AXS price movement: how will the Origin launch impact its value?

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Axie Infinity AXS/USD is essentially an Ethereum token that is used to power Axie Infinity, which is a blockchain-based game that enables players the opportunity to battle, collect and build a kingdom alongside their pets.

This token plays a major role within the ecosystem, as the AXS holders can claim rewards for staking their tokens, playing the games, or even participating in any governance votes.

The Origin launch as a catalyst for growth

Axie Infinity Origin is set to launch by the end of Q1, 2022, which is quickly approaching.

Axie Infinity will first launch its Origin update on desktop computers only; however, over time, the update will roll out with more features to mobile platforms as well.

This new version has the goal of attracting more players, increasing retention, and improving the overall fun of the gameplay.

Axie Infinity initially made the announcement on its official Twitter account that Origin (Battles V3) is just around the corner, and the soft launch of this update will come in phases.

Should you buy Axie Infinity (AXS)?

On March 25, 2022, Axie Infinity (AXS) had a value of $73.19.

axs usd 2

In order for us to get a better perspective as to what kind of value point this is for the AXS cryptocurrency token, we will be going over its all-time high value, alongside its performance throughout the span of the previous month.

The all-time high value of Axie Infinity (AXS) was achieved on November 6, 2021, when the token reached a value of $164.90.

Axie Infinity’s (AXS) highest point of value in February was on February 7, when it reached a value of $71.22.

Its lowest value point, on the other hand, was on February 24, when the token decreased to $42.63. This means that the token decreased in value by $28.59 or by 40%.

However, from the span of February 24 to March 25, the token increased in value by $30.56 or by 71%. With all of this in mind, we can expect AXS to reach a value of $77 by the end of March 2022.

The post AXS price movement: how will the Origin launch impact its value? appeared first on Invezz.

from Market Analysis – Invezz

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