Axie Infinity (AXS) vs Seesaw Protocol (SSW) - Which Will Turn Your USD 1000 Into More?
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Axie Infinity (AXS) rocketed over 42,000% since its launch, making those lucky few who got in early a tremendous return. But Axie's price has continued to fall recently following the global cryptocurrency market sell-off and an increase in competition in the metaverse gaming space.
As history has repeatedly shown, getting in early on a cryptocurrency, with strong functionality like Axie, can prove to be the most successful strategy for generating huge returns on investments. With the recent launch of Seesaw Protocol (SSW), a new crypto poised to take advantage of the growing NFT market, this could be the perfect opportunity to turn USD 1000 into significantly more.
The NFT gaming industry is not a new development that appeared out of nowhere. NFT-centric games have existed since 2017. The first game in this genre was Cryptokitties.
Axie Infinity and Cryptokittens became a popular topic overnight, and the former capitalised on the attention, rising above the competition. Currently, the game has a market capitalization of nearly USD 3 billion and has generated USD 1.1 billion in revenue. Axie Infinity has surpassed its competitors to become the market's highest-grossing NFT game.
Using data from coinmarketcap.com, we can determine how much a USD 1000 investment could have returned to those who joined Axie Infinity from the start. If you invested in AXS when it launched you would have seen a 42,000% return on investment by the time it hit its all-time high in early November 2021. This would have turned USD 1000 into USD 420,000.
However, Axie Infinity has lost over 60% of its value in just 2 months and shows no signs of slowing down the fall.
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