NFTs have been deployed by various altcoins to provide proof of ownership over their digital assets since they became popular last year. Axie Infinity (AXS), and The Sandbox (SAND) alternate between second and third place in the NFT market rankings, and crypto experts predict that their prices will reach new all-time highs at some point this year, even as the highly anticipated Explora Chain (EXPL) launches its highly developed NFT marketplace.
In 2021, Axie Infinity (AXS) and The Sandbox (SAND) both enjoyed successes, rewarding their investors with huge returns of around 21,000% and 35,000%, respectively. Both have a play-to-earn gaming component, which attracts a large number of gamers who can earn money by immersing themselves in the metaverse and monetizing their virtual items with NFTs.
Both Axie Infinity (AXS) and The Sandbox (SAND) are working on exciting new developments that will improve their ecosystems in order to maintain market interest. One such development is the recent announcement by Animoca Brands, a subsidiary of The Sandbox (SAND), that they will be adopting ApeCoin (APE), the crypto for the iconic NFT collection, Bored Ape Yacht Club, in honour of their collaboration on a ‘secret project.’ Within days of its launch, ApeCoin (APE) exploded by over 1,000%.
Take a look at what some analysts have to say about the futures of Axie Infinity (AXS) and The Sandbox (SAND).
Price Prediction for Axie Infinity (AXS)
The bearish trend for Axie Infinity (AXS) is expected to continue this year, according to TradingBeasts. AXS is expected to trade below $50 for the majority of 2022, with a low of $36 in November. However, AXS is expected to begin rallying in the long run. According to TradingBeasts, the price of AXS will surpass $100 in 2024 and reach $127 by the end of 2025.
According to WalletInvestor, AXS is an “awesome long-term investment.” It will surpass $100 in October, according to its Axie Infinity (AXS) price prediction for 2022. According to WalletInvestor, AXS will continue to rise in price, reaching $123.08 on December 31st, 2022. Axie infinity (AXS) will rise to $398.08 by the end of the year, according to the site’s Axie Infinity (AXS) price forecast for 2025. The upward trend is expected to continue, and in five years, the stock could be worth $505.41.
Gov.Capital is even more bullish on the AXS price, predicting that it will hit $361.82 in a year and surpass $500 in May 2023. $3,481.97 is the five-year forecast for 2027.
Price Prediction for The Sandbox (SAND)
SAND is expected to surpass $5 in July, according to WalletInvestor. The Sandbox (SAND) currency is expected to be worth $8.58 in a year and $31.06 in five years.
PricePrediction.net forecasts a maximum value of $5.01 in 2022. The Sandbox (SAND) could be worth as little as $6.18 in 2023, with an average price of $6.35. The average price is expected to be $26.44 in five years. In 2030, the average price forecast for The Sandbox (SAND) is $85.97.
Finally, Gov.capital predicts that SAND will reach a high of $114.09 in five years and a low of $13.23 in a year. Early in February 2025, The Sandbox (SAND) is expected to break the $50 barrier.
Why the Explora (EXPL) NFT Marketplace Is About To Blow Up
Will Axie Infinity (AXS) and The Sandbox (SAND) be able to keep up with newer altcoins that use cutting-edge blockchain technology? Explora Chain (EXPL), a newcomer to the crypto market that has just gone into presale, is already captivating the market as one of the most multifaceted altcoins to date. According to the White Paper, Explora Chain (EXPL) intends to construct a highly developed NFT marketplace with numerous opportunities for holders to earn passive income and take advantage of the platform’s wide range of other services.
The NFT marketplace on Explora Chain (EXPL) will allow users to mint, trade, and hold NFTs, which are popular passive income options for crypto investors. Users of the Explora Chain (EXPL) NFT marketplace can also do NFT swaps to buy and sell assets at a premium price.
As new NFT collections enter the market on a daily basis, more people will consider using the NFT swap to benefit. In order to profit from NFT exchanging, Explora Chain (EXPL) states that their users will be able to obtain an NFT from a newly discovered collection that has the potential to become a craze among NFT collectors.
Explora Chain’s (EXPL) mission is to build a large-scale NFT marketplace with exceptionally advanced cross-chain interoperability. Developers hope that the Explora NFT Marketplace will soon be a platform where users can exchange NFT for crypto, NFT for NFT, and NFT for both NFT and crypto.
With their BNB Launchpad, Explora Chain (EXPL) holders will be able to make money through P2E gaming, staking, and investing in new crypto projects from the start.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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