Axie Infinity price prediction to $0 – It's dumping because of tokens unlock and whales buying Calvaria
Remember when Axie Infinity (AXS) was well above the $100 mark? Looking at it now, it seems like an eternity from when the crypto was that high.
Believe it or not, in November of 2021, it was as high as $165.93. Since that time, it has lost nearly all of its value. As of October 25, 2022, AXS was trading at $9.01, which represents a 94.57% drop in just about 12 months.
There are many reasons why AXS has dropped so low, among them the fact that the entire game of Axie Infinity was built around an economy that was very inflationary. That caused a serious problem -- much like inflation has caused a serious problem in the U.S. and other major economies around the world.
So, how far can AXS go down? Can it really reach the $0 mark and lose all its value?
There really seems to be no end in sight to Axie Infinity's drop. Some people may be thinking it's a good time to jump in on AXS while the price is low, but don't be fooled. The much better option is to invest in a new impressive Play-to-Earn (P2E) crypto project that whales are already jumping on board -- Calvaria (RIA).
Axie Infinity price prediction
Before we dive into the reasons that RIA makes for a far better investment than AXS, let's take a look at where many pundits believe Axie Infinity could go. Some, like the prediction below, have positive outlooks for the crypto, despite its recent precipitous drop.
Below is an Axie Infinity price prediction on where the value could go in the next few years.
| Year | Price |
| 2022 | $7.50 |
| 2025 | $11.43 |
| 2030 | $19.54 |
The model above shows that Axie Infinity does have some potential for growth. If it holds true, it would increase in value by 52.4% between the end of this year and 2025, and then by another 71% between 2025 and 2030. That would represent an overall growth of approximately 161% between the end of 2022 and 2030.
Of course, that is highly unlikely. If crypto investors believed the prediction above, they likely would've already started buying into AXS now, in anticipation of a steep increase in the coming years. Instead, what's happening is that users are continuing to dump Axie Infinity at alarming rates. It's dropped 27.09% in the last month and 17.54% in the last seven days, ending with October 25.
So, what gives?
AXS has proven to be a poor design by its creators. While it was an extremely hot P2E game in the summer of 2021, it wasn't thought out very well. The game eventually started to give out way fewer SLP tokens in rewards in the game, in an effort to clamp down on its inflation. But, that didn't work.
A major issue is that there is no limit to how many Axies can be created. Way more SLP was created than was destroyed. And there's no sustained growth that can match the output, which results in a hard-to-envision increase in value.
This might scare some people off from P2E games, but it shouldn’t. Axie Infinity was poorly designed. So, whales aren't avoiding P2E gaming altogether, they're just shifting their focus to impressive games such as Calvaria: Duels of Eternity.
Calvaria bridging the non-crypto and crypto gap
People who are very familiar with crypto don't have any issue with jumping on a new project -- because they already know what goes into it. Those who aren't familiar with crypto, though, hardly ever jump into the waters because it can be hard to understand.
In other words, try as they might, new crypto projects can't convince non-crypto users to try it out with words, pictures and videos alone.
That's where Calvaria (RIA) is taking an entirely new approach -- and it's working.
RIA is giving non-crypto users a hands-on way to try out crypto gaming. It's offering two games -- a P2E version and a free-to-play version available on mobile phones and PCs. This is allowing Calvaria to reach a wide audience, no matter their initial interest.
Those who play the free version can have all the same fun as those who play the P2E. The educational component comes into play when free game players are shown in real time how they would earn rewards in the P2E version, and just how much they'd be rewarded had they been playing that all along.
This is a great way to "on-board" new gamers to the P2E version, which then gets them interested in purchasing the NFT deck of cards to start.
But, it's not just about getting more users. Calvaria is building a significant use case for its $RIA token, in that it can be used both in the game's ecosystem and also outside of it with its $eRIA token.
Overall, it's a novel concept and one that's catching on right out of the gate.
Don't lose your life savings with AXS; Invest in RIA instead
You might be lured in by the fact that Axie Infinity's price is so low now compared to its all-time high just a year ago. But, don't give in and take the bait. AXS is bound to drop even further, even as some people still have rosy predictions for it in the future.
Whales all around the world are pouring their attention, focus and investments into Calvaria, and for good reason. It's revolutionizing the P2E world with a free-to-play version that's getting non-crypto gamers interested in what it's all about.
In a short amount of time, this battle card game is already catching on. It has sold 40% of its Presale Stage 1 tokens already, with the rest going very quickly. So, if you want to get in on the ground level of Calvaria: Duels of Eternity, you better act now before it's too late.
This article is sponsored by FINIXIO
Author
Alan Draper
Clickout Media LTD
Based in the United Kingdom, Business 2 Community editor Alan is part of the team that’s responsible for ensuring all the content on our site is accurate, relevant and up-to-date.
