$AXS Here's an updated analysis of Axie Infinity (AXS) as of May 11, 2025:
#project no dought
#watch chart..
🔹 Project Overview
Axie Infinity is a blockchain-based game where players collect, breed, and battle fantasy creatures called Axies. The platform utilizes two primary tokens:
AXS (Axie Infinity Shards): Used for governance, staking, and certain in-game purchases.
SLP (Smooth Love Potion): Earned through gameplay and used for breeding Axies.
The game operates on the Ronin sidechain, enhancing scalability and reducing transaction fees compared to the Ethereum mainnet.
📊 Current Market Data
As of May 11, 2025:
Price: $3.13 USD
24h Change: +0.07931%
24h High / Low: $3.22 / $2.89
Market Cap: Approximately $502 million
24h Trading Volume: Around $26.48 million
Circulating Supply: Approximately 161.29 million AXS
📈 Technical Analysis
AXS has been experiencing a prolonged bearish trend since late 2022, with prices moving sideways throughout 2023, indicating a consolidation phase. Recent technical indicators suggest:
Support Level: Around $1.50
Resistance Levels: Approximately $3.50 and $5.00
Moving Averages: The 200-day moving average is trending downward, indicating a weak long-term trend.
🔮 Price Predictions
Various analysts have provided forecasts for AXS's price in the coming years:
2025: Predictions range from a minimum of $2.30 to a maximum of $5.93, with an average around $3.40.
2030: Estimates suggest a potential high of $24.42, depending on market conditions and project developments.
⚠️ Risks and Considerations
Token Unlocks: A significant token unlock occurred on April 12, 2025, releasing over 5% of the total supply, which contributed to price declines.
Market Competition: The blockchain gaming sector is highly competitive, with new projects emerging regularly.
Regulatory Environment: Changes in cryptocurrency regulations could impact AXS's adoption and price.