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Axie Infinity Price Prediction 2023-2031: Aligning Rewards with AXS


Axie Infinity Price Prediction 2023 – 2031 

Now we realize the power of $HODL, and it is community. If you believe AXS is a stable and trustworthy token, you won’t be swayed/persuaded by everything else that goes on like a whirlpool outside your house, right? How did the current crypto exchange chaos affect Axie Infinity Price Prediction? Trust is the key and we will see that through the price movements of AXS in 2023.

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. In this Axie Infinity price prediction, we will look at how the token shaped the industry in 2022 and use the data in our future price predictions, starting with the brand-new 2023.

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 crypto is blockchain gaming, and Axie Infinity is worthy of mention. Let’s learn more about the Axie Infinity project, Axie Infinity price, its features, gameplay, governance token, and price analysis.

How much is AXS worth?

Today’s Axie Infinity price is $5.96 with a 24-hour trading volume of $46,427,159. Axie Infinity is down 1.40% in the last 24 hours. The current CoinMarketCap ranking is #55, with a live market cap of $596,611,446. It has a circulating supply of 100,125,814 AXS coins and a max. supply of 270,000,000 AXS coins.

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, the current CEO of Sky Mavis, a gaming studio based in Vietnam. The idea behind the creation of Axie Infinity is to showcase the potential 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 Price Overview


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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.

Staking

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.

Payment

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.

Governance and Axie Infinity shards

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.

Axie Infinity Price Prediction 2023-2031: Aligning Rewards with AXS 1

Axie Infinity price prediction 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 ecosystem works

The core of Axie Infinity’s gameplay is focused on breeding (nurturing) and battling Axies on the Axie Infinity shards – the token-based 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 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 influencing their battle capacities.

Axie Infinity can be played in Adventure mode or Arena mode. Players can earn SLP or AXS in either game mode. The game also allows you 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, gamers can create new and unique offspring creatures with unique capabilities and features. Breeding or nurturing can take place up to seven (7) times; 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 in the Marketplace or continue breeding.

The Axie ecosystem not only allows 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 2022 and beyond? Let’s get into its past price analysis, current market status, and price forecasts.

Axie Infinity Price History

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 bearish run. Its lowest price within this period is $49, and it has retested that level thrice within that duration. 

Axie Infinity Price Prediction 2023-2031: Aligning Rewards with AXS 2

Over the past 7 days, AXS’s lowest price is $49, and its highest price is $65, as shown in the chart below. The chart shows that AXS has been on a bearish run in the past few days.

Axie Infinity Price Prediction 2023-2031: Aligning Rewards with AXS 3

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 potential.

Axie Infinity Latest Developments

The blockchain-powered game Axie Infinity has been a very popular application during the last 12 months, as the game’s NFTs have outpaced every NFT collection today in terms of all-time sales. While Axie Infinity has seen $3.85 billion in all-time sales, according to a report on how Ronin, Axie Infinity’s sidechain, has seen exponential growth. In their first-ever Conference, Axiecon, Sky Mavis announced a series of new features and products for their famous play-to-earn game. These Include:

  • Axie Infinity: Origin will be renamed a more distinct brand for “Origin” Axies. 
  • Upgrading, or Level 2 parts, will unlock vertical progression for Axies, where they can evolve to have more powerful parts accompanied by brand-new visuals. The gameplay will require using resources and materials obtained throughout the Axie Infinity universe.
  • Sky Mavis also announced an ambitious multi-year project aimed at pushing the boundaries of Web3 games and being the gathering place for the Axie Infinity digital nation to play, socialize, and build. It will incorporate multiple gameplay genres like simulation, strategy, and role-playing and have metaverse elements for the community to socialize.
  • Sky Marvis will launch Axie Infinity Ray lights,  a mini-game that uses Land NFTs. Land NFTs will be like primitives in the Axie Infinity universe like Axies, which can be used across infinite experiences. 

Axie Infinity Technical Analysis

Axie Infinity Price Prediction 2023-2031: Aligning Rewards with AXS 4

The price of Axie Infinity is currently below the 200-day simple moving average (SMA). Since January 5, 2022, the 200-day SMA has been indicating a SELL signal.

Axie Infinity’s price is currently below the 50-day simple moving average, and this indicator has been signaling SELL for the previous 18 days, since December 10, 2022.

The most recent Bitcoin Death Cross occurred 339 days ago, on January 23, 2022.

According to technical indicators, Axie Infinity’s 200-day SMA will fall in the coming month and reach $ 11.16 by January 27, 2023. The short-term 50-Day SMA for Axie Infinity is expected to reach $7.29 by January 27, 2023.

The momentum oscillator Relative Strength Index (RSI) is a prominent indicator that indicates if a cryptocurrency is oversold (below 30) or overbought (above 30). (above 70). The RSI number is currently 36.30, indicating that the AXS market is in a neutral state.

Axie Infinity Price Prediction Cryptopolitan

Axie Infinity Price Prediction 2023-2031: Aligning Rewards with AXS 5
Axie Infinity Price Prediction 2023-2031: Aligning Rewards with AXS 6

Axie Infinity Price Prediction 2023

According to our in-depth technical analysis of AXS price history, the price of Axie Infinity is expected to reach a minimum price of $9.91 in 2023. With an average price of $10.19, the AXS price can reach a maximum value of $12.03.

Axie Infinity Price Prediction 2024

The price of Axie Infinity is expected to be a minimum value of $14.16 in 2024. According to our estimates, the AXS price might reach a maximum price of $17.04 with an average predicted price of $14.67.

Axie Infinity Price Prediction 2025

According to the projection and technical analysis, the price of Axie Infinity in 2025 is anticipated to be a minimum price of $20.37. The AXS price has a maximum price of $24.77 and an average price of $21.10.

Axie Infinity Price Prediction 2026

In 2026, the price of one Axie Infinity is predicted to reach a minimum price of $31.03. Throughout 2026, the AXS price can reach a maximum price of $35.55, with an average price of $31.87.

Axie Infinity Price Prediction 2027

According to the forecast price and technical analysis, the price of Axie Infinity is expected to reach a minimum price of $44.14 in 2027. With an average price of $45.42, the AXS price can reach a maximum price of $53.35 per share.

Axie Infinity Price Prediction 2028

According to our in-depth technical research of AXS price history, the price of Axie Infinity in 2028 is expected to reach a minimum price of $60.58. The Axie Infinity price can reach a maximum price of $74.45 in USD, with an average price value of $62.85.

Axie Infinity Price Prediction 2029

The price of Axie Infinity is expected to reach a minimum price of $90.61 in 2029. The Axie Infinity price might reach a maximum price of $105.64 with an average price of $93.12 in 2029.

Axie Infinity Price Prediction 2030

In 2030, the price of Axie Infinity is expected to reach a minimum price of $131.58. Throughout 2030, the Axie Infinity price can reach a maximum price of $156.90 and an average price of $135.31.

Axie Infinity Price Prediction 2031

In 2031, the price of Axie Infinity is expected to be a minimum value of $187.41. Throughout 2031, the Axie Infinity price might reach a maximum value of $226.73, with an average selling price of $192.82.

Axie Infinity Price Prediction by Coincodex

According to Coincodex’s current Axie Infinity price projection, the value of Axie Infinity is expected to rise by 0.93% by January 3, 2023, reaching $ 6.26.  Technical indicators reveal that the current sentiment is bearish, with the Fear & Greed Index reading 28(Fear). Over the last 30 days, Axie Infinity has 13/30 (43%) green days and 8.81% price volatility. According to our Axie Infinity forecast, now is not the time to acquire Axie Infinity.

Comparing Axie Infinity to other significant technological advancements and trends is one method of projecting where the Axie Infinity price may go in the long run. In the best-case scenario, AXS’s price projection for 2025 is $ 193.32 assuming it grows at the same rate as Facebook. If Axie Infinity follows Internet growth, the forecast for 2025 is $ 38.11.

Axie Infinity Price Prediction by Wallet Investor

Axie Infinity (AXS) and presumably its market environment have been in a bearish cycle for the previous 12 months, according to current data. According to WalletInvestor’s Ai cryptocurrency analyst, there will be a downward trend in the future, and AXS is not a smart investment for making money. Because this virtual currency has a bad outlook, they advise looking for other projects to build a portfolio instead. Trading in bearish markets is always more difficult, so if you are a novice, you should do your own research on this currency. If you are new to investing, always study the best investment strategies.

Axie Infinity Price Prediction 2023-2031: Aligning Rewards with AXS 7

Axie Infinity Price Prediction by DigitalCoinPrice

On December 29, 2022, virtually all technical analysis indicators indicated a bullish signal, while others indicated a negative signal, reflecting a widespread Bearish attitude among Axie Infinity price projections. Axie Infinity has dropped by -7.01% in the previous 30 days. As a result, we should expect a minor recovery in the approaching month. By the end of December, the value of Axie Infinity had risen by 24.66% to around $7.79. All indicators are currently in the Bearish zone, and the fear & greed index shows 9.98 strong fears. According to our predictions, now is not the time to sell Axie Infinity.

According to DigitalCoinPrice’s current Axie Infinity price projection, the value of Axie Infinity will rise by 224.62% by the end of 2024, hitting $22.60. All technical indicators point to a bearish current attitude, with the Fear & Greed Index reading 9.98, indicating significant fear. According to our Axie Infinity forecast, buying Axie Infinity right now is risky.

Axie Infinity Price Prediction 2023-2031: Aligning Rewards with AXS 8

Axie Infinity Price Prediction by Industry Influencers

YouTube video

Says one user: For me V2 is more fun to play. the only thing or should I say annoying thing about v2 is the random crit. If only Sky Mavis remove or reduce the crit chance on those axies that should not crit and put crit only on those axies that crits. I think that would make v2 even more fun to play. How about you?

Star Trading Friend Youtube channel’s latest update on Axie Infinity suggests that the coin has upside potential if it breaks above support and breaks out upwards. The presenter suggests it will likely pump to $6.29. He advises placing your stop loss at $5.41. Future price targets are $9.0, $15.0, and $20.0. comments that investors should be on the lookout for a break out on the daily chart. AXS has traded sideways for a while now consolidating before its next major breakout.

YouTube video

Moon333 Youtube channel’s latest update on Axie infinity suggests that the coin has potential despite its massive loss of value. The presenter follows the Axie infinity performance from March, highlighting the double bottom formation on the weekly chart. The chart shows the long-term downward trend with intense resistance levels. AXS broke resistance in July but has since corrected it. 

The daily chart expounds on the long-time resistance, which, when broken, AXS could potentially cross the $20 mark and further to $160 in the most bullish scenario.

YouTube video

Conclusion

Axie Infinity has proven to be a popular digital collectible game with a bright future. The game rode the hype of play to earn games and was able to amass millions of users. The platform provided income opportunities to many players setting the pace for Play to earn and  NFT games. Axie Infinity has a lively community despite hemorrhaging players after the Ronin hack. Axie Infinity has a strong community and constantly expands its features and content.

Axie Infinity platform drives NFT adoption by providing its gaming community with real-world valuable crypto and mainstream-friendly access to crypto and web3 services, thus, continuing to draw more players who use the platform to seek opportunities its ecosystem presents, including Defi, the crypto market, and NFTs.

AXS has however lost more of its value despite premiering the GameFi market. The roughly four-year-old GameFi market, a sector of the cryptocurrency economy, might prove to be a dud for investors if their developers do not innovate to prevent the loss of players.

You can buy Axie Infinity on top-tier crypto markets like Binance, Coinbase, and Kraken. Always conduct your research before purchasing Axie Infinity coins.

The value of Axie Infinity is projected to rise further as scarcity encourages price increases. Please keep in mind that any investment involves some risk. Simply invest in what you can accomplish before drawing any conclusions and conducting as much research as possible.

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