Is Axie Infinity still profitable in 2024?

Could you please elaborate on whether Axie Infinity remains a viable and profitable investment option in the year 2024? Given the volatile nature of the cryptocurrency market and the emergence of numerous competitors, is it still feasible to earn significant returns from playing and investing in Axie Infinity? Also, what are the key factors that investors should consider when deciding whether to enter or continue investing in this space? Thank you for your insights.