|24H Price Change||+4.16%|
|7D Price Change||+44.94%|
|Circulating Supply||100.4 million|
|Trading Volume||$424.16 million|
Additional Read: Decentraland Vs Axie Infinity
The daily active address(DAA) is nothing but the number of address that interacted with the platform in a day. These addresses may either buy buy, sell or just swap their tokens, they will be counted but only once for the day. The DAA is basically a trend indicators that determines whether the market participants are active on the platform.
A drop in the DAA levels indicates a drop in the traders activity over the platform which in turn impacts the volatility of the asset. However, the AXS DAA has been rising significantly over the past few days that indicates an increased activity over the platform. Therefore with a rise in the activity, the price may also be positively impacted.
Read More: Top Crypto Staking Coins In 2023
The developer activity of a project is done in its GitHub repositories which are usually done in public repositories. A high developer activity indicates that the project is serious the idea of its business and they are thriving hard to bring more upgrades to the network and make the platform more reliable. This indicator is used to determine the team’s commitment to create a strong product and also maintin the security, decentralization by posiling & constant upgradation.
Woefully, the development activity of Axie Infinity has dropped from riches to rags and is testing the lower support levels. The activity had rose to the highs during the first few days of December 2022 and later maintained a deep bearish trend further. Currently, the activity has dropped to the lower most levels that indicates the development on the platform is largely negligible.
The supply on exchanges indicates the number of tokens present in the wallets of all the major exchanges. The balance on the exchanges keeps on varying frequently which depends on the market trends and sentiments. The supply drops when the market is under FOMO and rises with an increase of FUD within the crypto space.
When the supply drops, it indicates a rise of bullish momentum as traders are in favour of holding the asset for a long term. A rise in the supply of exchanges indicates that the traders are transferring their assets onto the exchanges with an intention to sell the crypto or swap it with other tokens.
After trading within a steep bearish trend since the beginning of 2022, the AXS price remained flat for the last few months of the year. However, the price quickly rebounded since the beginning of 2023, the trend has flipped to bullish trend as the market sentiments have changed to some extent. Therefore, after gaining more than 100% in the past fortnight, the price is believe to remain bullish for the rest of the year.
The Axie Infinity price could close the Q1 trade beyond $20 after withstanding acute bearish pressure. During the Q2 trade, the price could beyond crucial resistance at $33 and head towards $40. Further, the second half of 2023, the momentum could be slightly bullish and the price may rise above $50 and undergo a minor pullback. After a brief consolidation, the AXS price may rebound suring Q4 and close the yearly trade around $55 to $58.
The bulls could be well in position since the beginning of 2024 and maintain a firm upswing through out the Q1 to reach the levels beyond $75. The bears are expected to remain low-key as the bulls by maintaining a consolidated upswing throughout 2023 could have gained enough strength. Therefore, by the end of H1 2024, the price may hover between $92 to $96.
The AXS price in the first few days of Q3 2024 may rise beyond $100 and consolidate for a while. However, the rally may slightly drop to $97 to $99 and reclaim the lost levels within a couple of days. By the end of the year 2024, the price may trade around $110 to $115 by maintaining a significant bullish momentum.
The bull run that ignited in 2024 may carry out during the Q1 2025 and the trend may quickly fall into a deep bearish trap later, plunging below $100. However, the bulls may try to regain a significant momentum in 2026 and try to begin with a recovery phase. By the end of 2027, the AXS price may regain $120 levels and head towards the ATH.
The year 2028 may witness a notable upswing that may again ignite a significant bull run to hit $150 in the second half of 2028. The bull run may be intensified since the beginning of 2029 that may form a new ATH beyond $220. The bears may reclaim their dominance and hold a tight grip over the rally in 2030 by keeping the price consolidated around $280 to $340.
|Year||Axie Infinity Price Forecast|
|2023||$55 to $58|
|2024||$110 to $115|
|2025||$135 to $160|
Axie Infinity has been among the top five NFTs in the entire crypto space. The fundamentals also are pretty strong at the moment, while the a notable rebound in the development activity may also be expected any time from now. However, before investing in AXS or any other token, a deep research about the project, the team and the future roadmap of the platform is very important. Also, a detailed study on the price movements and the patterns is also necessary to perform a better trade with lowered risk.
The Axie Infinity price may hover between $55 to $58 by the end of 2023 The price of 1 Axie Infinity could be above $300 in 2030 The AXS price is believed to form a new ATH in the near future around $300 to $350 and may also surge beyond $500 in the future Axie Infinity is one of the top blockchain-based gaming platforms that registered some milestones recently. Therefore can be considered as a safe investment but with proper research and close observation.
What will Axie Infinity be worth in 2023?
What will be the price of 1 Axie Infinity in 2030?
Will Axie Infinity ever hit $500?
Is Axie Infinity a safe investment?
The Axie Infinity price may hover between $55 to $58 by the end of 2023
The price of 1 Axie Infinity could be above $300 in 2030
The AXS price is believed to form a new ATH in the near future around $300 to $350 and may also surge beyond $500 in the future
Axie Infinity is one of the top blockchain-based gaming platforms that registered some milestones recently. Therefore can be considered as a safe investment but with proper research and close observation.