Despite the latest updates released by the developers of Axie Infinity and Plant vs Undead, their tokens have failed to have the bullish takeoff that many players are expecting.
SLP has done nothing but plummet after the last announcement they made last November 04 about the sale of the lands, a day in which SLP increased almost 100% from $0.074 to $0.13 to the joy of the whole community.
However, the next day SLP lost almost everything it had gained, returning to $0.070 due to massive sales by players.
PVU, on the other hand, has failed to touch $0.50 again since last November 15. It is currently hovering around $0.14 despite the announcement of the long-awaited release of Farm 3.0 on December 31.
Today, the developers of Plant vs Undead informed through their official Twitter account, that they had once again made mistakes, causing many users to report bugs that once again bothered the community.
The cryptomarket is under correction
The fall of SLP and PVU tokens is largely due to the correction that crypto market is having, driven by Bitcoin, which is the mother cryptocurrency that moves the market.
That’s why as long as Bitcoin doesn’t slow down its correction, the overall crypto market is going to continue falling despite the positive news released by some projects.
While we may not see a 100% daily candle in SLP over the next few days, most likely when the whole Axie Infinity metaverse thing blows up, we will see candles greater than 100% again.
For now, we just have to sit back and wait for the developers of both projects to focus on providing solid economics as they continue to grow in user adoption, remember that as adoption increases so does the demand for tokens.
What is the future of SLP and PVU?
Although the future of both games is uncertain, we have to keep in mind that this new wave of cryptogames that point towards the metaverse, are becoming a trend not only among the gaming community but also among big brands.
And that is going to make games like Axie Infinity, considered by many as the best cryptogame for its stability and development, regain their glory days. Something the Plant vs Undead community dreams of.
In addition, the entry of the big brands in the metaverse will surely boost the buying and selling of lands and internal trading within the game, helping the SLP token to resume the upward race it lost amid the wave of new cryptogames.
This year, games such as Axie Infinity and Plants vs Undead are likely to have a greater presence, standing out from the much awaited new titles such as The Sandbox and Illuvium, which are creating a lot of FOMO and expectation within the gaming community.
This article is merely informative and does not constitute a purchase or investment recommendation. We invite readers to do their due diligence before investing in NFTs or cryptocurrencies, as most of them are highly volatile.
Translation by Marco Tulio Lanz
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