What is Axie Infinity Crypto?

What is Axie Infinity? Axie Infinity is a digital pet community, in which you buy creatures – called Axies – and use them to battle, explore and breed with other Axies. It’s developed by the gaming company Sky Mavis and runs through the cryptocurrency Ethereum.

What is Axie Infinity coin used for?

Axie Infinity tokens (AXS) and Smooth Love Potion (SLP) are both used in-game in the Axie universe to breed and trade Axies, which can in turn be used to generate more of these tokens through trade and gameplay.

Does Axie Infinity have a coin?

Axie Infinity (AXS) tokens have a total supply of 270 million tokens. Out of this, around 53.5 million tokens were in circulation as of mid-November 2020.

Is Axie Infinity good investment?

Axie Infinity (AXS) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of AXS in the past few months, AXS is considered a good investment in 2022, and the price is expected to reach an average value of $22.47 with a minimum value of $21.53.

Will AXIE price go up?

Digital Coin Price: Digital Coin Price has revised its AXS price prediction. According to the analysts the price will reach $14.96 by 2022. And rally further to cross $29.41 by the end of 2023. That said, the forecast expects the price to hit a maximum of $51.98 by the end of 2025.

How many AXS is 1 SLP?

1 AXS = 3,705.82 SLP This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Is Axie profitable?

How Players Generate Income. To play, gamers need to purchase three Axies, which can cost around $350 each (as the game’s popularity has increased, the cost of Axies has risen). Players can earn about $10-50 worth of digital assets per day by playing the game. Players can also earn by selling SLPs or Axies.

Can you lose money in Axie Infinity?

Reckless trading You will definitely lose your Axie Infinity investment if you trade recklessly.

Can I make money playing Axie Infinity?

Each different strategy to earn crypto in Axie Infinity has a wide range of possible profits. Playing the game for many hours a day could earn you anywhere between $8 to $40 a day, depending on your Axies, how long you play and the extra incentives available at that time.

Is Axie Infinity a gambling?

Axie Infinity allows users to cash-out their tokens every fourteen days. This model has been described as a form of gambling, and one with an unstable market that is overly reliant on the inflow of new players.

When was AXS coin launched?

2020. Axie Infinity launched via Binance Launchpad in the first week of November 2020 and started trading at 0.18 USD.

Who is the owner of Axie Infinity?

Trung Nguyen – Co-Founder and CEO – Axie Infinity | LinkedIn.

Will SLP coin go up?

Generally speaking, SLP’s price won’t rise higher than $1 in one or five years. The token has a good use case, well-designed tokenomics and a solid team behind it. However, since its peak in July 2021, the token has been plagued by a bearish trend, which is not likely to change in the first half of 2022.

Will AXIE bounce back?

It indicates that Axie Infinity tokens will most likely rebound and rise above $165 by May 2022 before extending this upswing and reaching $1160 in December 2025.

Is SLP a good coin?

WalletInvestor agrees with CoinCodex, stating that SLP is a bad buy for a one-year investment. Its SLP coin price prediction expects the token to continue losing its value in 2022, dropping to $0.0006 in a year.

Which crypto to buy now?

  • Bitcoin (BTC)
  • Ether (ETH)
  • Solana (SOL)
  • Avalanche (AVAX)
  • Binance Coin (BNB)
  • Cosmos (ATOM)
  • Filecoin (FIL)

Will AXS go up 2022?

With continuous improvements in the Axie Infinity Network, we can say that 2022 is a good year for AXS. For this reason, the bullish price prediction of Axie Infinity (AXS) in 2022 is $67.66. On the other hand, the bearish price prediction of Axie Infinity (AXS) price prediction for 2022 is $ 11.68.

What will AXS be worth in 2030?

Axie Infinity price prediction December 2030: Axie Infinity’s price for December 2030 according to our analysis should range between $1306.88 to $1503.62 and the average price of AXS should be around $1405.25.

How much SLP can I earn per day?

There is a Daily Quest that resets daily where you can earn 50 SLP as a bonus. You can get this free SLP by winning 5 times in PVP and 10 times in PVE. In PVE, you can earn up to a maximum of 100 SLP per day. Meaning, realistically, you can earn 150 SLP per day at the minimum.

How is Axie today?

Axie Infinity’s price today is US$13.13, with a 24-hour trading volume of $84.46 M. AXS is -3.40% in the last 24 hours. It is currently -3.89% from its 7-day all-time high of $13.66, and 12.50% from its 7-day all-time low of $11.67. AXS has a circulating supply of 83.06 M AXS and a max supply of 270 M AXS.

How much is Axie today in Philippines?

Axie Infinity to Philippine Peso Data The AXS to PHP conversion rate today is ₱715.27 and has increased by 2.25% in the last 24 hours.

Is AXIE losing?

Earlier this year, Axie Infinity lost $625 million USD in cryptocurrency to Lazarus Group which is a cybercrime group based in North Korea.

Why did Axie Infinity fail?

Axie Infinity failed to fulfill players’ expectations on income and investment goals | NFTandGameFi.

How long Axie Infinity will last?

It might last three years, three months, or three days, but at some point, it will eventually crash under its own weight – Not unlike a Ponzi scheme.

How much does Axie Infinity make per day?

A Google search tells you that Axie infinity players can make anywhere between 8$ and 40$ daily, averaging 24$ daily. On average, an Axie Infinity player will earn around 720$ monthly.

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