Axie infinity price prediction 20251/24/2024 ![]() Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Axie Infinity 2023 price predictions due to multiple unknown factors. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy - on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets. Federal Reserve’s efforts to curb inflation. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.Īccording to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.Īnother market factor that should be taken into consideration is how successful will be the U.S. The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. ![]() If you are looking to buy or sell Axie Infinity, Binance is currently the most active exchange. AXS has a circulating supply of coins and a total supply of. As part of the online game, users can earn Axie Infinity Shards (AXS) tokens that entitle holders to staking rewards and rights to voting on community proposals.Ĭurrently, Axie Infinity Price is USD. The game allows players to collect, raise, breed, pit and sell the ecosystem pokemon-like fantasy creatures called Axies in form of NFTs. Read also: Axie Infinity updates Origin as users drop outĪxie Infinity is a leading play-to-earn NFT game based on the Ethereum blockchain. With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for Axie Infinity to reclaim its all-time high in 2023? Continue with the article to learn about Axie Infinity price analysis and prediction by Coinpaper. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of AXS. Subsequently, the chain of the unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. This year has been a tough sail for Axie Infinity since May 2022, when Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations.
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