Axie Infinity (AXS) Price Forecast: AXS Reaches Crucial Milestone, Rocket Takes Off!

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Axie Infinity (AXS), with the release of 97,556 Axies managed to reach a significant milestone. In light of all these developments, analysts are optimistic in AXS price and believe that the uptrend will continue.

Axie Infinity recently hit a major milestone with the release of nearly 100,000 Axies. The play-to-win game recently launched the Ronin chain’s governance token, another step towards decentralization of the network.

Axie Infinity was released as a play-to-win game and quickly gained popularity. The launch of Axie Infinity’s governance token has increased the token’s effectiveness on-chain. The sidechain of the Ethereum network, Ronin, is on its way to further decentralization.

Ronin walletIt links over 300,000 active addresses on the Ethereum sidechain. In 2021, Ronin handled 15% of the total NFT transactions.

Analysts evaluated the Axie Infinity price trend and predicted a rebound after the recent price drops. @RAFAEL_A_RIGO, a crypto analyst and trader, Axie Infinity priceHe believes that the price may rise and the current price is in the buy zone.

@AltcoinSherpa estimates the Axie Infinity price drop to be the last jolt before a full recovery in the play-to-win gaming token.

@ssss4321_s, the crypto analyst known by the alias, has noted a “W formation” in the Axie Infinity price trend. The analyst remains optimistic about Axie Infinity and predicts a rally.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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