Riding on the growth wave of the cryptocurrency sector, Axie Infinity has registered an unprecedented rise of 39,000% since its inception in the year 2020. The popular gaming platform is expected to do well in the future as it belongs to the high-growth Non-Fungible Token (NFT) category of the cryptocurrency market.
Which is the native coin of Axie Infinity?
Axie Infinity is a multiplayer game based on the concept of NFT. The native currency of the game is Axie Infinity Shards (AXS) which are Ethereum Tokens used for various in-game transactions. In addition to powering the game’s economy, AXS can also be used for staking and voting processes on the platform.
What is the return potential of AXS?
The return potential of Axie Infinity is highly lucrative. The token powers the economy of the game, which has more than 2.8-million active daily players with in-game trading amounting to a whopping $3.6-billion worth of AXS.
Given the number of players and in-game transactions recording a steady uptick, the value of Axie Infinity is expected to rise in the future. Consequently, this will bode well for the valuation of AXS. Also, holding AXS tokens for the long term allows holders to realize good financial gains and offers them a say in the critical policy decisions regarding the game.
Future Price prediction for AXS
It’s hard to accurately predict the price of AXS owing to the highly turbulent nature of the crypto market. However, most crypto experts are bullish on AXS as the coin has real-world utility and is backed by a solid multiplayer game platform.
Also, the current price of the AXS is more than 150% down from its all-time high of $160.75, thereby presenting a tremendous scope for profit soon. If you’re thinking of investing in AXS now, then the current price of the coin ($50.77) makes for a great entry point.
Where can I buy AXS?
Some of the leading names in the crypto world, such as Binance and Coinbase, are preferred choices for buying/selling AXS. These exchanges have been operational for a long time and come equipped with solid safety mechanisms to offer a secure transaction experience to investors.
In addition, you can also try eToro, as the brokerage platform offers a wide range of access to digital assets, including AXS, within the regulatory framework of the Financial Conduct Authority (FCA).
Should I invest in AXS?
We all know that the cryptocurrency market is highly volatile. Hence, before making any investment, you should consider a range of factors, including the price analysis, future predictions, and experts’ views, among others.
It’s also important to understand that Bitcoin mirrors the overall trend in the crypto markets, which means that even if AXS stands on solid fundamentals, Bitcoin could stunt the growth story of the altcoin.
That said, we believe that AXS is a good investment option and offers an excellent opportunity to make money in the long run.
Check if crypto kitties are worth the investment.