The crypto market is now bullish, with investors speculating more price gains to come. However, Axie Infinity and The Sandbox continue their battle with downward trends in the crypto market. As a result, investors have been turning to the thriving Pomerdoge (POMD) ecosystem as it prepares for another rally.
- The number of players on Axie Infinity has decreased hitting its lowest level this year.
- Sandbox prices continue to struggle with no clear sign of recovery.
- Investors Turn to Pomerdoge ahead of a massive rally.
Axie Infinity Faces Challenges as Player Count Hits New Low
Axie Infinity (AXS) is one of the pioneers of the play-to-earn (P2E) gaming model. The Axie Infinity marketplace allows players to earn cryptocurrency through gameplay. The number of monthly players on Axie Infinity has dropped to its lowest point this year.
Data from activeplayer.io shows that compared to its peak of 2.70 million players in February 2022, it has fallen to under 500,000 players in August 2023. This represents a 19% decrease in the player count for the year.
The review period saw a decrease in transactions and revenue for the Axie Infinity token due to a low user base. Transactions also dropped by 11% compared to the previous month. The price of Axie Infinity has been bullish, increasing by 9%. As a result, AXS has increased to $4.6 in September.
The Sandbox (SAND) Bearish Trend Persist
The price of The Sandbox coin (SAND) cryptocurrency remains bearish. The SAND price is currently lower than its 50-day and 200-day EMA, indicating a downward trend. The Sandbox price dropped below a key support level of $0.3500 in the middle of August.
This led to a bearish sentiment and indicated a potential further decline. The Sandbox prices are trading within a range of $0.2746 to $0.3500, with buyers trying to prevent further declines. But there are no clear signs of a strong recovery for The Sandbox.
Pomerdoge’s Thriving Ecosystem Outshines The Sandbox
Pomerdoge (POMD) stands out with its rising value amidst bearish trends hitting other cryptos in the market. Since its introduction two months ago, the price of the Pomerdoge token, POMD, has increased by more than 165%. The token now trades at $0.0165 in presale.
In addition, the presale of the project has already raised over $4.9 million. Indicating strong interest from investors. The network’s upcoming play-to-earn game and thriving ecosystem have attracted both investors and game lovers alike.
The arena of the Pomerdoge is quite captivating as players will compete with avatars inspired by meme coins. With these avatars, they will compete against each other to win rare collectible items and digital assets. Additionally, a collection of 7,777 NFTs has just been launched by the team.
The NFTs are interesting as they each hold distinct features and functions within the game. The POMD token is currently in its presale phase and offers access to these NFTs. With a promising future, experts predict Pomerdoge could increase by 17 times by year-end.
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