Why did Axie Infinity pump?

The reason behind the pump was that a Binance account got compromised, and executed a large AXS buy order.

Why is Axie Infinity increasing?

Axie Infinity Soars in 2023

As per a report by Decrypt, Axie Infinity soared after the AXS token unlock. Nearly 2% of the overall AXS token supply was unlocked, which helped AXS boost its price. As of February 2023, AXS is trading at $10.55.

What's happening with Axie Infinity?

Conclusion. As it stands, Axie Infinity dropped from 2.3 million daily players a year ago to just 187,000 in January 2023. However, for those willing to look at things from a broader perspective, Axie can help pave the way for a better NFT mobile gaming experience in the future.

Why did Axie Infinity fail?

But to make money off of Axie's in-game token, players needed new gamers to join because new gamers had to buy Axie characters, a non-fungible token. When the gamer flow slowed, the token's price collapsed, and so did a player's earnings. It was like going from $15 an hour to $1.50.

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.

Axie Infinity: Pump And Dump Explained

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.

Is Axie will shutdown?

Axie Infinity received its Origin update and Sky Mavis continues to support the game. As a game, it is unlikely that Axie Infinity will die out anytime soon.

Is Axie Infinity ending?

It's official, Season 21 is the final season for Axie Infinity V2 - United Gamers | UG | NFT Games: News Reviews Tournaments. Follow us on Twitter! United Gamers offers the latest NFT Gaming and Play to Earn news, with features, interviews, and tips on how to make money with blockchain gaming.

Is Axie Infinity closing?

As planned, Sky Mavis, the studio behind the ever-popular P2E Web3 game Axie Infinity, has announced that it will be closing the 'Classic' version of the game (a.k.a. Axie Infinity V2) once Season 21 ends on June 24th.

Is it still ok to invest in Axie Infinity?

One quality that makes Axie Infinity a good investment opportunity, is the utility that the token has in powering the game. The game currently has over 2.8 million daily players, with a whopping $3.6 billion of AXS traded in game. As these numbers multiply, AXS coin could rise in value.

Will SLP pump again?

It is for sure that SLP had a bullish increase in 2021 and at the beginning of 2022, so experts expect that it could reach $0.4002 by the end of the year. If we follow the current fast growth, it could easily go up to $0.1027 or even $0.5 although it is hard to achieve by the end of this year.

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.

Will Axie rise again?

Our Axie Infinity (AXS) price prediction suggests that the token's price might record a decent recovery. By the end of 2023, the Axie Infinity's price is forecasted to have a maximum value of $18.34, while the average price may be around $12.94. At the same time, the minimum value may be around $7.55.

Does Axie Infinity still have a future?

Axie Infinity (AXS) Price Prediction 2030

For the year 2030, AXS is expected to continue to rally towards $76.78 based on market sentiment. Failing to gain this support could see Axie Infinity average around $74.16 and bottom out $71.55.

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.

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.

Will Axie be 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.

Why is axie tanking?

So, why's Axie Infinity's SLP crashing? The value of Axie Infinity's SLP fell from $0.40 last summer to around $0.01 last month. As a result, the volume of transactions of the game's assets is falling. So has the floor prices of Axie characters, implying that users are dumping their tokens.

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.

Is there future for SLP?

Smooth Love Potion (SLP) Price Prediction 2026

According to our projections, SLP will be green in 2026. The SLP is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.01141, with a minimum price of $0.010142 and an average price of $0.010649.

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 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.

Is it worth it to invest in Axie?

Yes, you should consider buying Axie Infinity because it has proven to be a good long-term investment.

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.