In recent years, the play-to-earn (P2E) gaming sector has gained significant popularity among gaming and crypto enthusiasts as it offers cryptocurrencies or non-fungible tokens (NFTs) as rewards for completing in-game tasks. Axie Infinity ($AXS) is a prime example of this trend, offering a metaverse gaming environment where players can acquire creatures known as “Axies.” However, plummeting in-game engagement has negatively affected the $AXS token value, which has dropped by 95.44%. This situation has caused blockchain projects to provide investors with advanced utility and value-oriented approaches.
According to the CoinMarketCap crypto economy report, the GameFi sector, which is a four-year-old crypto genre market for P2E tokens, has been a failure for investors. Axie Infinity ($AXS) has experienced a near-total loss of its price value. To profit off Axie’s gaming platform, members need new gamers to join and purchase in-game characters owned by pre-existing gamers. When the flow of new gamers stalled, $AXS declined, which had a negative reading on players’ earnings. Additionally, Axie’s visual design is poor, and its server is clogged, which led to a poor gamer experience.
Besides Axie Infinity, the P2E blockchain crash has affected popular GameFi projects, such as Sandbox, Illivium, and Decentraland. This indicates the fragile foundations of the P2E gaming industry, hence why investors are flocking to full-fleshed crypto-centric projects that embed core utilities that thrive with longevity and value, such as Love Hate Inu ($LHINU).
Love Hate Inu: A New Meme Coin Emerges
Love Hate Inu is an emerging meme project that combines the Ethereum blockchain and the intrinsic vote-to-earn (V2E) model to build an intuitive hub that enables members to share opinions on polls and earn rewards. Unlike Axie Infinity’s play-to-earn (P2E) model that requires individuals to spend long hours gaming and trading in-game NFTs characters and other items, Love Hate Inu empowers members to share their opinions on real-world events.
Users on the Love Hate Inu ecosystem can vote on topics ranging from politics, debates, society, economics, religion, education, and many more. Love Hate Inu enables members to share their unbiased thoughts on polls and surveys and earn $LHINU rewards. The project infuses a global utility appeal that enables sectors access to a secure, legitimate, transparent, and tamper-proof voting activity.
The innovative token raised a staggering $10.2 million in its presale and is set to list on public exchange soon. However, investors can still purchase the $LHINU tokens for the listing price of $0.000145, which is an absolute bargain considering its core positive market sentiments. Set to anchor the bull rally of $DOGE, $SHIB, and the skyrocketing $PEPE, $LHINU has huge potential to provide 10x gains for investors.