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Axie Infinity Price Forecast 2024-2030

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Release: 2024-03-21 13:42:54
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Axie Infinity Token (AXS) is trading at $5.62, down nearly 97% from its November 2022 all-time high (ATH) of $165.37. Despite trading steadily lower since this ATH, AXS has not traded below $4 since June 2021, with that support just bouncing off to break out of the descending wedge. By mid-2026, all Axies Infinity tokens will be in circulation.

Axie Infinity Price Forecast 2024-2030

Axie Infinity is one of the most well-known blockchain games on the market, mainly is due to the sharp rise and fall in token prices in 2021 and 2022, which was due to the short-lived adoption of its game-to-money gaming model. The Axie Infinity game and its associated token (AXS) are still growing and moving towards the future of blockchain gaming.

In this Axie Infinity price prediction, we will look at what will happen to the price of AXS and the impact that external factors, as well as protocol and in-game ecosystem factors, may have on the price.

Axie Infinity Coin Price Prediction 2024–2030 Summary

  • Axie Infinity Coin (AXS) is trading at $5.62, off its all-time high in November 2022 (ATH) is down nearly 97% at $165.37.
  • Axie’s ATH is an almost hysterical combination of bullishness and the play-to-earn (P2E) elements of Axie Infinity.
  • Despite trading steadily lower since this ATH, AXS has not traded below $4 since June 2021, with that support just bouncing off to break out of the descending wedge.
  • Game development is progressing steadily, and as the Axie Infinity gaming ecosystem continues to expand, so do the use cases for the AXS token.
  • All Axies Infinity tokens will be in circulation by mid-2026, meaning the circulating supply will almost double between 2024 and the end of 2026.
  • With a solid platform and steady growth through ecosystem expansion and additional game modes, Axie is well-positioned to capitalize on the anticipated near-term adoption of blockchain gaming.
##yearLow priceMeal average budgetHigh price
2024 $10 $15 $20
2025 $20 $30 $37.50
2030 $60 $65 $80

Axie Infinity Price History

The Axie Infinity project was initially funded through a private sale ($0.08 per coin) and an Initial Exchange Offering (IEO). Binance Launchpad, $0.10 per coin. It then debuted on the Binance exchange at the same price on November 4, 2020, the day the IEO closed. It has remained above that price.

Its P2E model helped it gain popularity, and by May 2021, it was considered a legitimate form of income for Filipinos – with many making seven months worth in just one month salary.

The price surged from $5.67 on July 1 to $165.37 on November 6, driven by growing demand for the game and the broader crypto market bull run at the end of 2021.

Due to the failure of the game's token economics - very much a Ponzi scheme - which relies on continued adoption of the game by new players - the value of both of the game's tokens (including AXS) plummeted. However, it is worth noting that its speed is the same as that of the broader crypto market. The failure and consequences of the P2E model were widely reported in the media. Among other things, Ronin Bridge, the sidechain on which the Axie Infinity game runs, was hacked in 2022 for over $600 million in ETH and USDC.

At the beginning of 2023, the Axie Infinity token was worth just $6.04, a 96% loss from its ATH in November 2021. Despite a confusing pre-coin-unlock price pump on January 22 that saw the coin reach a high of $13.94 (the highest price of the year), the Axie Infinity token has spent much of the year trading between $4 and $10 .

Despite all of this price volatility, the price of Axie Infinity token AXS has not dropped below $4 since June 29, 2021.

Key Points in Axie Infinity Price History

  • Debuted on November 4, 2021 at $0.10. Today’s price is $5.62, up 5,520% from the initial price.
  • Fueled by its popularity and a late-2021 bull run, Axie Infinity hit a high of $165.37 on November 6, 2022. Its issue price increased by 165,270%.
  • At the beginning of 2023, AXS was worth $6.04, down more than 96% from its historical price.
  • The Axie Infinity token jumped to a high of $13.94 in early 2023.
  • Since then, Axie Infinity has been moving within a descending wedge, trading between $4 and $10.

Axie Infinity Price Prediction 2024

One of the big topics surrounding the 2024 price prediction is that the Bitcoin halving is expected to take place in April. These halving events are usually followed by a bull run. On top of that, we currently appear to have thawed the cryptocurrency winter, as a Bitcoin ETF seems imminent, but many analysts are divided on its impact on Bitcoin prices. All of this, whenever or if it happens, is likely Have a positive impact on the price of the 2024 Axie Infinity.

Axie Infinity crypto project

Regarding the progress of the Axie Infinity world, the development of the game is advancing steadily, and at the end of 2023, Axie Infinity: Homelands entered the pre-beta stage and spent nearly a year in alpha. years later. The release of this game, the continued focus on expanding the Axie gaming ecosystem and making it more attractive to new players, and the planned release of the merchandise store in early 2024 all bode well for Axie Infinity's 2024 price predictions.

With this in mind, our price forecast for Axie Infinity in 2024 is a high of $20 (AXS's recent resistance history), a low of $10, and an average price of $15.

Axie Infinity Price Prediction Long Term Outlook – 2025-2030 Forecast

Typically 12-18 months after the Bitcoin halving event, Bitcoin and other tokens will reach new ATH. This means that these targets should be achieved by 2025. Including the bumps the release of upgrades and new gameplay elements could bring to the Axie Infinity token price, Axie Infinity has a bright future in 2025.

However, the AXS token is still being released, with 52% of the supply in circulation and another 47% set to be released between now and the end of 2025 – nearly doubling the number of tokens on the market . If the utility of these tokens and gaming adoption levels do not increase significantly during this period, this could put downward pressure on token prices – even in a strong bull market.

Our Axie Infinity price prediction for 2025 is boosted by the Bitcoin halving, but we are not close to the ATH zone, with a high of $37.50, a low of $20, and an average price of $30.

Candle Chart, 2025, Price Predictions

Looking ahead to 2025, like other coins, predictions for the Axie Infinity coin through 2030 are very difficult.

Axie Infinity’s current development plans and roadmap do not extend beyond 2026. However, there are grander plans than what is planned in these roadmaps, and we expect the game and ecosystem to continue evolving into the future, with the creation of an Axie Infinity token being an essential element.

As the blockchain ecosystem develops, we can expect to see more gamers becoming increasingly interested in blockchain games. When they do, they start by trying some of the bigger games - and Axie Infinity is one of those top titles. By this time, with all AXS tokens in circulation, the game should have grown to include substantial utility for AXS tokens, and community governance (requiring token locking) should be in full swing.

However, if Axie Infinity suffers another major hack, development drops, or the game fails to gain adoption for some reason, then we may see AXS issue negative price changes on a regular basis.

But, taking all of this into account, our Axie Infinity price forecast for 2030 is positive, with a high of $80, a low of $60, and an average of $65.

Potential Highs and Lows for Axie Infinity Coin Price

Below, we have collected annual Axie Infinity price predictions.

Low Price Meal Average Budget High Price
2024 $10 $15 $20
2025 $20 $30 $37.50
2030 $60 $65 $80

What are other analysts predicting for Axie Infinity Coin?

Many analysts have weighed in on Axie Infinity's future price, and here are some of those predictions.

The CryptoNewsz website predicts that Axie Infinity will reach a high of $14.79 by the end of 2024. They also predict a modest increase in 2025, with a peak price of $19.07 in both years.

cryptonews

AMBCrypto predicts that Axie Infinity’s AXS will reach $85.78 by the end of 2030, with the average price for that year being $71.48. They also expect it to surpass its ATH in 2033 and hit a new record of $188.45.

AMBCrypto’s

Via MSN website, Cryptopolitan predicts that by 2030, Axies Infinity will reach a new ATH of 194.08.

Secret

##Changelly blog states that AXS will reach a high of $16.59 in 2025. However, it did send AXS over the $100 mark in 2030, with a year-end high of $114.76.

Changelly Blog

Bitnation predicts that the price of AXS will reach $26.26 by 2025 and is expected to exceed $8.21 by the end of this year.

bit

What is Axie Infinity Coin and what is it used for?

The Axie Infinity token is called Axie Infinity Shards, stock code: AXS, it is one of the two tokens used in the blockchain game Axie Infinity and is the utility and governance token of the game ecosystem .

What is Axie Infinity?

Axie Infinity is a blockchain-based game built on Ethereum’s Ronin sidechain. It is developed by Sky Mavis Development Company. It's a player-versus-player (PvP) turn-based game in which players collect and build teams of Axies — novel creatures, each represented by an NFT — and then use them to battle others across multiple game formats.

Axies are a variety of creatures whose defining characteristics, as far as the game is concerned, are the body parts they possess. During the game, the player's Axies draw cards, and their ability to use the cards depends on the body parts they possess.

According to data from DappRadar, Axie Infinity ranks 15th among blockchain games by the number of unique active wallets. But it ranks first when blockchain games are ranked by the number of transfers in and out The game's token value.

Multiple Game Modes

The game originally started with the classic version, where the Axies battle in an arena, and has grown to include Axies Infinity: Origins, which features an adventure mode, unrated Art, new cards and items, and in-game changes. There's also a Metaverse-style game in development called Axies Infinity: Homelands, which will enter pre-beta in late 2023.

Other mini-games are already in development, and at least two more developers are working on Axie Infinity Games are built within the ecosystem, with plans to further develop the ecosystem. There are also numerous tournaments that feature AXS as prizes.

Breeding Axis

One of the main elements of Axies Infinity is the breeding of Axies to create new Axies. Each Axies is represented by an NFT, and each Axies has a unique genetic code. Breeding Axies can produce an almost infinite variety of creatures, each with unique genetic characteristics. These can then be used in-game or on the NFT market.

To breed Axies, players need to pay a certain amount of Smooth Love Potion (SLP) and a varying amount of AXS.

Another Token: SLP

Another token in the Axies Infinity universe is the Smooth Love Potion. This is used specifically for one element of the game, which is breeding Axies to create new Axies. Each Axie can only be bred 7 times, with each use requiring an increasing amount of SLP.

Unlike AXS, which has multiple use cases and many sinks and faucets in the game, SLP has only one purpose, breeding Axies, and is only released as a reward for competing in the game's arena. It is also now available on many top DEXs.

What is the purpose of AXS token?

AXS is the utility and governance token of the Axie Infinity ecosystem. It has multiple use cases that can be divided into three categories:

  • Staking: Owners of AXS can lock their tokens to receive rewards in the form of newly issued AXS tokens. Staking also makes token holders eligible to participate in governance.
  • Payment: AXS is accepted as currency on the Axie NFT marketplace, and a variable amount (which varies by considering numerous economic factors) is required to cultivate Axie NFTs.
  • Governance: Those who stake AXS will be eligible to vote on various issues related to game development and the Axie Infinity ecosystem. There is a lot of thought put into the way governance systems are built, which is currently being developed. These holders will also manage access to the AXS unlimited vault, which is funded by numerous in-game revenue streams.

The chart below details the current AXS economic status:

What is a Ronin sidechain?

Axie Infinity was originally launched on Ethereum and then migrated to the Loom network due to network congestion and high gas fees. However, Loom then chose to optimize their product for a different purpose than what the Axie Infinity game required. This led Sky Mavis, the developer of Axie Infinity, to develop their own sidechain for their game – enter the Ronin sidechain.

Ronin is a highly scalable, EVM-based Ethereum sidechain built specifically for blockchain gaming through lower gas fees, less congestion, and higher efficiency than the Ethereum main chain. Trade speed to focus on gamer experience.

Ronin was launched in 2021 with a steadily growing gaming ecosystem. It works using a Proof-of-Authority consensus mechanism, with a validator pool containing a limited set of validators who stake their reputation rather than tokens currency. The list of validators includes some big names, including Binance, Ubisoft, and Google Cloud. This form of consensus creates a centralized system. However, there are plans to move to Proof of Staking in the future to help expand the validator pool. Currently, holders of RON, the native token of the Ronin sidechain, can delegate their RON to validators to receive a portion of the RON rewards issued and distributed for the creation of blocks.

Axie Infinity Coin Overview

The Axie Infinity Coin has been around since November 2020 and here are its important statistics.

Cryptocurrency AXIS UNLIMITED
Stock Code AXS COMPANY
#53
Price $5.62
Price change 24 hours -3.01%
Market value $794,123,067
Circulating supply 141,391,737 Axis
24 hour trading volume $122,995,543
Historical High $165.37
Historical Low $0.1234

What affects the price of Axie Infinity?

In addition to the overall state of the crypto market and news items affecting Bitcoin and other top currencies - both of which have an impact on the price of Bitcoin, and even the price of Bitcoin. Best Altcoins — There are many factors that influence the price of the Axie Infinity token.

The main influence on the price of the AXS token is the demand for it. This is affected by numerous elements of the game's tokenomics and economy, but most obviously, it's affected by the game's popularity. This came about in late 2022, when the game and token prices exploded in popularity.

Another major factor that affects the demand for AXS tokens is the number of tokens staked. The larger the number of tokens staked, the lower the supply of the token. This scarcity helps push the token price higher. According to the AXS Staking Dashboard, 47% of the total circulating supply of AXS is currently staked.

With only 52% of the total AXS token supply currently in circulation, the AXS token issuance schedule and who receives these tokens and when needs to be taken into consideration by potential token buyers. By April 2024, up to 86% of the AXS supply will be in circulation, rising to 97% by April 2025, marking a significant increase in the number of tokens available on the market and the potential for an increase in the number of AXS tokens. Selling pressure on the currency.

Future game development will also affect the price of utility tokens, especially AXS. Sky Mavis intends to increase the token’s in-game utility by introducing more use cases. Axie Infinity already offers immersive gaming and community experiences, and is actively developing different game modes and methods for other developers to build on top of the Axie Infinity ecosystem - at least two companies are already doing so . Development plans can be followed on the Axie Infinity roadmap, and updates on progress can be found on the Axie Infinity blog.

One issue that may deter new users in the short term is the isolation and centralized nature of the Ronin sidechain. One important factor is that there is currently only one wallet that can be used with the Ronin sidechain, the Ronin Wallet, and the chain is not yet supported by MetaMask and some of the more popular web3 wallets and platforms. All of these are barriers to entry and barriers to adoption.

Adoption of the Axie Infinity gaming suite will be the largest long-term driver of the price of the Axie Infinity cryptocurrency. With a large player base, strong community, and solid gaming foundation, Axie is poised to become a popular blockchain game. There is already a mobile version of Axie Infinity: Origins available for iOS and Android.

Is Axie Infinity worth buying?

Blockchain gaming is continuing to grow, albeit not at the rate previously hoped or predicted. In the blockchain gaming space, Axie Infinity is one of the leaders, as blockchain gaming adoption continues growth, this status is particularly important for its potential. As adoption levels increase, demand for the Axie Infinity token will only increase, helping to put upward pressure on its price.

Due to historical evidence, next year’s Bitcoin halving event is expected to be followed by a bull run. This, coupled with the continued growth and adoption of blockchain technology and the idea of ​​decentralization, makes for exciting times for any cryptocurrency. With gaming being considered one of the next industries where blockchain technology will make waves, Axie Infinity is ready.

Aside from the anticipation of all this action across the crypto market and blockchain gaming space, what really makes Axie Infinity stand out is its strong development plans. These plans continue to expand the Axie Infinity world and ecosystem and increase the utility of the Axie Infinity tokens. These plans include improving existing game modes and developing new ones, while bringing more social elements to the game.

The development team is also already hard at work building tools to allow other developers to build within the Axie Infinity gaming ecosystem, all of which will only add more utility to the AXS token and increase demand for the token . All of this will have a positive impact on prices.

Given all these positives, however, the token emission schedule has the number of tokens in circulation doubling over the next three years, potentially giving AXS tokens a chance if gaming adoption doesn’t happen at the expected pace. currency adds downward pressure on prices.

Conclusion

For our Axie Infinity price prediction, we considered all elements of blockchain, blockchain gaming, and the Axie ecosystem. We've looked at the upcoming positives and negatives and determined that Axie Infinity does have a bright future.

The above is the detailed content of Axie Infinity Price Forecast 2024-2030. For more information, please follow other related articles on the PHP Chinese website!

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