AXS, or Axie Infinity Shards, is a governance token of the Axie Infinity platform that allows holders to actively participate in a decision-making process and to distribute Axie Community Treasury.
Axie Infinity that is is based on the Ethereum blockchain allows users to earn crypto by playing. The idea is inspired by Pokémon and Tamagochi, so players can collect, raise, battle, and trade their pets (Axies). Axies are created in a form of unique pets, so it’s not just a token, it is an NFT. Like other NFTs Axies can be bought and sold.
Here is an AXS statistic represented on coinmarketcap.com (as of 02/08/2021):
- AXS price is $40.59
- Market capitalization is $2,472,065,504
- Volume (24h) $1,222,553,447
- Circulating supply 60,907,500.00 AXS
- Total supply 270,000,000 AXS
- Max supply 270,000,000 AXS
- 24 Hour High $42.75
- 24 Hour Low $37.41
Axie Infinity Roadmap
On the official website, Axie Infinity has a step-by-step roadmap.
What is done:
Quarter 1, 2020
- Land and Items migrated to Ronin. Ronin is an Ethereum-linked sidechain, designed specifically for Axie Infinity. It provides fast transactions and confirmation, reduces gas fees, and gives an ability to withdraw tokens to the Ethereum mainnet.
Quarter 2, 2021
- Axies migrated to Ronin.
- Axie: Origin Alpha. Axie-Origin is a single vault token. It is backed by Origin Axie Infinity NFTs. It serves as a floor price tracker for the NFTs.
Quarter 3, 2021
- $AXS staking.
Quarter 4, 2021
- Land Gameplay Community Alpha.
Late 2021 / Early 2022
- The AXS ecosystem start, including governance, play to earn, mainstream release of Axie Infinity on iOS/Android.
First half 2022
- Land gameplay.
Second half 2022
- Lunacia SDK Alpha. The Lunacia SDK will be an instrument for creating games and experiences.
The final goal of all changes on the platform is to create the Axie universe and give users an opportunity to interact with each other within this world. It should bring together games, the marketplace, and social network.
Crypto community about AXS
The Axie community is very supportive.
AXS price prediction 2021
Let’s look at some AXS price forecasts.
Digitalcoinprice.com gives the following prediction (as of 02/08/2021):
Average AXS price for 2021: $58.97
Average year-end AXS price expected: $53.62
Longforecast.com also gives quite optimistic predictions (as of 02/08/2021):
Minimum AXS price for 2021: $12.21
Maximum AXS price for 2021: $82.46
Average AXS price for 2021: $54.107
Year-end AXS price predictions 2021:
Minimum expected: $66.44
Maximum expected: $82.46
Average expected: $74.45
AXS price prediction 2025
According to Digitalcoinprice.com at the beginning of 2025 the AXS price will overcome a $100 mark and will fluctuate a little higher this price.
Longforecast.com supports this prediction. However, their analysts believe that AXS has all the chances to go as high as $189 by the middle of 2025.
Coinpriceforecast.com states that years from 2023 to 2027 will bring an unbelievable increase in price. Following the most courageous prognosis, AXS may hit $230 by the end of 2023.
Historical AXS price analysis
All Time High: $53.28 (Jul 27, 2021)
All Time Low: $0.1234 (Nov 06, 2020)
Since AXS was issued, it has been showing a strong upgoing trend. For example, it started in 2021 at the price of $3.99 and climbed up to the current price of $40.20, which makes it 908% increase in just within one year. Moreover, it showed interesting behavior during the crypto fall in spring 2021. Unlike most other cryptocurrencies, AXS was still increasing.
What is the secret behind such a success? First of all, the idea of playing and making money has always been extremely popular. Apparently, this is the exact thing that users are looking for and what makes it so fortunate.
We hope that his article explained the phenomenon of AXS. Thank you for your attention!
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.