Why is Axie so cheap?

Axie Infinity has a history of low per-token valuation, which started during its ICO when one AXS token was sold to institutional investors and regular traders for $0.8 and $0.1, respectively. The low price curse then followed it in the open markets when it ended its first day of trading, selling for $0.15.

Is buying Axie worth it?

Yes, you should consider buying Axie Infinity because it has proven to be a good long-term investment. It has not only performed exemplarily well in the past, but analysts and investors are convinced that it will sustain this uptrend in the foreseeable future.

Why did Axie 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.

Is Axie a good long term investment?

Based on the rising popularity of cryptocurrency and Axie Infinity, a long term investment in AXS could see the price rise to $73.52 within the next 5 years.

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.

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Is Axie gonna be gone?

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 it still wise to invest in Axie Infinity?

In game utility

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 Axie Infinity end?

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.

Will AXS reach $1000?

Note that Axie is currently outperforming Sandbox in terms of the number of active players. Axie Infinity's number of monthly active players is reported to be 680,144, in comparison to 200,000 players in the case of Sandbox. So, will Axie Infinity reach $1000? Certainly, yes, but not sooner.

Is Axie really profitable?

Each different strategy to earn crypto in Axie Infinity has a wide range of possible profits. Playing the game for many hours a day could earn you anywhere between $8 to $40 a day, depending on your Axies, how long you play and the extra incentives available at that time.

Why Axie Infinity is dying?

However, it was not a full home run for Axie Infinity as the money value of SLP went down every single week last 2021. From its peak SLP value of 17 PHP, it went down to 0.21 PHP today. Due to this reason, most investors and players quit playing the game since it may not be worth their time and money.

Is Axie in trouble?

The crypto game , Axie Infinity , was all the rage in 2021, but its returns are slowly diminishing. According to analytics firm Naavik, Axie Infinity has an inflation problem on its hands with players cashing out rather than putting their money back into the game.

Is Axie gonna recover?

According to technical analysis, AXS tokens have been trading extremely bearishly. After hitting the ATH, the token corrected massively and reached a single-digit value. However, the future price of Axie Infinity (AXS) is expected to recover slowly and steadily.

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.

Why is Axie so popular?

Axie popularity

Several players earned money through the game and it generated nearly 780 million USD in sales in thirty days. The thing that attracts people to the game is its earning potential.

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.

Does Axie Infinity have a future?

Axie Infinity has amazing potential over the next few years as acceptance for cryptocurrency increases. Our market forecast indicates that by 2030, AXS could reach a new all-time high of $85.51.

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.

Can Axie Infinity make me rich?

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.

Can you get rich with Axie Infinity?

With sudden popularity in June 2021, Axie Infinity became one of the most hit games built on blockchain. Players can earn between $10-50 a day while playing the game. Not surprisingly, the game has become a source of income for many players, especially in the Philippines.

How do Axie owners make money?

Axie Infinity requires that all new players purchase three monsters to get started. Since the cost can run into hundreds of dollars, Sky Mavis will lend players the monsters and collect a 30% interest fee once the player starts earning currency.

How much can you make with Axie per day?

Players can earn about $10-50 worth of digital assets per day by playing the game. Players can also earn by selling SLPs or Axies. SLPs can be earned by completing challenges or winning battles.

How much does the average Axie Infinity earn?

“On average, [Axie Infinity players] are making $400 a month, which … is under the taxation threshold of $5,000 per year here in the Philippines,” he said. While players still need to file to prove that, he estimated that the majority of players in the country would owe the government nothing.

How much is the average income playing Axie?

On average, an Axie Infinity player will earn around 720$ monthly. Slightly above the $8500 mark annually.