Blockchain game Axie Infinity (AXS) is the surprise hit of recent weeks. The project was able to generate more than 800% profit. Is it over? Or are further price jumps to be expected at AXS? What do analysts say about the short-and medium-term prospects of Axie Infinity?

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“Can definitely go on for a long time”

Full-time trader DaanCrypto is bullish on Axie Infinity in the medium term. The pseudonymous analyst with 113,000 Twitter followers assumes that Axie Infinity (AXS) still has room for improvement, writes in an analysis:

“It can definitely go on for a long time and Axie herself is definitely here to stay.“

He explain also, why:

  • SLP price high- & gt;More people want to play.
  • More people want to play -> Axie price goes up.
  • Axie price goes up- & gt; More Axies are bred.
  • More axies are bred- & gt; More SLP/AXS are burned.
  • More SLP is burned – & gt; SLP/AXS price rises.

All these aspects would reinforce each other, DaanCrypto said. He therefore considers AXS well positioned to see further gains in the medium term. In the short term, however, AXS could experience some pain, warns popular professional trader Michaël van de Poppe in a new video. Currently, Axie Infinity has fallen by around 22% in 24 hours, and the correction could stretch, according to Poppe. If you want to get into AXS, you’d better wait a bit. Dutchman:

“The risk, or downside, is significant in the hunt for a coin like this… that’s way too over-stretched.”

Games like AXS Key to crypto adaptation?

Popular trader Elliot Wainman also shares his take on the Axie infinity hype on Youtube. He thinks long-term, says: Blockchain gaming projects could fuel crypto adaptation. Games are the only thing that is truly decoupled from the crypto ecosystem. Because, according to Weinman:

“When you play a game and enjoy the actual game, it has intrinsic value.“

Thus, Axie Infinity has proven to be a surprise hit, although the rest of the markets are weakening. In fact, AXS has been facing heavy losses since yesterday-but Axie Infinity is still up 82% on the week. According to Wainman, the increase is due to healthy growth in the Axie Infinity ecosystem:

“The Axie Infinity ecosystem has a volume of $ 27 million in its trading market and 24,000 active traders with 49,000 active sales. And only in the last 24 hours.“

If you look at the last 30 days, it would be a volume of 344 million dollars-with 132,000 traders and almost 850,000 trades. Wainman:

“What you’re seeing here is users and user adoption.“

And according to the analyses, these are precisely the key to sustainable success. Because: With the users come the network growth-and network growth in combination with a limited asset generates “most likely asset growth”. Wainman bullish:

“It’s a very, very clear way to increase the value of a crypto ecosystem.“

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