Axie Infinity (AXS) Coin Analysis and Prediction

On the Ethereum network, Axie Infinity is a well-known blockchain-based game. This game’s creator is Trung Nguyen, the current CEO of Sky Mavis. Axie Infinity wants to showcase the enormous potential and prosperous economic prospects of blockchain technology. Axie Infinity has established itself as a top cryptocurrency gateway to the world of blockchain technology by succeeding in these areas.

The enormous popularity of well-known video game brands like Pokemon and Tamagotchi served as the basis for Axie Infinity. The game has flexible, fun, and open-ended gameplay that awards players with Axies, which are fictional animals. Within the Axie Infinity ecology, these unique Axies may be exchanged, raised, and used in live combat. Axies are NFTs with varied strengths and qualities that are represented by ERC 721 tokens, allowing players to gain experience points in thrilling 3v3 combat.

Four levels of rarity are used to classify axes: common, uncommon, ultra-rare, and legendary. They may develop and improve their statistics by participating in battles and earning experience points.

Blockchain-based virtual game platform Axie Infinity has taken over gaming communities. Each player has characters (Axies) that compete against the Axies of other players. These animals have the ability to be bought, taught, and traded, granting ownership and profit-making capabilities. The AXS (Axie Infinity coin) token has a variety of uses, including staking, governance, and in-game usefulness. Users that invest AXS tokens can also receive bonuses and obtain access to special privileges. The creators of the game are the professional Vietnamese development company SkyMavis.

Axie Infinity’s user base has not significantly changed in 2023, according to data. Dune Analytics estimates that there are typically 440 transactions per second occurring on the network. 

Price of Coin: 

Axie Infinity is currently valued at $5.76, and AXS is currently rated No. 61 across the board in the cryptocurrency ecosystem, according to the most recent information obtained. The market capitalization of Axie Infinity is 119,284,894 AXS, with a circulating supply of $698,766,280.73. The cryptocurrency’s current value has grown by $0.03 during the last 24 hours. 

AXS has been on a strong upward trend over the past week, rising 5.4%. Recently, Axie Infinity has demonstrated a lot of promise, so now would be a good time to get in and make an investment. 

AXS’s price rose by 6.59% over the previous month, bringing its current worth up by a monstrous average of $0.39. 

 Data from Coinmarketcap shows that the market price of AXS when it first started trading was $0.1798. It then went through the early 2021 crypto boom rise, peaking at $10.85 on April 28 of that year. The market then experienced a decline during the course of the summer. AXS reached an all-time high of $160.36 thanks to news of Bitcoin’s record-breaking values and a rise in interest in play-to-earn, the Metaverse, and NFTs. It peaked at this point, but ended the year at $93.30.

AXS had a turbulent year in 2022 as a result of the Ronin hack and changing market conditions.  It did, however, manage to make a slight rebound, peaking at $9.54 on December 6 before falling once more. The value of the token as of December 19th, 2022, was around $6.95.

The cost of Axie Infinity showed a continuous increase in 2023. Its value grew by almost 22% on January 23. According to Decrypt, the introduction of the AXS currency led to a huge increase in the price of Axie Infinity. The price of AXS spiked after the release of almost 2% of the total quantity of AXS tokens. AXS’s share price as of February 2023 is $10.55.

Analysis: 

• The recent market decline appears to have had an impact on the AXS token price, which is now in a strong upswing. 
• The price of the AXS token is now producing a flag and pole pattern on a daily time period.
• The price of the AXS/BTC pair is now 0.000040663, down 2.34% over the past 24 hours. 

Price fluctuation indicates that there is bullishness in the AXS token price. Due to the recent fall, investors are now worried about the token price. A bullish continuation chart pattern, however, has appeared. It will be fascinating to see whether it collapses or bursts.

The long-term supply zone has been reached by the price of the AXS token, which is increasing on a weekly basis. If the token price is able to go past the supply zone, it might see significant and rapid increase.  Recent bullish love is what led to the breakout in the 50 and 100 Moving Averages. If it is able to stay above these MAs, it may be said to be functioning as a strong demand zone.

Like other indicators, supertrend indicators have provided encouraging signs. The super-trend sale line had previously provided a significant barrier to the token price, but current bullishness has resulted in a break out of the super-trend purchase line. This line may be seen operating as a potent demand zone as it moves upward. 

Over the past several days, there has been a steady increase in the price of axie infinity coin. Near the critical level on the chart, it has stopped. AXS is now down 2% during the intraday session, trading close to the price of $5.522. Currently, the asset price is constrained below the 1 fib. If it goes over the threshold, there will be a lot of momentum going forward. Near $6, the AXS resistance is visible. In the meanwhile, $5 appears to be the price’s support.

AXS’s RSI is close to 45, indicating that it is in the neutral zone. The indicator’s overall mood is optimistic on a weekly basis.

Levels of Technical

Major Barrier: $8

Primary Support: $6

Prediction:  

2024 Price Prediction for AXS Coin

Our Axie Infinity price forecast indicates that the long-term increasing trend for the AXS coin is anticipated to continue, with a potential maximum value of $17.31. The minimum price may be in the $12.02 range, while the average price is predicted to be in the $14.66 range. AXS investors might perhaps make respectable gains all year round.

Price Prediction for Axie Infinity in 2025

Axie Infinity’s (AXS) average trading price is anticipated to be about $16.16 in 2025. According to our forecast, Axie Infinity’s lowest and highest pricing might be $13.25 and $19.07, respectively.

Conclusion:

Axie Infinity hasn’t noticed any appreciable changes in their customer base or volume of transactions. AXS is presently in recovery mode and is expected to reach a new high soon.