Will Axie Infinity (AXS) Rise Again?

As the metaverse, blockchain gaming, and NFTs rise as emergent industries spanning from decentralization, Axie Infinity takes root as one of the most adopted blockchains for governance, gameplay, and non-fungible tokens.

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 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.

AXS began trading at $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

Price Prediction By  Authority Sites

#1 Wallet Investor Wallet Investor sees AXS as a bad long-term investment for 2022-2031. They predict that the price of one Axie might drop to $4.24 in December 2023 and then slowly start crawling downwards below $4.24 by December 2025.

#2 DigitalCoinPrice Digitalcoinprice has a more optimistic long-term prediction for Axie Infinity than Wallet Investor. They have stated that by December 2025, one Axie might be worth $29.06, an increase of 51 percent from the current value.  Axie Infinity’s price will likely dip to $23.38 in April of the same year.

#3 Price Prediction Price Prediction net states that the price of one Axie might go up to a maximum price of $29.25 by December 2022. They have forecasted that there will be a few peaks and troughs in Axie Infinity’s price, but it will mostly remain above a minimum price of $25.92 throughout the year.

Cryptopolitan  Price Prediction

2022 Axie Infinity might not cross $29.25 by December 2022, trading at an average of $26.71.  2025 AXS might reach a maximum price of $100.14 by December 2025. The average price is expected at $86.67.  2030 Axie Infinity might touch $672.89 by the end of the year. The average price for the year is expected to be $556.99.

Axie Infinity is one of several legitimate play-to-earn games that gained popularity in pandemic-stricken 2021. With around 2.8 million active players, it is firmly positioned to become part of a growing metaverse trend in 2022.  However, it is crucial to remember that market trends can always change. Always do your research on every project.

Is Axie Infinity legit?

Disclaimer

Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.

Read More Stories

NEXT STORY

US and UK Regulators join hands