Where to Buy Axie Infinity Shards (AXS)

The globe is obsessed with cryptocurrencies, blockchain technology, and decentralized finance (DeFi), with the market seeing significant growth in the first half of this year. This enthusiasm has resulted in the emergence of new and emerging cryptocurrencies, including in the world of gaming.

AXS aims to bring blockchain technology to the masses in a fun way. It’s play-to-earn crypto, and it’s built on the Ethereum (ETH) network. While playing participants can earn the Axie Infinity Shard token (AXS) and the other in-game token, Smooth Love Potion (SLP).

Players breed, raise, and battle in the Pokemon-inspired Axie Infinity game world to earn tokens. Axies are cute digital pets, and each one is unique. Basically, Axie is a non-fungible tokens (NFTs) that can be bought and sold. The lowest-priced Axie available today cost approximately $200, and the most expensive ones sold for 300 ETH (almost $550,000). You will have to buy three Axies to be able to participate in the game.

How to Buy Axie Infinity Shards

Best Place to Buy AXS in December 2021

Compare Crypto Brokers & Exchanges

How to Buy Axie Infinity (AXS) – Full Step by Step Guide

Do you want to know how to acquire Axie Infinity (AXS) right now? To acquire Axie Infinity (AXS) right now, simply follow these simple instructions.

1. Open an account: To begin, you’ll need to register with a reputable bitcoin broker. eToro is a platform that we endorse.
2. Upload ID: eToro, as a regulated brokerage, will require you to upload a copy of your government-issued identification.
3. Deposit: You can now use a debit/credit card, Paypal, Neteller, Skrill, or a bank transfer to make a deposit.
4. Buy Axie Infinity (AXS): Search for Axie Infinity (AXS)’ and click on the ‘Trade’ button. Enter the amount of Bitcoin you wish to buy ($25 minimum) and confirm the order.

You will now have Axie Infinity (AXS) in your eToro portfolio.

How to Buy AXS – eToro Tutorial

After collecting detailed information about Axie Infinity (AXS), the next step is to open an account with a broker company. As Axie Infinity (AXS) is listed on the Blockchain network, finding a broker with access to the blockchain is crucial. Some of the most prominent cryptocurrency brokers in the United Kingdom have been discussed above.

Looking for a more in-depth explanation of how to buy Axie Infinity (AXS) online? If that’s the case, the article below will lead you through the processes required to purchase AXS in the safest and most cost-effective manner possible.

Step 1: Open an Account

The first step is to visit eToro and create a trading account by clicking on the “Join Now” icon in the centre of the page.

• Full name
• Nationality
• DOB
• Address
• Contact Details
• Username and Password

How to create an account at eToro

Step 2: Upload ID

To comply with regulatory rules, eToro will then request you to give a copy of your driver’s licence or passport to verify the provided identity. To validate the stated address, a copy of the utility bill or bank account statement will be required. Once the documents are uploaded, the verification will take place automatically.

Step 3: Make a Deposit

The minimum amount required to start an account with eToro is $200, which can be deposited in a variety of ways, including:

• Debit cards
• Credit cards
• Bank transfers
• Skrill
• PayPal
• Neteller

Regardless of payment type, eToro charges a flat fee of 0.5 percent on all deposits. This is far less costly than some of its biggest competitors, such as Coinbase, which charges 3.99 percent when purchasing Bitcoin with a debit card.

How to Buy Bitcoin at eToro

Furthermore, if you are a US resident and deposit funds using a USD-backed payment method, there is no transaction fee. The minimal deposit is $50 for US residents and $200 for most other nations.

Aside from a bank transfer, all deposit methods credit your funds to your account immediately.

Step 4: Search for Axie Infinity (AXS)

At this stage of our step-by-step guide, you should now have an eToro account that is funded. Now it’s time to buy Axie Infinity (AXS).

Finally, click on the ‘Open Trade’ button to complete your investment. Then with Bitcoin you can buy Axie Infinity (AXS) on Binance, or Coinbase.

Edit – eToro has listed Axie Infinity as of Nov 9th, 2021, so it’s now possible to buy AXS on their platform

1. eToro – Best Cryptocurrency Exchange

eToro is a well-established reputable broker based in the United Kingdom. It was first launched in 2007, and since then, it has expanded its business worldwide and hit over 20 million registered users in 2021. Alongside being a cryptocurrency exchange, users can also trade forex, commodities and stocks with 0% commission.

eToro is licensed by the FCA, ASIC, and CySEC and is partnered with the FSCS. This exchange platform allows you to buy and hold 120+ cryptocurrencies and provides a secure wallet to store them. If you hold ETH, ADA or TRX you can also receive staking rewards, being paid to own those assets.

eToro does not charge any deposit fees or trading fees, only a buy and sell spread. The best feature provided by eToro is its social trading platform and tools, which are a very useful way for beginner investors to copytrade professional traders. 

Axie Infinity (AXS) on eToro – Unfortunately, eToro doesn’t have Axie Infinity (AXS) at this stage. However, you can buy Bitcoin on eToro, then transfer that to Binance to buy AXS with (Ethereum can also be used on Binance), or Coinbase.

Hopefully as it’s such a popular altcoin, Axie Infinity (AXS) will be available on eToro very soon.

Edit – eToro has listed Axie Infinity as of Nov 9th, 2021, so it’s now possible to buy AXS on their platform

Initial Deposit

The minimum investment of $50 means that investors can enjoy the leverage trading facility. In simple words, investors have a chance to own a fraction of a share if they want, and they can also buy shares worth more than the amount deposited through CFD.

Copy trading is also a feature provided by eToro to its customers, which can help beginner traders mirror an experienced investor’s portfolio.

Various Payment Options

Traders can use various payment methods through credit/debit cards, bank transfers, or e-wallets like PayPal, Skrill, VISA, or Neteller. Another exciting service offered by eToro is that investors can also buy and sell a fraction of stocks. For all newbies, it means traders can buy a fraction of stocks and have no need to buy a single share of a company with their share trading account eToro.

Regulation

eToro is regulated in the United Kingdom (UK) and worldwide, holding licenses from the ASIC, FCA, and CySEC. In addition to this, eToro is a member of the Financial Services Compensation Scheme (FSCS) that protects the first £85,000 of investors’ funds in case of the broker’s bankruptcy. 

Buying and selling on eToro can be done online as well as on mobile devices through their application. The opening process of an eToro account is straightforward and takes about a couple of minutes. The payment can be deposited in various ways, including debit/credit cards, e-wallet, bank transfer, and Paypal.

Pros & Cons of the eToro platform:

Visit eToro

2 – Coinbase

Coinbase is among the most well-known cryptocurrency exchanges in the United States, and it’s one of the world’s largest. Nevertheless, keep in mind the hazards of trading these speculative currencies. Coinbase, the largest cryptocurrency trading platform in the United States, was founded in 2012 in San Francisco.

CoinMarketCap.com, a market research website, is also among the top crypto exchanges globally in terms of traffic, liquidity, and trading volumes. Coinbase is a cryptocurrency brokerage that provides custodial services for institutional cryptocurrency storage and a cryptocurrency payments network for businesses. Furthermore, USD Coin (USDC) is a stable cryptocurrency pegged to the US dollar.

Coinbase became the first crypto trading company in the United States to be listed on a US exchange in April, with an IPO valued at roughly $86 billion. While bitcoin brokerages are not covered by the Securities Investor Protection Corporation or SIPC, Coinbase covers its site for any losses incurred due to theft or hacking.

Coinbase.com listed Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Quickswap (QUICK), and Wrapped Luna (WLUNA) on August 13, 2021, and on the Coinbase Android and iOS apps. Customers of Coinbase can now trade, transmit, receive, or store AXS, REQ, TRU, QUICK, and WLUNA in the majority of Coinbase-supported regions, with certain restrictions noted on each asset page here. Coinbase Pro also supports trading in these assets.

Axie Infinity Shards (AXS), the main token, can be purchased and sold on platforms such as Coinbase. To play the game, you must have some AXS, but you may also exchange AXS like Bitcoin, Dogecoin, or any other significant cryptocurrency. AXS will also function as a governance token, allowing holders to have a say in the game’s development.

How do you get started with Axie Infinity?

To participate, you’ll need an Ethereum-compatible crypto wallet as well as some ETH. You can purchase ETH via an exchange such as Coinbase and transfer it to Coinbase Wallet (which is distinct from the main Coinbase app and can be downloaded from the Apple App Store or Google Play) or Metamask.

To begin, you must purchase at least three Axies from the game’s marketplace. Sky Mavis keeps 4.25 percent of all Axies, virtual real estate, and other things that users sell to one another. “Rare” axes with desirable features are more expensive.

Players can also “breed” new Axies for some of the game’s two native cryptocurrencies, Axie Infinity Shards (AXS) and Small Love Potion (SLP) (SLP).

You can gain SLP by defeating other players and completing tasks.

Pros & Cons of the Coinbase platform:

Visit Coinbase

3 – Binance

Visit Binance

What is Axie Infinity (AXS)?

Sky Mavis is the team that founded AXS in 2018. C0-founded by Trung Nguyen and Aleksander Larsen, the main goal of the coins was for players to enjoy earning them by competing in games, but they also wanted to provide an excellent return to customers. In 2021 Axie Infinity rocketed to the moon, and many investors profited several hundred percent.

On September 29, Axie Infinity broke the bottom reversal pattern and has doubled in value since then. There will be a retracement, but there is a chance that AXS will record a new all-time high before the upswing ends. Axie Infinity is a new type of crypto-based game platform. AXS price is typically correlated to the game’s popularity; it tends to drop if players migrate to a competitor or lose interest. Typically, people participate in this game to make money.

The reason for its appeal is the possibility for profit, particularly in poor countries. Axie’s impressive revenue streams are driven by high involvement. In June, Axie generated more revenue than big decentralized exchanges such as Uniswap and Aave.

Is it Worth Buying AXS in 2021?

Since May, many cryptocurrencies have witnessed major price declines. However, it appears that every couple of weeks, there is an exception. From Keep Network to Baby Doge Coin, a lesser-known cryptocurrency will make headlines due to a big price increase.

The most recent is Axie Infinity (AXS). In just one month, its value increased by approximately 550 percent. It was selling at $4.45 on June 15 2021, and by July 15, it had reached an all-time high of $28.61. According to CoinMarketCap data, it has since dropped and is now worth $15.03 at the time of writing.

It’s not a good idea to buy something you don’t understand in the hopes that the price will rise. So, if you want to purchase this currency, you must first comprehend crypto games.

It is undoubtedly an intriguing part of the bitcoin market, especially given how NFTs have transformed the concept of in-game assets. As blockchain technology advances, crypto platforms may be able to host more complicated games, and pay-to-earn coins such as Axie are expected to become more prevalent.

However, the technology must still overcome a number of obstacles. The most important of these is scalability. The bulk of applications are developed on Ethereum’s network, and the platform is congested and transactions are expensive until it can be upgraded. Axie’s rapid growth has resulted in a few technical issues, including a three-day outage that occurred earlier this month.

When a coin increases by 550 percent in a month, you have to wonder how far it can go. There is a recurrent pattern in which people pile into a coin just because the price is rising. This not only raises the price higher, but it also raises the likelihood that those investors will buy at a high. That is why it is critical to conduct your own study and consider the long term.

There’s a lot going on that’s keeping Axie supported:

• It is one of the most valuable gaming cryptocurrencies in terms of market capitalization.
• Its senior management team has prior experience in both blockchain and gaming.
• It has a whitepaper with a well-defined roadmap and objectives.
• It is profitable. Axie Infinity earned $40.2 million in the last seven days alone, according to Token Terminal, which tracks the earnings of several protocols.
• A billionaire and crypto enthusiast, Mark Cuban participated in Axie’s most recent investment round, which raised $7.5 million.

However, the significant price increase makes it appear to be a fad rather than a long-term investment. Here are some of the most severe Axie-specific risks:

• Axie may encounter further server issues or other technical difficulties.
• If the value of Axie declines, playing the game will become less profitable, and the community may disband.
• Given the rate of technological advancement, there’s always the possibility that a newer game will dethrone it.

Will the Price of Axie Infinity (AXS) Go Up in 2021?

According to the most recent long-term estimate, Axie will be worth $300 through the end of 2021 and $500 by the mid of 2022. Axie will increase to $1,000 in 2024 and $2,000 in 2029. Axie’s price began in 2021 at $2.72. Axie is currently trading at $126.83, representing a 4563 percent growth from the beginning of the year.

The projected Axie price at the end of 2021 is $340, with a year-to-year change of +12400%. The increase from today through the end of the year is +168 percent. In the first half of 2022, Axie price will rise to $620; in the second half, the price will fall $30 and end the year at $590, representing a +365% increase over the current price.

Axie Infinity (AXS) Line Chart – CoinMarketCap

According to our in-depth technical analysis of AXS price history, the price of Axie Infinity is expected to reach a low of $133.12 in 2021. With an average selling price of $138.19, the AXS price can reach a maximum of $141.98. The price of Axie Infinity is expected to fall to a low of $197.82. Throughout 2022, Axie Infinity price can reach a maximum of $233.27, with an average price of $204.73.

According to the forecast price and technical analysis, the price of Axie Infinity is expected to reach a low of $286.40 in 2023. With an average selling price of $294.59, the AXS price can reach a maximum of $350.07. In 2024, the price of one Axie Infinity is predicted to fall to $412.07. Throughout 2024, the AXS price can reach a maximum of $495.63, with an average price of $423.85.

In 2025, the price of Axie Infinity is expected to be as low as $575.40. According to our estimates, the AXS price might reach a high of $700.74, with an average projected price of $592.35.

How to Choose the Right Crypto Broker

Given the abundance of brokers from which to purchase AXS, it’s critical that you make the best decision possible. As you look for the best broker for you, consider the following factors:

1. Fees

When trading cryptocurrencies like AXS, finding a broker with low costs is crucial, what’s the significance? Because fees can quickly accumulate. Get a breakdown of the broker’s fee structure before deciding on a trading platform. Fees for withdrawals and deposits, transactions, and trading should all be included.

2 – Safety

To avoid illegal access to your assets, the correct broker should have appropriate safety and security standards in place.

3. Support

A reputable broker will also have a strong customer service department to assist you with your every requirement.

4. Deposit Options

You want to be able to make as many deposits as feasible. There is always a lot of choices, from bank transfers to credit cards to payment processors. Just keep in mind that each one comes with its own set of expenses.

When you’re considering an investment, follow these things:

Each cryptocurrency carries inherent risks, and this is particularly true for AXS. Thus, anytime you invest, it is critical to avoid succumbing to FOMO. Apart from following others, before investing in any digital asset, you must conduct your own investigation.

1 – Continued research: Before investing your money, it is critical to conduct thorough research on the product in order to prevent the hazards associated with it.

Here are the different methods we looked into:

1. Reviewing social media channels.
2. Take note of the transaction volume.
3. Review the principles.
4. Explore popular subjects.
5. Make use of the potential of specialist forums.
6. Analyzing future events
7. Escort crypto meetups.

2 – Monitor the market:

Market monitoring is the second stage in learning more about your chosen product or digital asset. The market may move in a manner contrary to your expectations, and maintaining your calm when the market does so is equally critical. The most effective method of market monitoring is to peruse review sites and their associated recommendations.

Buying Axie Infinity (AXS) as a CFD Product

Contracts for differences (CFDs) are derivatives that allow you to speculate on multiple financial markets without owning the underlying asset. It is widely used in established markets such as foreign exchange currency pairings, stocks, bonds, indices, and commodities.

Trading CFDs entails more than simply buying and selling; it also entails agreeing to swap the difference in an asset’s price when the contract is opened and expires.

CFD trading has made its way into the cryptocurrency industry, and AXS is now available as a CFD product. If you’re having trouble understanding bitcoin trading and where to keep your crypto funds, you may use CFDs to profit from AXS. We recommend trading AXS CFDs on the Binance as it’s a well-established reputable exchange with margin trading on leverage.

Taxation on Axie Infinity (AXS) Earnings:

As the cryptocurrency market is still new and finding its ground, regulatory agencies, including the SEC, are looking to regulate this industry. Furthermore, the Internal Revenue Services have been trying to set up a tax regime for cryptocurrencies. Currently, cryptocurrencies and digital assets are treated as properties and fall under the capital gain tax bracket. However, in certain situations, some earnings from cryptocurrencies are also considered income and fall under the income tax bracket. The following are the taxable events that qualify for capital gains and income taxes when trading digital assets.

The Internal Revenue Service (IRS) issued IRS Notice 2014-21, IRB 2014-16, providing guidance for individuals and corporations on the tax treatment of virtual currency transactions. Individuals who have bitcoin as a capital asset but are not in the trade or business of selling cryptocurrency might find answers in the IRS’s Frequently Asked Questions on Virtual Currency Transactions.

Profit is referred to as gain in the tax world. It’s the difference between your tax basis (typically what you bought for the shares plus transaction charges) and the amount you get when you sell or exchange them.

Axie Infinity Taxable Events

With genuine revenues being earned on Axie Infinity, doubts about Axie Infinity taxes have emerged: Is it necessary to record income on income taxes? If so, then how?

The short answer is that most Axie Infinity transactions are undoubtedly taxable events, even if your AXS, SLP, and NFTs never leave Axie world. The IRS regards any crypto-to-crypto transaction as a taxable event. Because most assets in Axie Infinity are tokenized, even seemingly non-transactional behaviors such as using potions or spawning new animals may be taxed.

Underneath, we describe how some Axie Infinity activities would be taxed in the United States: 

Getting an Axie

In order to play the game, a player must first acquire an Axie with ETH. If the ETH you used at the trade is worth more than when you got it, you have realized a capital gain. This difference in value must be recorded on Form 8949.

Buying and selling an Axie

You have realized a capital gain if you sell an Axie for a profit on Axie Marketplace. You must disclose any difference between Axie’s cost basis and its selling price on your crypto taxes.

Obtaining SLP

SLP made through battling axes is considered normal income. Based on the advice of your tax advisor, you should declare this income as the market value of the SLP on the day you earned or claimed it.

On an exchange, you can sell AXS or SLP.

Making a profit by selling or otherwise disposing of AXS or SLP when its value is higher than when you obtained it is a capital gain. Form 8949 should be used to report these earnings.

Getting an Axie or another item as a gift

According to the IRS’s guidance on airdrops, if another player sends you an Axie or another in-game item, you will owe regular income tax on the received gift. The amount of income you must disclose is Axie’s fair market value (FMV) on the date you got it.

Winnings Distributions and Manager Payouts

Because all winnings are paid to the management, the manager is liable for all earnings gained through their scholar’s triumph in battle. When the management delivers a percentage of the wins to the scholar, they may remove some or all of that sum, depending on whether they consider Axie Infinity a business or a pastime.

When the management transfers the agreed-upon portion of the gains to the scholar, the scholar likewise experiences a taxable event and must pay income tax on their share of the payout.

Axie Breeding

A player must spend AXS and SLP to breed Axis. This is a taxable expenditure; you must pay capital gains taxes on any increase in the AXS and SLP’s value between the time you earned it and spent it.

These breeding costs could be regarded as transaction fees. If you and your tax advisor interpret them correctly, you may be entitled to deduct part or all of these expenses.

Much of an Axie’s worth is determined by its unique “genetic” characteristics. However, a portion of its value is reliant on its breeding potential; each Axie may only be bred seven times, and the breeding price increases with each breed.

Receiving a new Axie in your wallet will very certainly be taxed as a typical crypto-to-crypto transaction and recorded on your Schedule D. However, it is unclear how to calculate the cost basis of a newly produced Axie; the IRS has not published any guidelines on Axie breeding. 

Calculating Your Capital Gains Tax

The crypto market has seen exponential growth in the past year, and government agencies are trying to take knowledge of it. Given the recent spike in the non-fungible token (NFT) sub-sector, the IRS is also looking to get a piece of the crypto pie. Two things largely decide the number of capital gains tax rates for cryptocurrencies, first, your income tax bracket, and second, how long you have held on to your crypto asset. This will help you calculate your:

a.) Capital Gains on Short-Term Investments

The short-term capital gains tax largely depends on how long you have been trading or holding cryptocurrencies. If you have made gains or losses from trading or holding crypto for less than a year, you will be taxed under your normal tax bracket. Losses you incur for that trading year can prove useful. Leveraging on a tax-loss harvesting strategy, you can write off up to $3,000 of your taxes. You also enjoy the privilege of post-dating your taxes to the next year.

b.) Capital Gains on Long-Term Investments

Long-term capital gains apply if you have been trading cryptocurrencies for upwards of a year. You will pay taxes between the range of 0 to 20% depending on your income. We have itemized the income tax brackets on this link.

Automated Trading With Robots

A trading robot is a computer program that, on a computerized basis, executes all of the activities of a professional trader on an exchange. The computer software is a fully automated version of tried-and-true trading techniques. Regardless of the direction in which asset values are moving, robots tend to outperform humans during periods of substantial market volatility. This is because they rely on trading strategies that are meant to generate profits even when the market is down.

In addition, the most successful bitcoin bots in the world are known for their lightning-fast research and execution. As a result, they can complete a huge number of transactions every day and thereby take advantage of any trading opportunities that arise.

Trading Axie Infinity (AXS) can be a difficult profession for anyone, and there is no assurance that your market analysis will result in a profit. There are other sure ways to grow your capital with little to no effort to get around this problem. Ideally, the bots make a profit, and that profit is bigger in risk-adjusted terms than if you had just bought and held the same coins throughout.

Axie Infinity (AXS) Mining: Can You Mine AXS?

Axies are fascinating creatures that players control in Axie Infinity. Each Axie is a non-fungible token (NFT), which means it is a one-of-a-kind digital collectible in and of itself. Axies can be bred and battled, but it can’t be mined.

Play to earn is a newer style of gaming, but it’s gaining popularity. Players earn cryptocurrency tokens within the game, which they can then trade for hard cash on decentralized exchanges.

Within the game, there is an entire economy (a world called Lunacia). In Lunacia, players can use their in-game tokens, Smooth Love Potion (SLP) and Axie Infinity Shard (AXS), to acquire land, farm, or breed Axies. Furthermore, gamers can use the tokens to pay for rent or food in real life because the tokens have monetary worth.

Decreasing Risk in AXS Investment:

Every investor needs to find ways to protect themselves from any big loss. If you want to cap your risks, then follow these rules:

Hedge your risks: You should always have a well-balanced portfolio of investments. Use financial instruments strategically to mitigate the risk of adverse price movements. On the other hand, the investors hedge one investment by making a trade-in another.

Use a stop loss: A stop-loss order is used to restrict an investor’s loss on an adverse move in a security position. You don’t have to monitor your holdings on a daily basis if you use a stop-loss order. An investor’s ally is a stop loss. Be a note of it and make sure you stick to it. When things don’t go as planned when investing, you’ll want to know when to take your money out.

Set a target:  Short-term traders who want to manage their risk should employ take-profit orders. This is because they can exit a transaction as soon as their predetermined profit target is met, avoiding the risk of a market decline. Traders that follow a long-term strategy dislike such orders since they reduce their profits.

Use multiple exchanges: To reduce risk in crypto trading, I use a variety of exchanges, employ hardware wallets, and invest in a variety of narratives (Oracles, Defi, or insurance). To reduce risk when trading, trade only when truly strong patterns form or when a coin has reached its bottom.

Fundamental & Technical analysis: When it comes to investing, I prefer to focus on coins with strong fundamentals. I only invest on rare occasions in response to news or other events. If I decide to invest, I will also do a technical analysis. I consider things like where the currency is in its life cycle.

Are there any trading patterns? For the coin, there is support and resistance, recent price history, news, and forthcoming events. If I invest in fundamentally sound coins, I can stay calm even if the price changes a lot because I know the price will eventually rise.

AXS vs. Other Cryptocurrencies

Axie Infinity (AXS) vs. Ethereum (ETH)

Axie Infinity (AXS) is a crypto based Pokémon game in which participants nurture, battle, and trade Axies, who are cute NFT pets. It has two native cryptocurrencies: Axie Infinity Shards (AXS), that can be purchased and sold on exchanges, and Small Love Potion (SLP), which is granted to players for playing the game. This enthusiasm has resulted in the emergence of new and emerging cryptocurrencies. On September 29, Axie Infinity broke the bottom reversal pattern and has doubled in value since then.

The Ethereum network’s programs and services all require computational power to function (and that computing power is not free).  Besides, Ether is a payment method used by network users to pay for the services they want from the network.

Axie Infinity (AXS) vs. Bitcoin (BTC)

Axie Infinity is a new type of crypto-based game platform and its price is typically correlated to the game’s popularity. The price tends to drop if players migrate to a competitor or lose interest. Typically, people participate in this game to make money.

On the flip side, Bitcoin uses peer-to-peer technology to manage transactions and issue new bitcoins without a central authority or banks. The network as a whole is in charge of these tasks. Anyone can participate in Bitcoin because it’s open-source and nobody owns or controls it. Several Bitcoin’s unique qualities enable it to be used in ways no other payment system has been able to.

Axie Infinity Price Predictions:  Where Does Axie Infinity Go From Here?

At this time, Axie Infinity price is trading at $125.72 USD with a 24-hour trading volume of $2,277,638,788 USD. Axie Infinity is down 6.25% in the last 24 hours. The current CoinMarketCap ranking is #24, with a live market cap of $7,657,404,046 USD. It has a circulating supply of 60,907,500 AXS coins and a max. supply of 270,000,000 AXS coins.

The chart below demonstrates that Axie Infinity has outperformed over the past few days. Furthermore, the AXS price soared about 118% in the last 30 days. If this trend keeps on, AXS might run along with the bulls, reaching its $250 level and climbing higher.

Axie Infinity (AXS) Price Chart – Daily Timeframe

 Axie Infinity (AXS) Price Prediction for 2022:

As per our prediction, Axie Infinity will reach $200 by the end of 2022. Furthermore, the 1st-half of 2022 is expected to show fast growth, up to $250. Thereafter, the bullish bias can slow down, but no significant drops are expected. With the help of upcoming, partnerships, and developments, reaching $200 is quite promising.

Axie Infinity (AXS) Price Prediction for 2023:

Axie Infinity’s price could rise even higher, reaching $350. Moreover, this is possible only if the market continues its ongoing bullish trend. Only if the cryptocurrency Axie Infinity breaks past the psychological resistance level.

Axie Infinity (AXS) Technical Outlook – Fibonacci Retracement

Axie Infinity (AXS) Price Prediction for 2024:

With the help of the latest upgrades and developments, Axie Infinity’s price could reach around $500 in 2024. 

Axie Infinity (AXS) Price Prediction for 2025:

In the following 4-years, Axie Infinity prices could race up to $720. However, reaching this level could not be so challenging for Axie Infinity as an additional medium, short-term, and long-term price targets could be found for purchase or sell orders. Axie Infinity has a high probability of reaching a new ATH soon in the next five years, as per our prediction.

eToro – Best Place to Buy Crypto

Axie Infinity (AXS) is a crypto-based Pokémon game in which participants nurture, battle, and trade Axies, who are cute NFT pets. It has two native cryptocurrencies: Axie Infinity Shards (AXS), which can be purchased and sold on exchanges, and Small Love Potion (SLP), which is granted to players for playing the game. This enthusiasm has resulted in the emergence of new and emerging cryptocurrencies. On September 29, Axie Infinity broke the bottom reversal pattern and has doubled in value since then.

If you’re ready to take the plunge to get in on the action, you can complete your crypto journey using our recommended broker, eToro. It only takes three minutes to get your account set up and ready to buy AXS, which was listed on eToro in Nov 2021.

You should also remember the following:

• Investing in and trading AXS necessitates extensive research and effort.
• AXS is a high-risk investment. 
• Invest just what you can afford to lose.
• Only use registered brokers and exchanges when trading or investing.
• You should also consult review sites and online specialists for their thoughts on Bitcoin. 

FAQs

Any risks in buying Axie Infinity (AXS) now?

When a coin grows by nearly 2000% in three months, you have to wonder how far it can go. There is a recurrent pattern in which people pile into a coin just because the price is rising. This not only raises the price higher, but it also raises the likelihood that those investors will buy at a high. That is why it is critical to conduct your own study and consider the long term. Considering its fundamental and technical outlook, the coin seems to be a safe investment.

Should I buy AXS?

The technical side of AXS is very optimistic; for instance, the coin is projected to reach a price target of around $300 by the end of 2021. In the first half of 2022, Axie prices are likely to rise to $600. Since the coin is near its all-time high, let's wait for a bearish correction until $100 before taking a buy.

Where can I spend my AXS?

AXS is still not as extensively accepted as Bitcoin, Ethereum, and Dogecoin. However, there are a growing number of stores that are now taking it. Yet, you can always transform AXS into other cryptocurrencies like Bitcoin, Ethereum, or Tether to make payments online.

Is it safe to buy AXS?

AXS increased by more than 600% between mid-June and mid-July. On July 15, the price reached an all-time high of $29.13 before plummeting to $14.19 on July 20. At the time of this writing, AXS is on the rise once more. All cryptocurrency prices are unpredictable, and large price surges are frequently driven by traders who see a coin increasing and get concerned that they will miss out. Before you buy, conduct your research and consider Axie's long-term prospects.

Will AXS ever hit $1000?

Axie Infinity is exhibiting a dramatic bullish trend as its price has surged from $5 to $125 in just four months. Despite the massive potential, hitting a target of $1000 is likely to be very challenging for Axie. However, Axie Infinity is likely to target $650 - 700 in the next 4 to 5 years.