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 moreWhat is smooth love potion used for?
Smooth Love Potion (SLP) is an ERC-20 token used as a currency in Axie Infinity . Earn the token by completing tasks within the game or breeding new Axies — Pokemon-like creatures you use to fight other players. This shouldn’t be confused with Axie Infinity token (AXS), which is the game’s governance token.
Read moreIs SLP coin a good investment?
WalletInvestor agrees with CoinCodex, stating that SLP is a bad buy for a one-year investment . Its SLP coin price prediction expects the token to continue losing its value in 2022, dropping to $0.001 by the end of the year.
Read moreHow do you get a SLP coin?
How to Buy Small Love Potion (SLP) [For Beginners]
Read moreWhat is AXS and SLP?
What’s the difference? Smooth Love Potion (SLP) is a cryptocurrency users receive for playing Axie Infinity and is primarily used for paying breeding fees however it can be sold on exchanges. Axie Infinity Shards (AXS) is ERC 20 governance cryptocurrency for the game which allows for staking and payment use.
Read moreWhat does SLP coin do?
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.
Read moreWhat will happen to SLP in 2022?
SLP price prediction 2022 Investors had earlier claimed that the coin will set its all-time high by 2023 reaching USD 0.15. Some reports even suggested USD 0.2 price. However, the coin is more probable to end up at around USD 0.10 by the end of 2022 .21 Eyl 2021
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