looks even more dramatic on the weekly chart. For the past eleven weeks, AXS has not been able to end a single week with a price increase.

2. The number of players continues to decrease: Axie Infinity is no longer attracting players

The Ronin Bridge hacking attack cost Axie Infinity (AXS) massive confidence earlier this year. The number of players has been decreasing since the beginning of the year. While more and more new players found Axie Infinity in 2021, the opposite is currently the case. The declining number of players is likely to make the Play-2-Earn concept increasingly unattractive due to falling prices in the game, so more and more players prefer new games. The website activeplayer.io reveals the drastic losses with the following graphic.

3. Strong inflation on Axie Infinity

The market cap of Axie Infinity (AXS) is currently around $965 million. By comparison, the fully diluted valuation is $2.5 billion. Again and again – most recently last week – tokens are unlocked by the founders and consultants, diluting the existing AXS holders.

Inflation is likely to remain high on Axie Infinity for the next several years. According to data from Messari, it is currently around 32%. As tokenomics thus causes hyperinflation, a sustained recovery at Axie Infinity is likely to be difficult.

Axie Infinity Price Forecast: Sideways movement is the preferred scenario

It is true that the number of players has fallen sharply in the medium term. Nevertheless, there has been an initial consolidation in recent months, which is admittedly at a low level. The RSI is heavily oversold at around 20 on a daily basis, which could indicate a small recovery. With an increasingly bullish crypto market, sideways movement is the preferred scenario, but it will underperform many altcoins. Ergo, according to our Axie Infinity price forecast, a purchase of AXS is not necessary.

If the entire crypto market is once again weighed down by macroeconomic developments, the AXS price may even start a sell-off to the bearish price target of $3.10.

Trade Axie Infinity (AXS) free of charge

That’s why Calvaria pumps are on sale: RIA better than AXS?

However, the declining interest in Axie Infinity (AXS) does not reflect the slower growth of play-2-earn games in general. As a result, investors in this segment continue to look for new coins that promise above-average growth.

Calvaria (RIA) started the official presale of the token for $0.01 on October 10th. In the coming weeks, 10 different presale phases will amount to 300 million RIA tokens, which again corresponds to 30% of the total supply. As prices are raised regularly, it pays to invest early. The total supply of Calvaria is limited to one billion RIA tokens, which means the inflation rate should be well below the level of AXS.

To Calvary

Here, investors have the opportunity to participate in a promising play-2-earn game right from the start. Not after the big pump (see AXS), but before a potential hype, you can buy the native RIA token at a discounted price in the presale.

In the case of the NFT trading card game from the fighting segment, future fantasy is also a result of targeted acquisition of non-crypto users. Because the people in charge at Calvaria rely on a mobile application for the smartphone, by means of which the players are made available for the Web3 game. The mobile app must repeatedly refer to the benefits of P2E gaming, for example by transparently showing what rewards one would have already received if P2E was used instead of Web2. Hopefully, more conventional players will gradually bet on the blockchain game Calvaria: Duels of Eternity.

Buy Calvaria in Presale here

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