What is Axie Infinity (AXS)?
Players can breed, raise, and battle their Axies—creature-like pets that can be put together from parts—in the video game Axie Infinity. The game offers a sizable Item Shop where players can spend their in-game money, AXS, to buy additional components for their Axies as well as accessories and aids for gameplay.
Players can also engage in turn-based combat with their Axies in the Battlegrounds mode. Early in 2018, Synapse Games released the game, and interest in it has grown steadily ever then. The game released a significant update called Genesis in November 2018 that included a new world map, quest system, and other changes.
Since that time, the game has regularly added new features and content. Axie Infinity is a great pet simulation game with lots of depth and replay potential, so make sure to check it out!
October 3, 2023 at 7:30 pm
Updated October 23, 2023 at 11:56 am
Axie Infinity (AXS) Fundamental Analysis
The group behind Axie Infinity is incredibly skilled and has a successful history in the video game industry.The game has been available for more than two years, and it has a sizable user base.
One of the most well-known games on the Ethereum blockchain, Axie Infinity frequently ranks among the top DApps in terms of daily active users (DAU).The game has solid foundations, a well-designed economy, and several opportunities for players to make money.
These Axies may be equipped with more than 500 different body parts, including reptile, aquatic, mammal, avian, insect, and plant parts. Axies are extremely flexible and frequently unusual and distinctive due to their ability to have any combination of bodily parts. There are four distinct rarity scales for parts from each type class: common, rare, super rare, and legendary.
To control the amount of Axies, unlike some other fighting and breeding games based on the blockchain, each Axie can only breed a total of seven times.
Soon, AXS token owners will be able to stake their tokens to get regular rewards. Unlike some other stakeable assets, holders of AXS must vote and participate in games in order to get rewards.
Axie Infinity Shards
Another element (AXS) is Axie Infinity Shards, the ecosystem’s own governance token. These provide holders a voice in important governance decisions and influence how the Axie Community Treasury’s funds are used.
Non-Fungible Token (NFT)
Each Axie is a non-fungible token (NFT) that can be used in 3v3 combat and has special traits and abilities. More experience (exp) points are awarded to the winning team, and these points can be used to evolve an Axie’s body parts or level up its stats.
These Axies can be crossed to produce new, unique offspring that can be used or purchased and sold on the market for Axies.
AXS and SLP
AXS and SLP are ERC-20 tokens that may be traded on the Ethereum network.
Smooth Love Potions, originally known as Small Love Potion, and Axie Infinity Shards (AXS) (SLP) are the two main tokens used in the Axie Infinity ecosystem.
Holders of AXS, the platform’s native governance token, take part in Axie’s decentralized administration and have the power to shape how the platform evolves, for instance by deciding how the ecosystem fund should be allocated or how treasury funds should be spent. SLP, on the other hand, may be used to breed young Axies and is acquired through game play.
Axie Infinity (AXS) Price Predictions
The price of Axie Infinity is anticipated to skyrocket in the near future, according to many analysts. This is due to two factors.
First off, the underlying blockchain technology is quite reliable and is becoming more and more popular.
Second, the Axie Infinity team has continuously followed through on its commitments, earning the project the respect of both investors and users.
While there are no guarantees in life or in cryptocurrency trading, all indications indicate that Axie Infinity will have great success in the future. Axie Infinity has to be on your radar if you’re seeking for a project with a solid basis and lots of potential.
Axie Infinity (AXS) Price Prediction 2023
Some claim that Axie Infinity (AXS) is one of the most incredible cryptocurrencies to increase this year. The AXS price prediction for 2023 predicts a substantial increase in the second part of the year, possibly reaching $7.08.
The climb will be moderate, much like with other cryptocurrencies, but no significant declines are anticipated. Even though it is quite an ambitious goal, considering the projected cooperation and developments, it is doable in the near future. AXS is anticipated to be worth at least $5.67.
Axie Infinity (AXS) Price Prediction 2024
Axie Infinity AXS price prediction has a lot of potential for growth in 2024. We predict that the price of AXS will shortly surpass $11.81 as a result of the probable announcements of various new collaborations and projects. Before making any positive wagers, we should, however, wait to observe if the AXS’s relative strength index moves out of the oversold region.
AXS will trade with a minimum trading price of $9.45 and an average trading price of $10.39 due to the market’s volatility.
Axie Infinity (AXS) Price Prediction 2025
AXS might make money if the increasing trend lasts until 2025 when it reaches $16.53. The objective might not be accomplished if the market declines. In 2025, it’s anticipated that AXS will trade for an average price of $15.11 and a low of $14.17.
What awaits Axie Infinity after that? Despite the fact that only time will tell, if the history is any indication, we should expect big things from this potential business. Be sure to keep an eye on AXS as it grows to rank among the top cryptocurrencies worldwide.
Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions.
(Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)