Bittime – The crypto world is gearing up for its biggest bull run, and new players with huge potential are starting to emerge. One of them is Pikamoon ($PIKA).
Similar to the Axie Infinity (AXS) phenomenon in the 2021 bull run, Pikamoon attracted great attention and became a hot topic of conversation among crypto fans.
This article will review Pikamoon and assess whether its potential can surpass Axie Infinity. Launching on Tier 1 centralized exchanges like Bitget, MEXC, and Uniswap, let's learn more about Pikamoon!
What is Pikamoon (PIKA)?
PIKA ($PIKA) is a GameFi token and the native currency of the metaverse Play-to-Earn (P2E) game Pikamoon. Combining gaming elements with decentralized finance (DeFi), PIKA is an ERC-20 token built on the Ethereum blockchain.
With ownership of this digital currency, Pikamoon players can collect, breed, and trade Pikamoon character NFTs, similar to Axie Infinity and its Axie characters.
The main driver of PIKA's potential price increase is the Pikamoon game itself, which will become an AAA game in the next GameFi boom and its full launch.
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Pikamoon (PIKA) and Axie Infinity (AXS) Similarities
The similarities between these two crypto coins are:
1. Both Started with a Small Market Capitalization Before the Bull Run
As we know, timing in the crypto market is very important. In the context of GameFi, AXS is off to a bullish start with a small market cap in 2021, and PIKA is doing the same for 2024.
Axie Infinity's market cap was under $30 million at launch in 2020, just before the bull run hit the crypto world. After that, the price jumped from $0.4 to $165 in just 11 months of 2021, making many early investors crypto millionaires.
Similarly, PIKA launched with a market cap of around $10 million ahead of its next bull run. It's worth noting that PIKA's market cap is 30x smaller than its current competitor GameFi, which gives it the potential to grow even bigger.
2. Supported by a Strong Community
Axie Infinity's success can be largely attributed to its active and dedicated community that spreads information about the game.
Likewise, with Pikamoon, they are building a strong community of over 15,000 holders and counting - all eagerly awaiting the launch of the full game now that PIKA is available to the free market on centralized exchanges Bitget and MEXC.
As befits any good project, the executive team behind Pikamoon is also completely doxxed (identities known to the public). They are known for actively engaging with the community, and providing regular updates on Telegram, X, Medium, Reddit, and others, to encourage a strong sense of enthusiasm and hope from the community.
3. Outstanding Presale Achievement
The initial presale phase for both projects was met with tremendous enthusiasm. The early stages of Axie Infinity's ICO set a high bar, but Pikamoon surpassed it by completing its presale in just seven days of the 60-day countdown (generating over $1.3 million in sales during that period).
4. Have an Internal Development Team
Both Pikamoon and Axie Infinity have strong internal development teams - Cosmos Orbit and Sky Mavis respectively.
The decisions to use in-house development teams by Pikamoon and Axie Infinity both underscore the importance of maintaining creative control and ensuring the entire development process runs smoothly.
Typically, an in-house team provides the benefits of long-term collaboration, full creative control, and a more cohesive vision. This approach is especially beneficial in the GameFi industry, where rapid iteration of game features and mechanics is critical to maintaining player engagement and maintaining competitiveness.
Difference: Advantages of PIKA Compared to AXS
Pikamoon's 2024 strategy includes several strategic moves that position it for greater success than AXS in 2021.
Pikamoon's deflationary token model is designed to increase scarcity and value over time. With a limit of 50 billion tokens, 16 billion is allocated for ecosystem development, while 5 billion is reserved.
Also Read: Axie Infinity (AXS): Future Price Potential (2024-2035)
Why does Pikamoon have the potential to surpass Axie Infinity?
Let's look at the advantages of Pikamoon that make it potentially superior to Axie Infinity:
1. Low Price to Enter the Market
While AXS has surged and now has a high entry price, Pikamoon's launch price was just $0.0007. This low entry price is a strategic move to attract a wider investor base.
2. Focus on Community-Centered Development
Pikamoon's commitment to building its platform with direct community involvement allows for a more agile response to user feedback.
For example, their Beta game which now has 10,000+ players has seen many improvements, bug fixes, and ELO improvements thanks to community feedback from their 10,000+ Telegram members.
This in turn will result in a better user experience and stronger loyalty compared to Axie Infinity - a project that has faced challenges in terms of community management.
3. Podcast 'PIKA Pod' by Founder
The Pikamoon founders whose identities are publicly known have released the first episode of the 'Pikamoon Podcast' - an engaging discussion for the community that introduces Brock and Kanto to the public for the first time.
Compare that to Axie Infinity, where their CEO & Co-Founder, Nguyen Thanh Trung, is rarely seen on podcasts or public media.
4. More resistant to technological disruption
While Axie Infinity has faced security issues in the past, including significant hacks of the co-founder's wallet and the Ronin Network, Pikamoon focuses on advanced encryption protocols and smart contract functionality to provide a secure environment for its users.
This emphasis on security will be a determining factor in gaining user trust and investment in the long term.
Also read How to Buy Crypto:
Conclusion: Pikamoon is the Next Major Bull Run Investment?
All things considered, Pikamoon has the potential to be a leader in the GameFi sector in its next bull run.
While it shares some similarities with Axie Infinity, Pikamoon's unique strategy and focus on community engagement, security, and innovative tokenomics set it apart.
Additionally, Pikamoon's low market cap at a time when the GameFi sector is growing rapidly makes it a very attractive opportunity.
With engaging content and strategic partnerships, demand for PIKA is expected to skyrocket. This is not just speculation but is based on the strong potential of the Pikamoon model and the growing enthusiasm of the crypto community around it.
How to Buy Axie Infinity (AXS) on Bittime
You can buy and sell Axie Infinity (AXS) easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Axie Infinity (AXS) is available on Bittime with the market pair AXS/IDR. To be able to buy AXS IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Axie Infinity (AXS) on Bittime.
Monitor the price chart movements of Axie Infinity (AXS), Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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