Axie Infinity Price Prediction – Will AXS Price Hit $350 in 2021?

This Axie Infinity (AXS) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our AXS  price analysis and prediction.

Axie Infinity (AXS) continues to be one of the active cryptocurrencies in the crypto space. As a matter of fact, crypto is now one of the top 30 cryptos in CoinGecko in terms of market capitalization.

Furthermore, the crypto recorded an over 100% growth rate in the past 30 days, an uptrend position. Today, AXS bounces back from its bearish dip last July 26 and trades at a high price of $124.17. If the uptrend keeps on, AXS might create a new all-time high record in no time.

What is Axie Infinity (AXS) ?

Axie Infinity is a blockchain-related trading and battling game that is partially owned and operated by its players. Moreover, the platform is inspired by famous games like Pokémon and Tamagotchi. However, it allows players to gather, breed, raise, battle, and trade token-related creatures called Axies.

More so, these Axies could take different forms, and there are over 500 different body parts available, that includes aquatic, beast, bird, bug, plant, and reptile parts. Parts from each type class come in four various rarity scales: common, rare, ultra-rare, and legendary. Notably, the Axies could have any combination of body parts, creating them highly variable and often rare and unique.

Each Axie is a non-fungible token (NFT) with various attributes and strengths. Moreover, it can be entered into 3v3 battles, with the winning team gaining more experience (exp) points that are used to level up an Axie’s stats or evolve their body parts. Even more, these Axies could be bred together to produce new and unique offspring, which could be used or sold on the Axie marketplace.

The Axie Infinity ecosystem also contains its own unique governance token, known as Axie Infinity Shards (AXS). However, these are utilized to participate in key governance votes and will give holders a say in the way funds in the Axie Community Treasury are spent.

Now that we are clear about AXS do you think AXS will be beneficial crypto in 2021? Join me and let us see the charts in this AXS price analysis and AXS price prediction.

Axie Infinity (AXS) Current Market Status

As of the time of writing this Axie Infinity price analysis, AXS trades at $124 with a 24-hour trading volume of $586,672,732. The price of AXS has decreased by 3.24% in the last 24 hours.

Furthermore, AXS has a current circulating supply of 60,907,500 AXS. Currently, the top cryptocurrency exchanges for AXS are Binance, Huobi Global, OKEx, and FTX, and Tokocrypto.

Now, let’s proceed to the next part of this AXS technical analysis 2021.

Axie Infinity (AXS) Price Analysis 2021

Currently, Axie Infinity holds the 33rd place on CoinGecko. But will the latest upgrades, developments, and changes in the AXS blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this AXS price prediction article.

The above chart shows the Ascending Channel pattern of AXS. This is a bullish pattern that is formed by joining higher highs and higher lows. Based on the graph above, Axie Infinity was able to defend its position well against the bears in the early days of the month.

In other words, AXS is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with Axie Infinity.

Conversely, if the bulls turn against the crypto, the price of AXS might fall. In short, AXS might break out from its uptrend position and nosedive to a bearish price.

The Relative Strength Index (RSI) is close to 57.16, which means that AXS is in a nearly overbought state. Hence, this may lead to a price reversal at any given time.

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of AXS.

Since the start of 2021, AXS’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, AXS has a competitive market until the end of 2021.

Axie Infinity (AXS) Price Prediction 2021

The chart below shows that Axie Infinity has performed great over the past few days. Moreover, the AXS price is over 100% in the last 30 days. If this trend continues, AXS might run along with the bulls, overtaking its $311.52 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone AXS from its uptrend position. In simpler terms, the price of AXS might plummet to almost $64.08, a bearish signal.

Meanwhile, our long-term AXS price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $155.08 this year. However, that will only happen if it breaks many previous psychological resistances.

Axie Infinity (AXS) Price Prediction 2022

If this bullish trend continues, Axie Infinity will reach $200 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $250. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $200 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Axie Infinity (AXS) Price Prediction 2023

The price of Axie Infinity can move even great heights, however reaching $350. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency Axie Infinity breaks past the psychological resistance level.

Axie Infinity (AXS) Price Prediction 2024

As per the latest upgrades, developments, Axie Infinity price prediction, and new project forecasts of the platform. Moreover, this might boost the price of Axie Infinity in the crypto market, and it will be the best investment as the price can spike and reach around $500.

Axie Infinity (AXS) Price Prediction 2025

In the next four years, Axie Infinity prices could race up to $720. However, reaching this level could not be so difficult for Axie Infinity as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Axie Infinity has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

With the continued strong marketing approach, we can say that Axie Infinity has a bright future ahead of it in 2021. Bullish AXS price prediction 2021 is $311. As said above, it may even reach $350 if investors have decided that AXS is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

With Axie Infinity showing so much promise, AXS can be a great investment compared to other tokens in the crypto space, but only if invested at the right time with the right price measure as per our Axie Infinity price prediction.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Recommended Articles