Here's Why Experts Are Shifting From Axie Infinity to Love Hate Inu: Is This the Best Altcoin Investment?
The play-to-earn (P2E) gaming industry has recorded a significant growth trajectory over the past years.
The revolutionary sector has permeated gaming and crypto communities as enthusiasts continue to embrace the concept of earning cryptocurrencies or non-fungible tokens (NFTs) as rewards for completing in-game challenges.
One such project that embeds these mechanics is Axie Infinity ($AXS), an immersive metaverse gaming ecosystem that enables individuals to access cute monsters called "Axies."
The P2E platform is gradually losing its structure as the drastic fall of in-game traction has impacted the value of $AXS, its native token, which is down to 95.44%.
This development has triggered a spate of blockchain projects to provide investors with a sophisticated utility and value-driven pathway.
One such project is Love Hate Inu ($LHINU), an emerging crypto asset that integrates industry-leading utilities and mechanisms, propelling its longevity and potential gains.
Chalked up as the latest blockchain failure, the roughly four-year-old GameFi crypto genre market for play-to-earn (P2E) tokens has been a dud for investors.
As detailed in the CoinMarketCap crypto economy report, the GameFi sector has been on a stagnant decline with no signals of a rebound.
The Axie Infinity ($AXS) has lost almost all of its price value since its debut, which may be unsurprising as immersive visuals and buzz with no intrinsic value don't last long in the crypto sphere.
To profit off Axie's gaming platform, members need new gamers to join and purchase in-game characters owned by pre-existing gamers.
When the flow of new gamers stalled, $AXS declined, which had a negative reading on players' earnings.
The P2E-powered game's popularity also clogged
Read more on cryptonews.com
