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To use Axie Infinity price prediction properly, we first need to learn what this project does and where it has come from! Axie Infinity is an NFT (Non-Fungible Token) game being played by over 350,000 gamers and users all over the globe. It was founded in early 2018 by Trung Nguyen, Aleksander Leonard Larsen, and Jeffrey Zirlin. The trio found each other from CryptoKitties in 2017 and came up with Axie Infinity's concept after realising how unsustainable CryptoKitties and other blockchainNFT games were at that time. Axie Infinity was developed by Sky Mavis, a technology-focused game studio founded in 2018.
To understand Axie Infinity price prediction, we need to know the game elements. This game, classified as NFT, allows users to earn cryptocurrency by playing it as they breed, fight, race, and trade Axies. Axies are monster-like creatures inspired by Pokemon, and users control these monsters for Ethereum. This project is another result of the gamification of blockchain, which provides a fun and educating way to introduce people to blockchain technology. The difference between Axie Infinity and other crypto games is that the blockchain economic design rewards users for contributing to the ecosystem. It means the more you contribute to the Axie universe, the more rewards you'll be able to gain.
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Axie runs a blockchain technology that provides a Play-to-Earn structure instead of mining new blocks on the chain. Players can earn by competing in PvP battles, breeding Axies and selling Axies or collecting rare Axies. However, "Smooth Love Potion" is needed for brewing Axies. Read all about Smooth Love Potion price. SLP tokens, like any other cryptocurrency, are volatile. SLPs are given to players with PvP matches and daily quests.
Players can earn governance tokens or AXSs by playing, representing a real slice of the Axie Infinity universe and having built-in governance rights and fee sharing. Since users can earn this token by playing, a ready player one-time quest emerges where players can earn a part of the universe. It means the reward system rewards players for their effort and skills, not their wins and losses. As of the moment, there are more than 140,000 Axies, and the price starts at $1, and the most expensive Axie was sold at 300 ETH (USD 1,500,000).
Axie Infinity price prediction is directly related to its financial analysis. Analytical data provided at Cryptologi.st, indicate that the AXS token has a liquidity score of 59% and a market cap of $4 billion. This liquidity score shows that it’s not a very hard sale in the bear market. Its current market cap rank is #40 among all crypto projects in the market. Also, its circulating supply is 58 million AXS tokens and a total of 270 million. Since AXS was launched on the Ethereum blockchain, it has been secured by Ethereum’s Proof-of-Work (PoW) consensus mechanism.
Axie Infinity’s average ROI (Return on Investment) over the past month experienced a 40% increase. We can’t talk about the average ROI over the past year, for this coin was launched in November 2020, and therefore, it’s still too young for such calculations.
Axie Infinity experienced a boost of popularity in July, and its rising popularity doesn’t seem to be coming to an end anytime soon. Its Twitter account’s followers increased by 743%, and its Telegram group chat members increased by 615%. This data is significant because popularity plays a vital role in a token’s success. You can check out the detailed reports on Axie Infinity’s market cap, liquidity, and other crucial financial factors that determine how good a token performs.
Disclaimer: Don’t take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.
Crypto experts predict that In 2022, Axie Infinity will be traded at an average price of $26.71. Its minimum and maximum price can reach $25.92 and $29.25, respectively.
The average trading price of each AXS token is predicted to be $39.20 throughout 2023. AXS token’s minimum price can touch a low level of $37.86 and a high level of $44.92.
In 2024, the minimum price of Axie Infinity is predicted to be $57.25. The AXS price can hit a maximum of $67.34, with an average trading price of $59.21.
The average price of Axie Infinity is predicted to reach $86.87 in 2025. The price of each AXS token cannot go lower than $83.91 and higher than $100.14 in 2025.
In 2030, the Axie Infinity price can reach a low level of $541.04 in 2030. The AXS token’s price could reach a maximum value of $672.89, with an average price of $556.99 in 2030.
Axie Infinity price prediction for the upcoming years indicates that this gaming platform can have a bright future. Axie Infinity is a hot P2E game with a good market cap rank and a lovable gaming structure. Since gaming, NFT, DeFi and blockchain are ruling the crypto market, it’s not highly unlikely that Axie Infinity can grow in the near future. It also provides staking for users to help them earn passive income. All in all, this is not a buy signal! The articles at Cryptologi.st aid you make confident crypto decisions by providing you access to in-depth analyses. Use the free screener tool to compare hundreds of coins, put your favourite projects on the watchlist to check their growth easily, and read the reviews to stay on top of your crypto game!