The Axie Infinity game witnessed its “golden rush” in 2021. The mainstream media helped popularize the story to the general public. When everyone hopped on the P2E bandwagon, the AXS token saw significant growth. However, the token’s value plunged when the crypto collision happened. This article is all about the Axie Infinity price prediction and reasons why it can reach $50 this year.
Axie Infinity Price Prediction: How has the AXS price moved in the last few days?
Axie Infinity price prediction: AXS/USD Weekly chart showing the price – GoCharting
Axie Infinity and other metaverse tokens did not fare well in 2022. These tokens suffered the most losses of any cryptocurrency. The AXIE price fell from $158 at the end of 2021 to less than $7 in 2022. During the bear market, AXS lost more than 95% of its value. Yet, in the last seven days, the AXS price has increased by more than 73%. At the time of writing this, the AXS price is trading at $12.08.
The AXIE price has risen significantly in recent days as a result of positive signals from the platform and the community. More than 600 Axie community members gathered to discuss the project’s future. On the other hand, the NFT analysis platform CryptoSlam reported that trading with Axies has recovered. Recently, trading volume reached a short-term high of over $48,000. More traders and players appear to be returning to the platform recently.
Axie Infinity is a blockchain-based game that allows players to collect and battle creatures called Axies. It’s built on the Ethereum blockchain, and it allows players to buy, sell, and breed Axies using the in-game cryptocurrency, called SLP.
It’s worth noting that cryptocurrency investments, in general, are highly speculative, and the value of any cryptocurrency can be extremely volatile. It’s important to conduct thorough research and understand the risks involved before investing. Additionally, it’s important to consult with a financial advisor before making any investment decisions.
It’s also important to note that investing in any cryptocurrency, including Axie Infinity, is risky and can result in significant losses. Before investing in Axie Infinity or any other cryptocurrency, it’s essential to conduct thorough research and understand the risks involved. Additionally, it’s important to consult with a financial advisor before making any investment decisions.
Axie Infinity Price Prediction: Should You Invest in Axie Infinity?
In conclusion, Axie Infinity could be a good investment opportunity due to its strong community, deflationary economic model, and potential for mainstream adoption. However, as with any investment, it’s important to conduct thorough research, understand the risks involved and consult a financial advisor before making any investment decisions.
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