Coin Bureau Is Very Bullish On AXS – Axie Could Take Crypto Mainstream
The host of the popular crypto YouTube channel, Coin Bureau, is giving the blockchain-based game and token Axie Infinity (AXS) a very positive outlook.
Coin Bureau host, known simply as ‘Guy’, shares with 1.1 million YouTube subscribers his prediction on the AXS price. According to Guy, AXS will likely move significantly higher before the end of the year, as long as the blockchain-based game sustains its rising rate of adoption. Or in other words grows in numbers of players.
“In terms of how high AXS could go by the end of the year, I reckon $100 is a more and reasonable expectation, especially if Axie Infinity continues to see user adoption.”
At time of writing, AXS is trading at $40, according to CoinMarketCap.
Guy points out two fundamental factors that could support Axie Infinity’s uptrend until the end of the year: medium size market cap and lengthy vesting schedule.
“It certainly helps that AXS has a medium-size market cap, meaning it has a lot of room to grow compared to other cryptos. Not only that, but AXS’ lengthy vesting schedule means it’s unlikely to see any serious price suppression from selling by the team, advisors and private investors.”
According to the show host, another key factor that could contribute to the long-term success of the blockchain-based game:
“When something they built was anything less than perfect for their users, they scrapped it without hesitation and tried something else. This level of commitment to consistency, quality and community is very rare both inside and outside of cryptocurrency, and it’s fundamentally what Axie Infinity owes its success to.”
According to Guy, Axie Infinity has the potential to take cryptocurrency to the mainstream.
“There’s still so much room for Axie Infinity to grow, too, and it might just be the killer [decentralized application] that will take cryptocurrency mainstream.”
