Cryptocurrency Price Prediction

Axie Infinity (AXS) Price Prediction: Will The Price Surpass The $200 Milestone In 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Apr 13, 2022

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One of the growing trends in the crypto space is blockchain gaming. The young and promising project that is ruling the gaming sector is Axie Infinity. The platform has its own native token AXS. This protocol came up with stunning functionality, where traders can earn through gaming. And well, It was a huge success!

AXS’s price has increased dramatically since its inception, with an ROI of 47,274.35%. Its exceptional performance and notable revenue have turned heads in the industry. Marketers are still wondering if they should get some AXS before it’s too late. In this write-up, we illustrate the feasible price projections of AXS for 2022 and beyond!

Overview

Cryptocurrency.Axie Infinity.
Token.AXS.
Price.$113.40 on October 2nd.
Market Cap.$6,904,246,273
Trading Volume.$4,347,338,291
Circulating Supply.60,907,500.00 AXS
All-time high.$119.92, October 2nd,  2021.
All-time low.$0.1234, November 2021.

Axie Infinity (AXS) Price Prediction For 2022

Potential LowAverage PricePotential High
$115.07$169.04$191.77

Axie Infinity had commenced the year continuing its downtrend from the previous year, with a price tag of $92.18. Which further took a slide to $67.18 by the 10th of January. While the price of AXS did pose a leg-up to $83.85. The altcoin had a fall to its support at $47.95, by the 24th of January. Following an up-trend seen on the 5th of February, the price spiked to $71.67, by the 7th of February.

However, turmoil in the business resulting from war, and anxiety around FED’s rate hike, pushed the price back to its support levels. AXS was then seen hovering closer to its support levels until the 23rd of March. When it scripted a spike, which made way to its quarterly closure at $69.74.

Axie Infinity’s (AXS) Price Prediction For Q2 

 AXS price would need to construct a healthy momentum. In order to establish a firm hold at its crucial resistance at $67.18. A bullish leg-up from which could push the price to its quarterly high of $84.49. Conversely, with negative sentiments amongst traders and failing to construct an uptrend, the price could hit its potential low at $54.36. That said, an equilibrium in trade practices could settle the price at $68.47.

AXS’s Forecast For Q3

A move from the potential high of the second quarter would open up doors to the resistance at $95.38. An inclining surge from which, could lead the price to $111.41, followed by its potential high of $131.17. On the flip side, NFTs and gaming the sector, losing out on glimmer could drag the price down to $83.85. Considering the maximum and minimum targets, the regular price could find place at $117.18

AXS Prediction For Q4

According to the network’s whitepaper, the network is coming up with a series of updates. Such as AXS staking, Land gameplay community alpha, and mainstream release of the application on smartphones. Which could propel the price to its ATH of $164.90. Seeking further impetus from its growing userbase and transaction volumes. The price could hit its potential high of $191.77.

Conversely, the project not standing true to its expectations could suppress the price down to $115.07. That said, with a balance in buying and selling pressures, the price could settle at $169.04.

Axie Infinity Price Prediction For 2023

 The NFTs and gaming sector could further flourish in the cryptosphere in 2023. This would bring impetus to the price action of AXS, which could rocket to its maximum of $389.718. However, negative criticism and depleting volumes could land the price at $186.30.

Price Prediction For The Next Five Years

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 their way. If the network successfully executes the planned events, then the price may hit $964.95 by the next five years.

On the downside, if the network fails to attract new community bases, and falls prey to rumours. The bears may easily take over. In such a case the AXS price may plunge down to $741.01.

YearPotential LowPotential High
2023$186.30$389.718
Next 5 Years$741.01$964.95

What Does The Market Say?

Wallet Investor:

According to Wallet Investor, AXS’s price is expected to hit its potential high of $151.289 by the end of 2022. The prediction pins minimum and average targets for AXS at $64.631 and $106.295 respectively. That said, the maximum year-end targets for 2023 and 2025 are set at $227.643 and $394.629.

Gov.Capital:

Gov. capital has revised its prediction for the AXS price. It now expects the token to hit a maximum of $289.187 by the end of 2022. On the contrary, the firm believes, that trend reversals in the market would plummet the price to $213.746. And with average buy and sell pressures it would end up trading at $251.467. 

The website has also made a moonish prediction for the long term. The analysts from the company expect the price to surge to a maximum of $744.05 by the end of 2023. And $2224.20 by the end of 2025.

Digital Coin Price:

Digital Coin Price has revised its price prediction on AXS. According to analysts, the price will reach $66.20 by 2022. And rally further to cross $77.21 by the end of 2023. That said, the forecast expects the price to hit a maximum of $103.64 by the end of 2025.

Price Prediction:

The website expects AXS’s price to hit its annual high of $77.96 by the end of 2022. The analysts from the company have also made predictions for the long term. They expect the price to hit a maximum of $238.33 by the end of 2025.

Click here to read our price prediction for The Sandbox!

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. AXS is a play-to-earn token built on the ETH (Ethereum) network, which is used for governance on the platform. This revolutionary concept was developed in the year 2018. By Trung Nguyen, Aleksander Larsen, Tu Doan, Andy Ho, and Jeffrey Zirlin.

The 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 with unique features and benefits that will take a turn to compete in 3v3 battles. The winning team earns more 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.

Fundamental Analysis

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 gained experience 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 had 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.

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 fulfil 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!

Our AXS Price Prediction

The AXS seems to be unstoppable with a series of events lined up for launch. According to Coinpedia’s formulated Axie Infinity price prediction. If the network witnesses the timely launch of upgrades the price may easily surpass the $190 mark this year.

If the network fails to execute its plan, then the price can also dip to $115. Considering everyday buy and sell pressure and keeping the above factors in mind the average price could be $179.25.

Historic Market Sentiments

2020:

Axie Infinity entered the market in November 2020 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.

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. And 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 its value, dropping to $3. Till the June end, it consolidated around the same price. The increased popularity of NFTs 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 by the end of Q3. The fourth quarter had commenced on a bullish note, with a price tag of $75.76. Which spiked to $155.18 by the 4th of October. But faced a pullback to $114.21 by the 11th of October. The altcoin had initiated another leg up and brushed the $165.27 mark, by the 7th of November.

However, the price slipped from the levels, which continued until the 21st of December, when the AXS price showed upticks. AXS price was seen trading at $109.80, on the 27th of December. The leg up was short-lived and resulted in the annual closure at $92.15.

To read our price prediction of VeChain (VET) click here!

FAQ

Q: Is Axie Infinity (AXS) a good investment?

A: Yes, AXS is a profitable investment if considered for the long term. As we would witness NFTs and blockchain games thriving in the near future. 

Q: How high could AXS trade by the end of 2022?

A: The digital asset could possibly trade as high as $191.77 by the end of 2022.

Q: What can be the maximum trading value of AXS by the next five years?

A: AXS price could probably trade at $741.01 by the next five years.

Q: Where can I buy Axie Infinity’s AXS?

A: AXS is available for trade across prominent cryptocurrency exchange platforms such as Binance, Huobi Global, FTX, and KuCoin, amongst others.

Q: What is the ROI of AXS?

A: The ROI since the least known value is an astonishing 47,274.35%.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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