Axie Infinity AXS Price Prediction & Forecast 2023 2030
If a sell-off occurs, the minimum price expected in our prediction sits at $18.59. By the time it is 2029, the potential high of the coin may have reached $46.71, as per our Axie Infinity crypto price prediction. Looking at the past performance of the Axie Infinity (AXS), the minimum and average prices may be around $32.45 and $39.58, respectively. Our Axie Infinity crypto price prediction suggests that the token’s price might record a decent recovery.
Furthermore, a corresponding hike in the development activity metric can be observed, especially since mid-June. But on the flip side, the price seemed to disregard how to buy flokinomics this reading as it kept declining amidst the broader ‘fear’ sentiment. This Program serves as a booster for community-created games and experiences.
But the gaming platform has ceded ground to Alien World, Splinterlands and other P2E games, which could affect investors holding AXS. Although this could offer bulls little hope, Bitcoin [BTC] was stuck at the $27k price zone at press time, making a strong AXS recovery far-fetched. Interestingly, since August 2022, AXS has failed to break above key trendline resistance. The highest UAWs Axie Infinity hit in Q was 17.98k on 23 January, according to DappRadar. From the above chart, we can interpret that the price action of AXS is dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of AXS decreases, if the price of BTC and ETH decreases, the price of AXS increases.
Axie Infinity (AXS) Price Prediction for Today
The AXS coin experienced a pull back and was pulled back into the consolidated range and has been trading within since. However, at press time, the metrics stood at $1.2 million and 28.8k, respectively – A sharp drop that affected AXS’s price performance too. The loss in network traction amidst increased competition dented Axie Infinity’s native token – AXS – too. Axie Infinity (AXS) is the governance token of Axie Infinity, an Ethereum-based play-to-earn (P2E) NFT game.
But if that resistance level caves, Axie Infinity could rally toward the $7 range. If they sell to avoid the inflationary impact of the upcoming token unlock, AXS price will likely retrace. Notably, the upcoming $70 million token unlock event is four times larger than the previous one. Hence, other stakeholders in the Axie Infinity ecosystem will likely join the bearish action in the coming weeks.
SOL price has seen growth amid the ongoing trial of FTX’s Sam Bankman-Fried. Polygon (MATIC) registered a 5% price dip hours after co-founder Jaynti Kanani announced his exit from the project. Kanani is known for his significant contributions to the Polygon ecosystem since 2017. Since whales hold most of the supply, the lack of transactions from them is resulting in no recovery, as well as a consistent decline in price.
Investing is speculative and when you invest money, your entire capital is at risk. You should do your own research before investing in any company or product. This graph contains dummy data, create an account to view the real predictions. With ELDG, you will be able to experience the world’s most amazing destinations, without having to worry about the cost. Recent price declines and moderate volatility rank might indicate that Dogecoin (DOGE) has lost some of its luster. Solana boasts 400 million SOL tokens staked, representing a staking rate of about 71.3%.
- Furthermore, if the recovery momentum manages to push AXS above the resistance level marked at $4.84, it would invalidate the bearish thesis, opening the altcoin up to a two-month high.
- But investors need to be careful with the ongoing BTC rally as it could be a trap for early bulls.
- This confirms the facts regarding AXS crypto’s bearishness in upcoming sessions.
By the end of 2023, the Axie Infinity’s price is forecasted to have a maximum value of $14.79, while the average price may be around $10.44. Fundamental analysis should be a part of your analysis when creating your own Axie Infinity price prediction. Researching what the Axie Infinity Team is doing in the next few months can help you determine whether or not an investment will be profitable after certain events, roadmap goals or milestones are met. Technical analysis holds more weight against fundamental analysis in determining short term AXS price movements but it’s important to acknowledge upcoming events in the coming weeks and months.
Axie Infinity’s Short Term Price Prediction
Axie Infinity universe offers many benefits, but the year 2022 was not the best for the cryptocurrency market. The market was extremely volatile, and the risk-to-rewards ratio was also unfavorable. The year 2023 has been slightly better for crypto investors as the market has been recovering.
From the readings on the chart above, we can make the following inferences regarding the price momentum of Axie Infinity (AXS). From the readings on the chart above, we can make the how to buy matrix ai network following inferences regarding the current Axie Infinity (AXS) market in 2023. Besides, the token also exists as a BEP-20 token, compatible with the Binance Smart Chain (BSC).
AXS/EUR Pair
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Let us now compare the price movements of Axie Infinity (AXS) with that of Bitcoin (BTC), and Ethereum (ETH). Sky Mavis co-founder and growth lead Jeffrey Zirlin says Axie Infinity wants to double down in South Korea, which they see as one of the most important gaming markets in the world… However, it becomes vital to take note of the corresponding impact on the increased costs for the users. The efficacy of these developments alongside the competitor’s moves could influence AXS’s trajectory in the coming months.
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Whale addresses currently hold about 255 million AXS worth over $1 billion, representing 94.5% of the entire circulating supply. Axie Infinity price has been in a downtrend since the beginning of the year after marking the 2023 highs in late January. AXS could see some movement in the upward direction, but for the same to happen, one crucial cohort would need to change their stance from inactive to active. This cohort is the Whale addresses that have been dormant for nearly 17 months now.
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Additionally, to breed Axies, users would require Smooth Love Potion (SLP), which are the in-game token rewards. Players can earn SLP tokens during the gameplay and trade them for money at an exchange. Axie Infinity is a Pokemon-inspired play-to-earn metaverse game that is powered by the Ethereum blockchain. Axie’s metaverse, also known as Lunacia is made up of over 90,000 land plots. The Axies use this Land as their home while the users can freely exchange these Land plots, which are represented as NonFungible tokens (NFTs).
For perspective, Alien World, the top-performing P2E in Q1 2023, had an average of 223k daily UAWs (dUAWs). One way to track blockchain games’ popularity and traction are through UAW (unique active wallets) and user activity. A devoted content specialist who is inquisitive on exploring crypto and blockchain technology. She is fond of providing innovative contents that tugged her to write for NewsCrypto. Axie Infinity (AXS) hit its current all-time high (ATH) of $165.37 on November 07, 2021. With the ongoing developments and upgrades within the Axie Infinity platform, Axie Infinity (AXS) has a high possibility of reaching its ATH soon.
Axie Infinity’s Long Term Price Prediction
Fundamental analysis of Axie Infinity is crucial when predicting the price of the AXS token in the long term. Long term trends determined by technical analysis from years of historic price data will assist in predicting the years ahead, but fundamental analysis is key. You’ll need to keep track of newsletters, social media, upcoming events, overall Investor sentiment and market conditions as they change over time to determine when how to earn free crypto to buy or sell at the right time. Creating a Axie Infinity price prediction from collated data is an overall useful step in determining whether a long term investment is expected to be profitable. AXS price prediction showcases the decline of AXS crypto price from the higher level over the daily time frame chart. However, trading volume has been below average and needs to grow for the AXS crypto price to sustain at a higher level.
Predicting the price of AXS can also be useful for determining sell targets if you’re already holding AXS and wondering where to sell for the highest profit. It’s understandable that most investors don’t have the full time capacity to follow the markets at all times or predict their potential movements. But before digging into the Axie Infinity price analysis and forecast, allow us to reiterate the fundamental rules of proper approach towards investing in cryptocurrencies.
