KOL Coin Bureau: $ 100 is a reasonable price expectation for AXS
Coin Bureau analyst Guy is investigating the blockchain-based recreation and token Axie Infinity (AXS).
Guy to speak With its 1.1 million YouTube subscribers, that the price of AXS is more likely to rise considerably increased for the remainder of the yr, so long as the blockchain-based recreation maintains its rising recognition.
“In terms of year-end goals, I think $ 100 is a reasonable expectation and will continue to become more reasonable as Axie Infinity continues to gain widespread user adoption.”
At the time of writing, AXS is trading at $ 42.9, in response to TradingView.
The analyst highlighted two basic elements that he believes may help Axie Infinity’s bullish transfer by means of to year-end.
“AXS has a medium market capitalization, which provides it extra room for development in comparison with different cryptocurrencies. In addition, AXS ‘long-term lockout plan will assist keep away from the intense influence of the sell-off on the workforce, consultants and particular person buyers. “
Source: Mint Office
Another vital issue that may contribute to the long-term success of blockchain-based video games is, in response to Guy:
“Whenever the person comes throughout an imperfect design, Axie Infinity instantly discards it with out hesitation and strives to create one other product that meets the requirements. This stage of dedication to consistency, high quality, and group is uncommon each inside and outdoors the crypto area, and that is what primarily makes Axie Infinity so profitable. “
Guy added that Axie Infinity has the potential to carry crypto to the plenty.
“Axie Infinity has plenty of room to grow and could bring crypto into the mainstream.”
According to Dailyhodl