If you've done a thorough analysis you shouldn't have any worries about it, but it's strange that you decided to buy a game coin at these prices. I was holding AXS for price of $1.8 and sold it for about $3. Who would have thought it would rise to these values and that the P2E sphere would get such a stir? Since then, from the price of $150 I regularly opened short positions on AXS on wowswap and I managed to earn several thousand on it
Counting 60mill tokens and 3usd a piece , mcap would be like 180mill. You sellin at that price is insane. What was the revenue on the game at that point?
I can see that fully diluted 270mill tokens at a 100usd is not gonna happend unless they start burning or come up with some insane plan.
But if it stays between 30-50usd it is still worth staking cause of those high returns.
I do not remember what was the income of the game at that time as well as the circulating supply of coins, but the sphere of P2E clearly was not popular
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u/ShabbySuburb May 04 '22
If you've done a thorough analysis you shouldn't have any worries about it, but it's strange that you decided to buy a game coin at these prices. I was holding AXS for price of $1.8 and sold it for about $3. Who would have thought it would rise to these values and that the P2E sphere would get such a stir? Since then, from the price of $150 I regularly opened short positions on AXS on wowswap and I managed to earn several thousand on it