Last week was pretty catastrophic for Axie Infinity (AXS), the token fueling the innovative web3 play-to-earn (P2E) gaming ecosystem. Witnessing a staggering plunge, AXS nosedived by over 30% from its comfortable $7.6 per token territory to fresh near two-year lows below $5 per token, sending shockwaves through its dedicated community.
The primary trigger for this significant drop can be attributed to the actions taken by the US Securities and Exchange Commission (SEC). In addition, the SEC declared that AXS, along with several other prominent cryptocurrencies, is to be classified as a security. While AXS struggles to stay afloat, investors are searching for the best alternatives. We’ll include them in this guide, so let’s begin!
The Best 8 AXS Alternatives
Whatever happens in the crypto market has an immense effect on all the cryptos. The news that the US Securities and Exchange Commission (SEC) decided to file a lawsuit against Binance for redirecting a pretty large sum of money that goes well beyond $12 billion couldn’t go unnoticed.
SEC also listed AXS as security, meaning that it must comply with the rules for reporting and registration of the Securities and Exchange Commission. The price of AXS might face a zero-price scenario, so until the situation unfolds further, these are the cryptos that are the best investments now:
Here is why you should focus on these cryptos now!
Wall Street Memes (WSM) – The most popular meme coin
Wall Street Memes (WSM) has emerged as a standout cryptocurrency, capturing the interest of investors in the midst of the recent crypto market downturn.
As attention shifts from Axie Infinity, WSM has attracted significant attention and is generating excitement within the community. The ongoing presale for WSM has already achieved impressive results, indicating strong initial support for this new meme coin.
Crypto enthusiasts are closely watching the project, so secure your portion in time!
AiDoge ($AI) – The meme generator poised to succeed
With its innovative use of AI, AiDoge introduces an unrivaled meme generator that promises endless entertainment alongside substantial rewards. By empowering meme creators and providing a platform for their creativity to flourish, AiDoge aims to bring recognition and incentives to this creative community.
As the highly anticipated Initial Exchange Offering (IEO) draws near, a limited quantity of $AI tokens remains available for those looking to secure their portion before the value of these tokens pumps – join them before time runs out!
DeeLance (DLANCE) – A crypto that opens the door to decentralized Web3 technology
DeeLance is a freelancing and recruitment platform that embraces the blockchain and the potential of decentralized Web3 technology. With a commitment to transforming the freelancing landscape, DeeLance introduces an innovative approach to how freelancers connect with potential clients, enabling collaborative success.
By offering intuitive services and tools, DeeLance streamlines the job application process, empowering freelancers to apply for opportunities within minutes without any complicated steps. Dive in if you want to use them to make progress in your career!
Ecoterra (ECOTERRA) – The best green crypto promoting recycling
Ecoterra is a new exciting project committed to promoting recycling and incentivizing users for their consistent efforts in building a sustainable future. Investors residing in countries with Reversed Vending Machines (RVMs) have the opportunity to participate in this recycling revolution.
By utilizing the Ecoterra app to scan the receipt for recycled items, users can earn valuable $ECOTERRA tokens, allowing them to contribute to environmental conservation while reaping rewarding benefits. Join the growing community of individuals dedicated to positively impacting the planet through the Ecoterra platform and get your tokens to unlock its useful features!
Launchpad XYZ (LPX) – The best analytics tool that investors will love
Launchpad XYZ emerges as a platform that will provide the necessary data, analytics, and market sentiment to navigate the ever-evolving Web3 investment landscape confidently.
By leveraging the platform’s comprehensive features, investors gain valuable insights and stay informed about new NFT launches, crypto presales, P2E game releases, and crucial project updates. The LPX tokens are now available at a reduced cost, so maximize your investment potential by buying them now!
yPredict (YPRED) – A cutting-edge tool slicing down the info for investors
yPredict emerges as a revolutionary crypto project offering advanced crypto analytics tools, equipping users with comprehensive research resources and a user-friendly trading interface. It will cut through enormous amounts of data and deliver accurate results to the user.
At the heart of yPredict lies its precise prediction models that provide users with valuable insights that can be explored with the help of YPRED tokens available on presale now. Get them to analyze the crypto market with ease!
Spongebob Token ($SPONGE) – The meme coin soaking the damp
SpongeBob SquarePants is a cherished animated series that has brought joy to millions for over two decades. Now, it’s time to pay tribute to this lovable character with a meme token bearing his name: $SPONGE.
Powered by the Ethereum Network, $SPONGE defied all expectations, skyrocketing with its extraordinary performance. Don’t let this tidal wave of excitement pass you by, and get $SPONGE tokens in time!
Jim (JIM) – Meme coin targeting the Pepe community
JIM, the ERC-20 meme coin, burst onto the scene in May 2023, quickly capturing the crypto community’s attention. Sporting a distinctive cigarette-smoking frog icon, the JIM project amassed an impressive following of over 100k within its first month. It is a meme coin that sparks the interest of investors worldwide.
Until the dust settles around the AXS price drop and SEC lawsuit, redirecting your investing efforts is the best step you can take. WSM, $AI, DLANCE, ECOTERRA, LPX, YPRED, $SPONGE, and JIM are eight alternatives offering a range of different features that the investors can explore. Just remember that the presales of these cryptos are progressing extremely fast, so make good use of the time left!