As a result of the booming crypto space, there are thousands of crypto projects rushing the market with unique protocols to counter bitcoin’s monopoly. One such young and promising asset that is ruling the market in recent months is Axie Infinity.
This protocol came up with stunning functionality, where traders can earn through gaming. And well, It was a huge success!
The platform witnessed a dramatic price rise in the year 2021. Its exceptional performance and notable revenue have made traders wonder if they should buy in?
The recent price surge of the coin is leading to heated Axie Infinity price predictions around the crypto ecosystem. So, are you hoping for in-depth information? No worries, this article gives clear insights into AXS Price Prediction and market analysis.
|Price.||$113.40 on October 2nd.|
|Circulating Supply.||60,907,500.00 AXS|
|All-time high.||$119.92, October 2nd, 2021.|
|All-time low.||$0.1234, November 2021.|
What is Axie Infinity (AXS)?
Axie Infinity is an interesting blockchain game, which aims to bring masses to the crypto space in a fun way. It’s a play-to-earn token built on the ETH (Ethereum) network.
This revolutionary concept was developed in the year 2018 by Trung Nguyen, Aleksander 0Larsen, Tu Doan, Andy Ho, and Jeffrey Zirlin.
This unique idea was inspired by popular games like Pokémon and Tamagotchi. The token supports users to collect, breed, raise, battle, and trade token-based creatures known as Axie.
This token can take several forms, and there are over 500+ Axie body parts including aquatic, beast, bird, plant, reptile, and more. Moreover, the parts also come with four different rarities: Common, Rare, Ultra rare, and Legendary.
Each Axie is an NFT (Non-fungible token) with unique features and benefits that will take a turn to compete in 3v3 battles. The winning team earns more exp (experience) points that are further utilized to level up their Axie’s scores or transform body parts. These Axie can be combined together to evolve new and different offspring, which can be further sold on the platform’s marketplace.
The platform has its own native token AXS, used for governance. Tokens are further used to take part in key governance votes and will offer traders an opinion on how funds in the Axie community are spent.
Amazed by the platform’s functionality! So, the next big question is whether this platform is all set to hit new highs? Is this the right time to invest? Let see what the future holds for this altcoin in this Axie Infinity Price Prediction article.
Axie Infinity was launched by Sky Mavis, the Vietnam-based technology-focused game developer organization. The platform has two founders Trung Nguyen and Aleksander Larsen.
Trun Nguyen is the present CEO of the network. Nguyen accomplished his graduation with a BS in computer software engineering, and prior to founding the platform, he had accumulated experience of more than a year as a software engineer at Anduin Transaction.
On the other hand, Aleksander Larsen, another co-founder of Axie Infinity, has gained experience in blockchain gaming since 2017. He also contributed his service as the executive security officer for the Norwegian government security organization.
Apart from these founding members, the network consists of dozens of dedicated individuals, most of them have experience with game development.
Axie infinity witnessed a rise in its user base in 2021, surpassing a total of 1 million users. With all these player bases there comes the need for regular updates and revolutionary content.
In order to fulfill the same, the network is coming up with many exciting updates, such as AXS staking, updates on Axie infinity shards, Integration with the iOS/App store, and many more in its bag!
AXS Price Prediction 2021:
From the very start of this year, Axie Infinity was ruled by bear markets. The AXS hovered around $2 during the first two months of 2021.
In March the platform came up with development upgrades related to the game’s design interface, also made major media appearances in The Wallstreet Journal, Game analytics, and Aftenposten which further resulted in the price spike to $10 by the end of May.
With certain variations, the currency managed to sustain around the same price. However, it fell into a bearish trap on May 19th and lost almost 60% of the value, dropping to $3. Till the June end, it consolidated around the same price.
`The increased popularity of NFT’s in the month of July turned out to be an advantage, where currency commenced its intense bull run hitting $81.2 on July 28. Going through some variations the Axie Infinity (AXS) price hit $92.21 on September 4th, 2021. Axie infinity started the 4th quarter with a new milestone, AXS price hit ATH of 119.92 on October 2nd, 2021.
The token would continue its upgrades and developments this year and soon it is anticipated to hit the maximum of $150 milestone. On the other hand, if NFT’s marketplaces fall, then the price may dip to $44.15. The average price this altcoin could hit is $82.26.
Axie Infinity Price Prediction 2022:
If the altcoin smashes positive highs by the year’s end, then 2022 may commence with a three-digit value. In case, if it falls down, then the new year journey may resume on a bearish note with $44.15.
According to the network’s whitepaper, the network is coming up with a series of updates such as AXS staking, Land Gameplay community alpha, Mainstream release of Axie Infinity on iOS/Android. On this note, the platform may witness a bull rally in the long run, and AXS price may easily surpass the $175 mark.
As some of the upgrades are still awaiting approval, if the network fails to introduce at the said time, then the price may slump down to $102.23 by the end of 2022.
However, with regular buying and selling pressures, we can see AXS trading at an average value of $138.26 by the end of next year.
AXS Price Prediction 2025:
As NFT’s marketplace is going to flourish in upcoming years, with its promising events in line, the future seems to be really positive for Axie infinity and new milestones are anticipated on its way. If the network successfully executes the planned events, then the price may hit $250.45 by the end of 2025.
On the downside, if the network fails to attract new community bases, and falls into prey for rumors, the bears may easily take over. In such a case the AXS price may plunge down to $145.28.
AXS Market Prediction:
According to wallet investors, they believe the AXS price might continue the bull rally and may easily hit a maximum of $84.119. The minimum price being $76.506 and the average price would be $96.381 by the end of 2021. They anticipate that the price may hit the milestone of $465.79, the average AXS price is expected to smash $433.602.
Longforecast speculates the AXS price to easily reach ATH of $174 by the end of 2021. They are not so positive about this NFT based platform in the long term; they predicted that the AXS price may struggle to reach $267 by the end of 2022.
Digitalcoinprice revised its price prediction on AXS. According to them the price will reach $170.02 by 2021 and rally further to cross $280.38 by the end of 2024. By the end of 2025, the price may hit $355.01.
Our AXS Price Prediction:
The AXS seems to be unstoppable with a series of events lined up for launch. This NFT based platform is the best-suited investment in the current uncertain market scenario.
According to Coinpedia’s formulated Axie Infinity price prediction, if the network launched upgrades such as AXS staking, Lan Gameplay Community, the mainstream release of the app on iOS/Android as per their plan, the price may easily surpass the $100 mark this year.
If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $54.58.
As a long-term prediction, in the future, the network may plan for its expansion across various countries, where it may face regulatory issues, and uncertain market crashes and speculations regarding the coin’s pump to dump, AXS price may further dip to $81.22 by 2022.
Considering everyday buy and sell pressure and keeping the above factors in mind the average price by the end of 2022 would be $119.25.
|Year.||Potential High.||Potential Low.|
Historic Market Sentiments:
Axie Infinity entered the market in November 2021 with an ICO of $0.1. As the network entered the market almost in the year-end price hovered at the value of $0.5 with no activity.
Based on the data, it can be predicted that it is Profitable to invest in Axie Infinity for the long term. By long-term, we mean that the Axie Infinity price forecast for a period of 5+ years.
Axie Infinity (AXS) has a tremendous potential to reach new ATH’s as many updates are lined up for launch. According to crypto influencers and experts, AXS can hit the $200 mark by the end of 2025.
Axie Infinity (AXS) is available to trade on major crypto exchanges like Binance, Huobi Global, FTX, KuCoin, etc.
If the current bullish trend continues and if the network executes updates and partnerships as per the plan, LUNA is expected to hit at least $250 by the year-end.