By now, AXS’s price might have made huge noise in the crypto space and hence it established its presence, strongly. Axie Infinity, the crypto-based gaming platform that redefined the gaming industry to the next level, enhancing the value. It is also the current flag-bearer of the emerging Play-to-Earn(P2E) business model. It is a blockchain-based trading & battling game that is partially owned and operated by its players.
The native token, AXS is a popular Non-Fungible token(NFT) that underwent a monstrous rally of more than 5000% in 2021. While the only criteria to enter the battles is to own only 3 AXS which is said to be the most affordable within the gaming space.
Introduction to Axie Infinity-In Brief!
Axie-Infinity is a Pokemon-based gaming platform where-in anyone can earn tokens with their gameplay and contributions to the ecosystem. Here the players can collect, breed, raise, battle and trade Axies which are token-based creatures. The game was developed by Sky Mavis which is a blockchain-based game-development platform, in 2018 based in Vietnam.
Interesting Fact: The AXS platform is witnessing a huge spike with DAU’s(Daily Active Users) which has hit a million as many opt for this platform as their means of regular income.
How Does Axie Infinity Work?
The price of each Axie NFT depends on the rarity of the characteristics, where-in the players can choose & breed Axies to procure new offspring. There are two types of cryptocurrencies, used in the game:
Axie Infinity Shards(AXS)
This is the main token that can be bought and sold which also acts as a governance token. All you need is some AXS to initiate the battle.
Small Love Potion(SLP)
This token is awarded for the users who spend time playing the game. The more you play, the more SLP you can stack up.
How to Start Playing With Axie Infinity?
To begin playing with Axie-Infinity, all you need is an Ethereum compatible wallet and a nominal amount of ETH. Further, you need to buy a minimum amount of 3 AXS, note, the rare species or creatures cost more. Later the players can breed new Axies which costs some of AXS and SLP. One can also earn SLP by battling other players and completing requests.
Will Axie Infinity(AXS) Price Hit $500 in 2022?
AXS price had a gigantic rise in the second half of 2021, where-in it surged beyond $160 from its lows in between $3 to $4. The monstrous rally of more than 5000% in less than 6 months amazed the entire crypto space. No doubt since then the asset is trending within a consistent downtrend forming lower highs and lows. More importantly, the asset is not attempting to slice through the descending consolidation.
The Axie Infinity since the beginning of the year 2022, maintained a notable consolidation that was hampered by yet another pullback. Each attempt of piercing through the uptrend line goes in vain mainly due to the weakened buyers, whose buying volume fails to prevent the price from reaching lower lows. To reignite with a notable uptrend, the AXS price requires to attain the levels above the trend line initially and try to smash through the crucial resistance levels at the earliest.
In such a case, the asset could aim at the $200 target for Q1 2022, else if the bear continues to grow their strength, then it may slash below $50 to reach the rock bottom levels. Yet the Relative Strength Index(RSI) in the long term has bottomed and cemented beneath the average levels. And hence a strong impulse is being expected in the next 24 to 48 hours.
|Year||Potential High||Potential Low|
|Next 5 Years||$478 to $534||$250 to $325|
Factors Impacting Axie Infinity(AXS) Price Today
Axies- Play to Earn Cryptocurrency
AXS is the leader of the P2E business model which has attracted huge masses in recent times. The players who win AXS trade on DEX which increases the volatility.
Huge Growing Adoption
The Axie Infinity has generated huge revenue in the recent past compared to that of any other platform which includes in-game purchases, etc. And importantly, 95% of the revenue goes back to the players which is yet another attractive feature of the platform
Need Just 3 AXS to Start Playing
The gaming platform, despite being more popular, has kept the requirements very low-key. The player requires only 3 AXS to start with which is approx $150 to $200 at the press time.
People Play on Axie Infinity for Regular Income
Playing on Axie Infinity has become a popular sport in recent times, and hence the reports of people taking up this as their source of regular income have surfaced. Moreover, according to some reports, many people are quitting their jobs to play Axie.
Where & How to Buy Axie Infinity(AXS)?
Axie Infinity is a very popular NFT that is widely available for trade on major platforms including India’s most popular CoinDCX. Here you can buy, sell and trade a wide variety of crypto assets at a nominal price. All you need to do is just download the CoinDCX mobile App and register for free using your personal and bank details.
CoinDCX in a very short while from now is going to get upgraded with advanced features with a brand new design called the CoinDCX Pro. If you have not downloaded it yet, then this may be the best time to do so.
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