Is Axie Infinity (AXS) A Good Buy?

Last Updated January 25th 2022

8 Min Read

Is Axie Infinity a good investment in 2022? Should you or anyone else be buying AXS tokens in 2022?

The answer to both these questions is, Yes. You should consider buying Axie Infinity tokens because it has proven to be a reliable long-term investment. It has not only proved to be a massively resilient crypto-asset, but it also performed exemplarily well in the past - growing its introductory price 1100X in 12 months.

Moving forward, AXS is expected to continue extending its value. Some analysts are quite confident about its future price performance and expect it to appreciate by as much as 900% in the next 12 months and close to 8500% in the next 10 years.

Axie Infinity is also a good buy because its price is driven by two key features that are expected to help it reach unprecedented highs in the next few years. First in the innumerable number of upcoming developments and upgrades to the Axie Infinity ecosystem. Second is the historically uptrending crypto market, whose upcoming price rallies, especially after 2024 and 2028 Bitcoin halving events, are expected to catapult Axie Infinity to unimaginable heights.

So, Should You Buy Axie Infinity (AXS)?

The decision to buy Axie Infinity, or any other cryptocurrency, should be informed by more than crypto analyst opinions. It should be arrived at after a thorough analysis and understanding of the altcoin and the crypto market, your trading experience, risk tolerance, and its alignment with your investment goals.

That said, however, the majority of crypto analysts and investors are convinced that AXS token prices will rebound and continue rising throughout 2022 and beyond, which makes it a good buy. The play-to-earn crypto wave is just gathering pace and will most likely dominate the gaming world in the next few years.

Reddit co-founder Alexis Ohanian has already expressed predicted that play-to-earn crypto will replace conventional online gaming in the next 5 years. He argues that even pro gamers will now want to be compensated for their time, and there is no better place to achieve this than by joining the currently available blockchain-based play-to-earn platforms.

Axie Infinity is also worth buying today because it is massively undervalued and primed for a strong upward correction that could help grow your capital investment over the next few years. In fact, it had already embarked on a wild price run that took it to its current all-time high in November before the surprise December sell-off, and the January 2022 market crash saw it shed close to 70% of this peak value.

The majority of analysts and investors agree with this view and feel like the only thing holding AXS from reaching its potential is the bearish market sentiments. Some have even argued that AXS is just one rally away from reaching $1000 and that it could get here as soon as 2023.

Check Out: Could Axie Infinity Be A Millionaire-Maker Coin?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Why Is Axie Infinity (AXS) So Popular Right Now?

While there are multiple factors that could be credited with Axie Infinity’s surging popularity, the most outstanding has to be its incredible price action in the slightly over a year that it has been around. During this time, it grew and maintained an uptrend, posted a positive ROI exceeding 50000%, and grew its market cap by more than $3 Billion.

It also shot from oblivion to become the 39th most valuable crypto project and one of the most talked-about blockchain-based play-to-earn crypto games. Other factors that may have fueled this popularity include:

Potential for massive value gain: Over the next few years, Axie Infinity token prices are expected to rebound and rally to unprecedented heights. Technical analysts from Gov Capital, for instance, expect it to rally up by more than 8400% and reach $4200 in the next 5 years. A similar analysis by experts at PricePrediction.net also shows that AXS can grow its current market price by 64X to reach $3200 in the next 10 years. This has sparked a lot of FOMO from speculative investors as everyone wants to be part of AXS token’s next price run.
Multiple income streams: Axie Infinity is also incredibly popular with the gaming community because it presents them with multiple income streams. In addition to hodling the AXS tokens and watching their value grow, you can also make money with Axie Infinity through breeding Axies and selling them on the NFT marketplace, playing in both adventure and arena modes, as well as lending Axies teams to other players.
Rising popularity for play to earn crypto: As explained by Alexis Ohanian, play-to-earn games has shown gamers that their time should be rewarded; that it is possible for anyone to earn while enjoying his or her favourite pass time activity. Axie Infinity’s model and its multiple income streams have, in this case, been readily welcomed by millions of gamers across the world who have played a key role in spreading the word about the Ethereum-based platform.

Axie Infinity (AXS) Price History From 2020 To 2022

Axie Infinity launched in November 2020, at the tail end of the crypto winter that struck between 2018 and 2020 and the onset of a crypto rally that materialized in 2021. It, therefore, didn’t come as a surprise when it took off almost immediately, tearing above $1 in February 2021 and growing its introductory price by 1000% to reach $10 in April, at the peak of this price rally.

Less than a month after hitting this peak, the market crashed, and AXS token prices dipped 70% to trade at around $3. In a show of resilience, however, AXS recovered swiftly and went on to set the current all-time high of $165 on November 2021. This rebound and swift rise was largely fueled by a recovering crypto market, the rising popularity of Axie Infinity’s play to earn model, and growing community support - seeing that it hit 1 million daily active users around this time.

Further uptrend was, however, halted by the surprise December sell-off and unanticipated January market crash. At the time of writing, the 39th most valuable crypto asset has lost more than 70% of its November 2021 peak price.

Nonetheless, the market is massively optimistic that the bear run will be short-lived and that both AXS and the larger crypto market will rebound and resume the late 2021 price run.

Will Axie Infinity (AXS) Reach $1000 In 2022?

It is possible for the Axie Infinity token to reach $1000 before the end of 2022. In fact, during the token’s price run in the last half of 2021, the majority of crypto analysts had argued that if AXS sustained this uptrend, it would have broken above $1000 in early 2022.

But the tables have since turned, and a cloud of bearish sentiments currently hangs over the crypto market. This has seen most investors and analysts rework their analysis, and at the moment, no one believes that AXS can grow its value by the 2000% required to get to $1000 in the next 11 months.

At best, they expect it to rebound and possibly rise above the current all-time high.

Crypto experts at Coinquora, for example, had been massively bullish about AXS price action in the immediate future. Today, however, they can only expect a moderate rebound and recovery that takes it to $# by the end of eth year.

Technical analysts at CryptocurrencyPricePrediction had also been bullish about Axie Infinity token’s price action for the next few years. Today, however, they expect it to rebound by April and rally to $250 by December 2022.

At Gov Capital, technical analysts are a tad more optimistic and are convinced that AXS could rebound by April and grow its current market price by 800% to reach $400 before the end of the year.

After understanding why the Axie Infinity token is worth buying despite the ongoing price dip, you now need to shift focus to the best place to buy the Axie Infinity token and how to buy the AXS token.

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How To Buy Axie Infinity (AXS) On eToro

We recommend buying Axie Infinity on eToro because it not only has one of the most user-friendly trading platforms but is also quite beginner-friendly. Additionally, the brokerage provides the option of storing your assets securely in their offline vaults or in their free and non-custodial mobile wallet apps.

Here is the step by step on how to buy Axie Infinity on eToro:

Step 1: Start by creating a trader account and verifying your identity (mandatory).

Step 2: Once the account is approved, deposit funds. The minimum initial deposit is $200 ($50 for US residents).

Step 3: Click on the ‘Discover’ tab on the user dashboard, choose ‘Crypto’ and from then, select the AXS/USD pair.

Step 4: On the trading tab that pops up, customize the trade by setting the amount of AXS you wish to buy, and click on the Open Trade button to complete the purchase.

There you go. You now are a crypto investor with a stake in the fast-growing Axie Infinity.

Conclusion: Should You Buy Axie Infinity (AXS) In 2022?

Yes, you should consider buying Axie Infinity in 2022 because it has proved that it is a reliable long-term investment. You may also want to buy AXS today because they are currently in a dip, and they are expected to rebound any time soon and resume the late 2021 price rally. Furthermore, both fundamentals and technical analysis of the coin as well as market sentiments point to an incredibly bullish future for AXS tokens.

Some of the factors that will help Axie Infinity escape the current dip and resume its 2021 uptrend include a recovering crypto market. Others are the ongoing developments within the Axie Infinity ecosystem, the growing popularity of the play-to-earn cryptocurrencies, and growing community support.