Since NFTs became popular last year, they have become utilised by various altcoins to provide holders with proof of ownership over their digital assets. Alongside the #1 NFT coin, Decentraland (MANA), Axie Infinity (AXS) and The Sandbox (SAND) alternate between holding second and third place in crypto market rankings, and crypto experts predict that their prices will be approaching new all-time highs at some point in the year, even as the highly anticipated Explora Chain (EXPL) launches.
Axie Infinity (AXS) and The Sandbox (SAND) enjoyed a successful year in 2021, gifting their investors with immense ROIs reaching around 21,000% and 35,000%, respectively. Both feature play-to-earn gaming, attracting a significant portion of gamers who can make money by immersing themselves in the metaverse and by monetizing their virtual items with NFTs.
Both Axie Infinity (AXS) and The Sandbox (SAND) are keen to maintain investor interest, and as such are working on exciting new developments that will ameliorate their ecosystems. One such development is that of The Sandbox (SAND) subsidiary, Animoca Brands, announced recently 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’. ApeCoin (APE) took the crypto world by storm when it exploded by over 1,000% within days of its launch. Let’s take a look at what some analysts are saying about the futures of Axie Infinity (AXS) and The Sandbox (SAND).
Axie Infinity (AXS) Price Prediction
According to TradingBeasts, the bearish trend for Axie Infinity (AXS) will continue this year. For the majority of 2022, AXS is expected to trade below $50, dropping to $36 in November. But in the long-term, AXS is expected to begin rallying. TradingBeasts predicts that the AXS price will surpass $100 in 2024 and reach $127 by the end of 2025.
AXS is an “awesome long-term investment,” according to WalletInvestor. According to its Axie Infinity (AXS) priceprediction for 2022, it will surpass $100 in October. WalletInvestor speculates further that the price of AXS will continue to rise, reaching $123.08 on December 31st, 2022. According to the site’s Axie infinity (AXS) price forecast for 2025, AXS will rise to $398.08 by the end of the year. The upward trend is expected to continue, and the stock could be worth $505.41 in five years.
Gov.Capital has an even more optimistic AXS price prediction, predicting that the price will reach $361.82 in a year and surpass $500 in May 2023. The five-year forecast for 2027 is $3,481.97.
The Sandbox (SAND) Price Prediction
According to WalletInvestor, SAND is predicted to surpass $5 in July. WalletInvestor expects that The Sandbox (SAND) currency could be worth $8.58 in a year and $31.06 in five years.
In 2022, PricePrediction.net predicts a maximum value of $5.01. In 2023, The Sandbox (SAND) price could drop to as low as $6.18, with an average price of $6.35. In five years, the average price is expected to be $26.44. The average price prediction for The Sandbox (SAND) in 2030 is $85.97.
Finally, Gov.capital estimates that SAND will reach around $13.23 in a year and a high of $114.09 in five years. In early February 2025, The Sandbox (SAND) price prediction is for SAND to break the $50 mark.
Why the NFT marketplace from Explora (EXPL) is exciting investors…
But will Axie Infinity (AXS) and The Sandbox (SAND) be able to do enough to compete with newer altcoins boasting the latest blockchain technology? Newcomer Explora Chain (EXPL), which has just gone into presale, is already captivating the crypto market as it is one of the most multifaceted altcoins to date. According to the White Paper, Explora (EXPL) is planning to create a highly developed NFT marketplace, with plentiful opportunities for holders to generate passive income and benefit from the other services on the platform.
On Explora (EXPL), the NFT marketplace will allow users to mint, trade and hold NFTs, which are popular ways for crypto investors to make passive income. Moreover, users of the Explora (EXPL) NFT marketplace can easily buy and sell assets at a premium price using NFT swapping.
More people will consider using the NFT swap to benefit as new NFT collections enter the market on a daily basis. Explora (EXPL) claim that their users will have the opportunity to obtain an NFT from a newly discovered collection that has the potential to become a craze among NFT collectors in order to profit from NFT exchanging.
The goal of Explora (EXPL) is to create a large-scale NFT market that is well-developed in terms of cross-chain interoperability. The Explora NFT Marketplace, developers hope, will be a platform where users can exchange NFT for crypto, NFT for NFT, and NFT for both NFT and crypto in the near future.
As well as this, Explora (EXPL) will enable its holders to make money via P2E gaming, staking, and invest in new crypto projects from their inception with their BNB Launchpad.