A new Cryptocurrency startup was launched recently which is called AXS. It is a decentralized app that allows users to trade digital collectibles (CAD’s) on the Blockchain. The Cryptopia team is also developing the app on the Blockchain to promote the trade of collectibles. Cryptopia’s goal is to create a platform that will grow and become a worldwide business, through Blockchain technology. Cryptopia is the first Cryptocurrency startup that has successfully completed the ICO.
So here we are, now a year later, and Axie Infinity has finally been released. This is a game that was around for a long time, and it was expected to rise in the price to a certain level, but it is not the case. The current price in the market is $0.55 USD, which is not a bad price for a game that has been around for a while. The game is quite interesting, and it has some neat concepts behind it.
The last few months have been very interesting for AXS (AXS). The coin has been making news and has been making a lot of progress. The progress has been mainly due to the price of AXS itself. The coin is currently trading at $0.16.. Read more about aave price prediction 2023 and let us know what you think.
- The range of bullish AXS price predictions is $26 to $41.
- The price of AXS may potentially hit $50 in the near future.
- For 2023, the AXS pessimistic market price forecast is $6.48.
We utilize data, price trends, ADX, and other information about Axie Infinity (AXS) to evaluate the cryptocurrency’s future movement in Axie Infinity (AXS) price forecast 2023.
Axie Infinity is a blockchain-based fighting and trade game that is partly owned and managed by players. AXS is a game that allows players to gather, breed, grow, fight, and trade token-based animals called Axies. It was inspired by famous games like Pokémon and Tamagotchi.
Furthermore, each Axie is a non-fungible token (NFT) with unique characteristics and benefits. Axie Infinity Shards are the official government token of the Axie Infinity ecosystem (AXS).
At the time of writing, the Axie Infinity price was $18.29, with a 24-hour trading volume of $711,185,327, according to CoinGecko. AXS, on the other hand, has dropped 19.4 percent in the past 24 hours.
Furthermore, there are 55,260,010 AXS in circulation. It is currently traded on Binance, Huobi Global, Upbit, FTX, and Bitcoin.com Exchange, among others.
Price Prediction for Axie Infinity (AXS) in 2023
Axie Infinity (AXS) is currently ranked 75th on CoinGecko. The price of AXS in 2023 is forecasted using a daily time period, as shown below.
Daily Time Frame AXS/USDT Price Chart (Source: TradingView)
The Higher High and Higher Low patterns may be seen in the chart above. This is an upward trend pattern, which means that the value of tokens is rising. AXS moved from a downward to an upward trend at the start of this era, as seen in the graph above.
AXS is now trading at $18.29. Following that, AXS may continue to decline or increase, depending on the breakout. AXS will shortly breach the upper trendline, hitting $50, based on this pattern. If the trend continues, the price of AXS may drop to $17.50.
Support and Resistance Levels for Axie Infinity (AXS)
The AXS support and resistance levels are shown in the chart below.
Support and Resistance Levels for AXS/USDT (Source: TradingView)
The resistance and support levels of AXS may be seen in the weekly time frames shown above.
- $26.20 is the first level of resistance.
- Level 2 Resistance – $50
- $17.50 for Level 1 Support
- $11.80 for Level 2 Support
- Level 3 Support – $6.48
In the last month, AXS has been on a rising trend, as seen in the chart. If the current trend continues, AXS may break over the $50 barrier level.
If investors reject cryptocurrencies, the price of Axie Infinity may decrease to roughly $6.48, signaling a negative trend.
Axie Infinity (AXS) Axie Infinity (AXS) Axie Infinity (AXS) Axie (ADX)
Let’s take a look at AXS’s average directional index (ADX). The ADX indicator aids traders in determining the strength of a trend rather than its exact direction. It may be used to see whether the market is shifting or if a new trend is about to emerge. It does, however, have a connection to the Directional Movement Index.
Furthermore, the oscillators have a range of 0 to 100. A high number also suggests a strong trend, while a low value shows a weak trend. It’s often used in tandem with direction indicators.
The ADX of AXS remains above the range of 79.9 in the chart above, indicating a very strong trend.
Conclusion
The AXS is one of the few cryptocurrencies that has managed to hold its ground in a negative market. Our long-term AXS price forecast for 2023 is also optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $29.29. This will only happen if AXS is able to overcome numerous previous psychological barriers.
In addition, the Axie Infinity ecosystem may have a bright future in 2023, thanks to continuous improvements and upgrades. It may quickly reach $41 and even higher levels, but if investors intend to make AXS a solid investment in 2023, it will reach $50.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
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