Aside from the announcement, another big factor led to the soaring SLP and AXS prices, Crypto Potato emphasized in a post. This is the growing play-to-earn ecosystem made possible by the Facebook rebranding to Meta that pushes the building of a metaverse .
Read moreWhy is SLP price 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.
Read moreDoes SLP coin have a future?
The currency may drop slightly, but no major falls are expected. However, some experts claim that SLP could be worth even $1 next year, while by the end of 2025 it could have a value of $5 . It all depends on changes in the market, the current political situation, and the popularity of the game.10 Mar 2022
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