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Axie Infinity (AXS) has remained stagnant close to $95 for weeks at the end of 2021, managing to preserve its stability. AXS has shown a higher price potential with hikes above $160, and sparked questions on whether 2022 will bring further corrections or a long-awaited breakout.
AXS Price Prediction: What Trader Sentiment Shows
AXS looks moderately bearish, with some signs sentiment may switch to neutrality. AXS is affected by the overall market search for direction, especially with Bitcoin (BTC) stepping back under $47,000.
Despite this, a phenomenal 97% of AXS owners are in the money, showing little incentive to sell and move on to new projects.
AXS Price Prediction: Will New Network Usage Build Value
AXS can be used on a new blockchain, the Ronin Network. The launch of the RON token in the coming weeks may attract attention to the project.
AXS also offers incentives for staking, in addition to other play to earn mechanisms such as gameplay for Smooth Love Potion (SLP) rewards and pre-launch RON token minting.
AXS Price Prediction: How NFT Market Affects This Project
Owners of Axie Infinity items are around 43,500, one of the highest distributions of NFT playable characters.
In the future, Axie Infinity expects to see its land plot gameplay expand, building a growing community around ownership and trading.
One of the problems for Axie Infinity is that its NFT characters have no known floor price and there may be an oversupply of characters. This has hurt the scholarship program which relies on scarcity to lend out playable Axies. The value of the SLP token also remains depressed due to lower demand for breeding new Axies.
AXS Price Prediction: How RON Will Add to Price Action
RON is not yet launched or traded, though it has been created on the blockchain. The new token will then have liquidity pairs on the Katana DEX on the Ronin network. RON predictions see the asset command relatively high prices, benefiting early adoption.
The launch and trading of RON may boost the AXS market price, as reflected by social media moods.
AXS Price Prediction: End of 2022
In 2022, potential maps for AXS development see the asset retain its three-digit valuations. Social media predictions see AXS rise to $300, a tame growth period compared to the previous year which led AXS to become one of the top cryptocurrency gainers.