Amidst the metaverse explosion, Axie Infinity (AXS) swiftly rose as a prominent play-to-earn coin. What is Axie Infinity (AXS)? Can Axie Infinity bounce back? Read this article to understand Axie Infinity’s potential and AXS price predictions for 2023-2030.
What is Axie Infinity (AXS)?
Axie Infinity stands as a well-known blockchain-based game on the Ethereum network. Trung Nguyen, the current CEO of Sky Mavis, is the mastermind behind this game. Axie Infinity aims to demonstrate blockchain technology’s immense potential and lucrative economic prospects. By excelling in these aspects, Axie Infinity has solidified its position as a leading cryptocurrency gateway to the world of blockchain technology.
The inspiration for Axie Infinity is from the resounding success of popular video game franchises like Pokemon and Tamagotchi. The game encompasses versatile, enjoyable, and open-ended gameplay that rewards players with virtual creatures known as Axies. These distinctive Axies can be traded, nurtured, and engaged in real-time battles within the Axie Infinity ecosystem. Represented by ERC 721 tokens, Axies are NFTs with varying strengths and attributes, enabling players to accumulate experience points through exhilarating 3v3 battles.
Axies are categorised into four rarity tiers: common, rare, ultra-rare, and legendary. Through engaging in battles, they can evolve and enhance their statistics by gaining experience points. Axies can also be bred together to produce unique and novel offspring, which can then be traded or utilised within the Axie ecosystem. Axie Infinity operates on a play-to-earn model, providing players with crypto rewards for participating in network games.
Within the Axie Infinity ecosystem, two primary tokens are crucial: Axie Infinity Shards (AXS) and Smooth Love Potions (SLP). AXS serves as the platform’s native governance token, allowing AXS holders to contribute to the decentralised organisation of Axie actively. These holders can actively shape the platform’s development by participating in decisions related to the allocation of treasury funds and the distribution of the ecosystem fund. On the other hand, SLP serves as a token used for breeding and represents a valuable asset within the Axie Infinity ecosystem.s earned by playing the game and can be used to breed new Axies.
Axie Infinity (AXS) Price History
Let’s now take a quick look at the historical price movements of AXS. Past performance should never be solely relied upon to indicate future outcomes. However, examining the token’s previous trends can provide valuable context for interpreting Axie Infinity price predictions or formulating our own.
According to data from Coinmarketcap, AXS commenced trading with a market price of $0.1798. It then experienced the surge of the crypto boom in early 2021, reaching a peak of $10.85 on April 28th of that year. Subsequently, there was a dip as the market underwent a slump during the summer. However, news of Bitcoin’s record-breaking levels and a growing interest in play-to-earn, the Metaverse, and NFTs propelled AXS to an all-time high of $160.36. Despite this peak, it closed the year at $93.30.
While 2021 proved to be a prosperous year for Axie Infinity, the same cannot be said for 2022. Although AXS initially reached its pinnacle at $97.78 on January 3rd, it faced a downward trajectory, hitting a low of $42.11 when Russia invaded Ukraine on February 24th. There was a partial recovery to $74.37 on March 25th, but subsequent events, such as the Ronin hack and several market crashes, contributed to a decline, bottoming out at $11.92 on June 18th, 2022.
Facing challenges due to the Ronin hack and market fluctuations, AXS experienced a tumultuous period in 2022. The collapse of the FTX exchange further added to the market turmoil, causing AXS to drop to a low of $5.84 on November 9th. However, it managed a modest recovery, reaching a high of $9.54 on December 6th before experiencing another downturn. As of December 19th, 2022, the token was valued at approximately $6.95.
In 2023, the price of Axie Infinity demonstrated a steady rise. On January 23rd, its value increased by approximately 22%. Decrypt reports that the release of the AXS coin significantly boosted the price of Axie Infinity, with the price of AXS surging following the release of around 2% of the total supply of AXS tokens. As of February 2023, AXS is priced at $10.55 per share.
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AXS Price Predictions: Experts’ Opinions
Now, let’s delve into some of the Axie Infinity price predictions. Price forecasts often prove inaccurate, particularly for a volatile commodity like cryptocurrency. Also, long-term projections are typically generated using algorithms, which means they can change abruptly.
Firstly, CoinCodex presented a rather pessimistic short-term price prediction for Axie Infinity. The website suggested that the token could decline to $6.84 by December 24th and drop to $6.42 by January 18th, 2023. Their technical analysis leaned bearish, with 22 indicators signalling negative trends compared to just eight indicating positive ones.
On the other hand, DigitalCoinPrice offered an AXS price prediction, anticipating the token to trade at $7.84 this year, $16.50 in 2023, and $24.44 in 2024. By 2025, they projected a potential value of $30.15, which would likely remain stable throughout 2026 before ascending to $35.64 in 2027 and $49.99 in 2028. Their forecast then predicted a possible closing price of $69.75 for the decade in 2029, with a subsequent prediction of $97.51 in 2030 and a possible breakthrough of the $100 mark to reach $132.99 the following year.
CoinsKid presented an AXS token price prediction, suggesting a closing price of $7.09 for 2022. They further projected a price of $10.61 by December 2023 and $13.60 by the same time in 2024. In their forecast for 2025, Axie Infinity could begin the year at $16.17 and close it at around $20.98, concluding 2026 with a value of $19.19.
Lastly, Wallet Investor adopted a more bearish stance in their Axie Infinity price prediction for 2023. They anticipated a challenging year for the token, forecasting a significant decline to a mere $0.687 by mid-December 2023.
AXS Price Predictions 2023-2030
| YEAR | MINIMUM PRICE | MAXIMUM PRICE |
| 2023 | $6.09 | $14.79 |
| 2024 | $12.02 | $17.31 |
| 2025 | $13.25 | $19.07 |
| 2026 | $16.28 | $23.44 |
| 2027 | $20.69 | $29.79 |
| 2028 | $26.06 | $37.52 |
| 2029 | $32.45 | $46.71 |
| 2030 | $41.34 | $59.51 |
Axie Infinity Price Prediction 2023
Our analysis suggests a favourable recovery for Axie Infinity’s price in 2023. By the year’s end, the token can reach a maximum value of $14.79, with an average price of around $10.44. Additionally, the minimum value is estimated to be approximately $6.09.
Read more: TRX Price Predictions 2023-2030: Can TRON Reach $100?
AXS Coin Price Prediction 2024
According to our Axie Infinity price prediction, the upward trend for the AXS coin is expected to continue in the long term, with a potential maximum value of $17.31. The minimum price may hover around $12.02, while the average price is anticipated to be around $14.66. Investors in AXS may potentially earn decent profits throughout the year.
Axie Infinity Price Prediction 2025
In 2025, the average trading price of Axie Infinity (AXS) is projected to be approximately $16.16. Our prediction indicates that the minimum and maximum prices for Axie Infinity might range from $13.25 to $19.07, respectively.
AXS Token Price Prediction 2026
According to our price forecast, the AXS coin may reach a maximum value of $23.44 in 2026, with a minimum price of $16.28. The average price for the year is expected to be around $19.86. The price rise for the Axie Infinity coin in 2026 could be substantial.
AXS Crypto Price Prediction 2027
Based on technical analysis, the cryptocurrency may trade at an average price of $25.24 in 2027. The minimum and maximum prices of AXS are anticipated to be $20.69 and $29.79, respectively.
AXS Coin Price Prediction 2028
In 2028, the maximum value of Axie Infinity can be $37.52, while the potential low may be around $26.06. The change in price is expected to be moderate, with an average trading price of approximately $31.79 for the entire year.
Axie Infinity Coin Prediction 2029
By 2029, our Axie Infinity crypto price prediction suggests a potential high of $46.71 for the coin. Looking at past performance, the minimum and average prices are estimated to be around $32.45 and $39.58, respectively.
Axie Infinity Price Prediction 2030
For 2030, the minimum, maximum, and average prices are projected to be $41.34, $59.51, and $50.43, respectively. The overall price change for AXS in 2030 is expected to be exponential.
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Is AXS Coin a Good Investment?
The recent surge in Axie Infinity prices has captured the attention of investors, demonstrating the coin’s potential for significant returns. As one of the leading Blockchain-based gaming platforms and digital assets, Axie Infinity possesses a real-world use case, which adds to its appeal. Our price analysis indicates that considering a long-term investment in AXS could be a favourable option.
However, it’s crucial to note that the price of the Axie Infinity token, like other cryptocurrencies, is subject to volatility and can change direction unexpectedly. If you are an investor who enjoys taking risks and possesses a strategic approach, Axie Infinity coin may be an enticing choice. Note that cryptocurrencies, while potentially lucrative, also carry inherent risks. Hence, before making any investment decisions, you should have comprehensive risk management to make informed choices.
Axie Infinity Price FAQs
Does Axie Infinity have a future?
Despite experiencing a notable correction from its recent all-time high, Axie Infinity’s price still holds potential for growth, albeit at a potentially more moderate pace. However, always conduct thorough research to ensure the security of invested funds. Only invest money you can afford to lose, considering the inherent risks involved in crypto investments.
How high can AXS tokens go?
There is a potential for the average price of Axie Infinity to reach $15.10 by the year’s end. Looking ahead to a five-year projection, the coin could surge to $65.96. However, the crypto market is known for its unpredictability and sudden price swings. Therefore, conduct comprehensive research and thoroughly assess the risks before investing in any project, network, or asset.
Can Axie Infinity reach 1000?
Based on our Axie Infinity coin price prediction, the coin may reach a cap of $1000 within the next decade, most likely between 2035 and 2040. However, if you expect a short-term target of $1000, there are no indications that the coin will achieve this mark within this decade.
Is it profitable to invest in AXS?
The AXS price prediction suggests that investing in Axie Infinity for the long term can be profitable. By 2030, the average price of Axie Infinity can reach approximately $59.51. Although the growth rate of the token may be gradual, our AXS price forecast indicates that the digital currency has the potential to rise in the future.
Is buying AXS legal in Australia?
The buying and trading of cryptocurrencies, including Axie Infinity (AXS), are legally authorised in several countries, such as Australia, the United States, the European Union, Canada, and El Salvador. AXS can be purchased on numerous crypto exchanges via debit and credit cards. For further information, you can read our reviews of crypto debit cards and crypto credit cards.
Where to buy AXS in Australia?
There are several crypto exchanges where you can purchase AXS, but choose a reputable exchange registered with AUSTRAC. Our top recommendation is CoinSpot, which provides a user-friendly interface, free AUD deposits and withdrawals, a diverse selection of over 380 coins, and staking services. You can read our CoinSpot review here to learn more about it.
Final Thought
In conclusion, AXS price predictions indicate promising prospects, although investors should remain cautious due to the dependency of its price on the acceptance of NFTs. If NFTs face unfavourable regulations in the future, it could pose challenges for Axie Infinity and similar projects.
While the long-term viability of NFTs remains uncertain, the undeniable success of games like Axie Infinity and the growing popularity of blockchain-based video games position Axie Infinity well for further expansion. It has the potential to attract a significant audience, potentially capturing a portion of the market that enjoyed Pokémon Go’s popularity in 2016.
