Axie Infinity Price Prediction 2022-2030: Will AXS Price Hit $15 Soon?

• Bullish AXS price prediction ranges from $4.6 to $14.8.
• Analysis suggests that AXS price might reach $12.5 soon.
• The AXS bearish market price prediction for 2023 is $3.70.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Axie Infinity (AXS) is one of them.

Vietnamese company Sky Mavis created the online video game Axie Infinity, which is known for its in-game economy that utilizes Ethereum-based cryptocurrency and its use of non-fungible tokens. In Axie Infinity, players breed and raise virtual pets called Axies, which are based on axolotls.

If you are interested in the future of AXS and want to know its predicted value for 2023, 2024, 2025, and 2030, keep reading!

Axie Infinity (AXS) Market Overview

What is Axie Infinity (AXS)? 

Axie Infinity is a blockchain-based trading and battling game filled with cute, formidable creatures known as Axies. Axie features a player-owned economy where players have complete ownership of their digital assets and can buy, sell, and trade them just like physical trading cards and collectibles. 

The Axie Infinity ecosystem also has its unique governance token, known as Axie Infinity Shards (AXS). These allow holders to have a voice in the allocation of the Axie Community Treasury by voting on important governance issues. Soon, AXS token holders will be able to stake their tokens to receive rewards regularly. However, unlike other stakeable assets, AXS holders will also need to vote and play to receive their rewards.

The Axie Infinity (AXS) token is an ERC-20 token that was launched on the Ethereum blockchain. As a result, Ethereum’s proof-of-work (POW) consensus mechanism secures it. Axie Infinity wants to transition its non-fungible tokens, including Axies, Land, and other in-game item tokens, from the Loom Network to Ronin, a specialized Ethereum sidechain.

Ronin is an Axie Infinity-exclusive application-specific sidechain. It is being developed by Sky Mavis, the company responsible for the Axie Infinity game, and is intended to support nearly instant transaction confirmations, decreased gas fees, and the scalability of Axie Infinity.

Axie Infinity’s mission states, “We’re here to create an ecosystem of amazing Axie gaming experiences with community and player-owned economies as foundational pillars. By doing this we will deliver property rights to all users of the internet, starting with gamers.”

Axie Infinity (AXS) Current Market Status

AXS has a circulating supply of 117,297,480 AXS coins, while its maximum supply is 270,000,000 AXS coins, according to CoinMarketCap. At the time of writing, AXS is trading at  $5.39 representing 24 hours increase of 8.94%. The trading volume of AXS in the past 24 hours is $43,687,085 which represents a 64.02% increase.

Some top cryptocurrency exchanges for trading AXS are Binance, OKX, BTCEX, Deepcoin, and Bitrue.

Now that you know AXS and its current market status, we shall discuss the price analysis of  AXS for 2023.

Axie Infinity (AXS) Price Analysis 2023

Currently, Axie Infinity (AXS) ranks 62 on CoinMarketCap. Will AXS’s most recent improvements, additions, and modifications help its price go up? First, let’s focus on the charts in this article’s AXS price forecast.

Axie Infinity (AXS) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility. 

When Bollinger bands are used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical law. 

The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. The green rectangles show how STX retraced after touching the lower band (oversold).

Currently, the Bollinger bands seems to be narrowing down, as the upper band is closing while the lower band is positioned parallel to the horizontal axis. AXS is nearing the SMA, as such, we may see it testing the SMA quite a few times before breaking it. Moreover, the above thesis could be justified by comparing the scenarios, highlighted in the chart above. Additionally, the Bollinger bandwidth indicator gives a similar reading when both these scenarios are concerned. 

Hence, we could conclude that there may be a period of consolidation for AXS before it starts to surge and touch the Bollinger band. Since that surge could be one bar that hits the upper band, traders need to be watchful to make maximum use of it. 

Axie Infinity (AXS) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish; if it’s below the SMA, it is bearish. 

Currently, the RSI is above the Signal, reading a value of 41.24. Since AXS is neither overbought nor oversold, it may be considered that the trend is strong. Moreover, the RSI is heading upwards, as such, AXS may increase in value in the coming days. 

As per the RSI Support and Resistance by DGT, we could see that AXS is currently rising from the crossover oversold (purple line) towards the bear zone (Red Line). However, there may be resistance at $5.90 and at $7.50 before entering the bull zone. If AXS successfully crosses these obstacles, then, it may enter the bull zone which is not that far off. 

However, considering the Stoachastic RSI, AXS may not reach the bear zone, as the StochRSI indicates an overbought signal. Nonetheless, the StochRSI which gauges RSI value is notorious for giving out false signals as it moves fast. Hence, traders may need to do a thorough check.  

Axie Infinity (AXS) Price Analysis – Moving Average

The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements. 

The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average.

Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish. Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish ( triangle section). Since both the moving averages are heading downwards, it is safe to say that AXS is on a downtrend in the long and short term. 

Currently, AXS is just below the 50-day MA after testing it multiple times. Since AXS is rising again after straying below the 50-day MA, we may see it test the 50-day MA once again.

The blue elliptical on the chart above shows how AXS tested the 10-day MA (Green Line) and fell. However, after falling, the token bounced back, tested, and broke the 10-day MA reaching the 20-day MA ( Yellow line). Since we could spot the formation of a similar pattern, there is a high chance that AXS breaks the 10-day MA, touches the 20-day MA, and falls back. To further justify the above thesis, the support at $4.71 is not strong, hence, AXS will not stay there for long.  

Axie Infinity (AXS) Price Analysis – Elder Force Index

Elder Force Index is an indicator that was invented by Alexander Elder, who was an entrepreneur. The indicator mainly uses two parameters to adjudicate the buying and selling force and thereby predicts the market trend. In particular, it relies on price change and volume. As such the strength of the buying force or selling force is dependent on either the price change or the volume. 

Whenever the EFI is greater than zero, or positive, we could say that the trend is bullish, as there is more buying pressure. However, when the EFI is in the negative zone, we could say that the cryptocurrency is in the negative zone and the selling pressure is more.

Moreover, the Elder Force could also be used to figure out trend reversals and breakouts. For instance when the EFI is making lower highs while the cryptocurrency is making higher highs, then we could say that this is a bearish divergence. However, in the event that the cryptocurrency is making lower lows while the EFI is making higher lows, then it is a bullish divergence represented in the chart. 

Currently, the EFI reads a value of  -133.77K and the line is heading towards the zero line. As such we could expect the line to cross the zero line and move into the positive direction. If the bulls push hard this will be possible. Moreover, when observing the Bear-Bull-Power indicator, we could see that the bull’s power is at 0.11 and it is increasing.

Furthermore, the buying volume has rather seemed to be quite dormant. It could be that the buyers are waiting for the price of AXS to fall further so that they could cash in on it at its lowest price. However, the buyers will step in before it’s too long and we may see the demand for AXS rise, which as a by-product will increase the price of the token.    

Axie Infinity (AXS) Price Prediction 2023-2030 Overview

Axie Infinity (AXS) Price Prediction 2023

When considering the above chart, it could be noted that AXS was trading in falling wedge throughout almost 2023. It has been making lower highs and lower lows. However, as AXS has not completed forming the falling wedge we may see it further rebound off of the upper trend line and the lower trend line as it completes the falling wedge. 

Once AXS breakout of the wedge, it may break Resistance 1 at $9.35 and reach Resistance 2 at $12.5. The above thesis is valid or may occur based on the assumption that  AXS reciprocates its behavior early in 2023. Moreover, when considering the macro market structure for this year, this seems to be the first lower low that AXS has made for the year. Hence, based on the assumption that it has reached the bottom, the above prediction has been made. 

There is another possibility of AXS reaching Support 1 and rising to Resistance 1. Moreover, when the wedge is fully formed it may intersect Support 1 and the break out could happen then. The above thesis could be supplemented by its behavior in late March 2021.

Moreover, there lies one more possibility after AXS ricochets off of Support 1. That is AXS may reach above Resistance 3 at $14.8, if it reciprocates its surge in late June 2021. 

As per the best practice of trading the falling wedge, traders should consider having their entry point at the breakout point of AXS from the wedge. Moreover, they may have their take profit close to Resistance 1, while their stop loss could be set at the lower trend line of the falling wedge. 

Since AXS has not fallen below Support 1, the possibility of it falling below the mentioned support level is quite unlikely. However, traders should not negate the fact the impossible and the most unlikely could happen.       

Axie Infinity (AXS) Price Prediction – Resistance and Support Levels 

The above chart shows AXS behavior from June 2021 to June 2022. AXS rose just between the 1:1 and 2:1 Gann line until it reached its maximum in November 2021. But after reaching the pinnacle AXS started descending between the 8:1 and 3:1 Gann line for some time. However, as AXS lost momentum, it fell below the 3:1 Gann line and fluctuated between the 3:1 and 2:1 Gann lines. 

The above chart shows AXS’s behavior for the year 2023. It could be seen that AXS rose above the 1:2 Gann line when it was surging. However, after reaching the top it descended just below the 2:1 Gann line. Since AXS has been testing the 2:1 Gann line and fluctuating below it, we may see it further fluctuate within this channel and test the 2:1 Gann line.   

Axie Infinity (AXS) Price Prediction 2024

The Bitcoin supply will be cut in half by 2024. Consequently, we should anticipate a favorable market trend due to user sentiment and investors’ desire to acquire more of the coin. Due to the impact of Bitcoin’s price swings on the value of other cryptocurrencies, it is reasonable to anticipate that NFT will be worth at least $45.27 by 2024.

Axie Infinity (AXS) Price Prediction 2025

If most cryptocurrencies can overcome psychological barriers in the aftermath of Bitcoin’s price halving in 2024, we can expect AXS to trade at a premium to its 2024 pricing. As a result, AXS may be worth roughly $78.17 by the end of 2025.

Axie Infinity (AXS) Price Prediction 2026

As more and more institutional investors flock to the NFT platform, the cryptocurrency price will likely fall after a prolonged bull run ends in 2026. It would be a significant reversal of the trend, suggesting that the price of NFT may reach $104.86 by 2026, even though the coin has generally depreciated during the same period. 

Axie Infinity (AXS) Price Prediction 2027

The halving of Bitcoin in 2028 will likely trigger a bull market. As a result, if investors remain hopeful, the price of NFT may continue to rise and may even breach previously established hurdles. Axie Infinity (AXS) may be worth $146.74.

Axie Infinity (AXS) Price Prediction 2028

Bitcoin will be halved in 2028. A bullish run is anticipated before the market settles down in 2027. As a result, NFT’s potential ATH value of $180.64 by 2027’s end is still being determined.

Axie Infinity (AXS) Price Prediction 2029

By 2029, the majority of cryptocurrency values may have been stable for nearly a decade, owing to the application of lessons learned to secure the sustained faith of investors in the project. Because of this effect and the additional price increase that occurs a year after Bitcoin’s price halves, the price of NFT might reach $235.50 by 2029.

Axie Infinity (AXS) Price Prediction 2030

The cryptocurrency market was stable because early investors held on to their assets so they would take advantage of future price gains. By the end of 2030, the price of Axie Infinity (AXS) could be around $260.74, despite the bearish market that followed a boom in the early years.

Axie Infinity (AXS) Price Prediction 2040

According to our long-term Axie Infinity price estimate, Axie Infinity prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $570 by 2040. If the market becomes bullish, the price of Axie Infinity may increase beyond our 2040 forecast.

Axie Infinity (AXS) Price Prediction 2050

According to our Axie Infinity forecast, the average price of Axie Infinity in 2050 might be above $850. If more investors are drawn to Axie Infinity between these years, the price of Axie Infinity in 2050 could be far higher than our projection. 

Conclusion

As said above, it may reach above $500 if investors have decided that AXS is a good investment along with mainstream cryptocurrencies.   

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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