Despite the recent spike in Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), the blockchain game Axie Infinity (AXS) has continued to crash regardless of Uptober trends.
Understandably, holders of AXS may be feeling a sense of bitterness as rival currencies go up and Axie Infinity continues to fall. Matters are made only worse as up-and-coming Big Eyes Coin (BIG) defeats all bear market odds and raises almost $9,000,000 early into its presale.
Axie Infinity Plummets 90% In 2022.
The famous play-to-earn blockchain game Axie Infinity could be on the edge of extinction if the market trends continue as they are. According to CoinMarketCap, in just the last month, the native token AXS fell by 27%.
Axie Infinity allows players to collect and mint unique NFTs that can be bred and battled against one another.
Overall, AXS has lost a whopping $8.9 billion of its market capitalization since its all-time peak in November 2021. From $9.77 billion to just a measly $867 million, market forecasters are reasonably alarmed about the survival of this pet-based NFT game.
The final nails in Axie Infinity’s coffin were the crash of its secondary crypto token, Smooth Love Potion (SLP), in February, the North Korean Lazarus Group hack that stole around $620 million, and the consensus that the games progression system was being used to exploit players in the Philippines.
What was initially deemed as a revolutionary blockchain project that had the potential to invite the wider population into the crypto realm, quickly became a flop, or at worst, a way to exploit those of lower economic standing.
Big Eyes Coin Raises Nearly $9,000,000 In Early Presale
As Axie Infinity (AXS) plummets, crypto enthusiasts are looking to Big Eyes Coin (BIG) to be the next cute and fun cartoon cryptocurrency pet replacement. Although not a play-to-earn game, Big Eyes is a defi community-based meme currency with its own assortment of competitions, NFTs and events.
The fundamental goal of this humble kitten is that they want to save the world’s ocean because it wants to continue to eat unpolluted fish. And who could blame them for wanting that?
With an environmentally themed NFT collection (available to purchase from the NFT Sushi Crew Marketplace), NFT events, a digital and physical merch store, and social media competitions with BIG token rewards, Big Eyes Coin will have a thriving ecosystem. Already the token has managed to garner over 54k Twitter followers.
After raising almost $9 million in its presale, time is running out to buy up BIG, the native token of Big Eyes. As each presale passes, the price of the token increases by an enormous 25%. For now, this has not put off any investors because the speed of the presale is not slowing down.
Only time will tell whether Big Eyes Coin will achieve Axie Infinity’s crowning glory. And even more importantly, whether it will maintain it. For now, if the success of the presale is anything to go by, Big Eyes Coin is aiming for the cryptocurrency throne.
Use the code BEYES790 for a BIG bonus.
For more information on the project:
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.