Axie Infinity Going to Zero? AXS Price Tanks In Crypto Crash – What’s the Next Big Crypto Game?
Since having one of the most explosive bull cycles of all time in the last crypto bull run, the Axie Infinity price has been stuck in a bearish downtrend, even with its Origins crypto game being accepted on the Apple app store earlier this year.
Predicting what the next big crypto game is can be a difficult task, as play-to-earn fans are always seeking out the next big thing to earn passive income while gaming.
In this post we ask if Axie Infinity is going to zero and virtually dead for the forseeable future, or if the AXS price can bounce back. We also highlight a trending crypto presale token with more upside potential that powers a price prediction and analytics platform.
$YPRED is the native coin of yPredict, an AI-based tool for traders to predict market movements and find the next big crypto, or even the next Axie Infinity style gaming crypto coin.
What you'll learn 👉
Axie Infinity Price Prediction – New Lows Then Zero?
Was Bloomberg right this time last year when they called the Axie Infinity game a disaster? In June 2022 the paper stated that the hyped billion-dollar crypto gaming startup had ‘promised riches’ but not delivered.
Since their bearish Axie Infinity price prediction, the $AXS token market cap has dropped well under the $1 billion level, to almost half that – today $575 million with the AXS price struggling at $4.90.
The 2022 lows, and deepest point the Axie Infinity price has hit since its top, was in November 2022 around the time of the FTX collapse, at which point AXS coin dipped to $3.99 on Binance.
With the SEC now suing Binance and Coinbase and labelling many cryptocurrencies unregistered securities, it’s possible that AXS and many altcoins will make new lows in 2023. At the time of writing some have, such as Chainlink (LINK).
AXS Price Chart
The Axie Infinity ICO price and its November 2020 listing price on Binance, was $0.10.
Measured from that point to its all time high of $166.09 hit in November 2021 – when Bitcoin also hit its all-time high of just over $69,000 – the Axie Infinity price pumped over 165,000%.
Showcasing how important it is to take profit and follow the trading mantra of ‘buy low, sell high’, since then the AXS price has dumped over 97% and still has room to drop with its relatively high market cap compared to newer crypto assets.
In May 2023 Axie Infinity released its Origins card game on the Apple store that doesn’t require players to buy NFTs – which was one criticism of the platform as it created a barrier to entry for crypto gamers on a budget. However that still hasn’t helped the AXS price bounce and recover.
The AXS price has retraced the entire pump it put in when news of the iOS store accepting Axie Infinity broke in Q1 2023. That leaves no bullish catalysts left for AXS, and it really may be headed towards new lows, and then zero.
According to AFK Gaming, the Axie Infinity player base continues to dwindle, last month dropping under one million players for the first time in eight months, now having just over 900,000 DAUs (daily active users).
Also worth noting is the Axie Infinity FDV – fully diluted valuation – is still $1.3 billion as only 43% of AXS tokens are in circulation.
What’s the Next Axie Infinity?
With so many new tokens popping up every week, finding the ones with the highest potential can be difficult – that’s where yPredict and its native token $YPRED come in.
As well as being a new low market cap coin currently on presale, YPRED token powers an algorithmic crypto price prediction platform for traders looking for the next AXS, next Dogecoin, next Shiba Inu or next Pepe.
The presale currently ongoing at ypredict.ai has now raised over $2.25 million in seed round funding from early investors, looking for high upside when it goes to ICO later this year.
Holding the YPRED token also comes with added utility alongside its potential gains once listed on exchanges. Holders unlock access to all the platform’s suite of analytics tools, including in-depth research into the tokenomics of upcoming crypto games and NFT projects.
Crypto influencers such as Jacob Bury have speculated that yPredict could be the next 10x crypto to watch in 2023, given the high level of interest in its presale which is expected to sell out soon.
