The Axie Infinity game had its “golden rush” back in 2021. The mainstream media helped in pushing the narrative to the masses. The AXS token had an extraordinary rise when everyone jumped on the P2E bandwagon. However, when the crypto crash happened, the token lost significantly in valuation. Today, after an extended consolidation, crypto prices are picking back up. AXS specifically rose by 24%. How can the Axie Infinity price continue? Let’s talk about Axie Infinity!
What is Axie Infinity P2E?
Axie Infinity is developed by Sky Mavis, a technology-focused game studio founded in early 2018. The whole Axie ordeal is inspired by Pokemons and Tamagotchi games. Axie Infinity is classified as an NFT game, that allows individuals to earn currency from playing the game as they breed, race, battle, and trade Axie creatures in the marketplace. Axie Infinity’s mission was to function as a fun and educating way to introduce the world to blockchain technology. Many of the developers and the team members met from plating Cryptokitties, which then evolved to them working on the Axie game and introducing the magic of blockchain technology to players.
Will Axie Infinity Prices Keep Rising?
The Axie Infinity price is currently between support and resistance. The price recently reclaimed the $24.90 resistance as support and is currently trading at it. The resistance is around $28 and already tested prices today, 05/31/2022. The price fell back to the $24.90 support. Now the price could be in a sideways phase between $24.90 and $28. However, this sideways phase is nothing bearish, but rather something bullish. After the phase is completed, there is a higher probability that the Axie Infinity price will continue bullish. So the rise could continue. Furthermore, the extremely increasing volume was very bullish as many sell orders were triggered. As a result, there is currently less selling pressure than before.
Axie Infinity Price Prediction – Where will AXS price reach?
Axie infinity price has to break the $29.80 and $31.60 resistances in the next few days. If both resistances are broken, the price could rise to the next higher resistance. This is around $44.86, which is why a price increase of around 80% is conceivable. An investment in Axie Infinity with some risk could definitely be worth it now. However, after hitting the $44.86 resistance, we anticipate the price to resume the downtrend.
