Play-to-earn games (p2e) The Sandbox (SAND) and Axie Infinity (AXS) undoubtedly enjoyed during the p2e frenzy. Their SAND and AXIE tokens also skyrocketed during this period with crypto investors enjoying massive returns from their investment. These tokens are currently in the limelight once again with traders heavily trading them on platforms like eToro. However, that doesn’t necessarily mean you should jump in and go all in on these tokens. Read on to see why it is best to invest in other tokens like Snowfall Protocol (SNW) rather than The Sandbox (SAND) and Axie Infinity (AXS).
Sandbox (SAND) token is the native token of the decentralized virtual gaming platform. Built on Ethereum, The Sandbox (SAND) is the financial incentive for players on The Sandbox (SAND) platform as they can use the tokens to trade and swap them for other fungible and non-fungible tokens. Players also use Sandbox (SAND) to vote on governance decisions and run the affairs of the platform’s community. While there is no doubt that Sandbox (SAND) provides real utility to members of Sandbox’s community, it offers little or no value to members of the larger crypto community. Furthermore, Sandbox (SAND)s success heavily depends on the gaming community’s interest and with that interest declining, it is hard to see Sandbox (SAND) having much relevance in the future. The Play-to-earn craze in the crypto space ended a long time ago and it’s highly unlikely that we see such a run from these decentralized gaming platforms again. Therefore, investing in the Sandbox and its SAND token may not be the best investment option in 2023.
Axie Infinity (AXIE)
Like the Sandbox (SAND), Axie Infinity (AXS) is another decentralized virtual gaming platform on the Ethereum blockchain. The platform allows gamers to buy, breed, and trade fantasy creatures called Axie Infinity (AXS). Furthemore, Axie Infinity Shard (AXS) is the native token of Axie Infinity’s gaming ecosystem. Players can use the token to acquire in-game assets. AXS is also the governance token which allows holders to vote in the game’s development. AXS is currently priced at around $7.50, up 9.40% in the last 24 hours. Axie Infinity (AXS) also issues a second cryptocurrency called Small Love Portion (SLP). Players can earn SLP tokens by spending time in-game, defeating opponents and completing certain missions. The more you play, the more SLP tokens you earn. SLP is currently priced at around $0.002226, up %7 in the last 24 hours. These are undoubtedly positive signs for the Axie Infinity (AXS) network. However, crypto investors should be wary of going all in tokens like Axie Infinity (AXS) and SLP. These gaming tokens heavily rely on interest from the gaming community to succeed and provide no real utility outside the gaming platforms. It may be best to look into decentralized protocols like Snowfall Protocol which is solving key issues in the crypto space and providing added value with its SNW token.
Snowfall Protocol To The Moon
Snowfall Protocol (SNW) token is heading to the moon in a bear market! Snowfall Protocol and its SNW token have defied the force of the crypto space to achieve outstanding success in these current market conditions. Although the decentralized protocol is yet to launch, its Snowfall Protocol (SNW) token has seen over 400% gains since the first presale stage. Crypto Investors are reportedly going all in on the token because of its utility and value proposition. Snowfall Protocol (SNW) Cross-Chain bridge solves the issue of blockchain interoperability by allowing users to swap their crypto tokens and NFTs across EVM and non-EVM compatible blockchains. Furthermore, many experts have been impressed by Snowfall Protocol (SNW) impact in the crypto space and are tipping it to be the next big thing in the crypto space and possibly spark the next bull run. Snowfall Protocol (SNW) also provides staking and yielding opportunities to these investors.
Snowfall Protocol (SNW) already ran three presale stages for its SNW token, selling over 250 million SNW million tokens during this period. The fourth and final stage of the presale phase is currently ongoing and from past experiences, the tokens on sale are likely to sell out before the close date. So, sign up here and coup some SNW tokens while you still can!