Cryptheory – Just Crypto

Cryptocurrencies are our life! Get an Overview of Market News

AXS: 3,000 euros a year ago would be a million today

2 min read

Axie Infinity completed its ICO at the end of 2020. Those who invested back then can make big profits today.

Axie Infinity (AXS)

The cryptocurrency market is without question one of the most volatile investment classes there is. At the same time, however, it is also one of the most lucrative. With a good strategy and a bit of luck, investors in the crypto market can expect considerable profits. Every bull run and almost every year there are new chances to strike a lucky find. And to get so rich, even with little effort. One of these possibilities was there last year with Axie Infinity, whose ICO did not take place until the end of 2020. If you had invested 3,000 US dollars at 0.12 US dollars immediately afterwards, you could have acquired 25,000 AXS tokens. On August 6, 2021, the price of AXS is 43.55 US dollars, so the 25,000 AXS would now be worth over one million US dollars – more precisely: 1,088,750 USD. An impressive price increase of over 33,000 percent.

AXS: 3,000 euros a year ago would be a million today

$ 800,000 for an Axie

What’s behind the project? Axie Infinity (AXS) is a computer game that is based on the ETH blockchain. Similar to Pokémon Go, you can collect monsters at Axie Infinity, appropriately named Axies. Thanks to DLT, each of these monsters is unique and cannot be replicated at will. There are around 3.4 million of these monsters in total. However, at the time of writing, there are only 120,000 Axies up for sale.

In November 2020, a particularly rare Axie was sold for 300 ETH (around 800,000 US dollars) acted. So if you got one of these Axies through luck (or a premonition), you could fulfill your dream of becoming a millionaire with just that. In addition to the monsters themselves, you can also trade digital items such as plants, lamps and even land. At the time of writing, the cheapest digital piece of land is priced at $ 12,224 (4.4 ETH). In comparison to the more expensive plots of land, it is practically a gift: the record for a piece of land sold is currently over 1.5 million U.S. dollar.

The success of Axie Infitiny, however, was far from certain. So you shouldn’t get angry if you didn’t invest in the DLT monsters back then. At the time of the ICO, it took a lot of courage to put your hard-earned money into the project. Today’s courses were probably unimaginable for most. In the past month alone, the AXS rate rose 296.31 percent.

What is Axie infinity and how to earn

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.
BlackRock (IBIT), the Grayscale Bitcoin Trust (GBTC), Fidelity (FBTC), Ark Invest/21Shares (ARKB), Bitwise (BITB), Franklin (EZBC), Invesco/Galaxy (BTCO), VanEck (HODL), Valkyrie (BRRR), WisdomTree (BTCW), Hashdex (DEFI)

Leave a Reply

Your email address will not be published. Required fields are marked *