A popular trader believes that one gaming project on Ethereum (ETH) will be the Axie Infinity (AXS) of this cycle.
In 2021, AXS was one of the best-performing coins, with a 174,900% return as the gaming altcoin rose from around $0.10 to $175.
Now household name trader Criptopaul tells his 107,600 followers on social media platform This is partly due to the support of several large, seasoned venture capital firms. .
Called merchant,
“We’ve added quite a bit of MAVIA here at $3.33. I talked about this game on my Twitter before its release, and I still think it is the best Web3 game in the cryptocurrency space, bringing the games and concepts of Web2 to Web3, which is one of the most adopted and talked about games by users and YouTube.
I believe it will be AXS The potential return on investment (ROI) for this cycle is 15-20x. Basically, we are backed by some of the top tier 1 funds/venture capitals in the space such as Binance Labs, Hashkey, Delphi Digital, Animoca Brands, Merit Circle, and Genblock.”
According to Criptopaul, from a short-term perspective, the $5 area may be the first resistance level that MAVIA needs to overcome.
“From a TA (technical analysis) perspective, I believe we’re going to see a $5 bounce very quickly, so we can take some profits and hold the rest. This big pullback crushed the market, but it also created this big opportunity.”
Cryptopol too Called He is predicting a sudden move in the Ethereum-to-Bitcoin pair (ETH/BTC), which is often used as an indicator of altcoin strength.
“People will be surprised by the ETH/BTC pump and altcoins.
-Many parts were omitted
-It will take a long time for trust in the market to be restored among retailers and users.
This may be the cause, and it is also the cause of the simple rule ‘when there is blood in the streets, buy it’, but it is too difficult for many people to apply.”
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