What Is Axie Infinity (AXS)?
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.
To learn more about this project, check out our deep dive of Axie Infinity.
Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.
These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique.
Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie’s stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace.
The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.
Who Are the Founders of Axie Infinity?
Axie Infinity was created in 2018 by Sky Mavis — a technology-focused game developer with a team primarily based in Vietnam. It was co-founded by Trung Nguyen and Aleksander Larsen.
Trung Nguyen is the current CEO of the platform. Nguyen graduated with a BS in computer software engineering, and worked as a software engineer at Anduin Transactions prior to founding Axie Infinity.
Former competitive gamer Aleksander Larsen is also credited as a co-founder and COO of the platform. Larsen has been working in blockchain gaming since 2017. He previously worked as the executive security officer for the Norwegian Government Security Organization and still sits as Secretary of the Board of Directors at the Blockchain Game Alliance.
In total, the Axie Infinity team consists of 25 full-time employees — many of whom have experience with game development.
Axie Infinity Past Price Analysis
According to the latest data gathered, the current price of Axie Infinity is $128.72 and AXS is currently ranked # in the entire crypto ecosystem. The circulation supply of Axie Infinity is 60,907,500 with a marketcap of $7,839,833,457.
In the past 24 hours, the crypto has been decreased by -5.01% in its current value. If we compare the current market cap of the AXS with yesterday’s, you can see that the market cap is also down.
Axie Infinity is facing a hard time getting on board with other crypto coins. The AXS is down to almost -0.98% in the last 7 days. The coin is still showing risking framing segments for past few days, the coin might have strong fundamentals but, we don’t think that it would a profitable asset in short term.
Within the last one month, the price of AXS decreased by -0.926%, eliminating a whopping average sum of $1.20 from its current value. This sudden down means that the coin is in dip right now, meaning that it can be a good buy opportunity for quick investment.
The 90 days price change is around 44.16% and the price circulated from a minimum average price of $65.21 to maximum average price of $82.14 in the past 90 days.
In Last 4 months Axie Infinity has shown a growing trend. Thus, we think that similar parts of the market were quite popular at that period. According to the latest data collected, the trading volume of Axie Infinity is increased from 4 months. The trading volume constitutes a vital role in its price.
The coin is up by 63.57% with the maximum average price of the coin was around $20.88 and the minimum average price of was around $17.42 in past 4 months.
Axie Infinity (AXS) Price Prediction/Forecast for 2021, 2022, 2023, 2024, 2025
At PricePrediction.Net we predict future Axie Infinity price predictions/AXS forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Axie Infinity. We do our best to collect maximum historical data for the AXS coin which include multiple parameters like past price, Axie Infinity marketcap, Axie Infinity volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Axie Infinity Price Prediction 2021
According to our deep technical analysis on past price data of AXS, In 2021 the price of Axie Infinity is predicted to reach at a minimum level of $123.57. The AXS price can reach a maximum level of $139.01 with the average trading price of $135.15.
Axie Infinity Price Prediction 2022
The price of Axie Infinity is predicted to reach at a minimum level of $185.31 in 2022. The Axie Infinity price can reach a maximum level of $223.25 with the average price of $190.72 throughout 2022.
AXS Price Forecast for 2023-2024
As per the forecast price and technical analysis, In 2023 the price of Axie Infinity is predicted to reach at a minimum level of $259.59. The AXS price can reach a maximum level of $316.52 with the average trading price of $269.13.
The price of 1 Axie Infinity is expected to reach at a minimum level of $373.80 in 2024. The AXS price can reach a maximum level of $458.15 with the average price of $387.25 throughout 2024.
Axie Infinity Price Prediction 2025
Axie Infinity price is forecast to reach a lowest possible level of $541.74 in 2025. As per our findings, the AXS price could reach a maximum possible level of $634.35 with the average forecast price of $557.23
What Makes Axie Infinity Unique?
Each Axie possesses six out of the hundreds of different potential body parts — each of which has its own battle move. This produces essentially endless variety among Axies, with most Axies having relatively weak statistics, while those with the strongest combination of body parts can have incredible stats.
Unlike some other blockchain-based battling and breeding games, each Axie can only be bred a total of seven times to help control the population of Axies.
Axie Infinity has its own mating hub to help players find a suitable match to breed their Axie with to stand the best chance at producing a rare or powerful offspring. It costs 0.005 ETH in addition to Small Love Potion (SLP) tokens to breed Axies.
AXS token holders will soon be able to stake their tokens to receive regular rewards. But unlike some other stakeable assets, AXS holders will also need to vote and play to claim their rewards.
How Many Axie Infinity (AXS) Coins Are There in Circulation?
Axie Infinity (AXS) tokens have a total supply of 270 million tokens. Out of this, around 53.5 million tokens were in circulation as of mid-November 2020.
In total, 11% of the total supply was allocated to participants in the Binance Launchpad IEO sale (each Axie Infinity token price was $0.10) and 4% was sold in a private sale. In addition to this, 29% is allocated for staking rewards, 20% to the play-to-earn pool, 21% to the team, 7% to advisors and 8% to the ecosystem fund.
Based on the current release schedule, as indicated by Binance Research, 100% of AXS tokens will be circulating by early 2026.
How Is the Axie Infinity Network Secured?
The Axie Infinity (AXS) token is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism.
In early 2021, Axie Infinity plans to migrate its NFT tokens, including Axies, Land and other in-game item tokens from the Loom Network to a custom-built sidechain on Ethereum known as Ronin.
Ronin is an application-specific sidechain built just for Axie Infinity. It is being developed by Sky Mavis — the development firm behind the Axie Infinity game, and is designed to support almost instant transaction confirmations, reduced gas fees and be capable of helping Axie Infinity scale.
Where Can You Buy Axie Infinity (AXS)?
As of October 2021, Axie Infinity (AXS) is available to trade on numerous exchange platforms, including top exchanges like: Binance, Huobi Global, Coinbase, FTX, Bithumb, KuCoin, Gate.io and Kraken.
It is listed with numerous Axie Infinity price pairs, including popular ones like: AXS/USDT, AXS/BTC, AXS/BUSD and AXS/BNB. As the game has risen in popularity, interest in the AXS to PHP, AXS to AUD and AXS to EUR Axie Infinity prices has increased substantially.