Why is the SLP going down?

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.

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How do you earn a SLP coin?

To earn SLP, players can complete daily quests, battle other players in the Arena (PvP), or fight in the Adventure mode (PvE) . There is a limited amount of SLP players can earn per day, and the SLP used for breeding will be burned once a new Axie is created.

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What are SLP coins?

Smooth Love Potion (SLP) is an ERC-20 token that is the in-game asset of the popular blockchain-based gaming metaverse Axie Infinity . In this game, players collect unique digital pets called Axies — represented by non-fungible tokens (NFTs) — which they can breed, sell, or deploy in battle against other players.

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What is the SLP value today?

SLP Price Statistics Smooth Love Potion Price$0.0212424h Low / 24h High$0.02066 / $0.02356Trading Volume24h$897,545,238.84 23.73%Volume / Market Cap8Market Dominance0.01%Smooth Love Potion price today, SLP to USD live, marketcap and chart coinmarketcap.com › currencies › smooth-love-potion

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