As the crypto market braces for its biggest bull run ever, new players with great potential are emerging, with one of such contenders being Pikamoon ($PIKA). Similar to the phenomenon that was Axie Infinity (AXS) during the bull run of 2021, Pikamoon is attracting massive attention and generating quite a buzz among crypto enthusiasts.
Now launched on Tier 1 centralised exchanges Bitget and MEXC, and Uniswap, this article will explore Pikamoon and evaluate whether it has the potential to be the next Axie Infinity. Let’s not waste any time and dive right in!
What is Pikamoon (PIKA)?
PIKA ($PIKA) is a GameFi token and native coin of Play-to-Earn (P2E) metaverse game Pikamoon. Combining elements of gaming with decentralised finance (DeFi), PIKA manifests as an ERC-20 token built on the Ethereum blockchain.
Through owning this digital currency, Pikamoon players can collect, breed, and trade Pikamoon character NFTs – similar to that of Axie Infinity and its Axie characters. Of course, the main driving factor behind PIKA’s price pump potential is the Pikamoon game itself, which is set to reach AAA stardom come the next GameFi explosion and its full launch.
Similarities Between Pikamoon (PIKA) and Axie Infinity (AXS)
As is the premise of this article, Pikamoon shares some remarkable similarities with Axie Infinity’s native AXS token:
Both Started With A Small Market Cap Before the Imminent Bull Run
As we all know, timing in the cryptocurrency market can be everything. In the context of GameFi, AXS started with a bullish small marketing cap in 2021, and PIKA is the same for 2024.
Axie Infinity’s market cap was under $30 million at launch in 2020, just when the bulls were about to hit the crypto space. Afterwards, its price pumped from $0.4 to $165 within mere 11 months of 2021, making many early adopters crypto millionaires in the process.
Similarly, PIKA launches with a market cap of approximately $10 million amid the imminent arrival of the next bull run. It’s also worth noting here that PIKA’s market cap is 30x smaller than its current GameFi rivals, positioning it for even more growth potential.
Both Enjoy a Strong Community Support and Hype
Axie Infinity’s success can be attributed, in part, to its dedicated and active community that organically spread the word about the game.
Similarly, Pikamoon is building a strong community of 15,000+ holders and counting – all of which are eagerly awaiting a full game launch now that PIKA is open to the free market across centralised exchanges Bitget and MEXC.
As any good project should, the executives behind Pikamoon are also fully doxxed. The Pikamoon team is also famous for actively engaging with the community, providing regular updates on Telegram, X, Medium, Reddit, and more, to foster a strong sense of community excitement and anticipation.
Both Achieved Resounding Presale Success
The initial presale phases for both projects were met with overwhelming enthusiasm. Axie Infinity’s early ICO stage success set a high bar, however, Pikamoon bettered it by selling out its presale just seven days into the 60-day countdown (amassing over $1.3 million in sales throughout such time period).
PIKA’s pre-launch enthusiasm was fueled by big crypto experts and influencers such as Jacob Bury, Mathew Perry and Jake Gordon, among others. Such figures jumped on the PIKA bandwagon, coining it things such as ‘the best GameFi investment before the next crypto bull run’ and ‘the new 100x gaming altcoin’. This positive community sentiment will continue to play a pivotal role in the project’s success in the coming months, as PIKA has no intention of slowing down its influencer campaigns.
Both Employ In-House Development Teams
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Both Pikamoon and Axie Infinity boast robust in-house development teams – Orbit Cosmos and Sky Mavis, respectively.
The decision to utilise in-house development teams by both Pikamoon and Axie Infinity underscores the significance of maintaining creative control and ensuring and
Typically, in-house teams provide the advantage of long-term collaboration, total creative control, and a more cohesive vision throughout the development process. This approach is particularly beneficial in the GameFi industry, where the rapid iteration of game features and mechanics is crucial for maintaining player engagement and staying competitive.
Differences: What Makes PIKA Better Than AXS
Pikamoon’s 2024 approach includes several strategic moves that positions it for even greater success than that of AXS in 2021.
Astute Tokenomics
Pikamoon’s deflationary token model is designed to bolster scarcity and value over time. With a cap of 50 billion tokens, 16 billion of such have been allocated to ecosystem development, whilst 5 billion are reserved for PIKA Staking rewards.
This strategic reserve will provide a buffer against market volatility and support the platform’s sustainability, potentially leading to higher returns for early investors.
Low Barrier to Entry
While AXS has pumped and now offers a high entry barrier, Pikamoon’s launch price was a bargain at just $0.0007. Such low entry price point is a strategic move to attract a broader investor base, however given that the token is now trading, it may have already begun its upwards trajectory. You can track the price of PIKA via CoinMarketCap here.
According to Business Research Insights, the GameFi industry is projected to reach USD 90.51 billion by 2031, With this in mind – as well as how PIKA’s low price has the potential to capture significant market share as the sector grows – it’s evident that PIKA presents a potentially lucrative opportunity for early adopters and holders.
Community-Centric Development
Pikamoon’s commitment to building its platform with direct community involvement allows for a more agile response to user feedback.
Its Beta game – which now has 10,000+ players – is a prime example of this, as after being launched in just 6 months, it’s undergone numerous upgrades, bug fixes, and ELO enhancements courtesy of community feedback from the 10,000+ Telegram members.
In turn, this community-centric ethos fosters a more refined user experience and stronger sense of loyalty compared to Axie Infinity – a project that has faced challenges with community management in the past.
The Founders’ ‘PIKA Pod’ Podcast
Bullish for the PIKA community, the fully doxxed Pikamoon Founders have released the first episode of the ‘Pikamoon Podcast’ – an alpha-fuelled discussion that introduces the community to Brock and Kanto for the first time.
How often do you see Nguyen Thanh Trung (CEO & Co-Founder of Axie Infinity) on a podcast? Let’s leave it at that…
More Technologically Resilient
While Axie Infinity has faced security issues, including a significant hack of a co-founder’s personal wallet and the Ronin Network, Pikamoon’s focus on advanced encryption protocols and smart contract functionality aims to provide a secure environment for its users.
This emphasis on security is going to be a decisive factor in gaining user trust and investment in the long run.
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Final Thoughts: Pikamoon Next Crypto Bull Run’s Prime Investment
All things considered, the answer to the question is… Yes, Pikamoon is definitely the next Axie Infinity and in some cases, even better.
While the two projects share several similarities, Pikamoon’s unique strategies and focus on community engagement, security, and innovative tokenomics set it apart. Further, as the GameFi sector evolves and crypto bulls take charge, PIKA’s low market cap is what will allow it to thrive the most.
As the game inches closer to mainstream adoption – fueled by its engaging content and strategic partnerships – the demand for PIKA is expected to skyrocket. This isn’t merely speculative; it’s grounded in the solid potential of Pikamoon’s model and the growing enthusiasm of its surrounding crypto community.
So, for PIKA holders, the message is clear: holding your tokens in wake of PIKA launching on CEXs on March 22nd is the gateway to unparalleled rewards. And of course, this also means onlooking investors should be looking at aping-in on this project due to its miniscule launch price and market cap.
Is PIKA the Next AXS? – FAQs
What makes Pikamoon’s tokenomics unique compared to other GameFi projects?
Pikamoon utilises a deflationary token model with a capped supply, designed to increase scarcity and value over time. This, combined with strategic reserves for ecosystem development and staking rewards, aims to ensure the platform’s long-term sustainability and growth.
How does Pikamoon plan to maintain user engagement in the long term?
Pikamoon is implementing a multi-layered strategy for long-term user engagement, including regularly updated content, a Founder’s podcast, open-world metaverse development, in-game events, and partnership integrations. This approach will help keep the game fresh and engaging for both new and existing players.
Can Pikamoon be a sustainable source of income like Axie Infinity was at its peak?
Yes, definitely. Pikamoon has mechanisms in place to reward active players and long-term pika holders. You can earn a sustainable source of income while playing Pikamoon, however this also comes down to factors such as player skill, luck, player base growth, and the continued development of the game’s ecosystem. Potential earnings can fluctuate based on these factors.
Disclaimer: This is a paid post and should not be treated as news/advice.
