Is Axie Infinity dying?

Axie Infinity Plummets 90% In 2022.

Overall, AXS has lost a whopping $8.9 billion of its market capitalization since its all-time peak in November 2021. From $9.77 billion to just a measly $867 million, market forecasters are reasonably alarmed about the survival of this pet-based NFT game.

What happened to Axie Infinity?

The real problem with what happened to Axie Infinity is that the developers lost or changed their initial focus. The Crypto-winter and hacking scandal affected Vietnam-based developers Sky Mavis greatly. As a result, they created a new version of Axie Infinity based on the more traditional microtransaction model.

Why did Axie Infinity go down?

Axie Infinity (AXS) token is down 21.6% in the past week, and 34.3% in the past month marking a difficult period for the token. One of the major contributors to this decline is that millions of vested tokens are about to become unlocked, sparking fears that the tokens will be dumped on the market.

Is Axie Infinity on the decline?

After peaking at over 2.7 million players in January this year, Axie Infinity's popularity has tumbled precipitously and now has fewer than 750,000 active players.

Do people still play Axie Infinity?

There are about 259,396 people actively playing Axie Infinity everyday.

Is Axie Infinity Dead?

Will Axie be a dead game?

No, P2E or Axie Infinity is not dead, quite far from it. As you can see below, the user base on P2E games continues to increase. With time, this new way of managing game economies will evolve, go through iterations to get it right.

Is Axie still worth it 2023?

According to the technical analysis of Axie Infinity prices expected in 2023, the minimum price of AXS will be around $7.55. The maximum price that the AXS can reach is $18.34. Based on our Axie Infinity price prediction 2025, the price of AXS tokens is predicted to rise and reach $29.48 by the end of 2025.

Is Axie Infinity in trouble?

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.

Should i still buy 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 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.

Does Axie have a future?

In the past 24 hours, the crypto has increased by $0.30 in its current value. For the last 7 days, AXS has been in a good upward trend, thus increasing by 6.48%. Axie Infinity has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.

Will AXS reach $100?

Its Axie Infinity price prediction for 2022 expects it to reach $55 in a year. The site's Axie Infinity price prediction for 2025 is for the coin to surge above $100. The momentum is expected to continue, and in five years' time could be worth $207. There is an even more positive AXS coin price prediction from Gov.

What will replace Axie Infinity?

Battle. Collect. Earn.

The best alternatives to Axie Infinity are The Battle of Mars, PAY. GAME, and NFTs. If these 3 options don't work for you, we've listed a few more alternatives below.

Is AXIE good for long term?

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.

Where will Axie be in 5 years?

The average price of Axie Infinity could exceed $12.69 this year. Within the next 5 years, the price of AXS is expected to rise above $57.54.

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.

Can AXS reach $1,000?

Yes, it is highly likely that AXS token price will eventually reach $1000. The majority of analysts are convinced that AXS has all it needs to grow its value to this target, and though they differ on its growth rate, it is clear that they expect it to get here before 2030.

What will be the price of AXS in 2050?

Axie Infinity (AXS) Price Prediction 2050

The maximum price is expected to be trading around $2514.63.

What will AXS price be in 2030?

Axie Infinity price prediction May 2030: Axie Infinity's price for May 2030 according to our analysis should range between $68.53 to $78.85 and the average price of AXS should be around $73.69.

Will Terra Luna Classic reach $1?

However, due to their high circulating supply, cryptocurrencies such as Terra Luna Classic struggle to maintain an uptrend as supply and demand dynamics are heavily impacted. Consequently, it may take some time for LUNC to reach $1 again in the near future.

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.

Is AXS worth investing?

Axie Infinity (AXS) has brought past investors well over 16500% return. AXS is a great asset for traders who can take advantage of these Axie Infinity price forecast fluctuations with a long term for at least 10 years.

Will SLP go up in 2023?

Smooth Love Potion price prediction 2023: Smooth Love Potion's price for 2023 according to our analysis should range between $0.019 to $0.028 and the average price of SLP should be around $0.023.