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Axie Infinity Price Prediction 2021 – Will AXS Hit $50 Soon?

Axie Infinity Price Prediction 2021 – Will AXS Hit $20 Soon
  • Bullish AXS price prediction ranges from $28 to $34.
  • The AXS price might also reach $50 soon.
  • AXS bearish market price prediction for 2021 is $22.

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 using the data from crypto trackers CoinCodex and CoinMarketCap.

Among the cryptocurrencies that are rallying this year, AXS is perhaps one of the most surprising for some. It is not directly related to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, AXS has been around since 2018.

Can AXS reach $50 in 2021? We will find out shortly. But before we proceed to our AXS analysis, let us first answer the question “What is AXS?” in this AXS price prediction 2021 article.

Overview

CryptocurrencyAxie Infinity
Ticker SymbolAXS
AXS Price$40.11
All-Time High$29.13
All-Time Low$0.1234
Market Cap$2,474,378,280.71
Trading Volume $4,729,555,613.61
Circulating Supply60,907,500 AXS
Total Supply270,000,000 AXS
Max Supply270,000,000 AXS

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

According to CoinCodex, AXS trades at $28 with a 24-hour trading volume of $2,162,534,250, as of the time of writing this AXS price analysis. The price of AXS has increased by 31% in the last 24 hours.

Furthermore, AXS has a current circulating supply of 60,907,500.00 AXS. Currently, the top cryptocurrency exchanges for AXS are Binance, Huobi Global, FTX, Upbit, and Bitcoin.com Exchange.

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

Axie Infinity (AXS) Price Analysis 2021

Currently, AXS holds 50th place on CoinCodex. But will the latest upgrades, development, 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.

AXS USDT chart showing Channel Trend pattern
AXS/USDT chart showing Channel Trend pattern (Source: TradingView)

In the chart above, which is set in a daily time frame, we can see the Ascending Channel Trend pattern. An ascending channel is the price action that takes place in an upward direction through a sloping parallel line. More so, the chart shows the Higher Highs and Higher Lows from this price pattern. Moreover, this pattern indicates a short-term bullish.

As shown above, at the beginning of this month, AXS turned its bearish position to a bull trend. One reason to consider, the high trade volume that occurred in that period.

AXS Relative Strength Index
AXS Relative Strength Index (Source: TradingView)

The Relative Strength Index (RSI) is above 74.24, which means that AXS is in an overbought state. With this traders need to stay cautious while trading, turning away from further losses.

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

AXS 30-day SMA and 50-day EMA
AXS 30-day SMA and 50-day EMA (Source: TradingView)

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 this 2021. 

Axie Infinity (AXS) Price Prediction 2021

The chart below shows that AXS has performed great over the past few days. Moreover, the AXS price shows a bullish trend. If this trend continues, AXS might run along with the bulls, overtaking its $34 resistance level and move higher.

AXS USDT Price Chart
AXS/USDT Price Chart (Source: TradingView)

Conversely, if the investors turn towards crypto, the bears might take over and push AXS from its uptrend position. In simpler terms, the price of AXS might plummet to almost $22.8, a bearish signal.

Meanwhile, our long-term AXS price prediction for 2021 is bullish. It has a high possibility of reaching new heights. However, that will only happen if it breaks many past psychological resistances.

Axie Infinity (AXS) Price Prediction 2022

If this bullish trend continues, AXS will reach $64 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $70. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $64 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Axie Infinity (AXS) Price Prediction 2023

If AXS holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $85, making it not plummet but play consistently.

Axie Infinity (AXS) Price Prediction 2024

As per the latest upgrades, developments, AXS price prediction, and new project forecasts of the platform, AXS investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of AXS in the crypto market, and it will be the best investment as the price can spike and reach around $98.

Axie Infinity (AXS) Price Prediction 2025

In the next four years, AXS prices could race up to $120. However, reaching this level could not be so difficult for AXS as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that AXS has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

AXS has a bright future ahead of it in 2021. With the ongoing developments happening within the AXS ecosystem, as well as in the overall crypto market, we may see AXS reach new heights.

Bullish AXS price prediction 2021 is $50. As said above, it may even reach its new ATH if investors have decided that AXS is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

How to Buy AXS Tokens?

Like other digital assets in the crypto world, AXS can be traded on many exchanges. Users can obtain AXS tokens by purchasing them from cryptocurrency exchanges such as Binance, Huobi Global, FTX, Upbit, and Bitcoin.com Exchange.

Will AXS Surpass its Current ATH?

AXS is a good investment in 2021, this token could be considered by most of the crypto investors. However, AXS has a high possibility of surpassing its current ATH at about $28.34 this year.

Can AXS reach $50 soon?

AXS is one of the active crypto assets that continues to maintain its uptrend position. If this bullish trend continues, AXS might be able to break from $34 and go all the way to $50. Of course, this is very likely to happen if the bullish market continues to favor this crypto.

Is AXS a good investment in 2021

AXS is considered one of the top-rising cryptocurrencies this year. Also, along with the recorded achievements of AXS in the past few months, we can say that AXS is indeed potentially good crypto to invest in this year.

What will be the Axie Infinity (AXS) price by 2022?

Axie Infinity (AXS) price is expected to reach $70 by 2022.

What will be the Axie Infinity (AXS) price by 2023?

Axie Infinity (AXS) price is expected to reach $85 by 2023.

What will be the Axie Infinity (AXS) price by 2024?

Axie Infinity (AXS) price is expected to reach $98 by 2024.

What will be the Axie Infinity (AXS) price by 2025?

Axie Infinity (AXS) price is expected to reach $120 by 2025.

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.

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Crypto trading has enticed Alyssa Wiselin to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.