After the latest hack on Axie’s sidechain, cash might movement extra into SAND
-
Sandbox is among the fastest-growing play-to-earn gaming platforms, with rising adoption.
-
Axie Infinity is a play-to-earn gaming platform with crypto’s most costly NFT assortment.
-
Whereas each are good investments, AXS might underperform SAND after the Ronin community assault.
Sandbox SAND/USD is among the best-known play-to-earn gaming platforms at the moment. The recognition of Sandbox video games has been instrumental within the rise of SAND’s worth since 2021. Nevertheless, in addition to play-to-earn gaming, Sandbox has been venturing into different issues that might set off vital worth progress for SAND. For example, Sandbox has agreed with Warner Music that may see digital concert events happen contained in the Sandbox Metaverse. This, coupled with the rising curiosity within the Metaverse, makes SAND a doubtlessly good cryptocurrency to purchase in 2022.
On its half, Axie Infinity AXS/USD is an equally robust play-to-earn gaming platform. It’s the largest play-to-game platform globally and has an NFT assortment whose worth is second to none. As a consequence of its edge as a market chief, Axie Infinity is more likely to get much more well-liked as play-to-earn turns into extra vital within the gaming business.
Why SAND holds an edge over AXS
Whereas each SAND and AXS have robust prospects in the long term, SAND might outperform within the brief time period. This has loads to do with the negativity round Axie Infinity’s latest hack. A number of days in the past, it was revealed that Axie Infinity’s Ronin Community was attacked, and $600 million price of Ethereum was stolen. Since such occasions normally create market panic, AXS is more likely to rag behind SAND whilst bullish momentum returns to the market.
Abstract
Sandbox is a play-to-earn gaming platform that is among the fastest-growing within the Metaverse ecosystem. On its half, Axie Infinity is among the largest play-to-earn gaming platforms available in the market and has probably the most costly NFT collections in crypto. Whereas each will carry out effectively long-term, the latest assault on Axie Infinity’s Ronin community might see it underperform SAND within the brief time period.