Axie Infinity (AXS) Forecast: Will Axie Infinity (AXS) Reach $500?

Last Updated January 31st 2022

7 Min Read

Will Axie Infinity token price reach $500? Is Axie Infinity worth buying in 2022?

Simply put, “yes” for both. It is highly likely that Axie Infinity token prices will rise and eventually break above $500. Even though it is currently stuck at a dip after the January 2022 market crash, analysts and investors are confident that AXS is getting back to positive territory. This, they hope, will be followed by a swift rebound and climb towards $500.

Were it not for the market crash that started with a surprise market sell-off in December, the majority of forecasters had expected Axie Infinity to reach $500 by the end of 2021 or in early 2022. Today, they still believe the altcoin will eventually get here, but most tie the achievement of this target with when and speed with which both AXS and the larger crypto market recovers.

Other experts have also observed when Axie Infinity reaches $500 will also be determined by the rate with which the market adopts play-to-earn cryptocurrencies. It will also rely massively on the speed with which Axie Infinity developers roll out new community programs and upgrade existing ones.

In this AXS investment guide, we will be referencing different crypto experts/investors and telling you when they think AXS will reach $500. We will also tell you if AXS can reach $1000 in 2022 and if the token is even worth buying.

Read on.

When Will Axie Infinity (AXS) Reach $500?

While no one can accurately tell when Axie Infinity will reach and rise above $500, the majority of analysts and investors are convinced that it will get here in the next 5 years. A few, however, caution about an extended bear run that forces AXS and the rest of the cryptocurrencies to continue trading at relatively low prices for the next 5 years, during which time they may not get close to $500.

Here are some of the crypto analysts and their predictions on when they expect AXS to reach $500:

At Coinquora, crypto analysts are confident that Axie Infinity will bounce back and rise above the current ATH in the next few months. But they believe that its next phase of value gain will be slow-paced and that it can only get to $500 in 2024.

Technical analysts at CryptocurrencyPricePrediction are equally confident about AXS token’s rebound and recovery. They, too, expect AXS to rise above its current all-time high before the end of 2022 and resume a slow uptrend that sees them reach $500 in early February 2025.

The analysis of Axie Infinity token’s future price action by experts at RippleCoinNews further reinforced the growing feeling within the crypto community that AXS will have a rather slow recovery. They, however, expect it to reach $340 before the end of the year and break above $500 at some point in 2023 or 2024.

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What Will Happen When Axie Infinity (AXS) Reaches $500?

When Axie Infinity token price eventually rises and break above $500, a lot will happen within the network and the altcoin’s place in the cryptoverse. Here are the three that we believe will be the most visible:

Blown market cap: The most obvious and most visible effect of Axie Infinity token price reaching $500 will have to be a blown market cap. Seeing that it has a maximum supply of AXS tokens, a per-token valuation of $500 will give it a market cap of $135 Billion. Enough to help it become a top 10 cryptocurrency and the most valuable play to earn crypto.

Cement position as dominant play-to-earn crypto: Alexis Ohanian, Reddit co-founder, has already mentioned that he expects the majority of gamers to have migrated to the play-to-earn blockchain-based gaming platform. Common sense then dictates that most will want to associate with high-value platforms that offer a maximum reward for their time. A token price of $500 would, in such a case, see millions of gamers want to join the Axie Infinity, helping make it the dominant play to-earn-crypto.

Ronin mainnet launch: Axie Infinity ecosystem is currently hosted on the Ronin sidechain of the Ethereum blockchain. At its peak in November, Ronin processed more transactions than Ethereum and currently posts more user activity than such independent blockchain platforms as Avalanche and Solana. This, plus the grand projects the Axie Infinity developers have laid out in its roadmap, has fueled speculation that Ronin may soon break free of the increasingly slow and costly ETH network and launch its own mainnet.

But before we ponder when Axie Infinity will reach $500 and the ramifications that this will have, we need to ask ourselves what it will be worth by the end of 2022. Can AXS reach $1000 before the end of the year?

Don't Miss: Axie Infinity Price Predictions

Will Axie Infinity (AXS) Reach $1,000 In 2022?

It is possible that Axie Infinity could end the year trading above $1,000. Actually, when it was rallying in November 2021, the majority of analysts and investors had expected AXS to reach $1,000 by the end of 2022.

However, given the bearish sentiments currently dominating the markets and the impact it has had on Axie Infinity’s momentum, it will be almost impossible for AXS to reach this price level. At the moment, analysts and investors do not believe that there is enough demand for AXS tokens or the market is conducive enough to help the altcoin grow its current market price by the 2000% required to reach $1,000 in the next 11 months.

At best, these analysts can only see AXS rising above its November peak price.

Experts at RippelCoinNews, for example, expect the Axie Infinity token to bounce back and rise to its all-time high within the first half of the year. In the last half, it will double this peak price and end the year 2022, trading around $340.

Technical analysts at Gov Capital share these sentiments. They, too, are confident that Axie Infinity will break above its current all-time high by April and grow its current market price by around 800% by the end of the year to reach $400.

Is Axie Infinity (AXS) A Good Investment?

Yes, Axie Infinity has all the hallmarks of a reliable, good long-term investment. It has not only performed exemplarily well in the past - growing its value by 1650% in its first 12 months of active trading - but has also proven its resilience. Even more importantly, a deep fundamental and technical analysis of its future indicates that AXS token price will keep rising.

Over the next few years, Axie Infinity is expected to roll out new projects to its Axie Infinity ecosystem and carry out upgrades on existing ones. It is also expected to draw in more users and expand its NFT marketplace. Additionally, the market is expected to rebound, resume its 2021 uptrend, and probably break into a price run. And all these are expected to help grow the value of the AXS token, which makes it a good and reliable long-term investment.

Analysts and investors also agree that Axie Infinity is a good buy because they expect its token prices to continue rising in the foreseeable future.

For the next 10 years, for example, technical analysts at PricePrediction.Net are confident that AXS token prices will continue rising. They explain that Axie Infinity will start growing its value at a moderate rate, reaching $500 in 2027 and rising further to break above $2600 in 2031.

The most optimistic view of Axie Infinity’s price prediction is, however, provided by technical analysts at CryptocurrencyPricePrediction. Here, they expect AXS to grow its current market price by 6540% to reach $3,270 by December 2030.

Conclusion: Will Axie Infinity (AXS) Reach $500?

Well, while no one can tell with utmost accuracy the price direction that Axie Infinity will assume over the next few years, the majority of analysts and investors are convinced that AXS will eventually reach $500. Most expect the journey to this price level to be unrushed and to take place within the next 5 years, but a few are convinced that it can get here before 2025.

The crypto community’s optimism towards Axie Infinity has, however, been fading slowly over the past few months. From the conviction that AXS would reach $1,000 before the end of 2022 a few months ago, no one feels like the altcoin can reach $500 by the end of the year. Nevertheless, virtually everyone is still that AXS is a good investment.