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Cryptocurrencies have made their way into the financial world in recent years, offering investors and enthusiasts new opportunities including participating in cryptocurrency launchpads, i.e. vehicles for issuing and promoting new tokens. Axie Infinity is among the prime examples of a fortunate crypto project that has won widespread avowal. It is a blockchain game embreathed by Pokemon and Tamagotchi, as well as turn-based card battles in the spirit of Hearthstone. It works on the Play-to-Earn principle: you are to gain cryptocurrency during the performance. All characters and in-game items are represented as NFTs. This blockchain-grounded game has drawn the notice of investors and gamesmen from all over the world, becoming not only entertainment but also a full-fledged source of income. With this material, we will take a closer round-up of Axie Infinity and its unborn projected prices.
Axie Infinity Overview
Axie Infinity is a blockchain game that runs on the Ethereum background. The core gameplay consists of breeding, training, and competition between creatures, called Axie. These virtual beings are not just game characters, but also virtual holdings that can be owned and traded by players on specialized marketplaces. Axie Infinity uses its native AXS token, which is an integral part of the game’s ecosystem. Gamesmen earn tokens by taking part in various activities within the game, such as fighting, cultivation, and vending Axie.
Axie Infinity History
The idea was deployed in 2017 by Sky Mavis studio on the wave of popularity of CryptoKitties, the leader of the GameFi sphere at the time. The unmanaged turnover of transactions, which led to the clogging of the Ethereum network and the subsequent collapse of CryptoKitties, became the starting point for the creation of Axie Infinity. The facility aimed to fix the flaws of its predecessor and frame a sustainable GameFi ecosystem. Axie Infinity shot fame worldwide and became an example of a prosperous cryptocurrency vehicle for gamesmen, funders, and developers alike. AXS token is merchandised on heavy-set cryptocurrency marketplaces, counting Binance. The game is available on Windows and macOS and as an app for iOS and Android.
Technical Review
Axie Infinity (AXS) is a virtual token mounted on the Ethereum background, launched in 2020. The exchange rate of Axie Infinity as of September 22, 2024 equals $5.03.
Adepts emphasize that Axie Infinity should maintain above $3.06 for a potential route toward the first formidable resistance line at $6.44. If it rises further, there is an affordance for AXS to test the next important reluctance level at $10.80. The third resistance is even higher at $14.22.
If the price falls, look out for the first support point at $3.06. If further declines occur and the price drops below $3.06, it could trigger the second support level at $0.5220.
It is currently traded on more than 60 exchanges. There are 149,896,641 coins in circulation. It ranks 82nd in present market capitalization at $751,222,749. The record-high amount is fixed at $165.37 (on 6 November 2021). The bottom line cost was recorded on 6 November 2020 at $0.1234.
Axie Infinity Crypto Price Prediction 2024
Following the outlook of the well-known Changelly agency, the quotation of the coin is apprehended to be within $5.37-$5.93 by the end of the year.
TradersUnion analysts are more modest in their estimates and believe that AXS may amount to $5.035788 by the end of 2024.
AXS Price Prediction 2025
Coin Codex`s Axie Infinity price prediction for 2025 is up-to-date alongside $5.09 on the smaller end and $24.03 on the ceiling.
Changelly assumes that in 2025, the lower bound estimate and the topmost price of Axie Infinity will be near $7.66 and $9.24 respectively.
Axie infinity price prediction 2025 by Digital Price Coin states that the item`s fee will be from $10.89 to $13.11.
Axie Infinity Price Prediction 2026
Powered by Changelly`s experts in 2026, AXS is apprehended to have the following floor and ceiling prices: about $11.21 and $13.39, respectively.
Digital Price Coin market pundits foretell that AXS will start the year at $14.92 and trade during the period at $18.45.
Axie Infinity Price Forecast 2027
Changelly assumed that in 2027, AXS price might drop to $16.34 or reach $19.68.
Digital Price Coin in its AXS coin price prediction expects AXS to get to $21.33 or $23.05 in 2027, and it could be the year of Axie Infinity.
AXS Price Prediction 2028
As stated by Changelly the peak and rock-bottom AXS prices are expected in 2028: $28.75 and $24.64.
Digital Price Coin has predicted that Axie Infinity will reach the peak price of $23.05 and the bottom cost is $19.56.
AXS Crypto Price Prediction 2029
Changelly admits that the asset might drop to a bottom of $35.51 but still reach $42.26 throughout 2029.
Meanwhile, Digital Price Coin, Axie Infinity is believed to boom a minimum price of $24.12, and the bite-out one may gain $27.85.
Traders Union`s Axie infinity coin price prediction anticipates AXS to skyrocket to $6.792528 by the end of 2029.
Axie Infinity Price Prediction 2030
Changelly`s AXS price forecast emphasizes that AXS will be traded between $51.08 and $62.51 in 2030. As per Coin Codex, the Axie Infinity price prediction for 2030 is currently between $12.81 on the floor end and $20.77 on the ceiling line. Digital Price Coin underscores AXS may highlight the mark of $37.79.
Market Overview
The value of the token is affected by several factors, including player engagement, game up-to-dates, and wider market trends within the cryptocurrency sector. Recently, AXS experienced a significant increase in demand following the release of a substantial game update that introduced new features and enhancements, rekindling interest among both new and seasoned players.
In addition to in-game utility, AXS can be staked to earn rewards, adding another layer of appeal for investors looking to generate passive income. Market analysts are keeping a close eye on the token’s performance, as it continues to navigate the volatile crypto landscape.
Current AXS Price
The real-time Axie Infinity fee as of September 22, 2024, is $5,03 with a 24-hour trading volume of $17,498,216. The current CoinMarketCap ranking is #82, with a live market cap of $753,430,668. The exchange rate of the Axie Infinity bean is subject to fluctuations, just as any other cryptocurrency. Several key aspects impact the value of AXS:
- The general state of the cryptocurrency market. Like miscellaneous cryptocurrencies, the AXS to US dollar exchange rate depends on sentiment in the overall cryptocurrency market. During periods of market growth, the AXS exchange rate usually also shows positive dynamics.
- The popularity of the game. The more players involved in the game, the higher the demand for AXS, which leads to an increase in its exchange rate.
- Updates and innovations. Regular updates to the game and the introduction of new functionality attract new users and maintain the interest of existing users, which has a positive effect on the value of the token.
- Regulatory changes. News about possible regulations or bans on cryptocurrencies in different countries can have a significant impact on the value of a token.
- Liquidity. The number of AXS tokens available on the AXS market, as well as their demand among players and investors, directly affect the rate.
Understanding AXS
The first thing you need to know about the project is that it is an online game on the blockchain in the battle genre, which is partially owned and operated by players. The development was built on popular titles such as Pokemon and Tamagotchi. Inside the game, you can gather, cultivate, nurture mythical Axies, bump up against other players, and conduct pet swaps. Axie Infinity game can be downloaded to your phone or any other device from the official website of the developers. Each Axie is a non-interchangeable token (NFT) with miscellaneous drivers and features. It can be used in 3v3 combats. The ecosystem is well-designed and offers players their own AXS control token. It can be used to participate in voting to decide on game management issues. It’s also a tool that gives you a right-of-head in terms of how the Axie alliance reserve is distributed. The main feature of Axie Infinity is that they reward subscribers with cryptocurrency. Since players own their characters, the company makes it easy to prove ownership through NFT. Mythical creatures bring their owner a reward in the form of the in-game token SLP if they win in battle. Today, this in-game currency and the AXS management token are merchandized on most crypto marketplaces. For example, Europe’s largest marketplace WhiteBIT offers the AXS/USDT currency pair. As a result, a micro-economy is built within the game becoming a unique achievement in the gaming sphere. It is crucial to comprehend that both in-game tokens are backed by real value. The price сhanges based on the number of each token in circulation, the demand for the game itself, and other important factors.
FAQ
How to purchase AXS?
The platform’s internal currency has the ticker AXS and refers to the ERC-20 standard. AXS coins serve as in-game currency and management tokens and are also used for staking. AXS cryptocurrency can be obtained by earning money in the game or can be bought on cryptocurrency exchanges or exchanged for other coins on the Godex crypto exchange facility What’s the potential for AXS by late 2024?
Axie Infinity is forespoken by CoinCodex to barter within the bounds of $5.09 and $24.03.
Maximum AXS trading value by the close of 2025?
Due to AXS price forecasts, AXS may gain 24.03 as the higher value target for 2025.
How much will Axie Infinity be valued in 2030?
The Axie Infinity cost expectancy record for 2030 is somewhat $12.81 on the food line and $20.77 on the high watermark.
Is Axie Infinity a good investment?
Axie Infinity can be considered to be the first frontmost Play-to-Earn game. It keeps making new partnerships and functionality upswings all the time. With the continued strong marketing approach, AXS can be a great investment compared to other spondulicks in the crypto space.
Is there potential for Axie Infinity to increase in value?
Axie Infinity is a leader in the GameFi field and a prime example of a self-sufficient and sustainable blockchain ecosystem. Every element of the game and local tokenomics is worked on to maximize balance and sustainability. With the transition to Ronin’s proprietary blockchain and the assimilation of the competence to stake the AXS management token, the facility has gained great prospects for further growth.
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Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.
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