These systems are not to crash but on very rare occasions. As far as I am aware, there is only one coin to compete with bitcoin and that is Axie Infinity coin. Moreover, the first half of 2022 is going to show fast growth.

Calculates an up trend in the candlestick chart if one is detected. At Learn, our priority is to provide high quality information. We take our time to identify, research and create educative content that is useful to our readers. The low in 2024 could drop by -46.87%, per the high-to-low average. This puts the lowest price of Axie Infinity in 2024 at $34.15.

The Relative Strength Index was also tipping downwards to indicate that bulls were booking profits and exiting the market. On the downside, a bearish breakout of the $10.15 level could expose AXS to a drop to $9.75. According to CoinMarketCap, the AXS token on the P2E platform hit an all-time high of $165.37 on November 6, 2021, during the P2E bubble of that year. Axie Infinity made a strong comeback the day before, gaining over 20% before giving up half the gains to trade at $10.58 today. If you’re looking for other high-potential crypto projects alongside AXS, we’ve reviewed the top 15 cryptocurrencies for 2023, as analyzed by the CryptoNews Industry Talk team.

afford to lose

The coin is up by 0.16% with the maximum average price of the coin was around $9.24 and the minimum average price of was around $8.72 in past 4 months. In Last 4 months Axie Infinity has shown a growing trend. Thus, we think that similar parts of the market were quite popular at that period. According to the latest data collected, the trading volume of Axie Infinity is increased from 4 months. The trading volume constitutes a vital role in its price.

Axie Infinity price prediction and technical analysis

All information mentioned in our website is for informational and educational purposes only. And none of what you read here is by any way, an investment advice. The inclusion of gameplay centred around the game’s land NFTs, which let players modify the landscape and create shareable experiences, is the next item on the game’s extensive roadmap. Experts predict that Axie Infinity could range between $57.53 and $155.93 by 2027.

By the end of September 2023, it’s expected that the price of Axie Infinity will have typically go up to $7.91. If game company Blizzard decides to ban a player’s account, they risk losing all their possessions and achievements, unlike in Axiom Infinity where these resources are the player’s property. Players aren’t the only ones who prize Axies; investors do too. Because of their scarcity, the mystic axes are valuable, and as more players join, their value will probably rise. Theoretically, participants in regular play can generate a sizable revenue. For winning in-game battles, players are awarded SLP tokens.

You’re all having fun trading, aren’t AXS is currently located in the sales section and believes it will rise soon. “I think the price will increase based on the reasons indicated in the chart.” Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. AXS has been trading inside this channel for almost 1 month now. In my view, AXS will break out at some point in the future, especially with Bitcoin showing strength. I’m waiting for AXS to close above the channel before attempting an entry.

  • This was after an internal audit of the code was completed, along with external checks from Verichains and CertiK.
  • And with the LAND tokens expected to launch this year, the future looks bright for Axie Infinity.
  • AXS has a total marketcap of $3,906,707,718 with the 24 hour trading volume of $179,527,232.00.
  • Many experts have expressed concern that platforms like Axie Infinite are driven by unsustainable hype.
  • A rising MACD indicates an uptrend in a cryptocurrency, while a falling one indicates a downtrend.

When deciding on if Axie Infinity is a good investment for you, taking into account risk and reward is crucial. We can predict the price of AXS both in the short term and long term, but expectations need to be reasonable for each. Long term we think AXS will appreciate based on the fundamentals of the Axie Infinity project and the progress the Team is making towards their roadmap goals and milestones. Another way to make a Axie Infinity price prediction is by assessing what the project has accomplished or plans to accomplish in the near future. Keeping up to date with Axie Infinity news and planning the buy or sell Axie Infinity around key events is a method long term Traders use consistently. On the other hand, SLP (also Ethereum-powered) is the utility token gamers earn by playing, selling NFTs, and ‘breeding’ new axies.

What is the current market condition of AXS?

But with traditional https://currency-trading.org/, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example. One of the most notable crypto-related trends to hit headlines in 2021 was that of The Metaverse.

hit $

Another forecasting site, PricePrediction.net, is even less favorable, with minimum and maximum estimates of $197 and $204, respectively. Axie Infinity has been a significant influence in the play-to-earn industry using blockchain technology for several years. Axie is a battling video game developed by Sky Mavis in 2018. At the beginning of the new year, Axie Infinity developers began teasing an incoming feature for the game. A blog post teases the incoming “Project K” game mode, which combines the blockchain game with aspects of the metaverse.

The numbers represent a 74% decrease from peak levels witnessed just ten months ago. According to the game statistics site Activeplayer, the average monthly number of users playing… CVIX hints that the market is about to break loose, which corresponds with high to extremely high investment risk. Engage with the market only if you are a virtuoso of risk management. Having a fixed stop loss is a must in this situation; the position size should be kept to a minimum and with regard to a much larger risk-reward ratio. It jas a large trade volume with massive circulating supply.it also ranks the best .

Top 10 Telegram Channels for Crypto Signals in 2023

Is a US-based licensed platform that provides crypto exchange services for US residents. Dzengi Сom сlosed joint stock companyis a cryptoplatform operator and carries out activities using tokens. This update pushed the AXS past the $100 mark, as it gave users a reason to be involved for the long term. The price jumped from $74.51 on 30 September 2021 to $110.54 on 1 October.

price change

The material provided on this website is for information purposes only and should not be understood as an https://crypto-trading.info/ advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

I am passionate about writing about topics ranging from https://bitcoin-mining.biz/currency and blockchain to modern developing technologies such as ML, AI, IoT, etc. Also, the collaboration of Finance and Technology attracts me. Moreover, the Accumulation/Distribution (A/D) maintained its immediate support after a mild bullish divergence with price. The Relative Strength Index exhibited a robust selling edge after swaying near the threshold of the oversold mark. A likely reversal from these lows could position the token for near-term gains.

How to invest in AXS?

September saw another major update to the Axie Infinity ecosystem. The staking feature went live on 30 September, allowing users to stake their AXS tokens. Through staking AXS, users are given AXS rewards as well as voting rights on the future of the game. The voting rights give users a say on the community treasury, an account that currently holds $2.7bn worth of AXS.

However, suppose Axie Infinity does commence a corrective process. A failure to hold that range would introduce the potential for a test of the 50% retracement level at $13.69. Next,DigitalCoinPrice made an AXS price prediction that said the token could trade at $7.84 this year, $16.50 in 2023 and $24.44 the year in 2024. For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin’s price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project’s whitepaper.

Axie adds fun to money making by braking down the big world of crypto trading into one cyber space of cuteness. Stability is not that guaranteed for a span of 20 years or so . However , be aware that prices keep sky rocketing each day making it hard for beginners to join. In 2021, the average Axie Infinity price will go down to $58.1. In 2022, Axie Infinity’s price will rise significantly to an average of $87.63. And the most expensive Axie ever sold went for 300 ETH (around $620,000 today).

What will Axie Infinity be worth next month (March ?

Finance Jungle is India’s fastest personal finance blog where you can find articles written by finance niche experts. You can also find articles on small business, investing, and cryptocurrency niche. We do our best to provide you with 100% fact checked articles.