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      Metaverse Game – Axie Infinity (AXS) - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 7, 2021

      7:01 AM UTC

      Metaverse Game – Axie Infinity (AXS) - Stocks Telegraph

      Axie Infinity (AXS) is a trade and battling game in which the players are the ones in charge. AXIE is a game that allows players to gather, sell, and breed token-based animals called AXIE. The monsters are NFTs with varying strengths and values that can be deployed to fight other players in various conflicts. The more victories you have, the more experience points you gain, and the stats of those animals evolve as a result, your NFT becomes more rare and valuable.

      SLP & AXS Tokens

      AXS and SLP are the two tokens in the AXIE Infinity ecosystem. The AXS (Axie Infinity Shard) is used to shape the ecosystem and determine how the project will progress. The in-game token SLP (Smooth Love Potion) is earned by the players and can be used to produce new monsters known as AXIES. Because the game is run on the ERC network, both tokens are ERC-20 and transferable, and each AXIE is represented by an ERC-721 NFT (Non Fungible Token).

      AXS Uses

      It has governance power because it is utilized to develop the platform itself. The staking system was supposed to be implemented in the first quarter of 2021, however the project is still in the works. AXS may be purchased on a variety of exchanges, including Binance, Huobi, FTX, and Coinbase.

      Price Movement – Axie Infinity 

      At the time of writing AXS is being traded at the price of $98.47 with a decrease of almost 15.75% in the last 24 hours. AXS is a really strong token fundamentally. The maximum and minimum today are $118.10 and $95.64 respectively. The daily trading volume has also increased by almost 27.344%. AXS had created its ATH in November 2021 and reached a price of almost $166.09. During the crash, the price later dropped down to a price of $1.81 in the month of May 2021. The price on the higher time frames is showing healthy retracement after such a parabolic movement. This month the price has lost about 27.82%.

      Price Prediction – Axie Infinity (AXS)

      AXS is a really strong token. We can expect growth in the price in the future. According to wallet investor AXS is expected to reach a value of around $412.071 in a year and is expected to reach a value of $1638.60 in five years. This shows that the metaverse games will be valued at much more in the near future.

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