Axie Infinity (AXS) has experienced some peaks and troughs, but what’s the latest price prediction?
Contents
The Axie Infinity game is not the only one seeing intense action: the price of Axie Infinity Shards (AXS) skyrocketed over the course of 2021 from just over 50 cents in January to $160 in November.
Axie Infinity is a blockchain game that allows players to earn cryptocurrency by battling characters called Axies and trading them on its NFT marketplace. Players are rewarded for winning battles with two tokens, Smooth Love Potion (SLP) and AXS. AXS is the rarer and higher-priced of the two; it has also seen its price shoot up over the past year.
With traditional games, developers will update their projects to increase the number of players and maintain current users. But Axie Infinity’s updates have proved to have more worth, as AXS has frequently seen bullish trends after such upgrades.
From the AXS white paper
The ‘Axie Infinity Shards – $AXS’ white paper states: “Axie Infinity Shards (AXS) are an ERC-20 governance token for the Axie Universe. AXS holders will be able to claim rewards if they stake their tokens, play the game, and participate in key governance votes.
“Players will also be able to earn $AXS when they play various games within the Axie Infinity Universe and through user-generated content initiatives.”
According to the site, the goal of Axie Infinity Shards is “to align the incentives between the players of the game and the developers in novel and exciting ways.”
Before diving into what the future holds for the crypto game token, let’s look at its price history.
AXS’s bullish price history
The first three months of 2021 were fairly uneventful for the AXS price, with the token not going much further than the $2 mark.
AXS saw a spike in April as Axie Infinity migrated from Ethereum to Ronin, an Ethereum-linked sidechain made specifically for Axie Infinity – think of it as a blockchain within a blockchain. Since April, Axies have been bred, bought and sold on Ronin. AXS gameplay rewards are also claimed on the sidechain.
Ronin has allowed Sky Mavis, the company behind Axie Infinity, to steer the direction of the product, and the migration brought with it many bonuses for players. It has drastically reduced gas fees and simplified the process for new users. It has also given players 100 free marketplace actions each day. Subsequently, the AXS price saw a boost after the blockchain migration, reaching $10.85 on 28 April.
The price dipped to around the $4 mark in May and June, but rallied by more than 100% by the end of July. The July update from the Sky Mavis team revealed that it reached 800,000 daily active users and was the number one NFT product by 30-day volume, with sales above $600m.
The update also announced content for an adventure mode in which players battle against the computer AI, as well as an update to Land, a system whereby players can purchase plots of land in the game using the marketplace.
The AXS price saw an initial spike on 15 July, reaching $23.96. The bullish trend then continued throughout the rest of month, skyrocketing to above $40 on 31 July.
The momentum of the AXS price carried on into August. Sky Mavis found that SLP, Axie Infinity’s other crypto token, was on an inflationary trajectory – for every five SLPs produced, only one was burned. As a result, the game studio updated Axie Infinity to make SLP rewards much rarer.
On 10 August, the day the new update went live, the AXS price ballooned from $43.71 to $64.05. The price kept rising for the rest of the month and reached $72.20 on 31 August.
September saw another major update to Axie Infinity. The staking feature went live on 30 September, allowing users to stake their AXS tokens. Through staking AXS, users are given AXS rewards as well as voting rights on the future of the game. The voting rights give users a say on the community treasury, an account that currently holds $2.7bn worth of AXS.
This update pushed the AXS past the $100 mark, as it gave users a reason to be involved for the long term. The price jumped from $74.51 on 30 September to $110.54 on 1 October.
The bullish trend did not halt for the next few months. In early November, Sky Mavis launched Katana, a decentralised exchange for Ronin. At launch, users were able to trade between AXS, SLP, USD Coin (USDC) and Wrapped Ether (WETH). Katana was built to make Axie Infinity and the subsequent tokens easier to use and less expensive. It proved a success – on 5 November, the day after it launched, the price surpassed the $150 mark.
—
On 7 November, the price reached an all-time high of $160.36, but it has since fallen after new research revealed that Axie Infinity may be losing its userbase.
According to PlayerCount, 41% of Axie Infinity players are based in the Philippines. However, research from Naavik found that since September, full-time players have started earning less than the Philippines’ daily average wage. The price fell below $150, and on 16 November the price was hovering around the $133 mark.
On 24 November, the popular metaverse game sold a digital plot for 500 ETH. Axie Infinity has confirmed that this is the highest price yet paid for a digital plot of land in the metaverse. Bank of America also made bullish statements regarding the “massive opportunity” presented by the metaverse and by 3 December 2021, some recovery had been made and the token was valued at around $141.
The price continued to concede to the bears and on 25 January 2022, the Axie Infinity price saw lows of $49.58. Since then, however, the coin has been on a general upward trajectory. The Axie Infinity Update 1.1.3.3, which went live on 25 January, added some balancing changes to the game ahead of the launch of Axie Infinity Season 20 on 9 February. At the time of writing on 10 February, the AXS coin is currently trading at $67.35.
—
In order to maintain significant levels of interest well into 2022, Axie Infinity has laid out some ambitious plans for the future. Sky Mavis is developing Project K, also known as Axie Land or Project Kingdom, and the project is likely to be released at some time in 2022, but no specific dates have been announced as yet.
Axie Infinity price prediction
FX Street’s AXS coin price prediction believes AXS’s “bulls are testing the water around $72” with “$73.62 as a significant level that also looks likely to break. Penetration above there will open the way for more upside, turning the 55-day Simple Moving Average (SMA) into support at around $77.”
However, “rejection could be proven too big, and see a significant fade towards the monthly pivot at $65.13. A further break lower could see a push towards $60.36, which would erase around half of the current gains. The risk is then of a complete collapse towards $51.90.”
WalletInvestor says AXS is an “awesome long-term investment”. Its Axie Infinity price prediction for 2022 says it will pass the $100 mark in May. WalletInvestor suggests this price rise will continue and on 31 December 2022, the coin could reach $165.38. The site’s Axie infinity price prediction for 2025 is for the coin to reach highs of $484.41 towards the end of the year. The momentum is expected to continue, and in five years’ time could be worth $601.23.
There’s an even more positive prediction from Gov.capital, which suggests the price will reach $399.05 in one year’s time and climb above $500 in May 2023. The five-year AXS prediction for 2027 is $3,874.96.
FAQs
According to DigitalCoinPrice, the average price for Axie Infinity in 2025 is $153.37.
PricePrediction suggests the coin could see an average price of $307.29 in 2025.
Please note that these predictions are algorithmic, and cannot represent all of the external factors and influences that cause values to change in their data sets. All price predictions and forecasts provided are for general information only.
It might be. Over the past year, the AXS price has ballooned from $1 to $160. Analysts expect bullish momentum over the course of this year, and Gov.capital’s AXS crypto price prediction is for it to pass $1,000 in March 2024.
Remember, analysts are not always right, so you should always do your own research before investing, and never invest any money that you cannot afford to lose.
AXS can be bought on a variety of exchanges, including Kraken and Katana. It can also be earned as rewards by playing Axie Infinity, and through staking the tokens.
Remember, though, that the price can always fall – so you should never invest more than you can afford to lose.
