AXS Axie Infinity The Full Speculative Bubble and Price Target

As you can see in the chart, AXS Axie Infinity made 1375X and went from $0.12 to $165 in only one year.
Now it is trading at $15.08, still high in my opinion!
AXS is an Ethereum based token.

Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.

In this context, my price target for AXS Axie Infinity is $4.29, still 36X higher from 2 years ago.

Looking forward to read your opinion about it.

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For comparison, AXS Axie Infinity has about 368,000 active users and a Fully Diluted Market Cap of $4,06 Billion, while RBLX Roblox has 37.1 million daily active users worldwide and a Market Cap of 22.641B.
So RBLX has 100X more users but only 5.4X the Market Cap.
Something isn`t right here!
Either Roblox is undervalued, or AXS Axie Infinity is way overvalued at this level!

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The sell-off could continue!

Trade active:

AXS closer to our price target!