Play-to-earn (P2E) gaming was one of the hottest businesses in the cryptocurrency market in 2021, and based on Yuga Labs and Bored Ape Yacht Club’s recent initiatives, the gaming industry might continue to be a winner in 2022.
Axie Infinity was the first game to gain broad notice and demonstrate the potential of what P2E had to offer, and it is still leading the way in 2022 as the protocol prepares for its next major launch.
According to TradingView data, the price of AXS has climbed 56.5% in the last ten days due to an increase in its 24-hour trading volume, which has raised AXS to a daily high of $69.82 on March 24.
Cointelegraph Markets Pro’s VORTECSTM data began to indicate a positive outlook for AXS on March 14, before to the latest price increase.
The VORTECSTM Score is an algorithmic assessment of past and present market circumstances based on a variety of data sources such as market mood, trading volume, recent price changes, and Twitter activity.
The VORTECSTM Score for AXS soared into the green on March 14 and reached a peak of 78 roughly 24 hours before the price proceeded to rise 52.32% over the next nine days.
The most major development happening that is helping to strengthen AXS’s forward perspective is the imminent release of Axie Infinity: Origin, which is planned in the coming weeks.
Origin is a “completely reimagined version of the popular Axie Battles game that everyone is familiar with,” according to a recent Delphi Digital report.
Origin will contain new game elements aimed to improve the overall player experience, such as free beginning Axies to attract new players, a reinvented plot that adds depth to the player experience, and active cards for the eye and ear body parts.
The upgrade will also include new in-game commodities such as runes and charms that will work as Axies’ power-ups and will require players to burn the platform’s native SLP token.
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