Will Axie Reach $1000, $100? Axie Price Prediction Analysis

Latest Axie Infinity Price

Axie Infinity Price Performance so far

Last 7 Days	-26.9%
Last 1 Month	+12.9%
Last 12 Months	-1.6%

Axie Infinity: Buy or Sell Poll [New]

• Feb 20th: +25%
• Mar 19th: +35%

Axie Infinity price has doubled since October 2023. What are the Signals and Predictions?

Axie Infinity will have to clear $8.4 to make progress back to the $10 level achieved in December. However, current social media sentiment is not healthy enough to meet that level. Some level of consolidation is to be expected between $7.5 and $8.2

• Axie Infinity Price Prediction in the next 24 hours is between $7.40 and $8.23
• Axie Infinity Price Prediction this week is between $7.65 and $8.03

AXS Price Prediction $1000: Will Axie reach $1000?

For Axie Infinity coin price to reach $1000, it would need to increase by a factor of 122. At $1000, Axie Infinity Market Cap will be $137.6 Billion. If AXS Coin price were to grow at a rate of 25% each year, it would take about 22 years to reach $1000. Let us evaluate this data

• Quality of Investment– Poor
• Growth required to reach $1000- Not Feasible
• Market Cap at $1000-Not Feasible

Considering the criteria Quality of Investment, growth required, and time required, Axie Infinity coin price has less chance of reaching $1000. Axie Infinity can reach $1000 only if 75-90% of the Tokens are destroyed.

Axie Infinity Price Prediction $100: Will Axie Infinity reach $100?

To reach $100, AXS will have to rise 12 times higher. At $100, Axie Infinity’s market cap will be $13.8 Billion. If Axie Infinity were to rise 25% every year, it would take 12 years to reach this level.

Overall, it is likely that Axie Infinity will reach $100 only if 50% of the Tokens are destroyed.

Axie Infinity Price Prediction 2024-2025-2030, Aggregated

• Axie Infinity Price Prediction 2024 is $14.8
• Axie Infinity Price Prediction 2025 is $19.0
• Axie Infinity Price Prediction 2026 is $25.6
• Axie Infinity Price Prediction 2027 is $34.8
• Axie Infinity Price Prediction 2028 is $40.8
• Axie Infinity Price Prediction 2029 is $58.7
• Axie Infinity Price Prediction 2030 is $82.8

Is Axie Infinity a Good Investment?

Axie Infinity is a blockchain-based game where players can fight, collect, and build digital empires for their pets. The game is like Pokémon and Tamagotchi in that it uses non-fungible tokens (NFTs) to represent unique creatures, abilities, land plots, and other in-game assets. This coin has established itself as a leader in non-fungible token (NFT) gaming, where the AXIE creature is represented by the NFT in the game. This game works on a play-to-earn business model where a player can start this game for free and then get paid to add new features and content.

What is Axie Infinity Used for?

• Axie Infinity Shards (AXS) and Small Love Potion (SLP) are the two in-game currencies that are key to the Axie Play-to-Earn environment, and cryptocurrency investors can trade AXS and SLP in various exchanges.
• There is no age-verification process to play this game, but this game is rated as 18+. When you sign up for a crypto wallet to trade it, eligibility is 18+.
• There was a risk of a fall in the price of this Token during Covid-19. However, in the Philippines, many workers turned to the game as a source of income. This drove demand for the Token and it rose from $2 to around $160.

How is Axie Different?

AXIE Infinity uses blockchain economic design to reward its players for their great performance.

• While other blockchain games – such as Evolution Land and Gods Unchained – have a niche-specific market, Axie Infinity has attracted people of different age groups from around the world.
• The developers claim that their game presented people with a unique income stream during the pandemic. Many Axie Infinity players are older generations who were unfamiliar with blockchain technology before they started playing the game.
• The popularity of Pokémon Go is comparable to Axie Infinity, from which it drew its inspiration. Nevertheless, it has given gaming an economic importance that other games have yet to achieve.

AXS Token

Axie is a trading and gaming platform based on blockchain, which is partially operated by its players. Unlike few other cryptos available in the market, AXS has its utility within its ecosystem.

Below mentioned are two main use cases of AXS:

• Axie token holders can stake their AXS tokens to receive regular rewards.
• The players can earn non-fungible tokens and cryptocurrencies while playing by staking AXS tokens.

It means that Axie Infinity has the potential to grow in the future because it is one of the top-performing gaming cryptocurrencies in recent times.

What Factors Drive Axie Infinity Price Prediction?

Several other factors could impact the price of Axie Infinity (AXS) in the coming years

1. For example, the adoption rate of blockchain technology and NFT gaming is a significant factor in the growth of the platform. Any positive developments in the adoption and use of blockchain technology and NFT gaming could result in an increase in the value of AXS.

The NFT gaming niche is experiencing an upward trend, with almost half of all crypto traders considering it as a viable investment route. There are currently over 500 NFT games for mobile devices in a live playable state, with many more in various forms of testing. The top five most played NFT games in 2022 are Axie Infinity, Splinterlands, The Sandbox, Alien Worlds, and Sorare – Fantasy Football. Alien World was leading the NFT games on mobile with the highest number of users, with an average daily rate of over 225,000 Unique Active Wallets. Third-world countries, such as India, Hong Kong, UAE, and the Philippines, see the most significant appeal in the NFT/play-to-earn games genre.

2. The overall health of the cryptocurrency market. As with other cryptocurrencies, the value of AXS is closely tied to the health of the market as a whole. Factors such as central bank regulations, major hackings, or scams, or economic downturns can impact the overall health of the market and result in a decline in the value of AXS.

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~Charu Taneja

Note: Please consult a registered investment advisor to guide you on your financial decisions.