Axie Infinity is widely known as one of the most popular blockchain-based games featuring NFTs. The project has already achieved tremendous success and become one of the top 25 largest digital currencies by market capitalization.
However, since crypto projects utilizing NFTs, gaming, and metaverse are expected to keep growing at a rapid pace and might become the most important crypto trend of 2022, many analysts and experts believe that Axie Infinity is a good investment to make.
But what is Axie Infinity really, and will it continue to be the best investment out of all blockchain-based gaming projects?
What Is Axie Infinity?
Axie Infinity (AXS) is currently the largest, most popular, and most valuable blockchain gaming project in the crypto ecosystem, with an impressive market cap of over $7.7 Billion. Axie Infinity allows its users to play and explore a vibrant and colorful virtual world, and earn rare and highly valuable NFTs while doing so.
The development of Axie Infinity was initiated in 2018 by a Vietnam-based company Sky Mavis. However, it wasn’t until early 2020 that the AXS token was actually released to the general public. Currently, many blockchain experts believe that AXS is a good investment on its own, and a lot of people invest in it without ever playing the Axie Infinity game.
Why Is AXS a Good Investment?
The main use case of the AXS token is serving as the in-game currency of the Axie Infinity virtual world. The players can use it to purchase in-game items which can be used to breed digital pets called Axies. Each Axie is a completely unique NFT with over 500 different features and can be re-sold to other players for a high price, which makes AXS a good investment.
On the technical level, AXS is an ERC-20 (Ethereum-based) token with a total supply of 270,000,000 AXS. The relatively small supply means that AXS is a good investment, as its price is expected to grow at a high rate as the demand increases.
The fact that Axie Infinity is a good investment is proven by the fact that the AXS token currently has an ROI (Return of Investment) of 126350.44%, which makes it one of the most profitable projects in the blockchain ecosystem.
Axie Infinity Price Predictions
Both blockchain experts and members of the crypto community are convinced that AXS is a good investment. Facebook’s recent announcement regarding the social media giant’s metaverse plans has made Axie Infinity price predictions even more bullish since Axie Infinity is considered to be one of the pioneers of the metaverse, as well as of combining metaverse with NFTs and blockchain.
Crypto investors who think that Axie Infinity is a good investment often consider $300 to be the next goal for the AXS price. For example, the popular cryptocurrency investor Crypto Susanna believes that the Axie Infinity token will reach $300 or more within the next few months.
Let's zoom 3 months into the future.
You can quote me on this if I miss, but yeah, I never miss.
— 🦂🌖 𝐂𝐑𝐘𝐏𝐓𝐎 𝐒𝐔𝐒𝐀𝐍𝐍𝐀 🌖🦂 (@soilbrah) November 13, 2021
Many renowned crypto price prediction websites share a very similar outlook for the future of the AXS. For example, according to Coinquora, a bullish short-term AXS price prediction is $311. However, Coinquora also notes that in the worst-case scenario the Axie Infinity price might even fall down to the support level at around $64.
Many price prediction services have published even more optimistic Axie Infinity predictions. WalletInvestor has analyzed the fundamentals of Axie Infinity and came up with an AXS price prediction for 2022 and beyond which states that Axie Infinity might trade for over $485 in the near future.
A similar prediction was also shared by Gov.capital. According to this price prediction website, Axie Infinity is a good investment and the AXS price might reach $485 or more in the upcoming months. It’s worth noting that Gov.capital has also mentioned a very bullish long-term AXS price prediction, which claims that Axie Infinity price might even surpass $4000 in the next few years!
Crypto experts on Youtube are also very optimistic about Axie Infinity. For example, according to the respected analyst Your Crypto Pal, the AXS price is likely to reach $200 or even $300 by the end of the year.
Some AXS price predictions published on Youtube are even more bullish. For example, the massively popular channel RUN GUYS claims that the Axie Infinity price can surpass $400 in the near future.
Finally, there is a small number of crypto enthusiasts who believe that Axie Infinity can grow even higher. According to the technical analyst Crypto MindSet, the AXS price can go parabolic and reach $500!
Will Axie Infinity Reach $300?
It’s very likely that AXS will reach $300 in the near future. According to many analysts and experts, Axie Infinity has great long-term potential, and $300 is the next logical target for the AXS price.
Is Axie Infinity Profitable?
Many people profit from Axie Infinity simply by playing the game and earning valuable token rewards. However, you don’t need to play Axie Infinity to profit from it. Blockchain investors believe that the AXS token is a good investment, and just like with other cryptocurrencies you can make money with Axie Infinity simply by buying AXS and holding it in your wallet.
Where to Buy Axie Infinity?
Axie Infinity is one of the largest projects in the ecosystem and AXS tokens can be purchased on almost all popular exchanges. This includes centralized exchanges such as Binance, Coinbase, and Huobi Global, as well as decentralized exchanges like Uniswap.
Is Axie Infinity a Good Investment?
NFTs were the most popular crypto trend of 2021, and many blockchain experts believe that gaming and metaverse-related projects will be the fastest-growing crypto trend of 2022. Since Axie Infinity is already a well-established brand that combines all of these concepts, it might experience tremendous growth in the near future.
Because of all these factors, it’s not surprising that so many crypto enthusiasts agree that Axie Infinity is a good investment.
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