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Axie Infinity Price Prediction – Blockchain Prediction

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Over the next decade, one of the major growth industries in the crypto world is likely to be play-to-earn games, which have recently gained massive popularity in the crypto community. When comparing the main platforms, Axie is one of the best options.

Players of the company’s online game may acquire and “mine” NFTs, which stand for “Axies,” virtual pets. The AXS native token is required to play the game on the platform. The Axie token has taken its investors on a roller coaster trip, leaving some questioning how the token’s value will eventually settle.

Axie Infinity is a virtual pet platform that combines the finest features of blockchain and classic video game design. The result is a rewarding and engaging game that has real-world consequences. Moreover, in this article, we’ll discuss Axie Infinity Price Prediction and  also its uses.

What Exactly Is Axie Infinity?

Axie Infinity is a fun blockchain game that attempts to attract new crypto users. AXS tokens, created on the Ethereum (ETH) network, are utilized to control the platform. When opposed against one another in 3v3 battles, each Axie is a special non-fungible token (NFT) with its own set of advantages and disadvantages.

The victorious squad gains extra experience points, which they may use to improve their Axie’s rating or to undergo transforming changes. These Axie may pair with one another to produce unique offsprings, which can then be traded, bought, and sold inside the platform’s economy.

Axie Infinity Price History

AXIE Infinity Price history

While Axie Infinity isn’t the first NFT video game available on the blockchain, it was one of the first to get worldwide attention and many users. Compared to other multiplayer games, players found Axie Infinity to be very straightforward, and the game’s reward structure and strong press attention further increased player excitement.

AXS got directly impacted by the sudden increase in volume. The Axie Infinity token’s ICO was launched at the start of April 2021, and the first day’s trading volume was worth around $7.70. High volatility occurred towards the conclusion of the month as AXS dropped under $6.50 before a short-term recovery to roughly $11.

The excitement didn’t last long as AXS continued reaching lower lows and finally touched $3 by the end of May 2021. One month after its ICO, the Axie Infinity coin lost more than 50% of its value. Those would have been the weak hands that were shaken out, but the diamond hands didn’t have to wait long for a huge increase.

An Overview of Significant AXS-Related Events

The problems with Axie Infinity are separate from the fact that it’s one of the top crypto games. The Axie Infinity price forecast takes into historical account data to show how much AXS has recently changed.

  • On the first day of trading in April 2021, AXS closed at $7.70 on the main markets.
  • At the month’s end, the coin’s value dropped to $6.50, before seeing a brief upswing to $11.
  • More than half of AXS’s value has been wiped out since the ICO, and it had fallen to $3 by the end of May 2021.
  • After a month of stagnation in May, buyers finally appeared at the end of June and sent AXS on an extraordinary upswing. In November of 2021, the coin’s price increased by about 5,200%, reaching $165.
  • Sky Mavis, the makers of Ronin Bridge, had $625 million stolen in a hack.
  • Despite a dwindling player population, broken game mechanics, and the broader crypto winter, AXS keeps rolling along.
  • After reaching an ATH, AXS’s value dropped by 93% due to the crash.

Axie Infinity Technical Analysis

The current price of Axie Infinity shows a massive correction, with a market value of $638,654,951 and a trading volume of $63,242,843. In the cryptocurrency market, the Axie Infinity is now trading at $6.37, with a top of $165.37 and a low of $0.1234.

There are already 100,125,814 AXS in circulation, and the Axie Infinity team is certain that the widespread acceptance of the cryptocurrency will bring about many exciting developments in the future for the community as a whole.

Based on the technical indicators, the trade of AXS tokens has been particularly negative recently. After reaching the ATH, the token saw a significant correction, dropping to the single digits. Axie Infinity (AXS) is expected to slowly and gradually regain its value in the future.

The Ups and Downs of the Axie Infinity Coin Market

Given the extreme swings in the Axie coin price during the short time it has been traded, it is reasonable to expect the price to vary within a narrow band. For this reason, experts have collated the potential AXS lows and highs over the next several years.

Year Potential High Potential Low
2023 $100 $2
2025 $200 >$1

What Is the Use of Axie Infinity?

The main motivation for investing in cryptocurrencies is the profit potential. Value increases, however, are dependent on the coin’s widespread use. Let’s examine some of the scenarios that might benefit from AXS.

Earn Benefits

Earning money while having fun is Axie Infinity’s main draw. Many participants in the DeFi ecosystem consider Axie Infinity, an early adopter of the concept of “play to earn.” The focus has changed from winning to winning while playing. Players may swap the $ASX they earn for other currencies.

Transactions

The creation of a decentralized exchange for peer-to-peer transactions that bypasses the need for a central authority was a driving force behind the invention of blockchain technology.

Experts  have identified the top P2P markets. Axie Infinity tokens (AXS) are compatible with this network and may be sent anywhere worldwide. They may use it to make purchases at businesses that accept AXS, as well as to make exchanges for other assets.

Planning to Set

Investors may make passive money in crypto by collecting interest on their coins. Investors get interested by keeping their money locked up on a trading platform. Typically, the coin invested on an exchange earns interest. When it comes to staking, AXS is a top contender.

Leadership

Players cast votes on the direction of the game’s backend by exchanging AXS, the platform’s governance token.

Axie Infinity (AXS) Price Predictions:

Many market watchers expect a significant increase in the value of Axie Infinity in the not-too-distant future. There are two main factors at play here.

  • To begin, blockchain technology itself is powerful and rapidly expanding in use.
  • Second, the Axie Infinity group has always done what it said it would, which has earned the confidence of both financial backers and end customers.

While nothing in life or cryptocurrency trading is certain, current trends indicate that Axie Infinity has great potential. Axie Infinity is worth considering if you search for a project with solid groundwork and enormous potential.

Year Minimum Price Average Price Maximum Price
2023 $8.81 $10.28 $11.01
2024 $14.68 $16.15 $18.35
2025 $22.03 $23.49 $25.70
2026 $29.37 $30.84 $33.04
2027 $36.71 $38.18 $40.38
2028 $44.05 $45.52 $47.72
2029 $51.39 $52.86 $55.06
2030 $58.74 $60.20 $62.41
2031 $66.08 $69.01 $71.95

 

(AXS) Price Prediction 2023

Some people believe Axie Infinity is one of the most impressive new cryptocurrencies to appear this year (AXS). The second half of 2023 is expected to see a substantial rise in AXS pricing to $11.01.

Similar to the ascent of other cryptocurrencies, the price is likely to increase gradually but is not expected to decline by a significant amount. Averaging $10.28 in price is highly ambitious, yet it is attainable shortly, given predicted partnerships and developments. AXS is projected to have a minimum value of $8.81.

(AXS) Price Prediction 2024

The 2024 forecast for the value of Axie Infinity AXS shows substantial growth potential. Experts believe that the price of AXS will shortly rise over $18.35 due to the possible announcement of various new collaborations and projects.

Wait till the relative strength index for the AXS exits the oversold area before becoming too optimistic. The stock will open at a minimum of $14.68 and close on average at $16.15, considering price movements.

(AXS) Price Prediction 2025

Until 2025, the price trend has been positive, and if it keeps going up, AXS can make $25.70. A market drop might make it impossible to reach the target. In 2025, analysts predict that AXS will trade between $23.49 and $22.03 on average.

(AXS) Price Prediction 2026

If Axie Infinity improves crypto investors’ mood, the AXS coin price could hold steady for the next five years. Projections have said that AXS will be environmentally friendly by the year 2026. In 2026, the AXS will hit a record high and break that record. Virtual money will be valued at $33.04 in 2026, with a low of $29.37 and a high of $30.84.

(AXS) Price Prediction 2027

Experts believe the AXS price will reach an average of $38.18 by 2027, with a minimum price of $36.71 projected before the end of the year, based on detailed forecasting and technical research. In addition, the most you may pay for AXS is $40.38.

(AXS) Price Prediction 2028

The predicted future collaborations should keep the positive trend going, pushing the average price to almost $45.52 by 2028. In 2028, if AXS succeeds in breaking the resistance level, the stock might reach $47.72; if it fails to do so, the price could fall to $44.05.

(AXS) Price Prediction 2029

Even while AXS is working on making its networks more compatible with one another to speed up communication, they still expect to see the upward trend from last year continue. Therefore, a floor price of $51.39 per transaction and an annual closing above $55.06 in 2029 have been set.

(AXS) Price Prediction 2030

By 2030, Axie Infinity’s price will have increased to new all-time highs. Costs might be as low as $58.74 and as high as $62.41, with an expected median price of $60.20.

(AXS) Price Prediction 2031

The market’s renowned instability is among the numerous challenges in predicting bitcoin prices. To the best of our ability, Bitcoin Wisdom attempts accurate price projections for the future.

However, our forecasts should be seen as something other than financial advice, and you should always conduct your research before making any major financial decisions (do your research).  Consequently, a bull market is expected to push the price of AXS up to $71.95 by 2031, with a median price of $69.01.

Also see the price predictions of Monero (XMR) and DDDD Share!

A Guide to Analyzing Axie Infinity Charts for Price Forecasting

Traders often use candlestick charts because they provide more data than a standard line graph. Investors may observe candlesticks representing Axie Infinity price activity at many time scales, from 5 minutes for very short-term price action to weekly for identifying long-term patterns.

Popular time frames for candlestick charts include one hour, four hours, and one day. Let’s look at a 1-hour candlestick chart to see how this style of price chart displays the starting and closing values. The “candles” on the chart represent 1-hour periods during which the price of Axie Infinity can be examined.

Each candlestick represents 1 hour and shows the starting price, closing price, and high and low values for Axie Infinity. The candle’s colour may also tell us much about what happened during the trading session; a green candle indicates that the closing price was greater than the beginning price, while a red candle indicates the reverse.

Some charts use the difference between an empty and a full candlestick head rather than a different colour to represent the same information.

Conclusion

Keep in mind the significant levels of the cryptocurrency markets when thinking about AXS token price prediction since this makes it difficult to forecast even the short-term value of a token or coin. Do thorough research before putting any money into digital currency coins or tokens.

The most current market movements, information, analytical and structural research, and expert opinion should all be considered before investing. Never trade with money you can’t afford to lose; remember that previous results are no guarantee of future profits. We hope you found all the information regarding AXIE Infinity and how its price is going to be in the future.

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