Ethereum-Based Play-to-Earn Game Sparks Comparisons to Axie Infinity Amid Market Volatility

A widely followed trader believes that Heroes of Mavia (MAVIA), a play-to-earn game built on Ethereum (ETH), has the potential to mirror the success of Axie Infinity (AXS) during the previous bull cycle. According to the trader, Criptopaul, the game's backing by notable venture capital firms like Binance Labs and Animoca Brands, as well as its combination of Web2 and Web3 gaming concepts, make it a promising investment.

Ethereum-Based Play-to-Earn Game Gains Traction Amid Market Volatility, Draws Parallels to Axie Infinity's Meteoric Rise

In the midst of the ongoing market volatility, a respected crypto trader has identified an Ethereum-based gaming project that he believes has the potential to replicate the astronomical success of Axie Infinity (AXS).

Heroes of Mavia: The Axie Infinity of This Cycle?

Pseudonymous trader Criptopaul, with over 107,600 followers on social media, has expressed his bullish outlook on Heroes of Mavia (MAVIA), a play-to-earn game that has garnered significant attention within the crypto community.

Drawing comparisons to Axie Infinity's remarkable 174,900% surge in 2021, Criptopaul views MAVIA as a potential game-changer within the Web3 gaming space. He attributes this optimism to the project's strong backing from renowned venture capital firms such as Binance Labs, Hashkey, Delphi Digital, Animoca Brands, Merit Circle, and Genblock.

"I believe it is going to be the AXS of this cycle, with 15-20x potential ROI (return on investment)," stated Criptopaul.

Technical Analysis and Resistance Levels

Criptopaul's enthusiasm for MAVIA is rooted not only in its fundamental attributes but also in its technical analysis. According to the trader, the $5 level could serve as the initial resistance level that MAVIA would need to overcome.

"From a TA (technical analysis) perspective, I believe we will see $5 rebound very fast so where you could cut some profits and hold the rest," he noted.

Ethereum-Bitcoin Pair: A Signal for Altcoin Strength

Beyond MAVIA's strong fundamentals and technical potential, Criptopaul also highlights the significance of the Ethereum versus Bitcoin pair (ETH/BTC) in gauging the overall altcoin market sentiment. He anticipates a surge in this pair, which could further boost MAVIA and other altcoins.

"People will be caught by surprise by ETH/BTC pump and altcoin with that-many have been left out-confidence in the market will take a long time to recover for retails and users," Criptopaul said. "This will be the cause, this is also the cause of the simple rule 'buy when there is blood in the streets,' but so difficult for many to apply."

Conclusion

While the crypto market continues to navigate uncertainty, Criptopaul's bullish stance on Heroes of Mavia provides a glimmer of hope for altcoin enthusiasts. As the project continues to gain adoption and support from reputable investors, it remains to be seen whether MAVIA can indeed fulfill its potential to become the next Axie Infinity.