Market outperformers include GMX, NMR, and SLP, up by 19%, 17%, and 10%, respectively.Top stories of the day:OpenSea Monthly NFT Sales Fell Over 60% In Q3Celsius Network Co-founder Resigns Amid Bankruptcy ProceedingsDOGE Explodes 8% Daily on Musk-Twitter NewsAlgorand Foundation Announces Its Support for TrustFidelity’s Ethereum Index Fund Raises $5 Million In SalesElon Musk Agrees To Acquire Twitter With Initial $44 Billion To Avoid DisadvantageMarket movers:LUNA: $2.5278 (-0.90%)ETH: $1351.24 (-0.26%)BNB: $293.3 (-1.15%)XRP: $0.4979 (+3.21%)ADA: $0.4305 (-1.17%)SOL: $33.89 (-0.67%)DOGE: $0.0651 (+0.48%)MATIC: $0.8473 (+0.92%)DOT: $6.39 (-1.54%)SHIB: $0.00001139 (-1.04%)Top gainers on Binance:GMX/BUSD (+19%)NMR/BUSD (+17%)SLP/BUSD (+10%) As of 08:00 PM (UTC) today, BTC is trading at $20,134, down by -0.43%.Most major cryptocurrencies by market cap are trading mixed. It still enjoys a lot of popularity and has the potential to stage a comeback in the value of SLP.The global cryptocurrency market cap now stands at $0.96T, down by -0.23% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $19,727 and $20,468 over the past 24 hours. Axie Infinity is a huge game though and an early winner in the play-to-earn space. At $2/day in earnings, that might not be as easy as it used to be. Another is that you may need to pay a manager or spend your own time finding and managing players. Sometimes they “nerf” certain classes of Axies, effectively destroying their value. A 100% return on your money in about 5 months is not a bad deal at all, but there are many ways that equation can be altered, usually not in your favor.Ī big one is just changes that the developers make to balance the game. That means it would take 150 days to recoup a $300 investment and at the end, you still own the Axies themselves. A little back-of-the-napkin math tells you that if a player earns 200 SLP/day and you have a 50/50 cut with the player, you’ll make 100 SLP or about $2/day at current SLP prices. A very low SLP price means it takes a long time to recover the initial price of the Axies. This is a topic for a whole article, but the short answer is “it depends on the price of SLP.” All the earnings are in SLP and at the time of this writing, it’s a little under $0.02 which is roughly 95% off its peak value. If you form a team out of floor Axies you likely won’t make much SLP and the abundance of these is what led Sky Mavis to start allowing users to burn their Axies in exchange for cosmetic upgrades. They are cheap because they generally have some flaw that makes them nearly useless for battle. The high prices of these Axies can also skew the overall average.Īt the other end of the spectrum, there are the very cheapest Axies, known as “floor Axies” which can be had for $30 or even less sometimes. High-end competitive Axies can be quite expensive, though not usually in the range of collectible Axies. Some Axies and team formations are much more desirable because they give players special abilities in battle through combinations. This activity is often about the current “metas” in the game. Most players are in the game to compete and earn SLP (Smooth Love Potion) and they want to buy Axies that can give them an edge. By volume, this type of participant comprises most of the market. These rare assets tend to cost a lot, which is one factor that skews the overall average price of an Axie.Ĭompetitors The other type of Axie buyer and seller is the competitors. This is similar to the larger NFT world where investors buy an NFT hoping that the value will rise over time and they can sell to make a profit. They may use their Axies in competitive gameplay, but they mainly care about their value as NFTs. One type is collectors and the other is competitors.Ĭollectors The collectors care primarily about the rarity and value of the Axies. ![]() There are really two distinct types of buyers and sellers within the marketplace. Here is a version that you can filter to see other trends in Axie pricing: ![]() However, that average is obviously very skewed by purchases of very rare Axies like Mystic Axies. The overall average price of an Axie in the past 24 hours is $0.00 Read on for critical info that will help you make an informed decision. ![]() However, there are a lot of nuances to understand before plunking down your hard-earned cash. How Much Does It Cost To Play Axie Infinity?Ī very general answer for how much it costs to play Axie Infinity right now is roughly $300 USD.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |