Axie Infinity price prediction: The battle for AXS momentum?

One of the games that is getting a lot of action is Axie Infinity, which is being played by a lot of people. In 2021, the price of Axie Infinity Shards (AXS) increased by nearly 400%, from just over 50 cents in January to more than $160 in November.

Players earn cryptocurrency by battling characters known as “Axies” and trading them on the Axie Infinity non-fungible token (NFT) marketplace. Axie Infinity is a blockchain game in which players earn cryptocurrency by battling characters known as “Axies” and trading them on the Axie Infinity marketplace. The tokens Smooth Love Potion (SLP) and Axe (AXS) are awarded to players for winning battles. This coin is more expensive and scarcer than its counterpart, the AXS, and its value has increased significantly in the last year.

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Traditionally, developers would keep their projects up-to-date in order to increase the number of players and keep current consumers satisfied with their purchases. However, Axie Infinity’s updates have been shown to be more valuable, since AXS has had a number of positive trends following the implementation of these improvements.

According to the developer, the next big update for Axie Infinity will be called Origins and will be released by the end of the first quarter of 2022. Maybe now AXS will finally break through. Axie Infinity Shards (AXS) are an ERC-20 governance token for the Axie Universe, according to the white paper titled “Axie Infinity Shards – $AXS”. People who buy AXS tokens, play the game, and vote on important governance issues will be able to get prizes.When players participate in various games inside the Axie Infinity Universe and participate in user-generated content projects, they will be able to earn $AXS,” says the company.

In the words of the website, the purpose of Axie Infinity Shards is to “align incentives between game players and creators in unique and interesting ways” in order to “improve the quality of the gaming experience for everyone.” Let’s take a look at the pricing history of the crypto game token before we dive into what the future holds for it. For the AXS price, the first three months of 2021 were quite quiet, with the token not rising much beyond the $2 threshold during this period.
In April, Axie Infinity switched from Ethereum to Ronin, a sidechain linked to Ethereum that was created particularly for Axie Infinity. Think of it as a blockchain inside of another blockchain. Axies have been bred, purchased, and sold on Ronin since April. On the side, you may collect awards earned through AXS games.

As a result, Ronin has delegated control of the product to Sky Mavis, the company that created Axie Infinity, and the move has resulted in a slew of new benefits for gamers as a result. For new customers, the process has been streamlined, and gas expenses have been significantly decreased. It has also provided participants with a daily cap of 100 free market actions. Following the blockchain transfer, the AXS price increased, reaching a high of $10.85 on April 28th.
By the end of May and June, the price of bitcoin fell to roughly $4, but by the end of July, it had risen by more than 100 percent. There were more than 800,000 people who used Sky Mavis every day in July. It was also the most popular NFT product in terms of 30-day volume, with more than $600 million in sales, according to the team’s report.
It also talked about an adventure mode in which players fight against artificial intelligence, and it made changes to Land, which lets players buy land in the game from the market.

There’s something in common between cuddly and fluffy creatures, the metaverse, and cryptocurrencies. These intriguing characteristics of the NFT-based game Axie Infinity (AXS-4.70 percent) are, in fact, the major reason why so many investors are evaluating this token for purchase. Axie Infinity is one of a slew of cryptocurrency-related to the metaverse that have recently gained popularity. Following a robust rally that began in early November, Axie Infinity reached a high of more than 30,000 percent in the first half of the year. This means that token holders who purchased on January 1 and held for around 10 months will have made a 300-bagger on their investment.

Seeing this kind of price performance is enough to pique the interest of many investors in this coin. However, there are a variety of additional reasons why investors might want to take a look at this play-to-earn opportunity. (The term “play to earn” refers to the possibility of receiving monetary rewards merely by engaging in online gaming activities.) Let’s take a look at some of the reasons why investors should be interested in Axie Infinity Shard, the governance token for the NFT game Axie Infinity. One of the primary factors contributing to the recent outperformance experienced by Axie Infinity token holders was an airdrop that took place in late September, as well as a decision to allow staking of the AXS token. Apart from the utility that may be obtained from playing the Axie Infinity game, this news provides fresh incentives for investors to hold onto their Axie Infinity holdings. The majority of tokens that have implemented an airdrop (giving out “free” tokens to investors in exchange for being early adopters) have witnessed an increase in demand as a result of this. This was undoubtedly true in the case of Axie Infinity, as well. On the other hand, the staking implementation for this platform, on the other hand, is something that may prove to be more “sticky” in terms of interest over time.

This new feature, which allows investors to stake their tokens and receive AXS incentives merely for holding these tokens, introduces a completely new investing thesis for individuals who are optimistic about the play-to-earn metaverse area. By the first quarter of next year, it is anticipated that Axie Infinity’s AXS token will serve as the in-game money for this metaverse platform. With that said, investors wishing to get in on the ground floor and obtain exposure to the potential upside of this token while also collecting staking benefits for holding these tokens now have a variety of compelling reasons to do so. It’s one thing to have a top-tier play-to-earn metaverse game. It’s another to have a game that everyone wants to play. Maintaining Axie Infinity’s relevance for users is an entirely different story. It looks like the creators behind the Axie Infinity platform aren’t content with simply resting on their hands at this point. The Axie Infinity team revealed in October that they were working on a 2.0 version of the game. It is anticipated that this new and improved Axie Infinity will feature all of the usual suspects, in addition to game play enhancements and the addition of a free-play entrance to the game. Given the admission costs to form a team and begin playing, this may result in hundreds of dollars in savings for individuals who are interested in participating in the game.

In addition, new territories are being introduced to the game, providing more opportunities for investors to get a piece of this virtual world by investing in it. While it is already possible to acquire land in the Axie Infinity model, this represents a rather minor portion of the overall model. Users are mostly concerned with amassing a collection of axes (digital animals akin to Pokémon) and battling other players. Some investors are optimistic about the future development potential of Axie Infinity as a result of the addition of yet another investment aspect to this platform.

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