- Thetan Arena has gathered twice the number of Axie Infinity’s active users since its launch.
- Though the game's current market valuation is a fraction of Axie Infinity’s $6.7 billion, it has amassed over 7 million users.
- Thetan Arena’s community has fueled a bullish narrative for the game’s token THG’s price.
- Thetan Arena price has posted over 43% in gains over the past 24 hours.
Thetan Arena, a blockchain game that combines personal skills of the player with teamwork, has amassed over 7 million users since its launch in September 2021. The game is now competing with Axie Infinity.
Thetan Arena competes with Axie Infinity to lead “play-to-earn” games
Thetan Arena, a metaverse “play-to-earn” game has amassed a large number of active users. The growing on-chain activity in the game’s ecosystem indicates that there is an increasing interest in metaverse tokens.
Proponents consider Thetan Arena the next “Axie Infinity,” as the game offers players the opportunity to earn. The governance token, THG’s price is on an uptrend. After posting 43% gains overnight, the token’s are expected to continue their price rally.
Thetan Arena’s price rally has been volatile over the past month, however the metaverse governance token’s market capitalization is a fraction of Axie Infinity’s $6.7 billion.
Thetan Arena recently announced its roadmap for burn implementation in the governance token. The team revealed it through a tweet:
#ThetanArena TOKENOMY ROADMAP - JANUARY 2022
— Thetan Arena (@ThetanArena) December 30, 2021
- 100 MILLION OF THC TOKEN WILL BE BURN IN TOTAL (DIVIDED INTO 4 STAGES) from WEEK 1-4
- THG Staking in WEEK 3
- THC converting program #2 in WEEK 4
MORE EXCITING DETAILS ARE COMING. Stay tuned.@WolffunGame @KardiaChain pic.twitter.com/8Cq9D1Svlb
The game has informed users about the regular scans over activity made by players to identify actions violating the game’s rules.
Thetan Arena has over 79,000 holders on the Binance Smart Chain against 116,801 Axie Infinity holders on Ronin, Ethereum and the Binance Smart Chain.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Crypto bloodbath hasn’t even started yet
Bitcoin price, Ethereum and other cryptocurrencies are on the backfoot after the massive slaughter that happened on the trading floor on Wall Street yesterday. Instead of cleaning up the pink sheets from the floor, the cleaning staff are probably busy sweeping up plenty of burned-out traders that got annihilated overnight as the Dow Jones printed its worst performance since June 2020.
Dogecoin founder says crypto investors are clueless while DOGE price crumbles under pressure
Dogecoin’s co-founder advises crypto investors to perform actual research and stay informed about their crypto investments. While the meme coin crumbles under pressure, analysts find a bullish pattern that could drive a rally in Dogecoin.
Is Do Kwon going to get arrested after Terra's LUNA price collapse?
The collapse of Terra's LUNA price and algorithmic stablecoin TerraUSD (UST) has sparked outrage in the crypto community. Institutions and retail investors suffered significant losses when $40 billion in LUNA and UST’s market value was destroyed within a week.
If you haven’t sold yet, XRP will give you another chance before it dumps to $0.19
XRP price is in a rut as it followed Bitcoin and other altcoins into a crash after the LUNA-UST debacle. Ripple, on the other hand, is relentlessly fighting against the US Securities and Exchange Commission’s (SEC) allegations and to prove that XRP token is not a security.
Bitcoin: Multiple scenarios arrive at the same bearish conclusion
Bitcoin price shows interesting setups from multiple time frames that hint at a confluence. This convergence occurs for the short-term bullish outlook as well as the macro bearish scenario for BTC.