Axie Infinity Leads Binance Projects with 1,649x Return

Renowned crypto analyst Cryptobusy highlighted the top five most lucrative Binance projects, emphasizing their returns during the previous bull run. With speculation rife about which project might be next to explode, here’s a breakdown of the frontrunners that have captivated the crypto community.

Axie Infinity (AXS) tops the list as the most profitable Binance Launchpad project, achieving a staggering 1,649x return at its peak. Initially launched at $0.10, the token skyrocketed to an all-time high of $164.90 on November 6, 2021. As of press time, AXS is trading at $4.61, showing a 5.75% decline in the past day. However, a bullish reversal is on the horizon, as indicated by a long-tail rejection candle that led to a 12.30% surge, forming an engulfing pattern. This potential recovery could push AXS to break through the 50-day EMA, targeting overhead resistances at $8.67 and $12.55.

Following closely behind AXS, Polygon (MATIC) ranks as the second most profitable Binance Launchpad project, delivering an impressive 1,110x return. MATIC was initially priced at $0.00263, reaching its ATH at $2.92 on December 27, 2021. As per the latest CoinMarketCap data at press time, Matic is hovering around $0.4192, marking a 3.49% decline in the last 24 hours.

The Sandbox (SAND) claims the third spot with a 1,008x return, from an initial token price of $0.008333 to a peak of $8.40 on November 25, 2021. The metaverse token, known for its virtual real estate and gaming ecosystem, shows signs of a potential rebound. 

As of this writing, SAND is trading at $0.2568, indicating a downward movement of 5.61% on the last day. A recent reversal from the bottom support trendline and a long-tail candle suggests renewed demand. A bullish breakout could propel SAND to the 50% Fibonacci retracement level at $0.48.

MultiversX, previously known as Elrond (ERD), has made significant strides since its launch on Binance in July 2019. The price of EGLD reached its record high of $545.64 on November 25th, 2021, reflecting the high activity level of this token during that period.

Rounding out the top five is StepN (GMT), which recorded a 411x return, peaking at $4.11 from an initial price of $0.01 on April 28, 2022. This move-to-earn project has garnered significant attention for its unique approach to combining fitness and crypto incentives. As of writing, GMT is trading at $0.1082, showing a 5.06% decline in the past day.