- Bullish Axie Infinity price prediction 2022 is $450.
- Conservative AXS price prediction 2022 is $140.
- Axie Infinity is the top NFT game and GameFi platform.
Important: This Axie Infinity (AXS) price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their AXS price forecast outcome differently. Hence, we strongly suggest doing your own research before buying AXS.
How the crypto market started in 2022 is alti-climactic, to say the least. After a failed supercycle, most cryptocurrencies are failing to defend crucial support, leading to dips after dips. As if things could not get any worse, the entire crypto market capitalization went down to $1.8 trillion in January.
However, it is not entirely the fault of the crypto space. Most markets are down, including stocks. In the last years, however, investors looked to crypto for hedge and profit growth.
Will crypto escape from the impending bearish market and show that it is the superior asset? We can only wait. Among these, Axie Infinity (AXS) is one of the cryptocurrencies that had a momentous run in 2021. From zero, the token reached as high as $164 in less than 12 months. However, is AXS still a good cryptocurrency to invest in 2022? Join us in this Axie Infinity price prediction 2022 article to find out.
For those who may be asking, “What is Axie Infinity (AXS) and is Axie Infinity a good cryptocurrency to invest in 2022?”, worry not. We’ve done the legwork for you.
What Is Axie Infinity (AXS)?
Axie Infinity (AXS) is one of the two native tokens that exist in the top NFT game Axie Infinity. It is a governance token that is also required for breeders to create new Axies — the digital monsters used in the game.
When breeding new Axies, breeders need to have two Axies, a significant amount of Smooth Love Potion (SLP), and a miniscule amount of AXS. The amount of SLP and AXS required to breed changes depending on market circumstances. Players can easily obtain SLP within the game. However, that is not the case with AXS. They can only obtain AXS by winning tournaments and by purchasing from exchanges.
Now that we have an idea about what is AXS, let us now proceed to our Axie Infinity price prediction 2022.
AXS Overview (At the time of writing)
|24-h Trading Volume||$322,483,482|
Axie Infinity (AXS) Price Prediction 2022
AXS is available for trading on multiple exchanges. It is also highly accessible by swapping on Axie Infinity’s official Ronin DEX. Hence, Axie Infinity players and crypto traders can easily buy, sell, or trade AXS with other cryptocurrencies. Will AXS’ wide availability help it recover in price this 2022? Let us head to the charts in this AXS price prediction 2022!
As we can see in our 1-day chart, AXS has made a consistent downward trend ever since it hit its all-time high (ATH) price of around $165 in November. Currently, AXS is barely able to maintain its price at $50. This is a very important support level for AXS holders.
For AXS to escape the bear territory, bulls must generate additional boost at the $50 support level. Otherwise, AXS might fall back to the $25-$30 price range. This is a very dismal price.
If AXS manages to hold the $50 line, the next price range that we need to watch out for is the $70-$80 level. However, this is only the beginning.
The real test is the price range from $109 to $120. If AXS is able to hover above this range, then a real flippening will happen. This means that AXS is ready for a huge rally that could last for at least a couple of months.
This is why a conservative estimate of $140 price per AXS is definitely possible this 2022.
AXS Price Prediction 2022: 3-4 Month Scenario
Another reason to be bullish for AXS is that its price has real utility in Axie Infinity. AXS is used to breed new Axies and it is one of the two liquidity pairs in the Ronin DEX. While we only focus on the technicals, but we are also open to the fact that AXS’ fundamentals has a significant impact on its price.
Based on our macro perspective, AXS has three possible price scenarios that may play out in the next three to four months. The first is that AXS may reach $100 in Q2 2022. Another is that it may reach $140. Meanwhile, if AXS somehow exceeds our expectations, it may even break its current ATH and record a new one at $170.
However, as we can observe with our simple and exponential moving averages (SMA and EMA), the most reasonable price is the one at $140.
We should also consider the fact that some cryptocurrencies such as Solana (SOL) and Avalanche (AVAX) made impressive runs in 2021. With 2022 being dubbed as the year of NFT gaming and metaverse, we can expect AXS to have a very bullish end-of-year price of as high as $450. However, hyperbullish predictions as high as $1,000 may be a long stretch.
Market Prediction for AXS Price 2022
Digitalcoin is a well-known crypto price analysis platform with automated tools. Based on the platform’s metrics, AXS price may reach around $74.17 in 2022.
Wallet Investor is also another reputable crypto price forecast platform that aggregates historical pricing data. According to the platform, AXS price prediction forecast in 2022 may reach up to $228.531.
Market Prediction for Axie Infinity (AXS) Price 2022, 2023, 2024, and 2025
Axie Infinity (AXS) price prediction 2023 is up to $1,240 (estimated)
Axie Infinity (AXS) price prediction 2024 is up to $2,590 (estimated)
Axie Infinity (AXS) price prediction 2025 is up to $4,220 (estimated)
Axie Infinity (AXS) price prediction 2026 is up to $7,890 (estimated)
Axie Infinity is a cryptocurrency that has a reliable investment promise especially because metaverse and NFT gaming tokens are popular in 2022. Bullish AXS price prediction forecast for 2022 is $450. Meanwhile, a more conservative AXS price prediction for 2022 is $140.
Axie Infinity (AXS) is the governance token of its NFT game. As the game rolls out new features and gameplay this year, we can expect a better market performance from AXS. Nevertheless, cryptocurrencies are volatile. So, make sure to do your research before investing in cryptocurrencies such as AXS.
Yes, you can definitely make money on Axie Infinity since it has a couple of GameFi mechanics.
You need to download the game and purchase three Axies so that you can play Axie Infinity. For a more detailed explanation, here is an Axie Infinity guide article.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether express or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers to perform their own in-depth research before investing in cryptocurrency.
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