Axie Infinity (AXS) is the most active member of the cryptocurrencies market to date. According to CoinGecko, ‘due to its market capitalization this asset is now in the top 50 cryptocurrencies.’
In addition, over the past 30 days, the cryptocurrency has recorded a rise of more than 112%, which is a bullish signal. AXS is recovering from its bearish fall on July 26 and is trading at a fairly high price of $ 69. Over the past 14 days, AXS has gained 17%. If this trend continues, AXS could quickly set a new all-time high.
What Is Axie Infinity (AXS)?
Axie Infinity is also one of those blockchain-based games in which the players partially own and operate it. It drives its motivation through games like Pokémon and Tamagotchi. Axie Infinity to PancakeSwap allows players to collect, breed, raise, compete, and exchange token-related fictional animals called Axies.
Each Axi has unique features that differentiate it from other creations. For instance, animals are defined by the amount of body parts and color. You can obtain information with the features in the Axi cards on the Axie Infinity marketplace or in your account (in the case of previously acquired animals). There are four various curiosity levels for each group class part: normal, tenuous, ultra-rare, and customary. The feature of adding any body part that could boost the diversification of the player is the most important and unusual feature of the game.
Each Axi has a lot of different features which are non-fungible token (NFT):
● It can be used in 3v3 battles when the winning team gains more experience points, which are used to increase the characteristics of Axi or develop parts of its body.
● Additionally, these Axis can be mixed to create unique and individual offspring that can be applied or traded on the Axie market.
The Axie Infinity Ecosystem has its unusual governance token identified as Axie Infinity Shards (AXS). This token is applied to cooperate in essential control projects and provides purchasers a vote on how stocks are employed in the Axie association safe. Read more on the Aligat0r Website.
Now that we have a basic understanding of AXS, do you think this asset is a profitable cryptocurrency in 2021? Join us and take a look at the charts of AXS price analysis and prediction.
Axie Infinity (AXS) Price Prediction 2021
The data from the chart shows that AXS has performed well over the past days. The AXS rate is showing a bullish trend, showing a rise of 118% over the past 30 days. AXS could follow the bulls if this trend continues, breaking its $ 84 resistance level and climbing higher.
Conversely, if investors turn their backs on a given asset, bears could gain the upper hand and push AXS out of an uptrend. Simply put, the AXS rate could drop to almost $ 37.44, which is a bearish signal.
Meanwhile, our long-term AXS price forecast for 2021 is achievable. This cryptocurrency has a good chance of hitting a new All-Time High (ATH) of $ 83.26 this year. In any case, this scenario is possible when psychological resistances are overcome.
Axie Infinity (AXS) Price Prediction 2022
If the trend continues, AXS may hit the hammer of $ 200 by the end of next year that is 2022. Moreover, the first six months will show unbelievable growth, up to $ 250. This growth will then slow down, but no major falls are expected. Given the upcoming partnerships and developments, reaching the $ 200 level is quite optimistic but achievable soon.
With an ongoing strong marketing approach, we can assume that Axie Infinity has a bright future in 2021. The 2021 bullish AXS price prediction is $ 129.35. As said above, it could also hit $ 150 if investors choose AXS is a great purchase in 2021, along with better cryptocurrencies like Bitcoin and Ethereum.