Will SLP crypto go up?

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.

These are captured in the graph below, which surfaces a few key observations: 1) SLP Minted is generally hovering in the 100-200M/day range, 2) SLP Burned is generally hovering in the 50-100M/day range , 3) the SLP Mint / Burn ratio is currently ~2.5 and currently moving upwards.

The average amount of SLP burned as a percentage of the daily issuance is 58% and we’ve been a bit lower than this recently.

It is for sure that SLP had a bullish increase in 2021 and at the beginning of 2022, so experts expect that it could reach $0.4002 by the end of the year . If we follow the current fast growth, it could easily go up to $0.1027 or even $0.5 although it is hard to achieve by the end of this year.