Axie Infinity is an emerging player in the Crypto world. With very little time in the
market, this game has shown some very promising models. It is known that investors are curious
about the future of Axie infinity. What's the next Axie? What can one expect from one's
investment in Axie? These are some of the questions swirling around every Crypto Investor's
head. Well, if you are such an active investor then this video will be the perfect place
for you. So sit back and stay with us until the end as we share the future of Axie infinity
with you and let you know if it's a profitable investment.
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in the comments section below. So without further explanation, let's dive into the topic.
Cryptocurrencies have gradually spread in the mainstream consciousness and have gained
traction. However, many of them have not withstood the test of time and will continue to do so
as long as it is mass-adopted. When a revolutionary property steps in, maybe, focus on what the
masses crave: Fun. Through entertainment, one can focus on creating
more wealth, which became apparent when the Axie Infinity protocol was invented. The in-game
token means that the Axie Infinity Shard Token has been specially created with a few to offer
an eclectic mix of crypto and gaming interests. All the benefits of playing are built on top
of blockchain algorithms where anyone can earn tokens thanks to their game acumen, creating
more fun ways to earn. Before getting started with actual Axie Infinity price predictions,
let's take a look at the overview. Founded on the interests of the gaming, crypto,
and blockchain industries, Axie Infinity is built on top of the Ethereum network. And
this is not all. There are countless ways to earn Axie, but as part of cutting-edge
technology, i.e., Blockchain rewards players for joining, completely unprecedented but
in the world of Axie Infinity. So get ready to join the Play to Earn revolution called
Axie Infinity! Inspired by the Pokémon identity-based universe,
Axie Infinity allows users to earn tokens that show the ability to game, battle, collect,
nurture, and build a land kingdom for animals. their rearing. All Axie assets and genetic
data are simply extensible by third parties, allowing the entire eco-space of developers
to find the base of our tools and experience. their own. Recently founded in 2018, although
the Axie protocol is still in its infancy, Axie has ranked the #1 Ethereum game and remains
the top choice of daily, weekly active users. and monthly.
Axie Infinity has built a fast, reliable network and is working on the user experience of the
product. These features could help the AXS coin rise in the upcoming future. If the momentum
for functional crypto continues through 2023, the AXS price could skyrocket in terms of
the pattern and users could reap substantial profits.
There are quite a few Axie Infinity predictions for the token. There are assumptions that
the price of AXS could reach $120, $145, especially after the company's designed technology and
advancement announcements. The advantage is especially taken by its security and scalability
features. Attractive promotional projects can do the rest and keep investors profitable.
As a major revenue generator for Ethereum, Axie Infinity has generated over 6,400 ETH
to date. On the one hand, Axie symbolizes the era of games and entertainment; on the
other hand, it reflects the value of social responsibility, in that it creates job opportunities
for the masses and builds a strong community environment, setting the path towards a sustainable
foundation. Users can own Axie Market's original Axie Infinity Tokens, collect and use them
in an ever-expanding game universe! With a market cap of $2,686,832,085 and trading
volume of $2,097,401,279, the current price action of Axie Infinity reflects a moderate
correction. The price of AXS is around $44 and there are many good reasons to surprise
users according to the latest news updates regarding the NFT boom.
Axie Infinity has skyrocketed by about 300 percent over the past month and 12,000 percent
in 2021. The altcoin presently trades at $72, slightly below its all-time high. Its blockbuster
rally has left investors wanting to know Axie Infinity's (AXS) price prediction.
Axie Infinity price has reached a crossroads and could go either way. And considering AXS
is up 2,200% since July. What comes next is likely to be brutal. However, the last time
the token reached a crossroads was 10 days ago, just before it more than doubled. One
thing is for sure; we should expect the unexpected. Like Pokemon, Axie Infinity, the Ethereum
blockchain-based trading game, allows users to collect and take care of virtual characters.
However, each Axie character is a non-fungible token (NFT), that can level up by winning
battles against opposing characters. Players can then breed them and sell their offspring
on the Axie marketplace. This reward incentivizes players, encourages
community building, and, in theory, increases demand for the AXS token. And as a result
of the booming-again NFT market, the Axie Infinity price has exploded in the last month.
Using the daily price chart of AXS traded on Binance, we see a clear pattern emerging.
At the end of June, the Axie Infinity price exploded 2500% from under $3.00 to $56.44.
Then AXS spent around two weeks building a rising flag pattern before bursting higher.
AXS doubled between the 10th and 19th of August, topping out at $85.22. And for the last 10
days, the token has been forming a similar rising flag. The lower end of the flag is
seen at $67.30 and should be considered the first important support level. And above the
market, the top end of the formation is visible around $89.00 and the first resistance.
Considering how Axie infinity has traded in the last month, a price prediction is almost
impossible. And if the top end of the flag is penetrated, AXS could scream even higher.
However, a more likely event is AXS loses support at $67.30. If this happens, I expect
a material correction. A break of $67.30 should lead to the price testing the former trend
support around $50.00, which coincidently aligns with the 50-day moving average. However,
if that fails to hold up, AXS can go much lower. How much lower remains to be seen.
But considering the token was $2.65 two months ago, my guess is quite a lot lower.
Axie Infinity price is holding up better than most altcoins and shows resilience despite
the recent sell-off. AXS is currently holding above a crucial support level and shows signs
of a momentary upswing. Axie Infinity price-performance saw a massive
bump since July 21, pushing it from $14.75 to an all-time high at $83.58 on August 21.
Despite the recent market crash, AXS dropped only 19% but found support around the 127.2%
Fibonacci extension level at $67.20. So far, Axie Infinity price has managed to
consolidate above it and might head higher if the buyers make a comeback.
The $77.50 level will be the first barrier that AXS needs to shatter. Beyond this level,
Axie Infinity price might make a run at the August 17 swing high at $82.18 and, in a highly
bullish case, retest the all-time high at $85.58.
In some cases, AXS might tag the 161.8% Fibonacci extension level at $84.70 and set up a new
all-time high or head higher to tag the 200% Fibonacci extension level at $104.07.
On the other hand, if Axie Infinity's price fails to hold above the $67.20 support level,
it will indicate weakness among buyers. This move could push AXS to the subsequent foothold
at $63.11, a breakdown of which will set up a lower low, invalidating the bullish thesis.
In that case, AXS might crash another 16% to tag $53.44. Based on the data, it can be
predicted that it is Possible to Invest in Axie Infinity in the long term. Long-term,
we can call it Axie Infinity price prediction for 5 years or more.
Before ending this, please note that cryptocurrency prices change frequently, so by the time you
watch this video, it may have changed to a completely new value. The information provided
in this video is not investment advice, financial advice, trading advice, or any other type
of advice and you should not consider any such content. The content in this video is
for educational purposes only and should not be considered financial advice. Do your due
diligence and consult your financial advisor before making any investment decisions.