Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Axie Infinity (AXS) rocketed over 42,000% since its launch, making those lucky few who got in early a tremendous return. But Axie’s price has continued to fall recently following the global cryptocurrency market sell-off and an increase in competition in the metaverse gaming space.
As history has repeatedly shown, getting in early on a cryptocurrency, with strong functionality like Axie, can prove to be the most successful strategy for generating huge returns on investments. With the recent launch of Seesaw Protocol (SSW), a new crypto poised to take advantage of the growing NFT market, this could be the perfect opportunity to turn USD 1000 into significantly more.
The NFT gaming industry is not a new development that appeared out of nowhere. NFT-centric games have existed since 2017. The first game in this genre was Cryptokitties.
Axie Infinity and Cryptokittens became a popular topic overnight, and the former capitalised on the attention, rising above the competition. Currently, the game has a market capitalization of nearly USD 3 billion and has generated USD 1.1 billion in revenue. Axie Infinity has surpassed its competitors to become the market’s highest-grossing NFT game.
Using data from coinmarketcap.com, we can determine how much a USD 1000 investment could have returned to those who joined Axie Infinity from the start. If you invested in AXS when it launched you would have seen a 42,000% return on investment by the time it hit its all-time high in early November 2021. This would have turned USD 1000 into USD 420,000.
However, Axie Infinity has lost over 60% of its value in just 2 months and shows no signs of slowing down the fall. But this is a common theme amongst cryptocurrencies. They often begin with a huge boom only to see the bubble burst and the price crash in the long term.
With a new cryptocurrency called Seesaw Protocol (SSW) having just launched, investors have a chance to get in on the next big boom.
Seesaw Protocol will enable users to conduct multi-chain swaps using multiple solutions at the best possible rates. Unlike Axie Infinity, which is only on Ethereum, Seesaw Protocol will provide a truly multi-chain bridge, connecting Binance’s Smart Chain, Polygon (POLY), & Ethereum (ETH).
While AXS’s market capitalisation has increased significantly since its launch, this massive rate of increase won’t be sustainable moving forward. As mentioned previously the price has already fallen and the investors who made the most money were those who got into Axie Infinity very early on. AXS is unlikely to explode in the same fashion as it did last year.
Seesaw Protocol (SSW) has the potential to be a game-changer for DeFi projects. The gas fees on blockchains, particularly Ethereum (ETH), can be notoriously high at busy times. Seesaw Protocol can help holders find the lowest prices and most efficient transfers cross-chain.
One of the ways Seesaw Protocol’s team plans to build and enhance its crypto community is by adding a fee to each transaction. There is a 3% fee for each purchase of SSW and 5% for each sale. This is beneficial to SSW holders, as the 3% is redistributed amongst existing holders. The 5% sell fee is added as a liquidity pair with Binance Coin (BNB) on PancakeSwap. This could also help stabilise the crypto as it encourages people to buy and hold instead of sell, hopefully decreasing wild volatility.
As has been proven by the 42,000% increase in Axie Infinity from launch, investing in a cryptocurrency as early as possible can see massive profits on relatively small investments. New cryptos have made millionaires of early buyers. Seesaw Protocol (SSW) could be providing the opportunity for the next crypto craze.
For more information check out the following links!
Presale: https://presale.seesawprotocol.io/register
Website: https://seesawprotocol.io/
Telegram: https://t.me/SEESAWPROTOCOL
Twitter: https://twitter.com/SEESAWPROTOCOL
Instagram: https://www.instagram.com/seesaw.protocol
This news is republished from another source. You can check the original article here
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