Before I start I would like to comment a little about my situation, I bought 3 axies at about $2000 USD when the SLP was at 0.31 (one of the worst times to buy).
This team consisted of a terminator, a beast and a plant .in those times there were 100 adventure SLP and the first month I earned about $1000 USD; but then ... the SLP fell, they cut the adventure SLP in half and nerfed many of the axies. in short, my team was devalued and I had to buy a fish to keep me between 1100 and 1300 cups. However, I have already recovered my investment and in view of the constant fall of the SLP, I have this question: Is it advisable to invest in axies at this time?
fundamental analysis
Well, this game was created by the Vietnamese company Sky Mavis, which started in March 2018. the economics of this game is led by Jeffrey Zirlin or "jo-hoz" as he is commonly known, an experienced gamer and Yale University economist, who has advocated many controversial but appropriate measures to take care of the ecosystem. Important news has been released these days, as the next release of the lands, that although we do not have the date is estimated to be in about 8 months, having a preview of it in the following months, creating a hype that has always benefited any investor of this game. It is also one of the leading games in number of sales on sites such as Dappradar or Playtoearn.
summarizing all this information, we can see a good future in the rise of AXS, SLP, and axies due to the next launching.
technical analysis
- SLP: Having its maximums on April 30 and June 12 of 0.35 USD during those 3 months and having an average value of less than 1 usd during all the years of creation, during these dates is going down and it is expected that this continues until the launch of next updates.
- AXS: The governance token has been rising steadily due to all the news from the market. staying at 4 USD for a couple of months since its launch and having an exponential growth that took it to 157 USD in the month of October, today it is around 100 USD and exponential growth is expected for the next months.
- Axies : The NFT of the game is the one that has suffered more changes in its value due to the number of sales during certain periods, one of the big factors in the drop of the price of axies is the drop of the SLP and the nerfings , finding axies at the moment in the market for about 80 USD.
In summary, if we see all this information and corroborate it, we will realize that there are many interesting ways to get good profits in the game in the future, either by buying axies to resell them during the release dates of the lands or by looting axs as this game hits big PUMPs due to HYPE and FOMO.
For my part, I will probably buy 5 more axies if the price reaches a minimum, one to increase the daily energy and increase my earnings by being able to make 20 more PVP and the other because if it hits a PUMP I can sell them in much more value.
Reminding you that this is only an opinion and not financial advice, I recommend you to check sites such as coinmarket cap, coingecko, dappradar or playtoearn to have the necessary tools to make any decision by your own hands.
thank you for reading the article and for your support.