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Cryptocurrency price prediction often combines data analysis, market trends, and a touch of speculation. Axie Infinity (AXS), a blockchain-based game that allows players to collect, breed, battle, and trade digital creatures, has been one of the best-performing cryptocurrencies in 2023. The token has increased by more than 1,000% since the beginning of the year, outperforming major coins like Bitcoin (BTC) and Ethereum (ETH).
AXS has also experienced volatility and corrections as market sentiment and demand fluctuate. The token currently trades at below $4.8, with a market cap of $677,290,272. The question is, can AXS recover and reach $5 again soon? According to some analysts and experts, AXS has the potential to resume its uptrend and break above the $5 resistance level.
They cite several factors that could support this bullish scenario, such as the increasing number of active users and revenue generated by the game. According to DappRadar, Axie Infinity boasts 1.4 million daily users and $1.2 billion monthly revenue as of August 2023. This result reflects its robust user base and engagement, potentially driving greater demand for AXS.
Based on CoinCodex, the current sentiment for AXS is bearish, with 26 technical indicators signaling a downward trend and only 3 signaling an upward trend. The site predicts that AXS will drop by -0.59% and reach $4.78 by August 30, 2023. Based on historical price movements and the BTC halving cycles, it also forecasts that AXS could reach as high as $37.69 in 2024 and $47.68 in 2029.
Another source, CryptoNewz, a website that provides crypto news and analysis, made their prediction. From their forecast, AXS could reach $6.09 in 2023, and the maximum price AXS can get is $14.79. It predicted AXS would reach $19.07 by the end of 2025.
Regarding Changelly, the technical analysis of AXS prices expected in 2023 shows that the minimum cost of AXS will be $6.80, and the maximum level will be $7.73, with an average trading price of $7.10. The site also predicts that AXS could reach $9.62 in 2024 and $15.97 in 2030.
Based on these analyses, AXS has a chance to recover from its current low price and chase higher levels in the long term, but it may face some challenges and fluctuations in the short time. Therefore, investors are looking for a crypto project with a bright future. InQubeta (QUBE) has stood out with its promising features, attracting investors to its platform.
InQubeta’s (QUBE) Shines as the Ultimate DeFi Crypto Investment for Portfolio Diversification
InQubeta’s future looks bright as it pioneers a revolutionary approach to AI startup funding as the best DeFi crypto investment for portfolio diversification. Introducing the first crypto crowdfunding platform utilizing the QUBE token has enabled fractional investments in AI startups, making it accessible to a broader range of investors. This deflationary ERC20 token has a unique value proposition: a 2% buy and sell tax for burning wallets and a 5% tax for a reward pool. This structure appeals to crypto investors seeking the best crypto investment for maximizing their gains and rewards through staking.
The role of QUBE tokens doesn’t stop at investment; they’re also designed as governance tokens. This empowers holders to actively engage in the platform’s decision-making processes, fostering a sense of community involvement. As the platform gains traction, demand for QUBE will rise, potentially increasing the token’s value as the best crypto investment platform for significant returns. Investors who hold and stake QUBE tokens can capitalize on price appreciation and rewards from the dedicated pool.
InQubeta has launched its presale for QUBE tokens, which has attracted significant interest from investors looking for the best DeFi crypto to invest in with a bright future for a portfolio boost. The presale is currently in stage 3, with the QUBE token price at $0.0112. The presale has seen over 290 million tokens sold and over $2.3 million raised in funding. After the presale ends, InQubeta will be listed on major exchanges with a minimum projected value of $0.0308.
Conclusion
Axie Infinity and InQubeta are two crypto projects with impressive growth and potential in 2023. While many factors can affect the future performance of these tokens, some analysts and experts have made optimistic predictions for their price, with QUBE standing out as a project with a promising future and potential for investors. With its ongoing presale, investors can join the crypto AI revolution by purchasing the token via the website.
Visit InQubeta Presale
Join The InQubeta Communities
*This article was paid for Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2023/08/31/inqubeta-future-also-looking-bright/