Why is SLP token dropping?

Its users, transactions and SLP started falling after the end of July and did not stop. During September it had stooped below the $0.10 mark and it dropped even further to $0.01 in January 2022. Axie Infinity’s slump has been attributed to losing its main demographic in developing countries, such as the Philippines .

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Will SLP rise?

It estimates SLP to reach $0.047 in 2024 and $0.098 in 2026 . Its Smooth Love Potion price prediction for 2030 expects it to rise to $0.41. DigitalCoin forecasts this growth to be slower. Its SLP price prediction expects the coin to rise to around $0.02 this year, climbing to $0.03 in 2025.16 Mar 2022

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Will SLP continue to drop?

SLP ended 2021 at $0.027 and has continued to decline, now trading around $0.018. … SLP forms Axie Infinity play-to-earn economy. Long position overnight fee-0.0225%Overnight fee time21:00 (UTC)Spread2.71SLP coin price prediction: Can it halt the slide? – Capital.com capital.com › smooth-love-potion-slp-coin-price-prediction

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What is SLP mean in crypto?

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.

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Who owns SLP crypto?

One of them is Axie Infinity , which has been growing in popularity since 2018. Axie Infinity rewards consist of its own ERC-20 token, Smooth Love Potion (SLP). As a cryptocurrency, users can buy and sell SLP tokens on crypto markets.

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