Axie Infinity Price Prediction as AXS Pumps Up 20% – How High Can it Go?
Axie Infinity price prediction remains bullish, especially above the $10.15 level, extended by a 61.8% Fibonacci retracement.
Axie Infinity made a strong comeback the day before, gaining over 20% before giving up half the gains to trade at $10.58 today.
In 2021, play-to-earn (P2E) games became widely popular because of the proliferation of blockchain-based gaming platforms like Axie Infinity (AXS).
According to the developers, Axie infinite was inspired by games like Pokemon and the Japanese portable digital pet Tamagotchi. It employs non-fungible tokens (NFTs) to represent unique species, special abilities, and individual plots of land.
According to CoinMarketCap, the AXS token on the P2E platform hit an all-time high of $165.37 on November 6, 2021, during the P2E bubble of that year.
AXS hit a 52-week low of $8.21 on October 24 due to widespread pessimism across the market. However, it's making a comeback now and trades near $10.50; however, the fundamental side is likely to keep the uptrend limited.
Axie Infinity (AXS), a popular blockchain-based online video game, has reported a significant drop in player activity over the past few months. This game's popularity has dropped below the level reported for January 2021, with an average of 701,000 unique players for the past 30 days.
The game based on non-fungible tokens (NFTs) saw a 62% decline in monthly unique users, from 1.955 million in September 2022 to 739,000 in September 2021. New data shows that the ongoing bear market in cryptocurrencies has had a significant effect on the game.
According to information compiled by Activeplayer.io, a gaming industry website, as of January 30, 2021–2022, Axie Infinity has approximately 850,000 average monthly players.
This rose 21.3%
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