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!
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AXS Price increased dramatically 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.
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. 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 (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!
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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 by the end of Q3.
AXS Price Prediction Q4: The protocol has experienced exponential growth since the start of the quarter. In the meantime, the launch of the AXS staking pool catalyzed the price action post late Q3. The NFT token hit ATH at $165.37 on Nov 06, 2021.
Overall, The token could surge beyond the $200 mark with an extreme bullish sentiment. On the contrary, the AXS price would reside between $65 to $70, if it falls far into a bullish trap.
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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 $64.15.
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 $250 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 downsides, if the network fails to attract new community bases, and falls into prey for rumours, the bears may easily take over. In such a case the AXS price may plunge down to $145.28.
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AXS Market Prediction:
According to walletinvestor, they believe the AXS price might continue the bull rally and may easily hit a maximum of $215.572. The minimum price is $190.516 and the average price would be $202.599 by the end of 2021. They anticipate that the price may hit the milestone of $2063, the average AXS price is expected to smash $1526.480. On a bearish note, the token would plummet to $962.646.
Gov. capital has revised their prediction for AXS price, they expect token to hit a maximum of $214.98. On the contrary, they believe, trend reversals in the market would plummet the price to $158.199. And with average buy and sell pressures it would end up trading at $186.941. The website has also made a whopping prediction in the long term, they expect the price to surge maximum of $3,403.75. Average and minimum probabilities is being $2959 and $2515 respectively by the end of 2025.
Digitalcoinprice revised their price prediction on AXS. According to them the price will reach $217.5 by 2021 and rally further to cross $358.7 by the end of 2024. By the end of 2025, the price may hit $454.17.
The website is hopeful of AXS’s price to claim ATH of $164.17 by the year’s end. Average and bearish cases are being $144.41 and $159.61 by the end of 2021. The long-term prediction appears to be bullish for the altcoin as they expect AXS to hit a maximum of $895.70. On the contrary, they expect the price to plummet to $755.09 and in average case, it would end up trading at $776.25 by the end of 2025.
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 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 $200 mark this year.
If the network fails to execute its plan, then the price can flip into a bearish trap and dip to $74.58.
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 $211.22 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 $179.25.
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.
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