Axie Infinity (AXS), once a leading name in the play-to-earn space, is currently trading at $3.44, with a 24-hour trading volume of $178.79 million. In the last hour, AXS has shown a marginal increase of 0.23%, and a more notable 5.78% uptick since yesterday. However, its broader trajectory tells a different story—a 47.41% decline year-to-date and a 52.17% drop over the past year, raising questions among investors about the long-term Axie Infinity price prediction and its potential for recovery.
Despite these declines, Axie Infinity’s volatility, sitting at a high 91.90%, could signal potential for a strong rebound. In crypto, such swings often precede bullish reversals—something seasoned investors keep a close eye on.
Technical indicators reflect a mixed trend. The 50-day Simple Moving Average (SMA) rests at $2.63, suggesting short-term upside potential, while the 200-day SMA at $4.80 points to long-term resistance. This divergence offers strategic entry points for mid- to long-term holders.
Tokenomics remains a key pillar of Axie’s appeal. With a circulating supply of 161 million AXS and a maximum cap of 270 million, scarcity could act as a price catalyst, especially if demand for metaverse and blockchain gaming surges again.
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When compared to major players, Bitcoin grew 10.19% last year while Ethereum dipped 22.45%, reinforcing the idea that sector-specific tokens like AXS are facing heavier headwinds. Still, many crypto veterans argue that such underperformance can set the stage for outsized returns.
Some bullish forecasts project AXS could reach $70 by 2025, banking on renewed interest in GameFi and decentralized virtual ecosystems. While that figure may appear optimistic, the blend of volatility, token scarcity, and long-term potential makes Axie Infinity a token worth watching closely.
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