Is Axie falling?

Axie Infinity – Latest News

The token is still more than 90% below its all-time high. After dropping by more than 20% in the last 14 days, Axie Infinity is currently priced at $8.4 per token.

Why Axie Infinity is falling?

Axie Infinity fell short as other dApps attracted more users. The token might be undervalued, but whales seemed uninterested.

Is Axie Infinity declining?

Active players decline

However, despite these rising metrics, Axie Infinity had been losing players throughout the months, as evidenced by the number of gamers actively playing the game, per activeplayers.io. The statistic revealed that since February 2022, there had been thousands of losses.

Will Axie value go down?

According to Wallet Investor's AXS price prediction, it is a bad long-term investment as the price in the next year may drop to $0.574. Whereas, according to our Axie Infinity forecast, the AXS price might begin an uptrend and cross $29.48 by the end of 2025, making it a good investment.

Why are Axie prices dropping?

On 7 November 2021, the price reached an all-time high of $160.36, but it has since fallen after new research revealed that the Axie Infinity game may be losing its user base. According to PlayerCount, 41% of Axie Infinity players are based in the Philippines.

How NFT Game Axie Infinity Exploited Filipinos In Poverty And Put Them In Debt

Should i buy Axie now?

One coin which has benefited from this is Axie infinity, rising 39,000% since its inception in 2020 and continuing to be a popular altcoin in 2022 due to its connection to the NFT industry. If you want to gain a stake in this high-growth market, then Axie Infinity could prove the perfect investment to do so.

Does Axie still have a future?

In the year 2028, Axie Infinity adoption will continue to rise, with regulators starting to accept that crypto is here to stay. Investors could see AXS reaching a maximum price of $53.80 by 2028 followed by a minimum price of $49.05. The average price for 2028 is expected to be $51.43.

Will Axie ever recover?

Therefore, Axie has a good scope for growth in the future. Thus, Axie Infinity has a huge potential to bounce back. But, as the macroeconomic and liquidity factors are not much in favor of the crypto industry, AXS's price might not get back to the pre-covid levels.

Is Axie still profitable 2023?

Whilst the platform does have AXS up by 16% over the summer, with a trading price of $53.91, that price is expected to drop to just over $40 at the end of the year. However, AXS is expected to grow significantly in 2023 and is predicted to be up by around 80% by December.

Should i still invest in Axie Infinity?

Yes, you should consider investing in Axie Infinity in 2023 because the token has proven to be a reliable long-term investment.

Will Axie Infinity survive?

Currently, Axie Infinity is on its final season for version 2, which shall end on June 24, as duly announced by the team.

Is anyone still playing Axie?

Axie Infinity popularity trend is keep on declining! Its player base are looking fine. We can conclude that Axie Infinity is still a popular game this 2023 base on its concurrent players and with over 127,152 watched hours on Twitch. This game is rocking it!

Is Axie Infinity good for long term?

It will be very difficult to become rich in ten years by playing Axie Infinity. Most players may not even have the patience to play the game for several years. But when it comes to investing, you can make some significant investment in the token and wait for ten years before cashing in.

How much will Axie cost in 2025?

Axie Infinity price prediction May 2025: Axie Infinity's price for May 2025 according to our analysis should range between $20.74 to $23.86 and the average price of AXS should be around $22.30.

Will SLP ever recover?

Overall, SLP and other Play-to-Earn tokens are heavily reliant on Macroeconomic liquidity. The only way they can recover is via better game quality or a significant increase in reward. At the moment, SLP is not a good investment.

Is this the end for axie?

Season 21 of Axie Infinity is now live. But in a surprising announcement on Twitter and Discord, the Sky Mavis team says this will be the final season for Axie Infinity Classic.

Is Axie still stable?

If you look at the charts of the last 1 year, you can see that the prices have fluctuated but they have more or less remained stable. In November 2021, the Axie Infinity prices touched the 165 USD mark. Axie Infinity has consistently been featured among the top ten NFT games.

How much will Axie Infinity cost in 2024?

Axie Infinity price prediction May 2024: Axie Infinity's price for May 2024 according to our analysis should range between $14.06 to $16.18 and the average price of AXS should be around $15.12.

How high will Axie Infinity go?

Axie Infinity price prediction 2023: Axie Infinity's price for 2023 according to our analysis should range between $2.58 to $3.87 and the average price of AXS should be around $3.23.

Can Axie reach $1000?

If you're looking for the $1000 target in short term, there is no signal that the Axie Infinity Coin can reach $1000 at least in this decade. However, in the crypto market, nothing is impossible.

What is happening to Axie now?

By spring 2022, the bottom had fallen out of the crypto market, making playing the game nearly worthless. While Axie Infinity boasted over 2.7 million daily active users last November, only 760,000 are still active, according to one tracker.

When Axie will end?

At that time, we will also consider moving SLP rewards from Classic to Origin.” Season 21 of Axie Infinity is looking like it will be the last before the developers go full bore on the release of Axie Infinity Origin. As noted, Season 21 of Axie Infinity is currently scheduled to last until Friday June 24th 2022.

Is there any hope for Axie Infinity?

As a game, it is unlikely that Axie Infinity will die out anytime soon. But if you wish to invest your time or money into the game in hopes of returns, there is a noticeable decline that you should be wary of.

What is the downside of Axie Infinity?

SLP Volatility

The game is based on cryptocurrency and ALL crypto markets are volatile. It can rise and fall in ways that you wouldn't expect. Plan for this volatility if you plan to stay for a long time in Axie Infinity. Make sure you can pull your assets out at any time.