Crypto gaming has seen explosive growth in the past couple of years. The pandemic-induced lockdowns served to increase the frenzy. Investors find crypto gaming platforms profitable.
With the winning combo of playing and earning, game-based cryptos like Axie Infinity (AXS) and Decentraland (MANA) have made big inroads in the market. But the downtrend in Axie Infinity (AXS) and Decentraland (MANA) reveals that the model is not as successful as predicted.
On the other hand, upcoming platforms like Uwerx show immense growth potential. Uwerx does not have the inherent risks found in the crypto gaming network. Here are the main reasons for the descent in Axie Infinity (AXS) and Decentraland (MANA) and the positive growth of Uwerx.
The Erratic Price Action of Axie Infinity (AXS) And Decentraland (MANA) In 2022
Axie Infinity (AXS) is a trading and battling game based on blockchain technology. AXS are non-fungible tokens (NFTs) that players can collect, raise, create, trade, and battle. Players get to earn tokens at every stage of their gameplay.
As a pioneer of the Play-to-Earn (P2E) model, the value of Axie Infinity (AXS)relies on its players. Axie Infinity (AXS) focuses on efficient data transfer and fast and error-free transactions. Priced at $8.76 with a volume of $52,806,575, Axie Infinity (AXS) has been showing a bearish trend.
Decentraland (MANA) is an Ethereum-based crypto gaming platform where users can buy, build, and earn virtual reality applications. Decentraland (MANA) allows users access to interactive applications, communication, and in-world payments. Gamers and investors find many applications for the platform.
Developed in 2016, Decentraland (MANA) was priced at $0.024 and gradually increased to $0.24 but soon dropped to previous lows. It reached $0.80 in 2020 and $1.56 in 2021. But 2022 saw Decentraland (MANA) declining in value. Its present value is $0.61 and the trading volume is $107,931,874.
The Future Outlook for Axie Infinity (AXS) And Decentraland (MANA)
As per crypto analysts, Axie Infinity (AXS) has behaved erratically with a downward trend. If the present pattern continues, it may increase in value. But, if the trend reverses, it can fall below the existing level.
Decentraland (MANA), on the other hand, shows a bull run and is highly volatile. The present downward trend of the crypto coin does not look good for investors, though analysts predict an increase in its value in the future, but not as much as Uwerx.
The Dominance of Uwerx (WERX) In the Crypto Market
Uwerx is an innovative platform that will be built on the Polygon network. It is a freelancing-based platform predicted to become a dominant player when it is launched.
Uwerx promises enhanced security and trust. Users get to enjoy lower fees and robust protection of their creations. Transparency in records is guaranteed with the blockchain-based storage solution that Uwerx offers. Plus, its team renounced ownership of smart contracts once the taxes diminished to zero.
Driving Factors Behind The Rise of Uwerx (WERX)
Many factors contribute to the explosive growth potential of Uwerx. They include:
- Faster transactions, lower fees, and robust security are the main features of the platform
- It has a higher probability of becoming a blue-chip crypto platform used by millions globally.
- Uwerx has the essential structure to withstand the volatile crypto market and a high growth potential
- Its liquidity is locked for 25 years after the presale ends, and it is audited by InterFi Network and SolidProof well before its launch.
- Contract ownership will be renounced by the owners.
- Integration of popular tools such as Slack, Trello and Asana.
- Gamification and incentive based rewards to enable users to earn more.
Final Thoughts
While crypto gaming platforms lure players and investors with decentralization, faster transactions, and lower fees, the declining value of Axie Infinity (AXS) and Decentraland (MANA) show the risks involved. While their future outlook is promising, it is not as good as Uwerx. Moreover, as per crypto experts, Uwerx is expected to increase by 8,500%. To get in on the action, at the low presale price of an Uwerx token going at $0.0065, follow the links shown below and participate to enjoy a 25% bonus on your investment:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/