Axie Infinity Price Prediction 2024, 2025, 2030

Axie Infinity is one of the most well-known blockchain games on the market, mainly as a result of the dramatic rise and fall in the token’s price in 2021 and 2022 resulting from the short-lived adoption of its play-to-earn gaming model. The Axie Infinity game and its associated token (AXS) are still going strong and building toward a blockchain gaming future.

In this Axie Infinity price prediction, we’ll look at what could happen to the price of AXS, as well as what impact outside factors, along with protocol and in-game ecosystem factors, could have on the price.

Axie Infinity Price History

The Axie Infinity project was initially funded through a private sale, at $0.08 per coin, and an Initial Exchange Offering (IEO) through the Binance Launchpad, at $0.10 per coin. it then debuted on the Binance exchange at the same price on the day the IEO closed, November 4th 2020. It has always remained above that price.

Its P2E model helped it to gain popularity, and by May 2021, it was seen as a legitimate form of income for people in the Philippines—with many making as much as seven months’ wages in the space of a month.

Driven by this growing demand for the game, and the wider crypto market bull run of late 2021, prices soared from $5.67 on July 1st to ATHs of $165.37 on November 6th.

Due to failings in the game’s tokenomics—being very Ponzi scheme–esq by being dependent on the continued adoption of the game by new players—the value of the game’s two tokens, including AXS, tanked. Although, it is good to note that it did so at the same pace as the wider crypto market. The failings of the P2E model and the fallout was widely covered in the media. In addition to this, the Ronin bridge, Ronin being the sidechain that the Axie Infinity game runs on, was hacked for over $600m in ETH and USDC in 2022.

At the beginning of 2023, the Axie Infinity token was worth just $6.04, a 96% loss from its ATH in November 2021. Despite a confusing, pre-token-unlocking price pump on January 22nd, which saw the token reach a high of $13.94 (the highest price it has seen this year), the Axie Infinity token has spent the majority of the year trading between $4 and $10.

Despite all these fluctuations in price, the price of the Axie Infinity token AXS has not dipped below $4 since the June 29th, 2021.

Axie Infinity Price Prediction 2024

One of the big talking points around price forecasts for 2024 is the Bitcoin Halving expected to take place in April. These Halving events are typically followed by a bull market. On top of that, we have what currently seems to be the thawing of the crypto winter, with Bitcoin ETFs seeming to be imminent, but many analysts differ on the influence it’ll have on the price of Bitcoin. All of these, when or if they occur, could have a positive impact on the price of Axie Infinity in 2024.

Regarding the going on in the Axie Infinity world, development of the game is moving at a steady pace, and in late 2023, Axie Infinity: Homelands entered pre-beta after spending almost a year in alpha. The release of this, a continued focus on expanding the Axie game ecosystem and making it more attractive to new players, along with a Merch store being slated for release by the beginning of 2024, all bode well for an Axie Infinity price forecast for 2024.

Considering this, our price prediction for Axie Infinity in 2024 is a high of $20 (a price with a recent history of resistance for AXS), a low of $10, and an average price of $15.

Axie Infinity Price Forecast Long Term Outlook – 2025-2030 Predictions

It is usually 12–18 months after the Bitcoin Halving event that Bitcoin and other tokens hit new ATHs. This means that these should be achieved in 2025. Include that with bumps that could come to the Axie Infinity token price from the release of upgrades and new game elements, and Axie Infinity has a bright future for 2025.

However, AXS tokens are still being released, and between now, where 52% of the supply is in circulation, and the end of 2025, another 47% of the supply is slated to be released—almost doubling the number of tokens on the market. If the utility for these tokens and the level of adoption of the game do not increase significantly during that time, this could put downward pressure on the token price—even in a strong bull market.

Our Axie Infinity Price prediction for 2025 gets a boost from the Bitcoin Halving, but we don’t get near ATH territory, with a high of $37.50, a low of $20, and an average price of $30.

Looking past 2025, an Axie Infinity coin forecast for 2030 is, as for other coins, quite difficult.

Current development plans and roadmaps for Axie Infinity don’t stretch past 2026. However, there are outlines for much grander plans than what is scheduled in these roadmaps, and we expect the development of the game and ecosystem to continue well into the future, creating a universe that the Axie Infinity token is an essential element of.

As the blockchain ecosystem evolves, we can expect to see more gamer becoming more interested in blockchain gaming. When they do, they’ll start by trying some of the bigger games—and Axie Infinity is well-positioned as one of those top games. By this time, with all the AXS tokens in circulation, the game should have evolved to include a significant amount of utility for the AXS token, and community governance—which will require token locking—should also be in full swing.

However, if Axie Infinity suffers another large hack, development drops off, or the game fails to gain adoption for one reason or another, then we could see AXS posting negative price movements too regularly.

But, with all that in mind, our Axie Infinity Price prediction for 2030 is a positive one, with highs of $80, lows of $60, and averages of $65.

Potential Highs & Lows of Axie Infinity Coin Price

Below, we have collected our Axie infinity price predictions for each year.

What do Other Analysts Predict for Axie Infinity Coin?

Many analysts have weighed in on the future price of Axie Infinity, and here are some of those predictions.

What is Axie Infinity Coin and What is it Used For?

The Axie Infinity coin is called Axie Infinity Shards, ticker: AXS, and it is one of the two tokens used in the blockchain game Axie Infinity and is the utility and governance token of the game’s ecosystem.

What is Axie Infinity?

Axie Infinity is a blockchain-based game built on the Ronin sidechain for Ethereum. It was created and is being developed by the Sky Mavis development company. It is a player-vs-player (PvP), turn-based game where players collect and build teams of Axies—novel creatures, each represented by an NFT—and then use these to battle other plays across multiple gaming formats.

Axies are a wide array of creatures whose defining features, for the purpose of the game, are the body parts they have. During the game, a players’ Axies draw cards, and their ability to use them depends on the body parts they have.

According to DappRadar, Axie Infinity ranks 15th overall amongst blockchain games when sorted by number of unique active wallets. But ranks first when blockchain games are ranked by the volume of token value transferred in and out of the game.

Multiple Game Modes

The game initially started with a Classic version, where Axies were battled in an arena, and has evolved to include Axies Infinity: Origins, which features an adventure mode, ungraded art, new cards and power-ups, and in-game changes. There is also a metaverse-style game under development called Axies Infinity: Homelands, which entered pre-beta in late 2023.

Other mini-games have been developed, at least two other developers have built games in the Axie Infinity ecosystem, and further development of the ecosystem is planned. There have also been numerous tournaments with AXS featuring as prizes.

Breeding Axies

One of the main elements of Axies Infinity is the breeding of Axies to create new Axies. Each Axies is represented by an NFT, and each one has a unique genetic code. Breeding Axies can produce an almost infinite variety of creatures, each with unique genetic traits. These can then be used in gameplay or sold on an NFT marketplace.

To Breed Axies, a player needs to pay a certain amount of Smooth Love Potion (SLP) and a varying amount of AXS.

What is the AXS Token Used For?

AXS is the utility and governance token of the Axie Infinity ecosystem. It has multiple use cases that can be divided into three categories:

• Staking: Owners of AXS can lock up their tokens to receive rewards in the form of newly released AXS tokens. Staking also makes token holders eligible to participate in governance.
• Payments: AXS is accepted as a currency in the Axie NFT marketplace, and a variable amount (varying by taking into account numerous economic factors) is required to breed Axie NFTs.
• Governance: Those who stake AXS will be eligible to vote on various issues concerning the game’s development and the Axie Infinity ecosystem. There is a lot of thought going into how the governance system is constructed, and it is currently under development. These holders will also govern the use of the AXS infinity treasury, which is funded by numerous revenue streams from within the game.

The current AXS economy is detailed in the image below:

Axie Infinity Coin Overview

The Axie Infinity token has been around since November 2020, here are its important stats.

What Influences the Price of Axie Infinity?

Besides the overall conditions surrounding the crypto market and news items that are impacting Bitcoin and the other top currencies—both of which have an effect on the price of even the best altcoins—there are numerous factors that influence the Axie Infinity token price.

The main influence on the price of the AXS token is the demand for it. This is affected by numerous elements of the game’s tokenomics and economy, but most obviously, it is affected by the popularity of the game. This was seen in late 2022 when the game and token price boomed in popularity.

The other major factor that impacts the demand for the AXS token is the quantity of tokens that are staked. The larger the quantity of staked tokens, the lower the supply of tokens. This scarcity can help to push the token price higher. According to the AXS staking dashboard, 47% of the total circulating supply of AXS is currently staked.

With only 52% of the total supply of AXS tokens currently in circulation, the AXS token release schedule and who receives these tokens and when needs to be taken into account by potential token buyers. By April 2024, a maximum of 86% of the AXS supply will be in circulation, with that number rising to 97% in April 2025—marking a significant increase in the number of tokens available on the market and potentially increasing the sell pressure on the AXS token.

Future game development can also impact the price of a utility token, especially with AXS. Sky Mavis intends to increase the token’s in-game utility by introducing more use cases. Axie Infinity already offers an immersive game and community experience and is actively developing different game modes and methods for other developers to build on top of the Axie Infinity ecosystem—with at least two already doing so. Development plans can be followed on the Axie Infinity roadmap, and updates on progress can be found the Axie Infinity Blog.

One issue that could potentially deter new users in the near-term is the isolated and centralized nature of the Ronin sidechain. An important element of this is that there is, currently, only one wallet that can be used with the Ronin sidechain, the Ronin Wallet, and the chain is yet to be supported by the likes of MetaMask and some of the more popular web3 wallets and platforms. All this acts as a barrier to entry and preventing adoption.

Adoption of the suite of Axie Infinity games will be the biggest long-term driver of the Axie Infinity crypto price. With a large base of players, a strong community, and solid game foundation for future development to build on, Axie is well positioned to become a popular blockchain game. There is already a mobile version of Axie Infinity: Origins for both iOS and Android.

Is Axie Infinity a Buy?

Blockchain gaming is continuing to grow, although not at the previously hoped for or predicted pace. In the world of blockchain gaming, Axie Infinity is one of the leaders of the pack, and this position is exceptionally important for its potential as the adoption of blockchain gaming continues to grow. As levels of adoption do increase, demand will only increase for the Axie Infinity token, helping to put upward pressure on its price.

Next year’s Bitcoin Halving event is expected, due to historical evidence, to be followed by a bull market. This, along with the continued growth and adoption of blockchain technology and the idea of decentralization, all make for exciting times for any cryptocurrency. With gaming considered to be one of the next industries that blockchain technology will cause waves in, Axie Infinity is ready to go.

Outside of all this anticipation of action in the whole crypto market and the blockchain gaming segment, what really makes Axie Infinity stand out are its strong development plans. These plans continue expanding the Axie Infinity world and ecosystem and increase the utility of the Axie Infinity token. These plans include improving the game modes that exist now and developing new ones while also bringing more social elements into the games.

The development team is also already working on building the tools to allow other developers to build in the Axie Infinity gaming ecosystem, and all of this will only add more utility to the AXS token and also increase demand for the token. All of which will have a positive impact on the price.

However, in light of all these positives, the token emissions schedule, which has the number of tokens in circulation doubling over the next three years, could add downward price pressure to the AXS token should adoption of the game not happen at the desired rate.

Best Place to Buy Axie Infinity

Being one of the leading Web3 games, both Axie Infinity tokens AXS and SLP are listed on all major exchanges including Binance.

On Binance, you can purchase AXS on the spot market with a 0.1% fee. You can lower this fee if you pay with BNB coins or if your 30-day trading volume is over $1 million.

Alternatively, buy AXS directly with a card or Apple Pay with a $15 minimum. All you need is to open an account on Binance and verify it. This should take a few minutes. Select “Deposit” and “Buy with USD”. Enter your card and the amount, and you’re set.

You can grow your AXS coins on Binance by locking them up on Binance Earn. There are multiple time frames with the highest being 90 days lock with 23.9% APR.

If you want to dollar-cost average, use Binance auto-invest feature. Set up your investment amount and time frame, say daily or weekly, and Binance will buy AXS tokens on your behalf.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Conclusion

For our Axie Infinity price predictions, we took all elements of the blockchain, blockchain gaming, and Axie ecosystems into account. We looked at the positives and negatives that are on the horizon and determined that Axie Infinity does indeed have a bright future.

However, Axie Infinity is already an established coin, and while we noted that this helps to make it a buy and increase its chances of succeeding in the long term, we don’t currently class it as one of our best buys for September 2024. Follow the link below to find out what coins are on our list of best buys for 2024.

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Ben Beddow

Editor

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Ben Beddow

Editor

Ben has been a freelance writer for almost a decade and started writing in the cryptocurrency space in 2019. Since then he has produced both technical and promotional content for layer 2 protocols (Milkomeda), blockchain development companies (dcSpark and Emurgo), and written content for his own ecosystem mapping website.

All Articles by Ben Beddow