Axie Infinity Trading forecasts and signals

Today we will analyze the cryptocurrency, which has revolutionized its niche and showed an increase of 1300% in the bear market of bitcoin, while retaining the potential to do more to increase the price.We will talk about the Axie Infinity blockchain game, which combined DeFi, NFT and staking on one platform, which allowed their AXS token to become the fastest growing cryptocurrency over the past couple of months.We analyze the price of Axie Infinity, why this project grew when other blockchain games with NFT failed, and make a price forecast for the future, plus a risk assessment.GameAxie Infinity exchange rateAXS forecastGameOpening the game's website, you get into some kind of incomprehensible world where Pokemon were mixed with steam-punk and you are offered to grow incomprehensible creatures, fight with other players and get rewarded for it. As if nothing new, even if we add that each game character is an NFT token, and the same tokens are internally game items, and all this can be sold on the game platform for cryptocurrency. Anyway, this is not an original idea, there are similar projects, but they did not shoot, yes, NFT trading on their special site is quite lively, but still it's not that.If you dig deeper, it turns out that Axie Infinity is not just a game on the blockchain with collectible tokens, it is also a DeFi platform. Coins under the AXS ticker are the internal currency of the platform, but it is also a management token. According to the developers, the owners of AXS tokens receive 95% of commissions for transactions on the platform, for example, from the sale of NFT tokens. By the way, the developers themselves hold 21% of the coins, so they also make good money on this.Moreover, AXS tokens can also be sent to staking, for which you will receive even more rewards. Judging by the inactive option on the site, the staking option is not yet available, but 29% of all tokens are allocated for staking rewards. There will be 270 million of them in total, according to the project's website, almost 60 million are already in circulation, although CoinMarketCap counted almost 61 million tokens on the market. And another interesting figure is $0.1, it was for this that the pre-sale took place.In the meantime, another feature of Axie Infinit, which other games on the blockchain do not have, the project really gives you the opportunity to earn. The developers of the project promote the idea of "play and earn", as they wrote in the media, initially players received about $5 a day, but after the price increase, their income increased to $20. This is also not a new idea, but this is probably the first project where it has become a reality, because for activities inside the game you get Small Love Potion tokens.This is the second token of the project, it has no additional functions, but it can be sold for another cryptocurrency or fiat. The coin is traded on Binance in a pair with ether or stablecoins, that is, the earnings are completely real.Read more: What is NFT and why are they worth millions?Axie Infinity exchange rateThere is a whole seven-point instruction on how to start playing Axie Infinity and what is most interesting, this is just the entrance to the game itself. These seven points in a detailed explanation take up several pages, and if we were shown the game and told that you need to follow this instruction to log in, the desire to play would disappear immediately.Axie Infinity exchange rate But people want to earn money, and the game gives such an opportunity, and therefore they first install a cryptocurrency wallet, for example, MetaMask and buy Ethereum with it, because Axie Infinity is made on its blockchain and ether will be required for commissions. Then, they install a second crypto wallet, which is needed to connect to the second layer of the blockchain, on which the game takes place. You also need to register, but the main thing is to start playing, you must buy 3 Axie Infinity coins. At the moment, they are asking for $40 for one AXS coin on the market, in total, to play, you need to pay $120 at once. In theory, if the truth was written about the game and you can earn $20 in a day,then in less than a week you can go to the plus. Of course, if you are active enough in the game and get the right amount of tokens as a reward.Also, a lot depends on the course of Small Love Potion. If it suddenly falls, then you are unlikely to earn anything, the issue of this coin is infinite, there are already more than 541 million tokens on the market, and the speed of their printing depends on the activity of players.Today, Axie Infinity is in the top in popularity among decentralized applications, according to the number of users.Everything seems to be fine so far, but the system is very thin and can break. For example, an AXS price that is too high will scare away new players, and if the Small Love Potion course collapses, then there will be no point in wasting time on NFT Pokemon at all. Of course, there is still a platform for trading game characters and items, but those who are willing to pay for such a product are always several times less than the total number of players.The modern gaming industry is based on the fact that people buy themselves completely unnecessary items, such as a new coloring book for a tank, and now you look cool, although they kill you just as quickly. It is unclear how many such loyal fans Axie Infinity will have and how much money they have, the answer to this question will come only with time.Read more: What are Stablecoins and how do they differ from other cryptocurrenciesAXS forecastIf we take the presale price and the current exchange rate of the coin, we get an increase, with a small rounding of 40,000%. From the data on the owners of the AXS token, it is difficult to understand how things are with the "whales" in this project.The list shows that these coins will still be distributed on a smart contract, almost 6% on Binance, then two more contracts and then various holders and exchanges. But in any case, there are those who have visited the presale, they have a frenzied profitability at the moment and sooner or later they will want to take the money. In which case, the price can do this.We are not saying that it will be tomorrow or in a month, it's just that many projects have already collapsed by 90% or more as a result of a panic sale provoked by "whales", and such a risk should always be kept in mind when making a decision to buy tokens for DeFi projects.But there are other scenarios, as we have already said, the growth of AXS hinders the attraction of new players, but if it is used as a management token and for the sake of staking, plus we estimate the capitalization of other cryptocurrencies, then a price of $100 or even $200 seems impossible.The potential 160% is also good money, and it is possible that the growth will not be right now, but after some correction, as it was recently.Then we get 400% and it already becomes interesting.We could draw several more scenarios for both the growth and fall of the coin, using various patterns, but these are only probabilities and the future is unknown to anyone. But what is known is the weaknesses in the tokenomics of the project, as well as the fact that it is essentially a hype coin, and its price is generally unpredictable. Therefore, be aware of the risks and do not make spontaneous decisions.Read more: Bulls and bears, as well as other animals on the stock ...