• Home
  • Decentraland Outperforms Axie Infinity in VR Gaming Investments

Decentraland Outperforms Axie Infinity in VR Gaming Investments

The Essentials in Brief

In the world of virtual reality and gaming, Decentraland (MANA) and Axie Infinity (AXS) are two of the leading projects that have attracted a lot of attention in recent years. However, a recent investigation has shown that MANA is significantly ahead of AXS in terms of development activity, suggesting that it may enjoy stronger community support. But what does this mean for investors and followers of these projects?

Development Activity: A Key Indicator

Development activity is a crucial indicator of a project’s vitality and long-term potential. Higher development activity usually means that the project is actively introducing new features, solving issues, and overall less likely to be a scam. According to Santiment, Decentraland’s 30-day development activity was an impressive 168.33, compared to just 19 for Axie Infinity. This significant difference highlights the commitment and momentum behind MANA.

Price Action and Trading Volume

Although the price performance of MANA and AXS has been similar in recent months, a look at trading volume and other metrics shows that MANA consistently has a higher trading volume than AXS. This could be another indication that investor and user interest and confidence are stronger with Decentraland.

Investor Sentiment and Profitability

Investor sentiment is another crucial factor that can influence a project’s future prospects. The data shows that confidence in MANA is being strengthened, which is reflected, among other things, in the rising 90-day average coin age metric since the end of November. In contrast, the average coin age of AXS has been falling since the beginning of March. In addition, AXS’s MVRV ratio suggests that the asset could be slightly undervalued. Despite similar price developments, the on-chain metrics show that MANA and Decentraland currently have the upper hand.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

Our Assessment

Decentraland’s superior development activity, combined with a higher trading volume and more positive investor sentiment, suggests that MANA currently enjoys stronger community support. For investors interested in virtual worlds and gaming projects, Decentraland may be a more attractive option than Axie Infinity. However, it is important to monitor further developments and market conditions, as dynamics in the fast-paced world of cryptocurrencies can change quickly.

Sources: Santiment, AMBCrypto

Latest News

Created by

Before joining Kryptocasinos.com I've worked with some of the biggest brands in the iGaming industry. I currently lead the North American initiatives at KC, overseeing our reviews process for the US and Canada. In my leisure moments, you'll discover me immersed in the creation of avant-garde fractal art or engaging in culinary experiments as I invent new dishes.
Reviewed by
Nerd of Numbers

Last update: 25. September 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.