The play-to-earn sector has been fueled by Axie Infinity, which has demonstrated massive success with its platform. SLP tokens are the key to its success. Tokens can be used to breed new monsters and are given to players as a thank you for playing the game.
Axie Infinity has become a new source of income for people in many countries. Since July, the quantity of incentives in the game has been decreasing, and this has been a problem for these individuals. Players are now paid less than the average wage in the Philippines.
Since its peak in July, the SLP token’s value has dropped by 97%, putting it in a bear market. What hope is there for SLP in the upcoming Axie Infinity update?
What is Smooth Love Potion?
Inspired by popular games like Pokémon but with a significant difference, Axie Infinity offers a unique experience. A key feature of the game was the ability for players to own their own stuff and earn real money. Axies, which are non-fungible tokens, can be bred, battled, and traded by players.
A smooth love potion comes in handy for this situation Earning ERC-20 tokens by completing daily tasks and fighting Axies is possible. To the Axie Infinity team, the coins in Super Mario are like the gold coins, but they have a monetary worth to them.
Axie breeding requires these tokens, which can be obtained in the process. The cost of them begins at 100 SLP and rapidly rises as you breed more of them. Axes can only breed seven times to avoid hyperinflation.
Why is the Smooth Love Potion SLP coin declining in value?
SLP, an altcoin, is not one of the most powerful cryptocurrencies. Cryptocurrency as a whole has been on a downward trend recently, and reports of SLP price prediction next week have indicated that the coin may continue to tumble.
There has been a downward trend in the price of nearly every major cryptocurrency, including Ethereum (ETH) and Cardano (ADA). As an in-game currency with a growing fan base, SLP has the potential to be a market shocker.
Smooth Love Potion’s Previous Price Statistics
SLP was first listed on UniSwap in early January 2020 at a price of about $0.03. An amazing idea that you may get money by playing games was pioneered by this token. According to Jeff Zirlin on Twitter, the market wasn’t quite ready for SLP, and it had fallen below $0.01 by February 1.
Later on in the month, the value of the game token did begin to rise. A day later, on the 19th, SLP had gone back up to $0.016. After the first season of the PVP arena was launched, this happened. Players compete for a position on the leaderboards throughout the season, and the higher a player climbs, the more goodies they receive.
There were some short-term gains in SLP’s value, but it was still in a long-term downward trend. On January 1, 2021, the gaming token has fallen to a low of $0.01 per token. It would, however, erupt once more.
Smooth Love Potion’s Price Prediction 2022
According to previous projections, the coin’s value will hit a record high of $0.15 by the year 2023. In certain cases, the price was even reported to be $0.2. However, by the end of 2022, the coin’s value is more likely to be around $0.10.
Conclusion: Is Smooth Love Potion A Wise Investment?
It may be. As of July 2021, SLP has been on a downward trend. There was a three-month lag between September 2021 and September 2022 when it slipped below the $0.05 barrier.
As a result, many price forecasts are negative about SLP’s future. Remember to conduct your own research before making a financial decision.