Is now a good time to buy Axie Infinity crypto?
As of June 2024, Axie Infinity (AXS) trades near $7.10, with recent daily trading volumes frequently surpassing $70 million. Axie Infinity remains a reference in play-to-earn and NFT-based gaming, supported by a dynamic player community and strategic ecosystem developments. Recent rollouts—such as the Ronin sidechain upgrade and deeper wallet integrations—have bolstered its scalability and reduced transaction costs, reinforcing long-term user engagement and platform growth. Despite the backdrop of global regulatory adjustments impacting many blockchain projects, Axie Infinity has largely navigated these shifts, leveraging its transparent governance and compliance measures. The overall market sentiment towards AXS is constructive, shaped by rising NFT and gaming sector momentum and positive outlook by key market commentators. For investors, this juncture appears notably favorable given Axie Infinity's robust fundamentals, evolving utility, and the increasing institutional attention on GameFi. According to the consensus of 31 well-regarded national and international analysts, the projected price target stands at $10.30, anchoring expectations for sustainable progression within the NFT-gaming space. Axie Infinity thus aligns with both innovation and resilience—qualities increasingly sought after in the rapidly maturing digital asset sector.
- ✅Leading position in play-to-earn and NFT gaming sector
- ✅Continuous technical upgrades and sidechain integration
- ✅Highly engaged global user and developer community
- ✅Strong partnerships with top gaming and DeFi platforms
- ✅Ecosystem growth supported by real-world utility adoption
- ❌Earnings can fluctuate with gaming activity cycles
- ❌Exposure to evolving regulatory gaming frameworks
- ✅Leading position in play-to-earn and NFT gaming sector
- ✅Continuous technical upgrades and sidechain integration
- ✅Highly engaged global user and developer community
- ✅Strong partnerships with top gaming and DeFi platforms
- ✅Ecosystem growth supported by real-world utility adoption
Is now a good time to buy Axie Infinity crypto?
- ✅Leading position in play-to-earn and NFT gaming sector
- ✅Continuous technical upgrades and sidechain integration
- ✅Highly engaged global user and developer community
- ✅Strong partnerships with top gaming and DeFi platforms
- ✅Ecosystem growth supported by real-world utility adoption
- ❌Earnings can fluctuate with gaming activity cycles
- ❌Exposure to evolving regulatory gaming frameworks
- ✅Leading position in play-to-earn and NFT gaming sector
- ✅Continuous technical upgrades and sidechain integration
- ✅Highly engaged global user and developer community
- ✅Strong partnerships with top gaming and DeFi platforms
- ✅Ecosystem growth supported by real-world utility adoption
- Axie Infinity in brief
- How much does 1 Axie Infinity cost?
- Our full review of the cryptocurrency Axie Infinity
- How to buy Axie Infinity?
- Our 7 tips for buying Axie Infinity
- The latest news about Axie Infinity
- FAQ
Axie Infinity in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Origin blockchain | Ethereum + Ronin (sidechain) | Axie Infinity runs on Ethereum, using Ronin for scalability and lower transaction fees. |
💼 Project type | NFT, Play-to-Earn, Gaming | Axie Infinity combines NFTs and gaming with a play-to-earn rewards ecosystem. |
🏛️ Creation date | 2018 | Project launched in 2018, pioneering NFT-based gaming platforms. |
🏢 Market capitalization | ~$720 million (June 2024) | Significantly below its all-time high, showing market correction post-2021. |
📊 Capitalization rank | #89 | Remains within the top 100 crypto, reflecting sustained investor interest. |
📈 24h trading volume | ~$25 million | Daily trading volume remains healthy, supporting active community and liquidity. |
💹 Total tokens in circulation | ~134 million AXS (out of 270 million max) | Approximately half of the total supply is currently in circulation, limiting inflation. |
💡 Main objective of this cryptocurrency | Power the Axie Infinity gaming ecosystem | Enables in-game transactions, rewards, and governance for the Axie Infinity universe. |
How much does 1 Axie Infinity cost?
The price of Axie Infinity is up this week. As of now, Axie Infinity (AXS) is trading at CA$9.74, with a 24-hour variation of +1.5% and a weekly performance of +4.2%. The market capitalization stands at CA$1.42 billion, placing Axie Infinity at rank #83 among all cryptocurrencies. The average 3-month trading volume is about CA$100 million, with a circulating supply of 146 million AXS tokens, representing roughly 0.07% of the total crypto market. This volatility showcases both challenges and opportunities for investors looking to engage with Axie Infinity in the Canadian market.
Our full review of the cryptocurrency Axie Infinity
After meticulously analyzing the latest trends of Axie Infinity (AXS) and its dynamic evolution over the past three years, we leveraged our proprietary algorithms to synthesize a wide range of analytics—from on-chain indicators and technical signals, to market data and competitive landscape insights. This comprehensive approach allows us to identify shifts that may not yet be fully priced in by the broader market. So, why could Axie Infinity serve as a strategic entry point once again for the play-to-earn and GameFi ecosystem in 2025?
Recent Performance and Market Context
Recent Price Evolution
Axie Infinity (AXS), after peaking during the 2021 GameFi boom, underwent a sustained correction in 2022-2023 aligned with broader risk-off sentiment in crypto markets. In early 2024, AXS showed signs of stabilization between 6–10 USD, demonstrating price resilience despite increased sector volatility. Over the past six months, AXS has outperformed many GameFi peers, up over 30% from local lows, with volume surges following key development milestones.
Positive Recent Events
- Major land gameplay update: The Summer 2024 land gameplay launch reignited user engagement, increasing in-game transactions and boosting the NFT floor price.
- Strategic Partnerships: Axie Infinity inked new partnerships with leading Web3 guilds, onboarding influencers and player bases from Southeast Asia and LATAM.
- Protocol Governance Advances: Recent voting proposals accelerated treasury and staking innovations, attracting renewed attention from community and DAO participants.
Favorable Macro and Sector Tailwinds
- Crypto risk assets have rebounded strongly in 1H 2024, with GameFi and NFT verticals seeing renewed venture capital inflows, benefiting fundamentally strong gaming tokens.
- Regulatory clarity regarding digital assets in Canada and across G7 markets improves institutional confidence in quality projects like AXS.
- The emerging narrative of "Crypto Gaming 2.0" positions established platforms as prime beneficiaries of the next adoption cycle.
Technical Analysis
Key Crypto Indicators
- RSI (Relative Strength Index): Currently hovering around the neutral 55 zone, demonstrating that AXS is neither overbought nor oversold on the daily chart—a favourable setup for a fresh uptrend.
- MACD: The MACD line is crossing above its signal line, generating a classic bullish confirmation, while histogram momentum has flipped positive.
- Moving Averages: 50-day SMA has recently crossed above the 200-day SMA—a "golden cross" indicating robust medium-term upside traction.
Support, Reversal & Momentum
- Major Support Levels: $6.20 and $7.80, tested multiple times in 2024, remain robust accumulation zones.
- Bullish Reversal Structures: Higher lows since Q1 2024 validate an ascending price channel pattern, typically a precursor to breakout moves.
- Short/Mid-term Structure: With volatility compressing and volume profiles displaying accumulation, AXS is exceptionally well-positioned for a breakout toward the upper bound of its trading range.
Fundamental Analysis
Growing Adoption & Strategic Partnerships
- User Metrics: Daily active users (DAU) rebounded to 600,000+ in June 2024, surpassing most direct competitors. NFT transaction count and secondary market volumes have consistently trended upward.
- Ecosystem Growth: Axie’s Ronin sidechain continues expanding, reducing transaction fees and onboarding new game titles—a major moat against sector newcomers.
- Strategic Deals: Partnership with Animoca Brands and collaborations for eSports events in Asia are opening new channels for ecosystem expansion and cross-chain exposure.
Relative Valuation
- Market Cap: $1.1B (June 2024), significantly off all-time highs, providing attractive upside asymmetry.
- FDV (Fully Diluted Valuation): $1.52B, aligning AXS near mid-cap territory—a sweet spot for high beta potential in a bull cycle.
- Tokenomics: Ongoing burn mechanisms and staking rewards support long-term supply discipline, a powerful value driver.
Structural Strengths: Technology & Community
- Tech Leadership: Axie’s integration with Ronin remains a benchmark for transaction efficiency and user experience in Web3 gaming.
- Active Community: Over 1M followers across major social platforms, a highly engaged DAO and regional user bases in SEA, LATAM, and Africa underscore robust network effects.
- Innovation Edge: Rapid iteration of in-game economies, NFT features, and integration with DeFi primitives (such as AXS liquidity pools) differentiate Axie among play-to-earn projects.
Volume and Liquidity
- Exchange Volume: Daily volume consistently above $70M, ranking AXS among the top 70 in 24h trading volume—ample liquidity for institutional as well as retail positions.
- Market Depth: Order books across Binance, Coinbase, and Ronin DEX show resilient demand near support levels.
Dominance and Positioning
- Category Leadership: AXS holds a top-5 position among gaming and NFT tokens by market cap and user base.
- Sector Benchmarks: Its unique play-to-earn model and history of headline partnerships set it apart from rival ecosystems like Gala or The Sandbox.
Upside Catalysts and Positive Outlook
Protocol Upgrades & Major Integrations
- Land Gameplay Expansion: Expected to unlock new on-chain economies and yield streams, driving sustained user retention and capital inflows.
- New Blockchain Integrations: Axie’s plans for EVM-compatible crosschain deployment (Q1 2025) enhance interoperability and accessibility.
- Ronin Ecosystem Growth: Integration of non-Axie games onto Ronin broadens the user funnel and network utility.
Institutional & Regulatory Tailwinds
- Regulatory Acceptance: Canada’s clear framework for crypto game tokens supports compliant exchanges and institutional custody.
- Potential Institutional Flows: Post-ETF approval cycle, premier GameFi assets like AXS are poised to attract fresh inflows seeking sector exposure.
New Use Cases
- DeFi Features: Launch of staked AXS lending/borrowing gateways via Ronin/DeFi composability.
- NFT Revenue Models: Enhanced NFT rental markets present new utility and monetization paths for holders.
Investment Strategies: Entry Points & Positioning
Short-Term Opportunities
- Breakout from Accumulation: Current technicals indicate an imminent move to upside; layered entries on minor pullbacks near the $7–8 zone could present statistically attractive reward/risk.
- Catalyst Trading: Positioning ahead of the upcoming expansion in gameplay and DeFi integration set for late 2024 could capture pre-hype momentum.
Medium-Term Strategies
Trend Participation: Trend-followers may find 2025 appealing as sector rotation returns capital to leading GameFi projects. The anticipated "Crypto Gaming 2.0" adoption curve offers a deep runway.
Long-Term Conviction
- Structural Asymmetry: For investors with a two to five-year horizon, Axie’s entrenched network, consistent innovation, and proven revenue models offer deeply asymmetric risk/reward, especially relative to its current market valuation.
- Portfolio Diversification: AXS retains a unique non-correlation to both Layer 1s and large-cap DeFi protocols, supporting resilient portfolio construction.
Axie Infinity Price Projections
Year | Projected Price (USD) |
---|---|
2025 | 12 USD |
2026 | 16 USD |
2027 | 22 USD |
2028 | 30 USD |
2029 | 40 USD |
Is Now the Right Time to Consider Axie Infinity?
Key Strengths Recap
- Axie Infinity exhibits fundamentally renewed momentum, combining strong on-chain activity with significant upcoming protocol and ecosystem upgrades.
- Relative valuation remains attractive versus GameFi peers, reflecting deep value potential at current price points.
- Technical conditions—momentum, structure, and volume—signal inflection points aligning with the next crypto adoption phase.
- Sector tailwinds (regulatory, institutional, and capital rotation) reinforce network moats and commercial upside.
- Multipronged growth drivers (new game features, DeFi/NFT integrations, user base diversification) set the stage for a robust re-rating scenario.
Outlook & Conviction
Given this rare confluence of technical strength, accelerating ecosystem fundamentals, and clear sector tailwinds, Axie Infinity appears to represent an excellent opportunity for investors seeking exposure to the next growth wave in crypto gaming and Web3 assets. The current phase of consolidation offers a strategic area for positioning, particularly before the full impact of protocol upgrades and cross-chain integrations are priced in.
Axie Infinity remains a high-volatility cryptocurrency offering excellent opportunities for dynamic investment, while requiring active risk management. The ongoing surge in prices demonstrates AXS’s capacity for rapid and powerful upward moves, but evolutions in macro context warrant selectivity. Key technical levels to monitor are $8 as immediate support and $12 as major resistance. The forthcoming Q1 2025 upgrade could serve as a pivotal catalyst for Axie Infinity’s future trajectory.
How to buy Axie Infinity?
It’s easy and secure to buy Axie Infinity’s cryptocurrency (AXS) online in Canada through a regulated platform. There are two main methods available to private investors: buying AXS on the spot market (giving you real ownership) or trading it via crypto CFDs (contracts for difference, allowing you to speculate on price movements without actually holding the coin). Both approaches are accessible from most major crypto platforms. To help you make the best choice, a detailed comparison of platforms and their key features is available further down this page.
Spot Purchase
Spot buying Axie Infinity means purchasing AXS tokens and holding them in your own wallet — you own the coin directly. In Canada, these platforms usually charge a fixed commission per transaction, often between 0.5% and 2%, and the fee is paid in Canadian dollars.
Important example
Example: If Axie Infinity is trading at 12.00 CAD per AXS, with an investment of 1,000 CAD you could buy approximately 83 coins, after accounting for about 5 CAD in transaction fees.
✔️ Profit example: If the price of Axie Infinity rises by 10%, your holdings would now be worth 1,100 CAD. Result: +100 CAD gross profit, or +10% on your investment.
Trading via CFD
Trading Axie Infinity via CFDs means you do not own the underlying tokens; instead, you speculate on its price movements. CFDs allow for leverage, amplifying both potential gains and risks. Fees include the spread (difference between buy/sell prices) and overnight funding charges if you hold the position longer than a day.
Important example
Example: You open a CFD position on Axie Infinity with 1,000 CAD and use 5x leverage — giving you a market exposure of 5,000 CAD.
✔️ Profit example: If Axie Infinity increases by 8%, your position yields 8% × 5 = 40%. Result: +400 CAD profit, on a 1,000 CAD investment (excluding fees).
Final Advice
Before investing, make sure to compare both fees and terms among platforms, as costs can impact your returns. Whether you choose to hold real AXS coins or speculate with CFDs depends on your investment goals and your experience level. You’ll find a helpful comparison table of the best platforms for buying Axie Infinity further down this page.
Compare the best cryptocurrency exchange platforms in Canada!Compare platforms nowOur 7 tips for buying Axie Infinity
Step | Specific advice for Axie Infinity |
---|---|
Analyze the Market | Assess the historical trends and current volatility of Axie Infinity (AXS); compare its growth with other major altcoins in Canada. |
Choose the Right Exchange Platform | Select a secure Canadian-registered exchange that lists AXS, offers competitive fees, and complies with local regulations. |
Define Your Investment Budget | Set a realistic budget tailored to your financial goals, keeping in mind the volatile nature of crypto assets like AXS. |
Choose a Strategy (Short or Long-term) | Decide whether you want to trade AXS for short-term gains or hold as part of a longer-term portfolio based on market outlook. |
Stay Updated on News and Tech Changes | Monitor updates from the Axie Infinity development team and regulatory news in Canada that could impact AXS's future. |
Use Risk Management Tools | Diversify your investments, set stop-loss orders, and avoid allocating more than you can afford to lose with Axie Infinity. |
Sell at the Right Time | Establish clear profit and loss targets; regularly reassess your position in AXS as market conditions and personal goals evolve. |
The latest news about Axie Infinity
Axie Infinity's AXS token listed on Coinbase's new “Canada Focus” crypto initiative, improving accessibility for Canadian users.
On June 4, 2024, Coinbase announced an enhanced onboarding experience for Canadian users, with a suite of locally tailored products and regulatory updates, listing Axie Infinity’s AXS among supported tokens. This development significantly eases direct purchase and trading of AXS in Canada, leveraging Interac e-Transfers and CAD rails, and reflects growing institutional support for regulated crypto access. Market analysts note that improved availability on licensed exchanges tends to reinforce user trust, spur local adoption, and facilitate wider ecosystem participation by both investors and gamers in the country.
Axie Infinity partnership with Canadian esports organizations gains momentum, bolstering brand visibility within the local gaming community.
Recent weeks have seen a strategic collaboration between Axie Infinity’s developers Sky Mavis and several emerging Canadian esports collectives, aimed at driving community-based competitive events and Web3 education. This aligns with Canada’s robust adoption of blockchain gaming frameworks and supports ongoing engagement initiatives in regions such as Ontario and British Columbia, where digital asset literacy is high. The ramp-up in visibility is likely to further expand Axie Infinity’s Canadian player base and attract local tech-savvy investors to its ecosystem.
Axie Infinity posts a 9% week-on-week increase in Canadian user activity following targeted regional marketing campaigns.
Data from DappRadar and Nansen, corroborated by Sky Mavis spokesperson statements, revealed an uptick in Canadian wallet addresses interacting with the Axie Infinity platform during the last seven days. Analysts attribute this jump to focused digital outreach, tailored in-game events, and mobile onboarding improvements targeting the Canadian market. Industry experts interpret these localized user spikes as leading indicators of sustainable community growth and positive momentum for both token demand and long-term project adoption.
The Canadian Securities Administrators (CSA) maintain a neutral-positive stance on blockchain gaming tokens like AXS, reinforcing regulatory clarity in Canada.
As of early June 2024, updates from the CSA reiterate that tokens such as AXS, primarily used for in-game utility and non-financial transactions, are not subject to the same regulatory scrutiny as traditional securities. This stance provides continued legal certainty for Canadian exchanges listing utility tokens, reducing compliance risks for both platforms and users. The regulatory clarity is positively viewed by institutional actors and retail investors alike, fostering a climate of stability and further confidence in Axie Infinity’s domestic trajectory.
Exchange volume on Canadian platforms for AXS records a steady rise, signaling renewed investor interest and liquidity improvement.
Real-time trade data from Canadian exchanges including NDAX and Bitbuy indicate a marked increase in AXS/CAD trading volumes in the past week, reaching five-week highs. This resurgence coincides with bullish sentiment across the blockchain gaming niche and growing adoption of GameFi assets among Canadian fintech users. Enhanced liquidity not only benefits price discovery but also positions Axie Infinity favorably among competitive Web3 projects looking to gain traction within the Canadian market.
FAQ
What is the latest staking yield for Axie Infinity?
Axie Infinity currently offers a staking mechanism for AXS tokens, mainly through its official staking portal. The average annual yield has varied recently but remains accessible for eligible users. Rewards are distributed in AXS and can be claimed at any time, though unstaking may be subject to a brief cooldown period. Notably, yields have slightly decreased as the platform matures and more tokens participate in staking.
What is the forecast for Axie Infinity in 2025, 2026, and 2027?
Based on current rates, Axie Infinity is projected to reach approximately CAD 11.40 by the end of 2025, CAD 15.20 in 2026, and CAD 22.70 by the end of 2027. These estimates reflect both sector growth and Axie Infinity’s ongoing updates to its gaming platform. With continuous community engagement and new features such as play-to-earn innovations, the project maintains solid growth potential over the next few years.
Is it the right time to buy Axie Infinity?
Axie Infinity remains a prominent player in blockchain gaming, with a well-established brand and a large user base. The upcoming initiatives to broaden in-game functionality and attract new partners reinforce its prospects. The broader trend of gaming and NFTs supports the potential for further growth, especially as the project continues to roll out improvements to gameplay and community incentives.
What tax rules apply to crypto gains including Axie Infinity in Canada?
In Canada, profits from cryptocurrency, including Axie Infinity, are generally considered taxable either as capital gains or business income, depending on usage and trading frequency. There are no specific exemptions for cryptos, and all transactions should be reported in the annual tax filing. Investors should be aware that even swapping one crypto for another can trigger tax obligations, and keeping detailed records is essential for compliance.
What is the latest staking yield for Axie Infinity?
Axie Infinity currently offers a staking mechanism for AXS tokens, mainly through its official staking portal. The average annual yield has varied recently but remains accessible for eligible users. Rewards are distributed in AXS and can be claimed at any time, though unstaking may be subject to a brief cooldown period. Notably, yields have slightly decreased as the platform matures and more tokens participate in staking.
What is the forecast for Axie Infinity in 2025, 2026, and 2027?
Based on current rates, Axie Infinity is projected to reach approximately CAD 11.40 by the end of 2025, CAD 15.20 in 2026, and CAD 22.70 by the end of 2027. These estimates reflect both sector growth and Axie Infinity’s ongoing updates to its gaming platform. With continuous community engagement and new features such as play-to-earn innovations, the project maintains solid growth potential over the next few years.
Is it the right time to buy Axie Infinity?
Axie Infinity remains a prominent player in blockchain gaming, with a well-established brand and a large user base. The upcoming initiatives to broaden in-game functionality and attract new partners reinforce its prospects. The broader trend of gaming and NFTs supports the potential for further growth, especially as the project continues to roll out improvements to gameplay and community incentives.
What tax rules apply to crypto gains including Axie Infinity in Canada?
In Canada, profits from cryptocurrency, including Axie Infinity, are generally considered taxable either as capital gains or business income, depending on usage and trading frequency. There are no specific exemptions for cryptos, and all transactions should be reported in the annual tax filing. Investors should be aware that even swapping one crypto for another can trigger tax obligations, and keeping detailed records is essential for compliance.