This AXIE price prediction shows that the opinion of respected crypto experts and technical-based analysis combined predict that the long-term forecast of AXIE has the potential to reach anywhere up to $327 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy AXIE.
“Axie Infinity takes the fun and alluring premise of Pokémon and adds the element of ownership into the mix.”– Decrypt.co
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News about AXIE
- Axie Infinity Announce a New Controversial Update. AXS and SLP Drop -7%
- Ethereum Towers Above Axie Infinity and Altcoin Projects, Earning $777,000,000 in Revenue in Just One Month
When it comes to price surges in cryptocurrency, major digital assets like Bitcoin and Ethereum usually take center stage. However, if you know where to look, there are a plethora of other altcoins that have produced similar returns on investment for those who got involved at the right time.
One of them is AXIE. This Blockchain gaming asset has seen a huge popularity surge in recent months. This resulted in the price of its native token rise by 2,100% since the start of July and it now has a formidable market cap of $7.5 billion.
But are you wondering if it’s too late to start investing in AXIE? You’re not alone, many people are curious about whether investing in AXIE now is a good idea. I was one of those people until I began to use a range of factors to research the future price of AXIE such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in AXIE. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our AXIE price prediction aims to answer all. But first, let’s start with just what AXIE actually is and how it works.
What is Axie Infinity?
AXIE Infinity is a three-year-old crypto startup with its headquarters based in Vietnam. In simple terms: It’s an Ethereum blockchain-based video game that sees users pit teams of fictional creatures, called Axies, against each other in virtual, turn-based battles.
Just another video game, I hear you say. But AXIE Infinity is different. It runs on a play-to-earn model that sees players earn crypto rewards for playing the game. This in-game currency can then be exchanged for fiat currency.
Like most crypto projects, AXIE Infinity has its own native token that is also used for the governance of the network. It’s called the Axis Infinity Shard (AXS) and can be used to pay for network fees.
Each Axie (AXS) is a non-fungible token (NFT), a unique collectible that can be bought or sold across exchanges outside of the game. To initiate battles with other players, AXIE users must own at least three Axies.
However, Axies are not the cheapest. Those at the lower end of the price scale are selling for around $200. In 2020, the most expensive in-game monster was sold for 300 ether, which was worth about $130,000 at the time.
There are plans for AXS holders to be able to vote on decisions regarding the game and its future development, as well as stake AXS tokens to earn rewards within the game. Further down the line, there are plans for Axie Infinity to move into a decentralized autonomous organization (DAO) to allow for community governance.
AXIE Infinity has proved to be extremely popular. In 2021 alone, it’s earned $700 million from in-game transactions. From 38,000 daily users in April, it now has over 2 million daily players.
Pros and cons of AXIE
Like any cryptocurrency project, AXIE has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of AXIE.
|✔️ Impressive price history and a potentially positive future ahead.||❌ The Axie game has an entry barrier for non-crypto players.|
|✔️ Unique gaming-based platform that is popular with the gaming community.|
|✔️ Rapidly expanding range of daily users.|
Do you still have questions about AXIE? Rest assured, before we get into the price prediction, next we’ll cover some frequently asked questions about AXIE to give you a better understanding of the original digital asset and its price potential.
Who uses AXIE (AXS)?
The native token of AXS is used by those wishing to play the popular Axis Infinity game, pay in-game fees, buy NFTs, and speculate on its value which has risen by over 1,000% in the past few months alone.
How does AXIE gain value?
Like most cryptocurrencies, the value of AXIE is largely driven by speculation in its current state. As more people discover the potential of the game, its value grows. Due to its innovative nature and continuous growth of significant partnerships, support for AXIE is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can AXIE reach $1,000 per token?
Based on its recent price surges and innovative nature of being a gaming platform with a growing userbase looking to make passive income and investments, it’s possible that one-day AXIE could reach $1,000 per token in the long term.
Where do people buy, sell, and trade AXIE?
You can buy, sell, and trade AXIE from various crypto trading platforms. If you are a new investor, then we suggest using eToro to buy crypto. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
AXIE Price History
As a relatively new crypto project, the history of AXIE is short but nonetheless sweet. The most exciting part of its price history began at the end of June in 2021 following the announcement of a $7.5 million Series A funding round featuring Mark Cuban and Alexis Ohanian.
Following this, the AXS token saw a 600% increase in value within the space of a month, and the game made nearly $85 million between June and July. Axie Infinity was said to be generating more fees than either the Bitcoin or Ethereum protocol during a seven-day span in July 2021. By the middle of July, Axie Infinity had more than 500,000 daily active users.
Expert analysis of the AXIE price potential
One of the best tools we can use to try and determine the potential future price of AXIE is to analyze the opinions of various crypto experts. Let’s delve into four estimated growth outlooks for various industry experts and analysts.
Overall, Price Prediction is bullish on the AXS price prediction. Based on AXIE continuing to build partnerships with influential organizations and persisting with being a unique gaming model that retains a solid support base, they believe it has the potential to reach around $135.96 per token by the end of the year, $316.60 by the end of 2023 and a price of $685.39 by the year 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to AXS, they are also very bullish. Over the long term, WalletInvestor predicts that the price of AXS could reach somewhere around $397 by the end of 2021 and $1494 by the end of 2025.
DigitalCoinPrice is fairly bullish on its AAVE outlook and expects the price to gradually increase over the long term. DigitalCoinPrice predicts it to reach $360.46 by the end of 2021, $521.94 by the end of 2023, and finally, a figure of $774.39 by 2025.
Another rather bullish expert analysis on AXIE is LongForecast. They predict the price of AXS in 2021 to potentially reach up to $326 by the end of the year. By the end of 2023, they expect it to reach $905 and finally, $1,143 by the year 2025.
So from over $300 in the short term and up to $1,494 in the long term, the overall expert analysis on the future price of AXIE (AXS) is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the AXIE price potential
Now we move on to technical analysis to try and predict the future price of AXIE. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
AXIE Price Prediction 2021 – 2022
Since the beginning of 2021, the price of AXIE skyrocketed by 4368% from $2.72 to its current price of $121.53. It’s predicted that the AXIE price will rise an additional 167% in the second half of 2021 and it’s then expected to close the year at $325. A year-to-year change of +11849%.
AXIE Price Prediction 2022 – 2023
After starting the year at $325, it’s predicted that the price of AXIE will rise to $592 per coin in the first half of 2022, it’s then expected to lose $28 and finish the year at $564, which is a +364% gain on the current price.
AXIE Price Prediction 2023 – 2024
After starting 2023 at $564, AXIE is expected to rise by 644% to a figure of $677 midway through the year before going on the rise again and ending the year at $904 at an overall annual increase of 644% from the current price.
AXIE Price Prediction 2024 – 2025
After starting 2024 at $904, AXIE is expected to rise to $975 halfway through the year. The second half of 2024 is expected to see the price of AXIE end the year at an even higher price than the first half of 2024 at $1,199. That’s an overall annual increase of 887% on the current price.
Whilst many people can see the significant potential in AXIE, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy AXIE?
AXIE is available to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on AXIE. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. AXIE is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This content is for informational purposes only and is not investment advice. The trading of AXIE and other alternative cryptocurrencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.