Cryptocurrencies have gradually permeated the mainstream consciousness and gained traction. However, many of them do not stand the test of time and will continue to do so as long as they see mass adoption. When a revolutionary asset steps in, this is possible, focusing on what the masses aspire to: Fun.
Axie Infinity is based on the Ethereum blockchain. Axie Infinity is a token used in a blockchain-based game where users can collect and build using cryptocurrencies.
Players can earn AXS cryptocurrency by playing the game, and AXS tokens can be exchanged on some crypto exchanges. The Monster-battle NFT game gains tremendous popularity all over the world. Therefore, this can boost the overall growth of the ecosystem and ETH according to our Ethereum price prediction.
Through entertainment, one could focus on creating more wealth, which became evident when the Axie Infinity protocol was invented. A gaming token meant to be Axie Infinity Shard Token was created, especially with some to bring the eclectic fusion of cryptocurrency and gaming benefits. All the benefits of the game are based on blockchain algorithms where anyone has the immense possibility to win tokens with their merit of gaming acumen, creating more ways to win in a fun way. Before we start with the actual price prediction of Axie Infinity, let’s review the overview.
Being founded on the benefits of the gaming industry, cryptocurrency and blockchain, Axie Infinity is based on the Ethereum (ETH) network. And that’s not all. There are infinite ways to earn Axie, but being part of the cutting-edge technology, i.e. Blockchain rewards players for engagement, is completely unheard of, but in the world of Axie Infinity. So get ready to take part in the Play to Earn revolution called Axie Infinity!
Axie Infinity (AXS): Defining Infinite Possibilities
Inspired by the Pokémon identity-based universe, Axie Infinity allows users to earn tokens that showcase their gaming abilities by battling, collecting, breeding and building an earthly kingdom for their pets. All of Axie’s assets and genetic data are simply scalable by third parties allowing the entire developer ecospace to find the basis for their own tools and experiences. Founded very recently in 2018, although the Axie protocol is still at a nascent stage of its inception, Axie has ranked Ethereum game #1 and remains one of the top choices for daily, weekly and monthly active users.
Being an important source of revenue for Ethereum, Axie Infinity has generated more than 6,400 ETH so far. On the one hand, Axie symbolises an era of gaming and entertainment; on the other, it reflects a value of social responsibility in that it creates employment opportunities for the masses and builds a strong community environment that carves the roadmap towards a sustainable platform. Users can own the Axie Infinity native token from the Axie marketplace, collect them and use them in an ever-expanding gaming universe!
Conceptualising the Axie Infinity protocol has brought one more fact into focus: the benefits of Blockchain go beyond the boundaries and limitations of the financial sector. Designed to address various bottlenecks in finance, Axie Infinity (AXS) is set to make lives more empowered and expeditious.
In a unique way, the Axie Infinity protocol has also helped eradicate the challenges of blockchain data accessibility. They also came in bundles, whether it was redundant costs or speed or middleman role-playing. It is entirely focused on giving users the benefit of efficient data transfer that would make their games and transactions fast and flawless, thus justifying its paradigmatic role in the digital ecospace.
Axie Infinity (AXS): The historical data
Aspiring to be ranked as the obvious first choice in gaming and earning platforms, the AXS native token is the best option to realise dreams of versatile earning possibilities. Axie Infinity has strong support from its parent Axie Infinity Foundation which contributes significantly to the collective sales.
However, following technical price analysis, the Axie Infinity ecosystem has shown tremendous potential, consistently demonstrating hidden potential. AXS today shows a significant recovery showing a fairly bullish pattern driven by strong growth despite adverse trends in the cryptocurrency market. Competing with counterparts such as Stellar and Ethereum, Axie Infinity is among the top 10 coins.
Axie Infinity, the native token that is traded on various exchanges by millions of users worldwide, has yet to position itself in the mainframe of investment-worthy coins based on basic functionalities. This cryptoasset is yet to gain traction among investors as the market shows uncertainty towards its inherent potential.
Technical analysis of Axie Infinity
With a market cap of $2,686,832,085 and a trading volume of $2,097,401,279, Axie Infinity’s current price action reflects a moderate correction. AXS price is hovering around $44 and has many good reasons to surprise users based on the latest news updates on the NFT boom.
Axie Infinity has a current circulating supply of 60,907,500 AXS, and the founders of Axie Infinity are very optimistic that, being a leader, mass adoption of Axie Infinity holds a lot of promise for its fans according to their technical analysis.
AXIE INFINITY (AXS) PRICE FORECAST: 2021-2025
Volatility is the inherent attribute of Axie Infinity, so any kind of wild price prediction would be an uphill task. However, going by the price forecast and expert sentiments, the mood seems quite positive. Since last month, the price of Axie Infinity (AXS) has reflected a tremendous rally. Will the latest developments help the price of AXS to trade higher? Let’s proceed with the unbiased crypto forecast for the AXS token.
Axie Infinity 2021 Price Prediction
Since the beginning of this year, there has been a bear market hold on Axie Infinity (AXS). The token was trading around its support levels, but has marked a big upside momentum since last month. This digital asset is set to break all barriers and perform exuberantly, scaling its crucial resistance level as mentioned above if the market turns favourable.
Transgressing all limitations over the next year, AXS would surely rise and show signs of fortune for its users. Backed by strong smart contracts, Axie Infinity (AXS) price can easily touch its major resistance level of $65 by the end of 2021.
Axie Infinity 2022 Price Forecast
Given that there are no sudden jolts or a rocky road ahead for cryptocurrency markets, the AXS token is poised to assert its strong position as a major attraction among its users. The road ahead is full of petals as long as investor confidence continues to boom, resulting in a huge price momentum that leads Axie Infinity Shards (AXS) to cross all barriers by scaling the $80 mark.
Axie Infinity 2023 Price Forecast
Axie Infinity (AXS) has established a fast and reliable network and works with the user experience of the product. These features can help the AXS coin earn a much higher price than $96.80. If the momentum for functional cryptocurrency continues in 2023, the price of AXS may even see a paradigm shift, and users can make considerable gains.
Axie Infinity 2024 Price Prediction
There are quite a few Axie Infinity forecasts in the future for the token. Especially given the technological announcements and the progress the Corporation has designs on, there are assumptions that the AXS price may reach $120,145. The favour has been made mainly for the security and scalability features. Exciting promotional ventures may do the rest making investors reap the rewards.
Axie Infinity 2025 Price Forecast
AXS is actively involved in community initiatives. Given that they maintain momentum by gaining significant market capitalisation, their initiatives focused on education, outreach and innovations can take them to an appreciating $140 level.
In a long-term scenario for Axie Infinity forecast, say around 2026, the AXS token price is poised to accelerate pace with other cryptocurrencies to reach a price of $160 clearly. Staggering optimism is also forecast for AXS, mainly due to its steady performance over the years. Axie Infinity will stabilize to bring gallant returns for its investors.
Frequently Asked Questions (FAQ)
Is it profitable to invest in Axie Infinity (AXS)?
Based on the data, it can be predicted that it is profitable to invest in Axie Infinity in the long term. By long term, we mean the price forecast of Axie Infinity for a period of more than 5 years.
Where can you buy Axie Infinity (AXS)?
Axie Infinity (AXS) is available for trading on major cryptocurrency exchanges such as Binance, Huobi Global, FTX, KuCoin, etc. There are no direct fiat purchase options for AXS; you must buy Bitcoin with fiat money which can then be exchanged to AXS on compatible exchanges.
Is Axie Infinity the future?
The price of Axie Infinity today reflects a significant correction from a recent all-time high. However, based on the general price momentum since the beginning of this year, the price of Axie Infinity (AXS) will rise once again as it has a bright future and reaches new record prices in the coming years, sending a bullish AXS price prediction on the chart.
How is Axie Infinity gaining importance in the market?
AXS price prediction has gained importance because investors have placed their trust in this cryptocurrency. They realise that Axie Infinity is worth buying. For that matter, any cryptocurrency would lose value if people stop buying it. The price of Axis Infinity is poised to rise, and sure enough, AXS would be worth an investment.