• Axie Infinity (AXS) has pulled back by close to 20% from the highs it hit above $14 per token just a few days ago, but is still up around 90% this month.
• Investors are increasingly returning to the most speculative corners of the crypto investment space as risk appetite returns.
• Tokens presales, such as Meta Masters Guild, may offer investors the potential to secure 10x gains when they move from the presale stage to trading on exchanges later this year.
Recent days have seen the cryptocurrency market experience a notable revival as investors increasingly return to the most speculative corners of the crypto investment space as risk appetite returns. One such coin that has seen explosive gains this month is Axie Infinity (AXS), the cryptocurrency that powers one of Web3’s leading play-to-earn crypto games Axie Infinity.
AXS/USD hit a high of $14 per token just a few days ago, up around 90% this month, before pulling back by close to 20% and is now changing hands just below $11.50. This is the largest rebound that AXS has seen since the bear market began, with past bear market rallies having only seen trough-to-peak rebounds of around 70-80%.
As such, the latest rebound is being interpreted by some as more than just another bear market rebound and AXS isn’t the only altcoin to have seen notable gains this month. Thus, investors may be looking for alternative ways to secure 10x gains and one of the best potential ways might be via investing in token presales.
One such token that may offer investors the potential to secure 10x gains is Meta Masters Guild (MEMAG). The platform is an up-and-coming mobile-based web3 gaming ecosystem that is developing a host of fun and addictive games. These games will utilize non-fungible tokens (NFTs), allowing community members to earn rewards, as well as stake and trade. The platform hopes to in the future become the go-to destination for blockchain gaming, and is currently in its third stage of presales.
Investors need to remember to do their own research before investing in any token, especially ones in the presale stage as there is a greater risk associated with presales as the projects are yet to launch. However, if the rebound in altcoins continues, then investing in token presales may offer investors the potential to secure 10x gains.