Smooth Love Potion SLP live coin price, charts, markets & liquidity

We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. The rapid growth in the game’s popularity has created a ‘scholarship’ model, in which ‘managers’ rent out their Axies to ‘scholars’, who use them to earn income. Cryptopedia does not guarantee the reliability of the Site content and shall slp coin forum not be held liable for any errors, omissions, or inaccuracies. The opinions and views expressed in any Cryptopedia article are solely those of the author(s) and do not reflect the opinions of Gemini or its management. The information provided on the Site is for informational purposes only, and it does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice.

Because the Axie marketplace has become so popular and competitive, Axie NFT traders have even started using Axie Infinity breeding guides. Axie Infinity is not responsible for selling SLP tokens to players, nor does it provide liquidity for SLP token exchanges. Instead, Smooth Love Potion tokens are generated in the Axie Infinity game itself. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Smooth Love Potion. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels.

The Axie Infinity team encourages using the native Ronin wallet available in both desktop and mobile versions to store your SLP tokens, as well as AXS tokens and in-game NFT assets. You can also use any other crypto wallet compatible with the ERC-20 tokens such as MetaMask and Trust Wallet. Whilst the supply of SLP is not capped, burning mechanisms were created to curb SLP inflation. Specific user actions destroy SLP and reduce the number of tokens in circulation.

1. The universe has a player-owned economy where players can truly own, buy, sell, and trade resources they earn in the game through skilled-gameplay and contributions to the ecosystem.
2. However, helped by Binance and its own balance sheet, Sky Mavis has proven its commitment to reimburse all the affected users.
3. Smooth Love Potion (SLP) is an ERC-20 token that is the in-game asset of the popular blockchain-based gaming metaverse Axie Infinity.
4. The first breeding costs players 600 SLP, and gradually increases upward until the seventh breeding, which costs over 10,000 SLP.
5. Each AXIE has unique characteristics to define rarity and strength with all genetic information stored on the blockchain.

To breed an Axie, the player must pay a fee in AXS that goes directly to the Axie Infinity treasury. Depending on how many times an Axie has been bred, players will also need a varying amount of Smooth Love Potion (SLP) to follow through with the breeding process. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

When trying to make a Smooth Love Potion forecast, many traders also try to monitor the activity of SLP “whales”, which are entities and individuals that control large amounts of SLP. Since the Smooth Love Potion market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Smooth Love Potion’s price movements. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70).

It can not only be earned in the Axie Infinity metaverse, but can also be traded on supported cryptocurrency exchanges — a noteworthy caveat that brings wider market access to this in-game currency. The external market for SLP emerged when a liquidity pool for ETH-SLP was created on the decentralized exchange (DEX) Uniswap, bringing SLP out of the Axie game metaverse and into the crypto market. As Axie Infinity has grown into one of the most popular blockchain-based games, SLP has demonstrated the value of in-game assets both within the metaverse and beyond. Price Prediction’s SLP crypto price prediction estimated that the price could average $0.003 in 2023, based on its deep learning technical analysis. The service’s smooth love potion price prediction for 2025 was positive on the long-term outlook, with the token rising to $0.006 and reaching $0.042 by 2030.

Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Always research the latest Smooth Love Potion price prediction before investing.

SLP Price

Based on multiple technical quantitative indicators, the current forecast for Smooth Love Potion in 2024 is neutral. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Smooth Love Potion or not. According to our historical data, it is currently profitable to invest in Smooth Love Potion. The price of Smooth Love Potion decreased by -7.72% in the last 1 year, while the coin’s 3-year performance is -78.79%. Launched in 2018 by game studio Sky Mavis, Axie Infinity surpassed CryptoPunks, one of the first major NFT collections.

These restructuring measures marked Axie Infinity’s move to a high-skill game economy, but it appears that the transition did not have the desired effect. Instead, the modification exacerbated the https://cryptolisting.org/ decline of active users that started in November 2021. Axie Infinity was only able to scale up successfully after Sky Mavis built Ronin, a custom sidechain to avoid Ethereum’s network congestion.

How does our price prediction for Smooth Love Potion work?

SLP ended 2021 at $0.027 and has continued to decline, trading around $0.01 in recent days. The SLP token has value in the Axie Infinity metaverse via play-to-earn economics as well as value in the wider crypto market. The fact that SLP is being traded on decentralized SLP token exchanges distinguishes it from most other in-game currencies. This represents a landmark not just for Axie Infinity and the Axie marketplace, but also for metaverses and NFT markets as a whole.

How to Create NFTs in Axie Infinity: SLP Prices for Breeding

Smooth Love Potion traders use a variety of tools to try and determine the direction in which the SLP market is likely to head next. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. However, players began collecting SLP tokens to cash out on exchanges, affecting the game’s tokenomics.

Even though Axie Infinity users need some capital to assemble a team of Axies and join the universe, they get paid for actually playing the game. Smooth Love Potion (SLP) is the utility token of the play-to-earn blockchain game Axie Infinity where players battle with each using creatures called Axies. The Pokemon-inspired universe was developed in 2018 by Sky Mavis, the Vietnamese game development studio. Axie Infinity went viral in 2021, adding millions of users and making headlines as the biggest NFT game in major financial media outlets like Bloomberg. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices.

The chart is divided into “candles” that give us information about Smooth Love Potion’s price action in 1-hour chunks. Each candlestick will display SLP’s opening price, closing price, as well as the highest and lowest prices that Smooth Love Potion reached within the 1-hour period. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the SLP price moves above any of these averages, it is generally seen as a bullish sign for Smooth Love Potion. Conversely, a drop below an important moving average is usually a sign of weakness in the SLP market.

The amount of tokens in circulation remains the same in this case as no new tokens are minted or burned. Thereafter, SLP price took a nosedive, plunging to levels that hadn’t been seen since June 2020 and trading 99.8% down from its all-time high. Similarly, Axie Infinity’s AXS governance token fell from its all-time high of about $166 in November 2022 to around $13 in June 2022.