Axie Infinity is a Pokémon-inspired gaming ecosystem that you can play on Android phones, iPhones, and on PC. Axie creators built the platform as a fun and educational way to introduce the world to blockchain and NFT technology.
The platform allows anyone to earn tokens through skilled gameplay and various contributions to the ecosystem. The game requires players to battle, collect, raise, and build a land-based kingdom for their NFT pets.
Axie leverages Blockchain economic design to reward players for their contributions to the ecosystem, known as a "play to earn" model. Particularly, Axie has developed a reputation in developing countries from those looking for new income streams as a result of the Covid pandemic.
Despite still being in its early access, Axie is one of the highest-ranked Ethereum games by daily, weekly, and monthly active users. It has also generated over 13,000 ETH in revenue ($16M+) so far.
What are AXS key features and how does it work?
To play the game, a player has a team of 3 creatures called Axies. Axies possess various skills and are used to battle against either computer-controlled opponents or other real-life players.
The Axies in the game are NFTs. This means an Axie a player creates via the game’s breeding mechanics will be a unique and original digital object, through being minted as an NFT. All art assets and other data can be easily accessed by 3rd parties. This means that community developers are able to build their own tools and create unique experiences in the universe.
The game offers players several ways to earn:
Competing in PVP battles to win leaderboard prizes;
Breeding Axies and selling them on the marketplace;
Collecting and speculating on rare Axies such as Mystics and Origins;
Farming for love potions that can be sold on exchanges such as Uniswap and Binance.
The platform’s native token is the Axie Infinity Shard (AXS). It is an ERC-20 token used for governance, staking, and also has in-game functionalities. For example, players will also be able to earn $AXS when they play various games within the Axie Infinity Universe and through user-generated content initiatives.
Axie Infinity's current price is $ 4.52, it has increased +0.1% over the past 24 hours.
Axie Infinity's All Time High (ATH) of $ 164.34 was reached on 6 Nov 2021, and is currently -97.2% down.
The current circulating supply of Axie Infinity is 149.48 Million tokens, and the maximum supply of Axie Infinity is 270.00 Million.
Axie Infinity’s 24 hour trading volume is $ 12.49 Million.
Axie Infinity's current share of the entire cryptocurrency market is 0.03%, with a market capitalization of $ 676.12 Million.
Axie Infinity's price today is US$4.62, with a 24-hour trading volume of $19.7 M. AXS is +1.56% in the last 24 hours. It is currently -0.99% from its 7-day all-time high of $4.67, and 12.68% from its 7-day all-time low of $4.10. AXS has a circulating supply of 149.59 M AXS and a max supply of 270 M AXS.
The live price of Axie Infinity is $ 4.764312 per (AXS / USD) with a current market cap of $ 712.82M USD. 24-hour trading volume is $ 17.44M USD. AXS to USD price is updated in real-time. Axie Infinity is -0.6% in the last 24 hours with a circulating supply of 149.62M.
Is AXS a Buy, Sell or Hold? Axis Capital Holdings has a consensus rating of Moderate Buy which is based on 5 buy ratings, 1 hold ratings and 1 sell ratings.
Axie Infinity is poised for a rebound in 2024, with our AXS predictions expecting the price to climb as high as $14.79. Even a conservative forecast places the floor at $4.12, with an average closer to $9.40.
The current value of 1 AXS is $4.69 USD. In other words, to buy 5 Axie Infinity, it would cost you $23.42 USD. Inversely, $1.00 USD would allow you to trade for 0.21 AXS while $50.00 USD would convert to 10.67 AXS, not including platform or gas fees. In the last 7 days, the exchange rate has increased by 6.96%.
The all-time high is still a long way off. However, analysts do expect Axie Infinity to start a cautious recovery. Throughout the year, the price is projected to trend upward. In September the price will reach €3.99 and by December, it is expected to reach €9.75 euros.
1 USD equals 0.22 AXS. The current value of 1 United States Dollar is -1.34% against the exchange rate to AXS in the last 24 hours. The current Axie Infinity Shards market cap is $672.88M.
Depending on their origin, class, and mystic parts, some Axies are rarer and more valuable than others. According to the Axie Marketplace, there are a total of 11.8 billion Axies in existence (as of 17 Oct 2023), and these are owned by 1.3 million users. Axie Infinity has its own token: Axie Infinity Shards (AXS).
Axie Infinity Shards (AXS) are ERC-20-compliant governance tokens for the Axie Universe. It can be thought of as the native currency of the game: holders can claim rewards if they stake their tokens, play the game, and participate in key governance votes.
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