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 value go down?

The site’s projection was that SLP to USD could trade down to $0.0011 by this time next year and by 2027, the price could fall to $0.000351 , the data showed. Gov Capital’s SLP coin price prediction suggested that the price could fall effectively zero by February next year.

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