why does slp have value axie

ByMaksim L.

Sep 10, 2022

What is the purpose of SLP in Axie Infinity?

The price of the Smooth Love Potion has been a significant driver for activity in Axie Infinity as it enables players to earn value from playing the game as they sell their SLP tokens to players who require it to breed their Axies.

How does SLP value increase?

The number of tokens is limited and the price drops when new users come into the game because new players increase the minting of the token. In other words, the price depends on the game’s ecosystem. So, when the game is popular, the price of the currency drops.

How is SLP generated Axie?

Powering the Axie economy SLP can be used within the game to breed new Axies, and earned by playing the game, especially by winning battles. SLP is an uncapped utility token, that is to say its supply grows as more players join the game. The token is needed to breed Axies, a major avenue to earn from playing the game.

Will SLP price go up again?

Its SLP price prediction estimates that it will reach $0.014 in 2024 and $0.032 in 2026. Its Smooth Love Potion price prediction for 2030 expects it to rise to $0.15. DigitalCoin forecasts this growth to be slower. Its SLP price prediction expects the coin to rise to around $0.006 this year, climbing to $0.009 in 2025.

What causes SLP price to drop?

A recent report in the Financial Times suggested that one key reason for the SLP dip in price was players converting their tokens into cash rather than reinvesting them in the game, contributing to a glut of tokens on the market, weighing on the price.

How much SLP is burned?

Following the campaign launch, for the first time since August 2021, the burn rate for Axie’s Smooth Love Potion (SLP) tokens spiked. A total of 41,541,750 SLP tokens have been burned since the campaign’s launch.

Will SLP lose its value?

Smooth Love Potion (SLP) price $0.01269
Circulating Supply 5.38B SLP
Daily Trading Volume $224,577,956

Will SLP ever recover?

The future of SLP completely depends on its ecosystem of SLP. A strong ecosystem could push the price of SLP tokens over $0.10 by the end of 2022 or the same ecosystem could crash the price completely following a mass sell-off.

Will SLP go up 2023?

Smooth Love Potion Price Prediction 2023 As per our Smooth Love Potion price prediction, it can reach a maximum price level of $0.034 by 2023. However, the average price of an SLP Coin can be around $0.012.

How many AXS is 1 SLP?

1 AXS = 3,569.65 SLP This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Is SLP a metaverse?

Summary. Smooth Love Potion (SLP) is the in-game digital currency of the Axie Infinity gaming metaverse. It enables the game’s players to breed collectible digital pets — known as Axies. The overall demand for SLP tokens has grown such that they are also traded on cryptocurrency exchanges.

Can I earn SLP without energy?

If you play without Energy, you can only earn SLPs. If you play in Arena mode with Energy, you can earn SLPs as well as an increase in rank in the leaderboards. But if you play without Energy, you can only rise in rank but not earn any SLPs.

Can smooth love potion reach $1?

Yes, it is possible that Smooth Love Potion can reach $0.10 but only in the distanced future, after 2030.

Will smooth love potion price go up?

Many analysts have made Smooth Love Potion price predictions for 2023, and the general consensus is that the price of Smooth Love Potion will continue to rise.

How much SLP can you earn in a month?

The short answer is money. As mentioned above, you can make a minimum of 150 SLP per day. As of writing this, 150 SLP is around $40. That’s 4500 SLP each month or $1200.

Does SLP coin have a future?

SLP price prediction 2022 Investors had earlier claimed that the coin will set its all-time high by 2023 reaching USD 0.15. Some reports even suggested USD 0.2 price. However, the coin is more probable to end up at around USD 0.10 by the end of 2022.

What is difference of SLP and AXS?

What’s the difference? Smooth Love Potion (SLP) is a cryptocurrency users receive for playing Axie Infinity and is primarily used for paying breeding fees however it can be sold on exchanges. Axie Infinity Shards (AXS) is ERC 20 governance cryptocurrency for the game which allows for staking and payment use.

Can you buy SLP without Axie?

If you decide to breed, you will need to spend $AXS (Axie Infinity Shards) and $SLP (Smooth Love Potion). Each Axie is considered a non-fungible token or NFT. The better the stats and breed count of the Axie, the more expensive it is.

What is the meaning of SLP?

Speech-language pathologists, also called SLPs, are experts in communication. SLPs work with people of all ages, from babies to adults. SLPs treat many types of communication and swallowing problems.

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