Why Axie Infinity Is Going To Explode In 2023

Investing in Axie Infinity, the future of blockchain-based gaming, would help you generate massive returns in the future.

Last Updated January 5th 2023

6 Min Read

Cryptocurrencies have taken over the mainstream consciousness and gained massive traction. Digital assets have expanded their reach to almost all niches in the market, even sports and entertainment. Axie Infinity, an innovative cryptocurrency, has shown that investors can create more wealth by investing in entertainment.

AXS has been one of the few cryptocurrencies to see a dramatic price rise in 2021. Its popularity and rapid growth have made investors wonder if Axie Infinity is going to explode in 2023.

AXS has established a fast, reliable network, and it works with the user experience of the product. The rise of NFTs has dramatically influenced the popularity of this blockchain-based game. Let us see why AXS is being touted as a must-buy cryptocurrency today.

Is AXS All Set For A Massive Rally In 2023?

The price of AXS was on a tremendous rally over the past few months, making it a good investment now.

Axie Infinity is a game played to earn cryptocurrency based on Ethereum blockchain technology. With a tremendous rally, AXS has reported an all-time high of $165.37 on November 6, 2021, and has outpaced high-priced coins, including Bitcoin (BTC) and Ethereum (ETH).

Axie Infinity has several novel features that make it interesting for players. Let us see what makes AXS unique from other cryptocurrencies in the market.

#1: The Growth Of The AXS Token

Axie Infinity saw a whopping surge of 2,100% from the beginning of July to the end of 2021 and now boasts a market cap of $3.1 billion. AXS, the primary utility and governance token of the Axie Infinity network, has seen colossal growth over the past few months. Users can earn AXS by performing various tasks, including playing games or participating in content creation campaigns.

AXS has shown quite a bullish pattern, despite the adverse cryptocurrency market trends earlier in 2021. The token is also traded on multiple exchanges like SushiSwap and Uniswap.

#2: Unique Feature of Axie Infinity

By leveraging the benefits of the gaming, crypto, and blockchain industry, Axie Infinity has become one of the potential cryptocurrencies poised for future growth. It has introduced an innovative concept of blockchain rewarding players for engagement. Along with symbolizing a gaming and entertainment era, the project has also opened employment opportunities for the masses.

Moreover, the team behind Axie is paving the roadmap to becoming a sustainable blockchain gaming platform.

Additionally, the Axie Infinity protocol has also contributed to eliminating the challenges of blockchain data accessibility. Users can leverage the benefits of efficient data transfer to make their gaming and transactions fast and flawless. This way, Axie positions its paradigm role in the digital eco-space.

#3: Gaming Features

One of the significant features of Axie Infinity is its gaming infrastructure. It has drawn inspiration from the Pokemon identity-based universe. Axie allows users to earn tokens by showing their gaming capabilities, collecting, batting, raising, and building a land-based kingdom for their pets. Each Axie is an NFT token and can take different forms. There are over 500 body parts available for users, including aquatic, beast, bird, bug, plant, and reptile parts.

Moreover, all the assets and the Axie genetic data are scalable by third parties, allowing an entire eco-space of developers to find the basis of their own tools and experiences.

#4: Why AXS Is Going To Explode In 2023?: Expert Predictions

Wallet Investor:

“Based on our Axie Infinity forecast, a long-term increase is expected; the price prognosis for 2027 is $690.98. With a 5-year investment, the revenue is expected to be around +1,221.19%. There is a downturn predicted in the long-term, and Axie Infinity may lose sheen showing a bearish signal by the beginning of 2023, so basically, this is the right time to exchange Axie Infinity or buy Axie Infinity.”

CoinSkid:

“Axie Infinity price might grow threefold in five years based on ongoing developments, say by 2025, Axie Infinity price should have a clear rally around $512, showing long-term earning potential.”

Don't Miss: 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.

Factors That Drive Axie Infinity To Skyrocket In 2023

Thanks to its latest developments and features, AXS could explode significantly in 2023.

1. The Introduction Of Staking Features For The AXS Token

DeFi has shown tremendous growth in 2021 and has exposed the ability of crypto holders to put their tokens to work to earn a yield through providing liquidity or staking. In September, Axie Infinity announced its initiative of launching staking capabilities for AXS tokens. This will also improve the overall tokenomics of the digital asset. The members of the community and holders have already staked almost 9.8 million AXS within just two days. By opening staking capabilities, users can now lock in their tokens and earn new ones in return, pushing the value of AXS to new highs.

Moreover, it’s not just crypto users who are staking the coin. According to recent tweets, other gaming platforms in the crypto space like Yield Guild Games have also announced that they are now staking their AXS holdings to increase the value of their respective ecosystems. This staking action has significantly boosted the price of AXS to skyrocket.

2. Axie - The Play-To-Earn Business Model

Yet another reason for the significant growth of Axie Infinity is the strength of its Play-to-Earn (P2E) gaming model. According to analysts, this is going to be the next breakout sector in 2023. While Axie started the P2E rally earlier this year, the momentum translated to an uptick in other P2E protocols, including Illuvium (ILV), Chain Guardians (CGG), and MyNeighborAlice (ALICE).

Play-to-earn is an entirely new and innovative form of gaming. Players receive cryptocurrency tokens within the game, which they can seamlessly trade on any other decentralized exchange for hard cash. In the case of Axie Infinity, players buy, breed, and pet monsters called Axies against one another to win in-game currency. These in-game currencies are known as love potions and can be exchanged for fiat cash.

Therefore, the P2E gaming model has opened a world of opportunities for gamers to earn a passive income while having fun. Since Axie Infinity is a significant part of this new innovation, AXS could likely rise tremendously in the future, positioning itself as one of the top altcoins in the market.

Why AXS Is Going To Explode In 2023

With its innovative gaming ecosystem, Axie Infinity seems to be a good investment option now.

The price of AXS token could be likely heading to a bullish rally in the coming days. According to predictions, it might also make the crypto go beyond its resistance level and hit above its all-time prices. The markets have favoured Axie Infinity as it has kept the investors happy with potential returns over the years.

Yet another reason for the spike in price and activity for AXS token was its community airdrop in November 2021. It rewarded users who engaged with the protocol before October 26, 2020. The team airdropped 800,000 Axie Infinity Shard tokens to its early adopters.

Therefore, the AXS token is set to affirm its strong position as a potential cryptocurrency with its robust marketing approach. As a result, it has become the highest valued NFT project in the crypto space, pushing its price to record highs.

The Bottomline

The Axie Infinity protocol has exposed the fact that the advantages of blockchain can go beyond the borders and limitations of just the finance sector. It is an ideal example of how NFT gaming can benefit all parties. Developers see more interactions and profits while users leverage the benefits of higher ROI potential with less risk. Therefore, with all these innovations in place, Axie Infinity could significantly explode in 2023, making it a good buy now.