Axie Infinity Price Prediction: Why is AXS Rising?
Axie Infinity is one of the most popular and divisive of these new games that allow players to earn tradeable crypto currencies. Axie relies on two different cryptocurrencies, which are AXS and SLP. Others find evidence that the Axie Infinity model is unsustainable when they look at the buy-in pricing, which is already more over $600 AXS coin price, and the influx of newcomers “working” for low-value tokens.
The number of daily active users on Axie Infinity increased from 30,000 in April to more than 1 million in August, with the majority logging on from underdeveloped countries affected severely by Covid, such as the Philippines, Brazil, and Venezuela. According to Etherscan, Axie, which was originally constructed on the Ethereum blockchain, reported roughly $30 million in Ether transfers each day during the past month. That is not much in the $2.2 trillion cryptocurrency ecosystem, but it is significant for players and governments in poor nations. According to local news media, the Philippines’ Department of Finance and the Bureau of Internal Revenue warned players on Monday that their Axie Infinity earnings are subject to income tax.
Today, in this article, we will tell you about the game and Axie Infinity price and AXS Stock forecast 2025 in detail.
How much is an Axie?
Axie Infinity price goes between $300 and $400 USD. With a beginning initial payment of US$ 1,200, this has created a barrier for anyone interested in trying out the game.
The current Axie Infinity price is $45.95. Today, the opening Axie SLP price was $45.64, with a high Axie SLP price at $46.39 and a low at $44.72.
In one year, the long-term profit potential is +40.82%. So that, Axie is a long-time investment. Also, Axie Infinity price does not seem to be declared in the next years. In one year, the Axie Infinity price might climb from $113.140 to $159.329.
Let’s see the Axie Infinity price predictions.
- Axie Infinity SLP price is projected to reach $200 by 2022.
- Axie Infinity SLP price is projected to reach $350 by 2023. This is only feasible if the Axie price continues to rise. Furthermore, only if the cryptocurrency Axie Infinity overcomes the mental barrier, which is the psychological resistance level.
- According to the most recent developments and Axie Infinity SLP price predictions, these may increase the AXS coin price on the crypto market. So that, Axie Infinity SLP price is projected to reach $500 by 2024.
- According to AXS stock forecast 2025, Axie Infinity SLP price may race up to $720 by 2025.
- Bullish AXS coin price forecast ranges from $84 to $127.
- AXS coin price has had several positive rises that are higher than the last one. So that, Axie Infinity SLP price may possibly hit $150 soon.
- The bearish market price forecast for Axie price in 2021 is $37.44.
- AXS coin price might break out of its rally and drop to a bearish Axie price.
- In the last month, the Axie SLP price is over 118%. If this rally continues, Axie SLP price may rise with the bulls, breaking through its $84.037 resistance point and rising to a higher Axie SLP price.
- With future collaborations and improvements, reaching $200 is very hopeful for Axie price, but it is certainly possible soon.
How much is the cheapest Axie?
The Axies are non-transferable tokens. These digital items held by players may be bred, purchased, and sold. The cheapest Axie Infinity price on the market right now is approximately $200. The most expensive Axie Infinity price ever sold was 300 ETH.
Can I buy AXIE Infinity on Coinbase?
Axie Infinity advertises itself as a “play to earn” game in which players may sell things through the game’s NFT marketplace while also earning tokens generated by the game.
The game relies on two different cryptocurrencies:
Axie Infinity Shards (AXS), the major cryptocurrency, may be purchased and traded on platforms like as Coinbase. To play the game, you must have some AXS, but you may also exchange AXS like Bitcoin, Dogecoin, or any other significant cryptocurrency. AXS will also work as a governance token, allowing holders to have a say in the game’s development.
For spending time in the game, users get another token called Smooth Love Potion (SLP). Some may be earned through defeating an opponent’s Axie or by completing in-game tasks. The more you play, the more SLP you may earn. (Since this currency is presently unavailable on Coinbase, it may be bought and sold on DEXs such as Uniswap or SushiSwap.)
How do I get the AXIE Infinity coin?
Right now, Binance is the most popular marketplace if you want to buy or sell Axie Infinity. AXS is the Axie Infinity game’s governance token.
You can find below what you need to do to get Axie Infinity coin.
- Create a free online account: To invest in AXS, you must first register a cryptocurrency exchange account with a site that accepts the Axie Infinity coin.
- Get a wallet (optional).
- Make a purchase.
How do you buy a Axie?
As we mentioned in the title above, to invest in AXS, you must first create a cryptocurrency exchange profile with a site that accepts the Axie Infinity coin. Currently, the best way to buy Axie tokens are on Coinbase and Gemini. Axie tokens may be purchased through Coinbase in several ways.
How much does an infinity Axie cost?
Previously, players could get started with $5 to $10. Now, the lowest price for an Axie is approximately $200, thus gamers must spend $600 to play. Axies may breed up to 7 times before becoming sterile. Before you can buy your first Axie, you’ll first need two wallets and some Ethereum (ETH).
How many SLP does it take to breed an Axie?
With Arena, you may either breed or battle other teams. If you want to breed, you must have some $AXS (AXS coin price) and $SLP (Smooth Love Potion), which is the Axie slp price. The most important aspect in earning as much SLP as possible is to have the correct team of Axies.
Breeding costs 1 AXS and a specific number of Smooth Love Potions (SLP), based on breed number of Axies. The breed number indicates how many offspring the Axie has previously had.
How much does it cost to invest in AXIE infinity?
Gamers should invest minimum around $600 (a several AXS coin price) to play.
Will AXIE Infinity last forever?
Axie Infinity has better outperformed than almost all other cryptocurrencies in terms of returns, making it an interesting investment for people who believe in cryptocurrency games. With the game expected to launch this year on iOS and Google Play, there may still be time for AXS to improve.
Axie Infinity price is between $300 for the game players seem to complain a bit. But the complaint is not about the game, but about the expensive Axie Infinity price. There was also a lot of complaints about the $200 Axie Infinity price, which is required to be paid at first to start the game. But this Axie Infinity price will continue to decrease as the day goes on and the number of players increases.
Also, if the Axie Infinity price is cheaper, it seems that users will never be able to leave this game. Who doesn’t want to make money while sitting at home and playing games?
We hope you like this article where we inform you about AXS coin price and AXS stock forecast 2025. Please note that this article does not contain investment advice.