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MainNewsCould Axie I...

Could Axie Infinity Be Making a Comeback? SLP Up 25% in a Day – Here’s Why


Nov, 19, 2024
3 min read
by Hassan Shittu
for Cryptonews
Could Axie Infinity Be Making a Comeback? SLP Up 25% in a Day – Here’s Why

Axie Infinity, the popular blockchain-based game, is on the brink of a big revival as it prepares to launch its highly anticipated update, Wings of Nightmare, on November 21, 2024.

This update promises to introduce a new feature called Lunacia’s Dream World, where players can evolve their Axies into rare Nightmare parts.

With only 39,000 Nightmare Parts and 1,500 Nightmare Bodies available, the excitement of this limited-time event has already begun to impact the market positively.

In anticipation of this update, the Smooth Love Potion (SLP) token has surged by 25% in just one day, now trading at approximately $0.003353.

Could Axie Infinity Be Making a Comeback? SLP Up 25% in a Day - Here’s Why
Source: CoinGecko

Axie Infinity’s SLP Up 25%: What Are the Wings of Nightmare?

The Wings of Nightmare, scheduled to launch on November 21, is the largest core release since the introduction of Part Evolution.

The limited-time event is not just about aesthetics; it fundamentally alters gameplay dynamics and offers players new character-building strategies.

The update allows players to evolve select Axie body parts into rare Nightmare components.

This evolution process requires players to gather specific materials, such as AXS tokens and Mementos, which adds an element of resource management and strategy to the game.

With only 39,000 available and a cap on each part’s supply, players are incentivized to secure their pieces and enhance their Axies’ capabilities quickly.

The benefits of acquiring these Nightmare Parts extend beyond mere collection. Axies equipped with at least one Nightmare part will become part of an exclusive collection that presents collectible rewards like Fortune Slips—valuable items that can enhance gameplay further.

Additionally, owning these unique parts increases an Axie’s rarity, making them more desirable within the community and potentially more valuable in secondary markets.

Players will also experience enhanced gameplay mechanics through features like Meta Morph in Origins, where they can morph parts to receive collectible chests and runes that improve their Axies’ combat abilities.

FreeDum Fighters – The Next Big Player in Crypto Gaming?

While excitement builds around Axie Infinity’s upcoming Wings of Nightmare update, another project is gaining traction in the web3 gaming sector: FreeDum Fighters ($DUM).

Could Axie Infinity Be Making a Comeback? SLP Up 25% in a Day - Here’s Why

The platform presents itself as a fun, competitive, satirical take on modern-day politics while serving as a blockchain-powered ecosystem where users can earn, trade, and engage.

The game merges humor with finance and creates a unique space for political engagement through its fictional characters, such as MAGATRON and Kamacop, which parody political ideologies.

FreeDum Fighters tries to set itself apart with its approach to community involvement and governance.

Participants are not merely players but stakeholders who can influence key decisions affecting the platform’s future.

Users can earn rewards by engaging with $DUM tokens, completing challenges, and participating in events within this satirical framework while enjoying a humorous critique of political extremes.

The presale for FreeDum Fighters has already raised over $700,000.

Analysts predict that as more gamers looking for a gamified and fun way to interact with cryptocurrency seek out projects offering entertainment and financial incentives, FreeDum Fighters could see substantial appreciation.

FreeDum Fighters also features a unique governance system that empowers its community.

Token holders will have a say in key project decisions—from gameplay mechanics to marketing strategies.

With its strong community focus, $DUM could become an important Web3 game.

Buy $DUM Here

The post Could Axie Infinity Be Making a Comeback? SLP Up 25% in a Day – Here’s Why appeared first on Cryptonews.

Read the article at Cryptonews

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MainNewsTrump To Tap...

Trump To Tap Crypto-Friendly Howard Lutnick As Commerce Secretary


Nov, 19, 2024
2 min read
by Julia Smith
for Cryptonews
Trump To Tap Crypto-Friendly Howard Lutnick As Commerce Secretary

President-elect Donald Trump will reportedly tap Cantor Fitzgerald CEO Howard Lutnick to be his Commerce secretary, according to multiple Tuesday reports.

Trump Reportedly Taps Cantor Fitzgerald CEO Howard Lutnick

According to reports, Trump favors choosing Lutnick to help lead the nation’s commerce. The billionaire businessman previously spoke out in favor of the former reality television star’s controversial tariff plans.

Currently, Trump plans to implement a tariff range of 60 percent to 100 percent on Chinese goods while having remaining foreign countries pay 20 percent.

Critics argue that the high-cost tariffs will negatively impact the average American buyer’s wallet, while proponents claim it will lead to a manufacturing boom in the United States.

Donald Trump Considers Treasury Secretary Role

Meanwhile, the role of U.S. Treasury secretary continues to be undecided after Lutnick allegedly got on the former U.S. president’s nerves by campaigning too hard for the coveted cabinet position.

Speaking with The New York Times on November 17, an anonymous source told the media outlet that the situation had devolved into a “knife fight” between Lutnick and fellow Treasury Secretary hopeful Scott Bessent, with the former acting as the “primary aggressor.”

According to the report, the internal frustration over which Wall Street executive would land the role caused “second thoughts” for Trump, which have reportedly “slowed down the selection process.”

In addition to the Key Square Capital Management founder, Trump reportedly considers Federal Reserve governor Kevin Warsh and billionaire Marc Rowan as Treasury Secretary.

Warsh and Rowan have a comparatively less crypto-friendly stance than Lutnick and Bessent. Warsh recently argued in defense of a​​ Central Bank Digital Currency (CBDC), while Rowan has claimed that he does not see the “value of an alternative currency” given anti-money laundering and know-your-customer provisions.

Both Bessent and Lutnick have been vocal advocates of Bitcoin in the past. Over the weekend, incoming Department of Health and Human Services secretary Robert F. Kennedy Jr. took to X to endorse Lutnick for Treasury secretary.

“Bitcoin is the currency of freedom, a hedge against inflation for middle-class Americans, a remedy against the dollar’s downgrade from the world’s reserve currency, and the offramp from a ruinous national debt,” RFK wrote. “Bitcoin will have no stronger advocate than Howard Lutnick.”

Trump is slated to meet Treasury secretary hopefuls at Mar-a-Lago later this week.

The post Trump To Tap Crypto-Friendly Howard Lutnick As Commerce Secretary appeared first on Cryptonews.

Read the article at Cryptonews

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