Will Axie Infinity make you rich? Can you make money with Axie Infinity? If yes, how much?
The answer to both questions is “yes”. The outsized value gains posted by Axie Infinity in the last few months have confirmed that the ERC-20 token is a reliable moneymaker and a massively profitable venture. Further, the fundamentals and technical indicators that AXS will sustain a bullish uptrend, implying that you too can leverage this growth to make a fortune off Axie Infinity over the next few years.
As you read this, AXS has already helped its earliest investors grow their ICO investment capital by more than 65000%. Moving forward, technical analysis by experts at Gov. Capital indicates that AXS could help you grow your investment by as much as 7500% when the per-token valuation of AXS hits $4870.
These claims are also supported by the fact that Axie Infinity has also been ranked outstandingly as one of the fastest-growing play-to-earn blockchains. There also are a lot of Axie Infinity affiliated projects under development whose launch will catapult AXS token prices and your portfolio, by extension, to infinite heights.
But how do you make money with Axie Infinity, and what will AXS be worth in the next 5 to 10 years?
We answer these below and tell you if AXS is worth buying.
Can I Make Money Investing In Axie Infinity (AXS)?
Yes, you will make money if you invest in Axie Infinity. As a matter of fact, the internet is currently awash with documented cases of gamers and investors who made tangible money interacting with Axie Infinity’s many income-generating opportunities.
Let us highlight just two that stood out for us:
First is the inspiring story of John Aaron Ramos, an Axie Infinity game player from the Philippines. In May 2021, which was the height of the early 2021 crypto market rally, the 22-year old player who goes by the pseudonym “Magnus TV” took to social media to reveal that he had made enough SLP (Smooth Love Potion) tokens to enable him “buy two houses and one team.”
The second is the testimony by the Nosebleed Gaming YouTube channel operator - Randy. He says that he was able to recoup the $900 investment used to buy his first AXIE teams after just six weeks of playing the Axie Infinity game.
But how do you make money in Axie infinity?
Like virtually all other Metaverse-based blockchain games, Axie Infinity presents you with multiple ways of making money. They include:
Plying the axie infinity game: When you complete daily tasks and quests, you are rewarded with SLP tokens. You also accumulate SLP tokens by battling monsters in the Adventure Mode or other players in the Arena mode. You can then simply choose to hold these tokens and watch their value grow or convert them to the more valuable AXS tokens.
Investing/trading: You also make money with AXS if you buy and HODL AXS token or if you active trade them on such trading platforms as Binance and OKX, where they are listed.
Breeding superior and rare Axies: Axie Infinity also lets you breed superior and rare Axies to create a new axis that you can sell on the Axie Infinity NFT marketplace. The rare and superior the offspring’s, the higher their value. In December 2021, for instance, The Mystic AXIE sold for more than 300 ETH.
Selling land and items: You can also make money here by buying and selling land on Axie Infinity’s Lunacia metaverse. How much is land worth here? Well, in November 2021, a single plot on Genesis Land sold for $2.5 Million. The most popular tradable items for sale on the Metaverse include flowers, barrels, pillars, and spears.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Will Axie Infinity (AXS) Eventually Reach $1000?
It is highly likely that Axie Infinity token prices will continue rising and eventually reach $1000. A host of reputed crypto analysts argue that upcoming developments on the Axie Infinity and its linked Ronin Sidechain will play a crucial role in catapulting AXS towards $1000.
The majority of analysts and investors are confident that AXS will carry over the growth momentum that kicked off in 2021 into the few years. And after a careful and extensive analysis of the wide range of proposed features and programs on Axie Infinity, some experts have praised AXS, arguing it has the greatest room for future growth of all the play-to-earn blockchain-based altcoins available today.
When do they expect it to reach $1000?
Virtually everyone agrees that AXS will have broken above $1000 by 2030. The more optimistic analysts are, however, convinced that AXS has all it needs to rebound and climb swiftly to reach $1000 by 2025.
Where Will Axie Infinity (AXS) Be Worth In 5 Years?
The general feeling in the crypto market is that AXS token’s price will continue rising, and it will be worth more than its current market price in 5 years. Currently hovering 60% below its November 2021 peak price, everyone expects AXS to rebound over the next few months and assume a moderate uptrend. This, according to different forecasters, will take it to between $700 and $5000 by 2027.
Here are some of the analyst predictions of AXS token prices for 2027.
Crypto experts at Coinquora note that in-network developments and upgrades to the Axie Infinity ecosystem, as well as growing user base and demand for AXS tokens, will help the altcoin sustain an uptrend. They don’t provide us with a 5-year prediction, but they expect to tear above $720 by the end of 2025 and to sustain this uptrend in the years that follow.
Analysts at CryptoAndFire share this analysis of AXS future price performance. They observe that while they expect AXS to rebound and sustain an uptrend for the next few years, the growth rate will be rather moderate, adding that they expect AXS to end the year 2027 selling for $766.
The all-popular and reputable technical analysis platform, Wallet Investor, also foretells a moderate value gain for the AXS token. Between now and a time like this in 2027, they expect AXS to have grown its current market price by around 1250% to reach $815.
The technical analysis and machine learning platform - Gov Capital - is, however, tremendously bullish about AXS toke’s price performance over the next few years. They expect it to rebound and rise above the current all-time high by April, break above $1000 by October 2023, and reach $4870 in the next 5 years.
Don't Miss: Axie Infinity Price Predictions
What Will Axie Infinity( AXS) Be Worth In 10 Years?
The fact that AXS is a work in progress and that its tokens are still in price discovery has most crypto analysts and investors convinced that it would sell for way more in 10 years than its current valuation. Interestingly, they only expect the gaming token to start making major price moves at the tail end of the decade.
For instance, while the majority expect AXS to reach $1000 between 2026 and 2028, they then argue that it will more than triple this value and reach between $2400 and $300 by 2031. Here are some of their AXS’ 10-year forecasts:
Technical Analysts at ICO Creed have a conservative view of AXS's future price performance, especially for the next 5 years. They, for example, only expect AXS to rebound and rise above its current all-time high after 2024. They then expect AXS prices to grow at a slow pace that takes it to $2400 in 2031.
Experts at TechNewsLeader are also convinced that AXS will post a depressed price action over the next 5 years. They too expect it to rebound and rise above its current ATH high in 2024, reach $1000 in 2029, to have reached $2986 by this time in 10 years.
The historically bullish CryptocurrencyPricePrediction platform isn’t too excited about AXS’s future price action. Even though they expect it to rebound and rise above ATH by April 2022 and reach $1000 by November 2025, they aren’t too optimistic about its price action after that. By December 2030, they expect AXS to sell for $2977.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Is Axie Infinity (AXS) A Good Long-Term Investment?
Yes, Axie Infinity is a good long-term investment, and there are four good reasons to back this claim. First is the fact that it has performed exemplarily well since its launch in a move that helped it draw in a lot of investor interest and create a solid base for future value gains. Secondly, Axie Infinity developers are currently working on multiple interesting and highly innovative projects that are expected to help fuel an AXS future price rally.
AXS is also a good long-term investment because it presents you with multiple investment opportunities. Lastly, it is a good long-term investment because it has proved to be a massively resilient altcoin by surviving one of the most impactful crypto market crashes and multiple broken server scares.
Read Also: Is Axie Infinity A Good Investment?
Conclusion: Should I Buy Axie Infinity (AXS)?
It is clear that AXS is bound to make outsized price moves over the next few years. As it rolls out more upgrades, draws in more users, and possibly launches the Ronin Mainnet, the use case for AXS tokens will rise, pushing the demand and price for the coin. But as the token’s price and its market cap valuation rise, so will the larger investment needed to push it higher up, as is the case with Bitcoins today.