The Blockchain has evolved rapidly over the years and is now finding a solid footing across various facets of software development. From the development of smart contracts to DApps, DeFi software, DAOs, NFTs, and now Metaverse, the technology has continued to disrupt several industries while also gaining more use cases.
One of the growing trends in the crypto space is blockchain gaming, and Axie Infinity is worthy of mention. Let’s learn more about the Axie Infinity project, its features, gameplay, governance token, and price analysis.
What is Axie Infinity?
Axie Infinity is a widely known blockchain-based game built on top of the Ethereum network. The game was created by Trung Nguyen – current CEO of Sky Mavis, a gaming studio based in Vietnam. The idea behind the creation of Axie Infinity is to showcase the potentials of blockchain technology in an educational and fun way while also offering economic opportunities. It has executed this successfully by becoming a prominent cryptocurrency ramp to the blockchain technology space.
Its development was inspired by the viral success of the Pokemon and Tamagotchi video game series. Furthermore, it features versatile, enjoyable, and open-ended gameplay that rewards players with various virtual token-related creatures, otherwise called Axies. These creatures can be traded, raised, or battled in real-time throughout the accrescent Axie Infinity ecosystem. Axies are NFTs (represented by ERC 721 tokens) with differing strengths and attributes, and they can be used to earn experience points in 3v3 battles.
Axies are available in four (4) rarity scales: common, rare, ultra-rare, and legendary. They can evolve or level up stats with experience points gained in battles. Also, Axies can be bred together to create unique and new offerings traded or used in the Axie ecosystem. Axie Infinity utilizes a play-to-earn model that allows players to receive crypto rewards for playing games on the network.
Axie Infinity governance token
The native crypto of the Axie Infinity universe is AXS (Axie Infinity Shard) – an ERC-20 token – and it is used for governance, staking, and payment.
Players in the Axie universe can stake their tokens to earn newly generated AXS. In addition, stakers are required to play and vote to earn rewards.
AXS crypto is utilized as the official currency of the Axie ecosystem or NFT Marketplace. Furthermore, it may be used as an eligibility criterion or tender for participation in auctions and sales carried out by the Axie team.
The ecosystem’s treasury launched in early 2021, and it began receiving revenues generated within the network and particular portions of rewards from staking. Since the design of Axie Infinity supports the transition to entirely decentralized governance, some of the developmental decisions on the network are taken by AXS stakers. As soon as the network becomes sufficiently decentralized by October 2023, Axie Infinity is expected to transition to a fully community-owned decentralized organization.
Source: Axie Whitepaper
AXS was developed to align the rewards/incentives between developers and game players in an exciting way. The mechanism in the diagram above describes the goal to attain simultaneous incentivization of a token holder(s) or players for interacting with the Axie universe. Also, it depicts the decentralization of the network’s governance and ownership.
The other token on the network is the SLP or Small Love Portions, an in-game token utilized in the nurturing of Axies.
How Axie Infinity works
The core of Axie Infinity’s gameplay is focused on breeding (nurturing) and battling Axies – the token-related creatures integral to the ecosystem’s experience. Typically, Axies are differentiable by two features, class and body parts. These features can help determine their rarity level and also distinguish them from one another. In addition, each Axie is characterized by four (4) stats, namely Speed, Morale, Health, and Skill, which are all integral to the gameplay mechanics. These stats decide the damage tolerance of each Axie, its attack potency, etc.
Axies are available in three (3) secret categories, Mech, Dawn, or Dusk; and six (6) regular classes, Reptile, Aquatic, Plant, Beast, Bug, or Bird. Each class is characterized by its weaknesses and strengths, which indicate how they match up against other classes. By the rules of the Axie Universe, Aquatics have a strength advantage over the Mech, Beast, and Bug classes but are weak compared to Dusk, Reptile, and Plant Axies. Additionally, Axies have six (6) body parts: eyes, tail, back, mouth, ears, and horns. Except for the ears and eyes, other parts have distinct abilities which influence their capacities in battle.
Axie Infinity can be played in two modes; Adventure mode or Arena mode. Players can earn SLP or AXS in either game mode. The game also offers the opportunity to battle built-in non-player combatants known as Chimera to earn rare treasures and additional tokens to upgrade your characters. Like in the real world, Axies can create offerings with unique capabilities and features. Breeding or nurturing can take place up to seven (7) times, and each time it occurs, more AXS and SLP are required. Usually, Axie offspring will undergo development for five (5) days and become battle-ready afterward. They can also be sold on the Marketplace or continue breeding.
The Axie ecosystem does not only allow players to trade and collect creatures; it also affords them tokenized virtual lands, known as Lunacias, that will serve as a habitat for their Axies. In the future, third-party developers can leverage the Lunacia SDK to create exclusive games.
The Axie Marketplace
The Axie Infinity marketplace is the best place to access Axies put up for sale or recent sales history. Players can engage the filter feature to optimize the search query when looking for Axies that suit their desired price, stats, body parts, class, etc. Axies can be bought via a Ronin Wallet by first funding it with ETH.
Now that we have provided you with detailed information about Axie Infinity, will AXS be profitable in 2021 and beyond? Let’s get into its past price analysis, current market status, and price forecasts.
AXS Past Price Analysis
According to data obtained from Coinmarketcap, AXS began trading at a market price of $0.1798 and soon hit its all-time low at $0.1234 by November 6, 2020. By January 27, 2021, the coin attained the $1 mark for the first time, and by February 13, 2021, it had already experienced a price gain of over 90% and traded at a maximum market price of $2.07. By July 6, 2021, AXS reached a maximum price of $11.81, and it continued on a bullish trend until it attained its current all-time high of $165.37 on November 6, 2021.
The 90-day low of AXS is $48.25, and its highest price within this period is $165.37. The chart shows that the price momentum has been bullish over the past 90 days, with uptrends since the start of October 2021.
Based on the last 30 days, Axie Infinity has had a bullish run. Its lowest price within this period is $116.54, and the maximum price is $165.37, as depicted below.
Over the past 7 days, AXS’s least price is $132.84, and its highest price is $154.68, as shown on the chart below. The chart shows that AXS has been on a bearish run in the past few days.
However, if bought at the earliest known market price, per Coinmarketcap, the ROI on AXS is over 134,000%. The past price analysis of AXS is typical of a coin with long-term potentials.
Axie Infinity (AXS) Current Market Status
Currently, Axie Infinity’s price is trading at 135.06 USD, and its 24-hour trading volume is 407,513,618 USD. The asset price has fallen by 7.46% in 24 hours, and it ranks at no. 25. Its current market cap is 8,212,893,063 USD.
In addition, the maximum supply of AXS tokens is 270,000,000, and its circulating supply is 60,907,500.00 AXS.
Axie Infinity Technical Analysis
The chart below shows a descending pattern for AXS. In other words, AXS has not performed well in the past few days. However, a trend reversal could be imminent, depending on whether or not the bulls turn to Axie infinity crypto. If the bulls favor the coin, it might break out from its downtrend position and reverse to bullish price momentum. Conversely, AXS could continue on a downward trend if the bulls do not turn to it.
The RSI indicator in the chart above has a value of 18.56, which indicates that AXS is strongly oversold, and a further price fall may be imminent. Although, a price reversal could occur anytime, forming a new upward trend. Said, the Axie Infinity coin could be getting set for a potential bullish rally in the coming days, or maybe not. Investors are advised to monitor the price activity of this coin to determine the best entry point for maximum ROI. In addition, selling off your AXS tokens at this point is not recommended.
Now, let’s get into our expert cryptocurrency price prediction.
TradingBeasts AXS price forecast
TradingBeasts provides a bullish AXS price prediction. The maximum price of the coin for December 2021 is predicted to reach $157.853. Also, the minimum and average prices for the month are $107.340 and $126.283, respectively.
The AXS price predictions from TradingBeasts for 2022 are bullish, with the coin is expected to start the year with a maximum price of $162.293, a minimum price of $110.359, and a mean price of $129.835. TradingBeasts expects AXS to surpass its current ATH by February 2022 and reach a maximum price of $167.015.
The Axie Infinity token is forecasted to reach a maximum value of $193.267 and a minimum value of $131.422 by July 2022. The least AXS price for the year is $110.359, and the maximum market value is $223.612.
By 2023, AXS is expected to carry on with its positive price momentum for 2022. The maximum forecasted price for January is $229.924, and the minimum price for the month is $156.348. Also, the mean price for the month is $183.939.
By the end of the year, the price of this asset is forecasted to reach a maximum value of $295.785, a minimum value of $201.134, and an average value of $236.628.
The expected minimum value of AXS by 2024 is $205.020, and its all-year maximum price is forecasted to reach $357.939.
Wallet Investor AXS Price Prediction
The Axie Infinity price prediction from Wallet Investor is very bullish for the following days and the long term.
The short-term forecast trend line in the chart above shows an uptrend for AXS, with the coin expected to be trading above the $150 mark in the coming days. The predicted minimum price for the upcoming days is $142.364, and the maximum forecast price of the asset is $159.927, as seen in the tabular price forecast below.
According to Wallet Investor, AXS is forecasted to reach up to $493.054 over the following (1) year, as seen on the long-term trend line chart below.
The forecasted price growth means that the long-term earning potential of AXS is 265.063% in one (1) year.
DigitalCoinPrice Axie Infinity price prediction
According to the AXS price forecast by DigitalCoinPrice, the mean price for November 2021 is $226.98. Also, the average price of AXS by December 2021 is $180.95.
The predicted average price of the cryptocoin at the beginning of 2022 is $213.75, and by mid-2022, its forecasted average price is $227.83.
The predicted average AXS token price by the end of the year is $219.71.
By 2025, AXS is predicted to have an average price of $462.75 in January, and by October, its average price is forecasted to reach $455.77. The average price of Axie Infinity for the end of the year is $364.16.
Cryptopredictions Axie price prediction
According to the Axie Infinity forecast from Cryptopredictions, the maximum predicted price for December 2021 is $112.206, and its maximum price is expected to rise to $165.009.
By 2022, AXS is expected to have a minimum price of $115.387, an average price of $135.750, and a maximum price of $169.687 at the beginning of the year.
Cryptopredictions expects a sustained price uptrend for 2022, as a price rise of 70.68% is expected by June 2022. By the end of the year, AXS is forecasted to reach a maximum price of $236.206 – a 104.71% positive price change from its least expected price.
By 2023, the least expected price for AXS is $165.310, and its maximum price is forecasted to reach $314.758.
The expected trading range for 2024, as seen in the tabular forecast below, is $218.240 – $381.748.
AXS is forecasted to have a minimum price of $263.054 and a maximum of $436.872 by 2025.
AXS forecast by PricePrediction
According to the expert analysis from PricePrediction, Axie Infinity is forecasted to attain a maximum price level of $252.31 by 2022.
By 2023, AXS is forecasted to have a minimum price of $323.75, an average price of $332.91, and a maximum price of $391.81.
Axie Infinity is expected to run with the bulls in 2024, and its minimum price is $456.51. The maximum price of the asset is forecasted to reach $566.84, and its average price is expected to be $469.82.
By 2025, AXS is expected to reach a maximum price of $768.06 – a 468.68% price rise from its current market value. Also, its minimum expected price is $684.02.
As seen on the tabular price forecast above, Axie Infinity is forecasted to hit a maximum level of $5,360.35 by 2030 – a price rise of 3868.86% from its current price. The average price of AXS is expected to be $4,551.33, and its minimum expected price is $4,424.81.
Longforecast AXS price prediction
The Axie price forecast from Longforecast expects AXS to have a maximum price of $189 and a minimum price of $116 by December 2021. The predicted closing price for December is $125.
By 2022, AXS is forecasted to continue with an upward price movement. The predicted price range for January 2022 is $125 – 155, and the closing price for the month is $145.
By the middle of the year, the forecasted minimum price of AXS is $185, and its minimum price is expected to reach $230. AXS is predicted to rise to a maximum market price of $250 by December 2022.
The predicted minimum price of AXS for 2023 is $206, and its maximum price is expected to reach $307.
Cryptopolitan price prediction 2021 – 2025
Axie Infinity Price Prediction 2021
According to the Fibonacci pivots in the table below, the Resistance Levels R1, R2, and R3 of AXS are $160.20, $181.55, and $216.12, and its Support Levels S1, S2, and S3 are $91.06, $69.71, and $35.14, respectively.
Although AXS has been on a bearish price trend lately, its performance within the last 30 days has been good. If it continues with the positive run from the previous 30 days, it could well overtake its R1 and R2 in no time. However, if the current trend continues, the price of AXS might plummet to $91.06 or below by the end of December 2021.
Meanwhile, our price forecast for AXS in the remainder of 2021 is bullish, as we expect the crypto to break past its psychological resistance and surpass its current ATH by the end of the year.
AXS price prediction 2022
If AXS continues its bullish trend, it might reach USD 210 by December 2022. We do not expect any significant price decline for the cryptocurrency in 2022, and with upcoming developments and partnerships in the ecosystem, our optimistic prediction is very much achievable within a year but undoubtedly doable soon.
AXS price prediction 2023
Axie Infinity coin can hit newer heights in 2023 if it maintains its bullish run from 2022. We expect a price rise up to USD 340 within the period under consideration.
AXS price prediction 2024
With the rollout of upgrades, new projects, and significant developments, AXS might get a price boost up to USD 500.
AXS price prediction 2025
By 2025, Axie Infinity cryptocurrency could well be trading above USD 700, with the possibility of attaining newer heights, making it a significantly good investment.
The Axie Infinity (AXS) price predictions above are bullish, and the crypto could well turn out to become a must-have digital asset for investors looking to earn a significant profit in the long run. However, it is essential to note that the performance of any coin in the crypto market is subject to several variables. In other words, it is almost impossible to accurately predict the future price movements of any digital asset, as the crypto space is super dynamic and volatile.
Hence, investors must carry out some more research and invest when the time is right.
Will AXS price rise or fall?
Based on the USD predictions, the price of AXS is expected to rise.
What will the AXS coin be worth in five (5) years (2026)?
By 2026, Axie’s price could reach a maximum of about USD 1,200, as per our USD predictions.
Will Axie Infinity crash?
The prospects and price analysis of this crypto do not point at the possibility of a crash.
Is it profitable to invest in Axie Infinity tokens?
Where to trade AXS?
AXS is listed on several exchanges, including major crypto exchanges, with various trading pairs, including AXS/USDT, AXS/USDC, AXS/BNB. AXS/BUSD, AXS/BTC, AXS/EUR, AXS/ETH, AXS/USD, and so on.
Is Axie Infinity legit?
Yes, the Axie Infinity is legit.