Axie Infinity (AXS) continues to be one of the active digital currencies in the crypto realm. Crypto is currently among the top 30 cryptos in CoinGecko concerning market capitalization.
Furthermore, the crypto has reported a growth rate of over 100% in the last 30 days, positioning itself in an upward trend. Today, AXS rebounds from its bearish dip on July 26 and is trading at a high price of $139.98. If the upward trend continues, AXS might establish a new all-time high record in no time.
What is Axie Infinity (AXS)?
Axie Infinity Shards (AXS) is a governance token used in the Axie Infinity game, which was the blockchain game of the summer of 2021. The creators of Axie Infinity announced that their goal is to integrate work and play — meaning that players can earn real-world rewards while having fun.
Axie Infinity is a game inspired by Pokemon and similar entities. Players start by acquiring Axies — the creatures that can breed, receive strength upgrades, and compete against other players’ Axies.
A player can select from a wide variety of body parts to add to their Axie and evolve it, thus creating some unique and valuable builds.
Each Axie is an NFT token and can be exchanged with other players or sold — the most valuable ones selling for over $820,000. A player can also create the environment for their Axies, including purchasing land, which is also tradeable.
AXS token is utilized for governance of the Community Treasury. Players’ tokens must be staked to participate in the voting process, allowing them to receive rewards. AXS is also the primary currency of the Axie NFT marketplace.
Axie Infinity (AXS) Current Market Value
The trend of Axie Infinity’s price is at $139.98 with a 24-hour trading volume of $419,709,081. Axie Infinity has increased by 4.15% in the last 24 hours. The current CoinMarketCap ranking is #23, with a live market cap of $8,525,741,500 USD. It has a circulating supply of 60,907,500 AXS coins and a maximum supply of 270,000,000 AXS coins.
Axie Infinity (AXS) Cost Projection 2021
Axie Infinity has performed impressively over the last few days. Furthermore, the AXS price has surged by over 100% in the last 30 days. If this trend persists, AXS might move alongside the bulls, surpassing its $311.52 resistance level and moving higher.
Conversely, if investors turn against the crypto, bears might take control and push AXS out of its upward trend. In simpler terms, the price of AXS might drop to nearly $64.08, giving a bearish signal.
However, the long-term AXS price forecast for 2021 is positive. There is a high likelihood of it surpassing its current all-time high (ATH) of around $155.08 this year. Nevertheless, this will only occur if it breaks through many previous psychological resistances.
Axie Infinity (AXS) Cost Projection 2022
If this bullish trend continues, Axie Infinity will reach $200 by the end of 2022. Moreover, the first half of 2022 is expected to demonstrate rapid growth, with the price reaching up to $250.
This growth is then projected to slowdown, but no significant falls are anticipated. With forthcoming partnerships and developments, reaching $200 is very optimistic from a price perspective in the near future.
Axie Infinity (AXS) Cost Projection 2023
The price of Axie Infinity can potentially reach exceptional levels, climbing to $350. However, this is only achievable if the market maintains its bullish trend and if the cryptocurrency Axie Infinity breaks through the psychological resistance level.
Axie Infinity (AXS) Cost Projection 2024
Based on the latest upgrades, developments, and new project forecasts of the platform, this could propel Axie Infinity’s price in the crypto market, potentially reaching around $500.
Axie Infinity (AXS) Cost Projection 2025
In the next four years, Axie Infinity prices could surge to $720. This indicates that Axie Infinity has a high chance of reaching a new ATH in the next five years based on the prediction. However, reaching this level may not be so challenging for Axie Infinity given that other media, short-term, and long-term price targets could be found for purchasing or selling orders.
Expert Review on Axie Infinity Cost
TradingBeasts
In response to the query of whether Axie Infinity is a good investment, TradingBeasts unequivocally say no. From the 2021 perspective, this coin’s price is predicted to reach $118.258, growing to $160.736 by the end of 2022.
DigitalCoin
In DigitalCoin’s analysis, the price of Axie Infinity cryptocurrency will rise in the next 5 years starting from $137.1175048 as of today’s price to $540.0799116. It will rise to $232.3483858 by 2022 and continue its growth in 2023-2024. According to this forecast, Axie Infinity is a valuable long-term investment.
LongForecast
In 2021, the average Axie Infinity price will increase to $140.5. In 2022, Axie Infinity’s price will significantly rise to an average of $219.375.
WalletInvestor
According to WalletInvestor, Axie Infinity’s price will grow from $132.8 to $465.033 in one year. This makes AXS an impressive investment. The long-term earning potential is 250.18%. The predicted price for the end of 2026 is $1779.770.
Final Thoughts:
With the ongoing robust marketing approach, we can state that Axie Infinity has a promising future in 2021. The bullish AXS price prediction for 2021 is $311.
As mentioned earlier, it may even reach $350 if investors are convinced that AXS is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
With Axie Infinity showing promise, AXS has the potential to be an excellent investment compared to other tokens in the crypto space, but only if invested at the right time with the right price measurement according to our Axie Infinity price prediction.
