- Analyst suggests Axie Infinity presents a potential buying window, hovering near established support levels dating back to 2022-2024.
- Price targets range from conservative estimates of $20-$55, while a return to its peak of $435 could signify gains as high as 16,253%.
After a period of relative quiet, Axie Infinity (AXS) is garnering renewed attention. According to crypto market observer Master Ananda, the play-to-earn token is currently situated in what he terms a “strategic accumulation zone.” The AXS price is currently testing a robust support zone established between 2022 and 2024. Ananda believes this price level may be short-lived and represents a unique entry point. He speculates that once demand strengthens, such low prices may not be seen again.
Notably, the price of AXS has seen upward momentum in the past month, demonstrating a 19.82% increase. However, the last 24 hours have witnessed a slight retracement of 3.97%, attributed to profit-taking by investors. Currently, AXS is trading around $2.68. While some may view this as a modest valuation, patient investors might find it an attractive entry point.
Axie Infinity: From Pragmatic Predictions to Ambitious Aspirations
Master Ananda tempers his optimism with realistic expectations. He suggests that a return to its previous base level is a reasonable initial target. Should market conditions remain favorable, AXS could potentially surpass $20 (a 677% increase), then $32 (an 1,111% jump), and even reach $55, translating to gains of approximately 1,983%.
However, two figures particularly stand out: $268 and $435. Achieving these levels would represent a potential return of up to 16,253%. While acknowledging the ambition of such a target, Ananda believes it warrants consideration, particularly given the dynamic and unpredictable nature of the cryptocurrency market.
Technically, Ananda notes that the current price aligns with the “midpoint” of the significant rally observed in 2021. A bullish signal has also been validated since April 7, 2025. As each asset operates on its own timeline, AXS, currently undervalued, could emerge as a frontrunner. “Everything will grow,” he stated.
Gameplay Enhancements and Token Supply Reductions Fuel Community Enthusiasm
Beyond price forecasts, several project-specific developments are noteworthy. As previously reported, Axie Infinity completed the migration of all legacy accessories to the ERC-1155 token standard on April 22, 2025, utilizing a 1:1 airdrop mechanism.
This shift is more than just technical; it unlocks fresh possibilities for future speculation regarding the worth of these virtual items. It’s conceivable that these vintage accessories could evolve into valuable “artifacts” within the Axie universe.
Additionally, ongoing playtesting of the MMO Atia’s Legacy is introducing novel features such as team-based combat and a refined stat system. This could drive user acquisition, especially in the wake of a 56% year-over-year price decrease for AXS.
The Mystic Axie NFT raffle slated for July 21 is expected to energize marketplace activity. A portion of the proceeds, specifically 4.25%, will be allocated to the community treasury. Furthermore, AXS staking rewards were reduced by 35% on July 1. With a diminished token supply and 29% of AXS tokens still reserved for rewards until 2026, selling pressure may remain tempered for an extended period.
On a related note, derivatives data indicates a 16.77% increase in open interest for the gaming token over the past month. However, AXS’s daily trading volume only rose by 6.64%. This suggests that AXS isn’t experiencing widespread activity currently. This relative inactivity is precisely what some market observers find appealing about the present buying opportunity.
Furthermore, AXS has spearheaded a 180% upswing in social media conversations related to blockchain gaming. Therefore, while the price is comparatively “quiet,” its prominence within the community is demonstrably growing.