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How much is Axie Infinity worth?

AXS Price Statistics

Axie Infinity Price $20.61
Price Change24h -$0.9723 4.51%
24h Low / 24h High $19.63 / $21.89
Trading Volume24h $429,090,875.34 22.79%
Volume / Market Cap 0.3419

Besides, Is Axie Infinity a coin? Axie Infinity is a non-fungible token-based online video game developed by Vietnamese studio Sky Mavis, known for its in-game economy which uses Ethereum-based cryptocurrencies. Players of Axie Infinity collect and mint NFTs which represent axolotl-inspired digital pets known as Axies.

What is Axie Infinity coin used for? Axie Infinity Explained

AXS serves as a governance token, allowing token holders to vote on the future development of the gaming experience. SLP is the in-game token used to breed Axies. For regular updates from the Axie Infinity team you can bookmark their blog, which includes updates to the game.

Likewise, What is Axie Infinity token?

Axie Infinity is recognized as the leader in non-fungible token (NFT) gaming. In-game digital assets such as the Axie creatures are represented by NFTs. These cryptographically unique tokens, as discussed, confer ownership and allow the player to trade Axies on the game’s marketplace for real money.

In respect to this, Is Axie Infinity a good investment? In game utility

One quality that makes Axie Infinity a good investment opportunity, is the utility that the token has in powering the game. The game currently has over 2.8 million daily players, with a whopping $3.6 billion of AXS traded in game. As these numbers multiply, AXS coin could rise in value.

Is Axie Infinity coin a good investment?

TradingBeasts’ AXS crypto price prediction expects it to reach $90 in 2024 and be worth $105.06 by the end of 2025. WalletInvestor says AXS is an “awesome long-term investment”. Its axie infinity price prediction for 2022 expects it to reach the $60 mark in July.

Does Axie Infinity will last?

The current game could continue to grow for a while, but its current economic policies are fundamentally unsustainable. The value of new Axies and SLP is propped up by new players putting fresh money into the game. If new player growth diminishes, it could send Axie Infinity into a recession.

Will Axie Infinity be stable?

Axie Infinity will not last due to the necessity of onboarding new players at an exponential rate to keep the play-to-earn model profitable enough.

Is Axie Infinity free?

Axie Infinity: Origin is a free-to-play game in alpha testing.

What is the future of Axie Infinity?

Looking at the roadmap, Axie Infinity will receive a plethora of game-changing updates in the future. Even with the variety of new NFT projects launching, Axie Infinity remains near the top of the NFT charts. Axie Infinity saw a huge surge in its player base in mid-2021, nearing a total of 1 million daily users.

What is scholarship in Axie Infinity?

The Axie Infinity scholarship lets players, or scholars, who wish to play the game but do not possess adequate financial resources. These scholars are often brought in by managers – players with the required SLPs or AXS tokens but not enough time to play the game.

Why is SLP dropping?

SLP is dropping because of an imbalance in the supply vs. demand for the token.

Is Axie Infinity gonna crash?

Axie Infinity price is expecting further losses as a death cross is approaching. The governing technical pattern projects a bearish target at $36.73, resulting in a 26% descent.

Does Axie Infinity have a future?

Looking at the roadmap, Axie Infinity will receive a plethora of game-changing updates in the future. Even with the variety of new NFT projects launching, Axie Infinity remains near the top of the NFT charts. Axie Infinity saw a huge surge in its player base in mid-2021, nearing a total of 1 million daily users.

Will AXIE price go up?

DigitalCoinPrice set its Axie Infinity coin price prediction at $44.23 by the end of 2022, with projections from 2023 to 2026 set at $48.3, $49, $62 and $58 respectively. By 2030, AXS may hit $148. According to Gov. Capital’s prediction, the coin could reach $296.6 in a year and $2,751 in five years’ time.

Is Axie Infinity inflationary?

Of late, the Axie Infinity team created more SLP to reward players than burned through breeding. Unfortunately, that led to a higher SLP inflation, prompting its per-token rate to crash from its summer 2021 highs of $0.40 to $0.008 on Feb. 3.

How does Axie earn money?

Axie Infinity makes money by charging 4.25 percent for transactions taking place on its own marketplace. The fee itself is paid by the seller after a transaction goes through. Players can purchase and sell Axies, land, items, as well as bundles.

Is Axie Infinity on mobile?

Yes, Axie Infinity is available to play and download on mobile devices, including for both Android and iOS phones. Axie Infinity is currently not available to download via the Google Play Store or App Store, but through other methods instead. However, an official Axie Infinity app is in the works.

How can I buy a Axie?

How to buy Axie Infinity

  1. Create a Coinbase account. Download the Coinbase app and start the sign up process. …
  2. Add a payment method. Tap on the payment method box and connect a payment method. …
  3. Start a trade. Press. …
  4. Select Axie Infinity from the list of assets. …
  5. Enter the amount you want to buy. …
  6. Finalize your purchase.

Is Axie origin free?

You can get free starter Axies as you progress through adventure mode. A total of 5 starter axies are available that you can get for free just by finishing certain stages in adventure mode.

Will Axie Infinity go up?

CoinCodex also forecast prices could rise 23% to $39.93 by 10 May 2022. In its AXS coin price prediction, WalletInvestor, through its algorithm and forecast system, had an optimistic outlook for Axie Infinity. Analysts expected the coin’s long-term earning potential to be $98.7 in 12 months.

Can you make money with Axie Infinity?

AXIE infinity is one of the most popular play-to-earn – enabling users to start making money. The Vietnamese NFT based game sees players purchase NFTs of monsters who battle against each other to win in-game currency that can be exchanged for cash.

How can I buy a AXIE?

How to buy Axie Infinity

  1. Create a Coinbase account. Download the Coinbase app and start the sign up process. …
  2. Add a payment method. Tap on the payment method box and connect a payment method. …
  3. Start a trade. Press. …
  4. Select Axie Infinity from the list of assets. …
  5. Enter the amount you want to buy. …
  6. Finalize your purchase.

Can I start Axie Infinity without money?

If you decide to breed, you will need to spend $AXS (Axie Infinity Shards) and $SLP (Smooth Love Potion). Each Axie is considered a non-fungible token or NFT. The better the stats and breed count of the Axie, the more expensive it is.

Can you play Axie Infinity for free?

Axie Infinity: Origin is a free-to-play game in alpha testing.

Is Axie Infinity free?

Axie Infinity: Origin is a free-to-play game in alpha testing.

How much is SLP today?

SLP Price Live Data

The live Smooth Love Potion price today is $0.004351 USD with a 24-hour trading volume of $200,485,654 USD.

Is AXIE falling down?

Axie Infinity price fails to recover from drop

Data from the blockchain analytics platform Nansen reveals that the daily transaction volume of Axie Infinity has dropped to mid-July 2021 levels. Colin Wu, a Chinese journalist, noted that the daily transaction volume of the play-to-earn game has tumbled.

Why Axie Infinity is falling?

Axie Infinity (AXS) price has fallen by nearly 30% two weeks after losing $625 million to a hacking incident involving its play-to-earn gaming platform’s underlying blockchain, the Ronin Network.

Where can I buy a SLP coin?

The top exchanges where you can buy, sell, and trade SLP currently are: Binance, KuCoin, Gate.io, FTX, Gemini, OKEx, Uniswap (V3), SushiSwap and many more. Numerous trading pairs are offered, including SLP/ETH, SLP/USDT and SLP/BUSD.

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