Axie Infinity and Ethereum tumble while Pomerdoge rallies

Axie Infinity (AXS) and Ethereum (ETH) are struggling, while Pomerdoge (POMD) is firm in the ongoing presale.

Summary

  • Concerns raised by PNP ACG about Axie Infinity’s high costs and potential risks in the play-to-earn model.
  • Ethereum transaction fees drop due to layer-2 scaling solutions and proof-of-stake transition.
  • Pomerdoge offers a new P2E approach, integrating meme coin trends.

Axie Infinity challenges

The Filipino Anti-Cybercrime Group (PNP ACG) has warned about the risks of playing Axie Infinity, where players must purchase at least 3 Axie characters, which can cost up to $300 each. 

You might also like: Axie Infinity’s native token skyrockets while users drop to 26-month lows

The PNP ACG is concerned that the game’s P2E model may be exploitative and could force players to spend money on the game to earn rewards. Additionally, hacking and fraud have seen players lose digital assets.

AXS is down by 1.32% in the past week. In the last 24 hours, the token is down 0.26% but up by 0.22% in the past hour, trading at $4.85. 

Overall, the token is down by 97.07% from its all-time high of $165.37.

Ethereum gas fees declining

Ethereum gas fees are down thanks to the adoption of layer-2 scaling solutions and the shift to a proof-of-stake system. 

ETH prices remain below the $1,660 and $1,670 levels, and the coin is trading at $1,656 when writing.

The coin is down 1.52% in the past week. 

Pomerdoge offers a fresh approach

Axie Infinity and Ethereum tumble while Pomerdoge rallies - 1

Pomerdoge adds utility to gaming by integrating meme coins. POMD, its native token, powers the platform’s marketplace, where players can convert their in-game assets into tangible rewards. 

In Pomergame, players will engage in quests, collect rewards, and vie for battle prizes, in line with the platform’s P2E concept. 

You might also like: Pomerdoge rising on presale, outperforms Solana and Mantle

POMD is available for $0.0165 before its official launch. Presently, the project has raised over $4.8 million. 

Supporters are bullish; blockchain games, integrating non-fungible tokens (NFTs), generated $3.2 billion as revenue in 2022. This figure is projected to rise to $8.8 billion by 2028. 

Visit the links below for more information about Pomerdoge (POMD):

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

Read more: Polygon, Arbitrum, and Pomerdoge garner attention from analysts 

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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