Axie Infinity is a fictional character created by Axie.
Axie Infinity is a popular Ethereum-based blockchain game. Trung Nguyen, the current CEO of Sky Mavis, a Vietnamese video game firm, designed the game. The goal of Axie Infinity is to demonstrate the power of blockchain technology in a way that is both informative and entertaining while also providing financial opportunities. It has succeeded in doing so by establishing itself as a leading cryptocurrency gateway to the blockchain technology field.
The Pokemon and Tamagotchi video game series’ viral success served as inspiration for its creation. It also has a dynamic, engaging, and open-ended gameplay mechanic that rewards players with a variety of virtual token-related creatures known as Axies. Throughout the growing Axie Infinity ecology, these creatures can be traded, reared, and battled in real time. Axies are non-fungible tokens (ERC 721 tokens) that may be used to earn experience points in 3v3 battles.
Axies are classified as common, rare, ultra-rare, or legendary on a scale of one to four. With experience points earned in battles, they can evolve or level up stats.
Axies can also be crossed to produce new and unique offerings that can be traded or used within the Axie ecosystem. Axie Infinity operates on a play-to-earn paradigm, which allows users to earn crypto in exchange for participating in network games.
Governance token Axie Infinity
AXS (Axie Infinity Shard) — an ERC-20 token – is the native cryptocurrency of the Axie Infinity universe, and it is utilized for governance, staking, and payment.
Staking
Stake your tokens to win newly produced AXS in the Axie world. Stakeholders must also play and vote in order to receive rewards.
Payment
The Axie ecosystem, or NFT Marketplace, uses AXS crypto as its official currency. It can also be used as a criterion or tender for Axie’s auctions and sales.
Axie Infinity Shards and Governance
In early 2021, the ecosystem’s treasury was established, and it began accepting revenue created within the network as well as certain percentages of staking rewards. Axie Infinity’s design encourages the network’s move to completely decentralized governance, so AXS stakeholders make part of the network’s development decisions. Axie Infinity is scheduled to shift to a fully community-owned decentralized corporation as soon as the network becomes sufficiently decentralized by October 2023.
AXS was created to provide a fun manner for game developers and players to align their rewards/incentives. The purpose of the mechanism depicted in the graphic above is to incentivize a token holder(s) or gamers to interact with the Axie cosmos at the same time. It also shows how the network’s governance and ownership have become more decentralized.
The SLP, or Small Love Portions, is another token on the network that is used to nurture Axies.
The workings of the Axie Infinity environment
Breeding (nurturing) and combating Axies on the Axie Infinity shards – the token-based animals essential to the ecosystem’s experience – are at the heart of Axie Infinity’s gameplay. Axies are usually distinguished by two characteristics: their class and their bodily parts. These characteristics can assist separate them from one another and help establish their rarity level. Furthermore, each Axie has four (4) stats: Speed, Morale, Health, and Skill, all of which are important in the gaming mechanics. Each Axie’s damage tolerance, attack potency, and other characteristics are determined by these statistics.
Axies come in three (3) secret categories: Mech, Dawn, and Dusk, as well as six (6) normal classes: Reptile, Aquatic, Plant, Beast, Bug, and Bird. Each class has its own set of flaws and qualities that determine how it compares to other classes. Aquatics have a strength edge over Mech, Beast, and Bug Axies, but they are weaker than Dusk, Reptile, and Plant Axies, according to the Axie Universe’s regulations. Eyes, tail, back, mouth, ears, and horns are among the six (6) physical components that Axies possess. Other parts, with the exception of the ears and eyes, have unique talents that influence their combat ability.
Adventure and Arena modes are also available in Axie Infinity. In both game modes, players can gain SLP or AXS. Battle built-in non-player opponents known as Chimera to acquire rare riches and tokens to enhance your characters in the game. Gamers can develop new and unique progeny creatures with distinct powers and qualities, much like they do in the real world. Breeding or nursing can occur up to seven (7) times, with each time requiring more AXS and SLP. Axie children usually go through a five-day development period before becoming battle-ready. They can also breed or sell on the Marketplace.
The Axie ecosystem provides players with more than just the ability to trade and acquire creatures; it also provides them with tokenized virtual lands known as Lunacias, which will serve as a home for their Axies. Third-party developers will be able to create exclusive games with the Lunacia SDK in the future.
The Axie Marketplace is an online marketplace that allows you to buy and sell items.
The best location to find Axies for sale or recent sales history is on the Axie Infinity marketplace. When seeking for Axies that match their preferred pricing, stats, body parts, class, and other criteria, players can use the filter feature to refine their search. By first financing a Ronin Wallet with ETH, Axies can be purchased.
Will Axie Infinity be profitable in 2022 and beyond, now that we have given you thorough information about the company? Let’s have a look at its historical price analysis, present market state, and price predictions.
Previous Price Predictions for Axie Infinity
According to Coinmarketcap data, AXS started trading at $0.1798 and quickly dropped to $0.1234 by November 6, 2020, which was its all-time low. The coin reached $1 for the first time on January 27, 2021, and by February 13, 2021, it had gained almost 90% in value and was trading at a top market price of $2.07. AXS achieved its all-time high of $165.37 on November 6, 2021, after reaching a high of $11.81 on July 6, 2021.
AXS had a 90-day low of $48.25 and a high of $165.37 during that time. Price momentum has been optimistic for the past 90 days, with uptrends from the beginning of October 2021, as shown on the chart.
Price Predictions for Axie Infinity 2022-2030 Based on Authority Sites
Investor’s Wallet
Axie Infinity is expected to be a good investment according to Wallet Investor. In 2022, the coin is expected to reach $67.056. In five years, the cryptocurrency will be worth $247.451. The present price is expected to climb 1437 percent in five years, according to Wallet Investor.
Trading Beasts
By the end of 2022, the value of AXS coin is expected to decline. Its average price is $14.68, with a maximum of $18.35. According to Trading Beasts, AXS will rise by 87.46% in 2023. A maximum price of $43.69 and a minimum price of $29.29 should be set for the coin. AXS is projected to have a $34.45 average price. AXS will have a minimum price of $37.54, a maximum price of $55.22, and an average price of $44.17 by 2024. Furthermore, by 2025, AXS will have grown by 176.49 percent. The coin is expected to reach a high of $63.52 and a low of $43.19 by that time.
PricePrediction.net
The bullish price forecast for AXS is $25.92, according to PricePrediction.net. They predict a maximum price of $29.25 for the coin and an average price of $26.71 for the coin. AXS is expected to have a minimum price of $188.10, a maximum price of $214.01, and an average price of $194.41 in 2027, according to PricePrediction.net. AXS is expected to reach a high of $672.89 and a low of $541.04 by 2030. It is expected to cost $556.99 on average by that time.
Price Prediction 2022 for Axie Infinity
In 2022, AXS is anticipated to be worth at least $15.23. The AXS price might reach a high value of $17.43 with an average projected price of $16.56.
2023 Price Forecast for Axie Infinity
The price of AXS in 2023 is expected to be positive, according to our forecast. Axie Infinity is expected to cost $16.57 as a starting point. It’s expected to cost $18.50 on average in 2023. AXS is expected to hit a high of $20.57 once again.
2024 Price Forecast for Axie Infinity
In 2024, AXS is predicted to trade for roughly $22.49, with a minimum price of $15.31. AXS might hit a high of $18.78 in 2024.
2025 Price Forecast for Axie Infinity
1 AXS is expected to cost $21.65 in 2025. The AXS price might hit a high of $27.02 by 2025, with an average of $23.79.
2026 Price Forecast for Axie Infinity
In 2026, AXS will soar to unprecedented heights in terms of price points and market capitalization. In 2026, the price of Axie Infinity is predicted to top $24.54. In the following five years, starting in 2026, Axie Infinity is estimated to reach a maximum price of $24.54 and a lowest price of $20.31.
2027 Price Forecast for Axie Infinity
In 2027, the price of Axie Infinity is predicted to reach $30.65. Axie Infinity, on the other hand, is anticipated to hit a low of $24.11 this year. It’s possible that the highest price is $35.67.
2028 Price Forecast for Axie Infinity
Axie Infinity will cost $41.70 at most by the beginning of 2028, according to our forecast. By the end of the year, though, AXS’ average price should be $38.85. Furthermore, the price of AXS can rise to $36.56.
2029 Price Forecast for Axie Infinity
The average price of Axie Infinity is predicted to reach $50.59 by 2029. Axie Infinity is anticipated to have a minimum price of $49.09 by 2029. AXS can also go as high as $53.40.
Price Prediction 2030 for Axie Infinity
By 2030, Axie Infinity is expected to be worth at least $55.28. Axie Infinity’s worth might reach $58.51 at its greatest point in 2030, with an average trading price of $56.74.
