only in 7 days from 08/06 for the first time stETH lost peg to 0.97 to 14/06 Celsius announced to stop depositing and withdrawing assets, during this period Alameda has continuously swapped about $88m from stETH -> ETH and transferred a huge amount of stablecoins to the FTX exchange \~1b Stablecoins include: 560m USDC, 235m USDT, 120m BUSD, Alameda also transferred a large amount of other tokens such as: AXS, LINK, FTM, FTT total value up to \~300m. So the question is: In less than 7 days and the market is very unstable, Alameda transferred a large number of assets to FTX for what?
The XLM hodlers have gone so deeply into hiding I honestly forgot about that token. I remember going to "war" with the people shilling it, both before and during the bullmarket. I've been wrong about a few things (AXS & MANA) but that definitely wasn't one of them. It still cracks me up thinking about the single week pump where their hopes and dreams were briefly validated before the coin returned to obscurity and then to this. To add insult to injury, in that same time period, XRP has been and is probably still a better investment LOL
I beg to differ. Although, yes. If you look at Ape Jpegs, they're definitely not the hype that would last permanently. However, like I mentioned, the opportunities gamers have now, they may have not had before. For example: 15k in prizes for Cometh battle that I mentioned in my comment above. Gaming opportunities with SAND. The hype that AXS created. The thousands of people that have made millions with NFTs. A lot has been accomplished. Whether that was in a good direction or not has yet to be determined, but I wouldn't undermine the achievements that have already been seen.
Just let them get it out of their system. I wouldn't bother argue, cause it's a waste of time. As always just do the opposite of what you're told to do in here (in this case just hold or buy more ONE). At least that's what i'm doing. Funny thing!? AXS was also hacked for 600m a couple of months ago, but yesterday the developers fixed the hacking, AXS is 20% up and they'll even refund their holders for their loses from what i read. So ONE will probably behave likewise some point in the future
Sounds similar to Cometh? Selling and trading the collectible cards to other players. Also, P2Es are a good source of passive income, especially for gamers. That's why projects like SAND, MANA, MUST, AXS are doing do well
I don't know about that buddy. What about NFTs in real estate? Seems big to me. Not to mention in the health care department. Birth certificates, medical records. If NFTs are utilized appropriately, they have a lot more use cases than just jpegs, p2es like AXS etc. Take IXS as an example. The fractionalized NFTs are affordable. FUFU's quizzes are beneficial to users and MUST's battle mode is just... fun. There's more to it than shitcoins and scams.
>If I had bought bitcoin at 1$, or if I had bought into AXS before it pumps, or if I had sold at ATH every time.. Why you bringing up stuff from long ago? This post was about the current price action. The OP of this post said this is a tiny rally and I disagreed. Anyone who bought 24 hours ago is 10-20% up on that buy and can take decent profits now. All the people taking profits wouldn't call that a tiny rally.
Yeah but with "if" then everything becomes easy.. If I had bought bitcoin at 1$, or if I had bought into AXS before it pumps, or if I had sold at ATH every time.. There are people who bought at 40K, then at 30K, then at 20K, etc. Not everybody is scared to buy, but I find it pretty easy to say "you could have bought at 18K and be in profit now" yeah sure it is always easy to say that after price movement.
I like decentralization and web3. Too many crypto projects are centralized in disguise which defeats the true purpose of crypto which is to challenge the failed financial systems in place. You'll see this often when a coin claims they're decentralized but had an ICO which allocated a lot of tokens for a 1/10 of the price when it starts trading, already giving an unfair advantage to small-time retail investors not to mention huge dev wallets that can be unlocked whenever they want. Sometimes, it will be put to a vote (to prove that they are decentralized) but a huge holding from an unknown wallet will dominate the voting process in their favor. It was already rigged from the get-go. And then web3, we all know that data privacy, owning your data, and transparency is plaguing web2. Pushing for web3 will give more power to users instead of the creators. Personally, this is not meant to shill, but I'm fully invested in Telos because they didn't have an ICO so the majority of the coins are with the community (no VC can fuck them unlike what happened to AXS-Merit Circle DAO) and they have carbon-neutral projects and developer tool kits for web3. Of course, DYOR/TAYOR.
This is true. But not really. I know gamer friends that hate AXS and SAND or even MANA. But some that love ones like Cometh battle. It depends on which one to be honest. Even FUFU has good ones, great for users that want to see actual benefit. And it also depends on whether the game is focused on "earning" or actually for fun.
>If you keep your tickets on Ticketmaster then you’re SOL Kind of like how the people that used Celsius as their exchange are SOL I understand how wallets work, but there’s going to have to be a marketplace for you to view what NFT tickets are available and then on top of that you have your wallet which actually holds the ticket. Just seems cumbersome versus a fully integrated app like Ticketmaster or AXS
Do you think investing in a P2E during a bear market is a good idea? I have personally invested in AXS, SAND and most recently MUST and FUFU, former for Cometh battle and latter for the quizzes. But since the market has been consistently crashing, I'm only DCAing in BTC and ETH.
I'm still waiting to see the new BTC range. For now it seems to be $23k-$24k but it hasn't even been one day yet, too early to call that to be the new range. Regardless, my list of coins to monitor for short entries would still be GMT. I'm thinking of removing AXS out of that list because of big game updates end of the month; might cause a pump that'll mess with my shorts if I end up having any. Also considering adding FTM only because it seems to dip more than average during dumps, even relative to other alts. But honestly I don't even know much about the project to be overall bearish on it long-term like GMT 😂
I try to keep a balance, we still need to live meanwhile lol But happy I just added more today - got ETH at $1500 and some CTSI too and thrown in staking! I’m thinking at getting some AXS as well - that APY looks way too good on Binance Earn and we can compound pretty often (and not paying the ETH on-chain fees). Anyway, just set a monthly budget for crypto and stick to it… and if you have even more and prices are slaughtered like today - well, the more the merrier!
TLDR: “Polymath and Metal led a tedious week that saw the Solana protocol falter yet again. Along with SOL, the struggling AXS token leads several others in a dispirited market.” Dispirited market, I’d say that is accurate. We are all waiting for green movement.
This! LUNA 2.0 investors are wild for giving back money to the person that drowned their money to make more money??? Lol. Also, BSV. The creator seems shady. Not to mention (and this may sound controversial) but a lot of P2Es like AXS. Not particularly because of their utility, but because of their focus on earning through gaming more than the actual game. Like I know there are other P2Es like SAND and MANA that are the same, but there are ones like MUST battle mode and FUFU's quizzes that do allow more enjoyment and player benefits. But that's completely personal. So I'd stick to LUNA 2.0 and BSV being all talk no show.
Leading the gains are Decentraland (MANA) up 41%, Sandbox (SAND) up 470%, Axie Infinity (AXS) up 511%, and STEPN (GMT) up 746% according to data from the May 2022 market report by Kraken Intelligence and CoinGecko. Metaverse tokens can be used to pay fees, buy land, and participate in governance. I think these are long term gains. Nothing has mooned
Exactly. I've tried AXS, SAND and even MANA when they were shilled hardcore a few months ago. All of this is focused more on earning. It sucks for actual gamers who want to have fun playing or enjoy themselves. I think MUST has battle mode that's more competitive and more focused on the fun aspect rather than the earning aspect, but that's about it. Last year sometime people were spurring on the idea of GTA and Need for speed etc as P2Es or NFT gaming and at first I thought that would be pretty cool but at the rate this is going, it would honestly just ruin the vibes of our youth and the memories attached to those games.
I think the one that already have a game out like AXS are fine, but the one with no actual products yeah fuck them, you don't even know if the project will end up being an actual game, and it's veylry unlikely if you look at the history of crowd funded games on kickstarter or indiegogo...
tldr; Axie Infinity (AXS) price dropped sharply on June 1, suggesting that its gains in the last two days might have been a part of a bear market rally. The AXS/USD pair soared 54% week-to-date to over $28 on May 31, its highest level in three weeks. If the pullback continues, AXS risks retesting its previous support line near $18. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
You may overestimated my knowledge of crypto space😂 but thank you. I have full time job, not that much time to fallow all the news and honestly sometimes I’m fed up with all the influencers trying to create fake HYPE and when shit hits the fan they act like nothing happened and ignore whole thing. I was never invested in AXS, was thinking to start playing at some point, because I’m 42yo baby😂 but prices of Axis were ridiculous and there was not guarantee to go out even, so nah. But this is ridiculous😱 have devs frozen people assets because they could do that or US gov blocked people out?
Not sure about the other P2E but Axie Infinity seems more concerned about their SLP and AXS tokens price than NFTS sales. Most Axie Infinity players care more about buying and selling those two tokens, than NFT sales. This video does a good summary about why Axie Infinity is unsustainable; [https://www.youtube.com/watch?v=JggvkjCLsHI&t=773s](https://www.youtube.com/watch?v=JggvkjCLsHI&t=773s) Anyhow at this point, I don't think any blockchain out now can handle a complex P2E game. That's why the current ones are so simplistic. We're only going start to see good P2E games when the blockchain infrastructure has scaled enough to support them.
Is MATIC available in your region? I know they have MUST on their blockchain, in terms of P2E. Apparently you use spaceship NFTs to mine other NFTs and crypto. I only vaguely of AXS, haven't really been much of a gamer.
aside from coins outside top 100 that gained a bit of notoriety? I think ICP will die I also have a feeling that AXS will die majority of the players are from the Philippines, and I think we will lose interest with AXS (maybe crypto as a whole) once BTC floors (along with the the majority of crypto) 'possible' tax policies from the incoming admin will further dissuade interest in crypto (increased tax on everything, and adding crypto taxes)
I disagree. A bleeding market does not change the fundamentals of a coin. If the project is developing and you like what you see, why would you sell? Look at AXS holders. Coin went dead for an entire year at 0.05 cent, then immediately shot up to 100 dollars within months. Imagine being the guy that lost patience and pulled out just before that point. Your alt might be sleeping or dying, but that does not negate fundamentals. Stop using your alt to chase pumps and hold it because you actually god forbid, believe in its use case
From what I understand you earn GST, you don't earn the money. GST is used to repair shoes and for other in-game stuff. I guess while GST has value you will make some money back. GST has an infinite supply, much like SLP is for AXS. My guess is that as long as the playerbase increases people will make money, especially the early ones. Once the playerbase stagnates and drops then there will be major diminishing returns.
tldr; Several gaming- and NFT-adjacent cryptocurrencies including The Sandbox (SAND), Axie Infinity (AXS), Decentraland (MANA), and Gala (GALA) have suffered heavy losses in the past 24 hours. The primary driver behind today's price action is likely the drop in NFT trading volume over the past week. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Up 3-4% on my AXS short (finally). I'll close it now only because it has leverage and I'm about to sleep soon. I'm not comfortable leaving a leveraged position open while I sleep, and considering BTC's close to the usual $28k+ support 😂
Of course the market likes to screw with me lmao Tbf, BTC is at $30.4k. It still hasn't broken the usual resistance of $30-$31k, so there's still a chance of being rejected. But looking at AXS specifically (the alt I decided to short), it is up around 7% since my entry point for the short Few hours till US market opens. They need to dump, or else I'm rekt 😂😂😂
I think the Axie (SLP, RON, AXS) community is wack; Most of the influencers in the space will be like "axie is dead!" One video then the next "how I became a millionaire with axie" then "I'm officially retiring from axie. Then the next tweet will be "I'm out of retirement to play the game I love." I like the racencoin community. I have to agree with some of y'all about safemoon though. I liked yooshi community, but it's pretty quiet these days. Doge is stoners, dog lovers, and military if you look deep enough so they are alright. I think Monero will win out in the end. I hope BitPay becomes the facilitator for Bitcoin transactions on a global scale. Getting side-tracked. Yeah. Probably RON holders. Probably salty from all the impermanent losses and now the TANKING of Ron from $4.00 to $0.49
AXS. I'm basing my price prediction on BTC (which I expect to dump again since we just touched $30-$31k, if the recent pattern still holds), so I want to avoid relatively unknown microcaps that can defy BTC's movement from time to time.
tldr; Coinbase recommended AXS over BTC two weeks after its Ronin Bridge suffered a $625 million hack. The average loss against BTC for these DeFi tokens is -61.6% against BTC since being listed on the exchange. "Coinbase and its backers should be utterly ashamed of themselves for engaging in this type of bucket shop activity." *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
The devaluation of the token will be more like AXS/SLP. At ATH nfts for the game were going for $500 or so because people were able to farm $20 USD a day at the peak when SLP was at ATH. STEPN works the same way, in which you need to get an NFT to take part, then you use that NFT to make your ROI back. Until you need to spend more to replenish that NFT or get a new one so you can keep going with the grind. The only concept that I see different than axie would be the fact that you need to repair or buy new shoes. There isn't "maintenance" of axies and therefore it doesn't add a new burning mechanism for the SLP token. The GMT/GST might bleed slower if there are enough burning mechanism, but as the market gets saturated with shoes, the prices will drop, like it happened w/ axies.
I'm a little tempted to just sell of part of it and chuck it into a short on AXS since that game is dying, and has been dying, for a long time so I dont see it ever 2Xing from here. the $10 I threw into LUNA was profit I took from shorting it when it went down so it's just easy-come easy-go money to me anyway. It's still all gambling though and I'm not usually much of a gambler. I dont like risking my own money but this is shits&giggles profit money so I'm on the fence.