Smooth Love Potion (SLP) is an ERC-20 token used in the Axie Infinity game universe. SLP tokens are earned by playing Axie Infinity games since the project was founded by Trung Nguyen, who left his role as a software developer in the United States to focus on the project.
One of the interesting facts about the SLP token is that the Smooth Love token is burned every time new Axies are bred. The coin has a limited supply. Currently, there are approximately 4,372,441,637 SLP coins in circulation.
At the end of January 2022, the total number of active players on Axie Infinity games was 2,780,533. The SLP price was therefore $0.009866. 9 months later, i.e. on September 30, 2022, monthly active players plummeted to 739,022. The SLP price plummeted to $0.003286 on September 30.
SLP Price Performance Summary
Last 30 days: -21.1%
Last 6 months: -51.2%
YTD: -90.9%
SLP Crypto Prediction: Performance Over the Last 6 Months
- June 2022: -28.6%
- July 2022: -2.4%
- August 2022: -11.4%
- September 2022: -7.6%
- October 2022: +2.1%
- November 2022: -23.1%
Advantage of SLP over the rest of cryptocurrencies
Two important factors that could help SLP grow in the future:
Blockchain Game Expansion: The blockchian gaming industry is expanding, and SLP is set to play a very important role in it. Axie Infinity is one of the most popular blockchain-based gaming cryptocurrencies. Smooth Love Potion (SLP) is the main game resource of Axie Infinity. Therefore, with the expansion of the blockchian game, Axie Infinity will automatically earn and thus help increase the demand for SLP tokens.
Limited supply: Limited supply is one of the advantages of SLP. Currently, the circulating supply of SLP tokens is 43.33B. Now, once market conditions improve, there is a greater chance of increases in demand for SLP. Once demand increases, the chances of the supply of SLP decreasing are very high. With limited supply and increasing demand, SLP prices could start to rise and could reach $1 or more in the near future.
Will SLP go up or will SLP recover?
SLP serves as the native in-game currency for Aixe Infinity games. The SLP price began to collapse in April, when the US Fed announced to reduce the Fed’s balance sheet. However, the crash was not limited to SLPs or other Play-to-Earn coins, the entire cryptocurrency market crashed after the announcement.
The price of gaming or play-to-earn coins has fallen dramatically. When the price started to drop, the number of monthly players on the Axie Infinity gaming platform also started to decrease. Until May, the decline in the number of monthly players was not much, but in June after the Luna fiasco, the price of SLP plummeted massively, and with the price hitting bottom, the player’s interest in Axie Gaming declined by more than 50%.
However, we still believe that the price of SLP will go up, but for SLP to recover, more players need to return to the platform. There have been many attempts by the developers to attract players to the platform, but the attempts have failed.
Good news for SLP is that the number of monthly players on Axie has remained intact over the past 2 months and September has seen an increase in the number of players, for the first time in the last 8 months. Therefore, there are greater chances that the SLP price will go up provided that market conditions improve and more players flock to the Axie Infinity gaming platform.
Axie Infinity
Live player data (last 30 days): There has been a marginal increase in the number of players on the Axie Infinity platform. In the last 30 days, the platform has seen 680,144 players visit the platform.
However, this is well below the number of players who visited the platform before May 2022. The maximum daily number of users on the Axie Infinity platform was 2.7 million. On May 9, 2022, the number of active users fell below 1 million for the first time in 2022 and has declined rapidly ever since.
Currently, the
number of daily active users on the Axie Infinity platform is slightly more than 20,000.
SLP Crypto Prediction 2022: Experts’ Prediction
2022 SLP Average Price Prediction: $0.004
The maximum SLP price forecast for 2022 is $0.0082 if SLP earns 20% per month from today.
SLP Price Prediction 2023
The 2023 SLP price forecast is $0.033. However, this is the aggregate SLP price forecast for 2023.
SLP Smooth Love Potion Price Prediction 2025
SLP 2025 Mid Price Prediction: $0.011
If SLP earns, 20% per year from today, the 2025 smooth love potion price prediction is $0.00689.
If SLP earns, 30% per year from today, the 2025 smooth love potion price prediction is $0.00875.
SLP Smooth Love Potion Price Prediction 2030
Average price SLP Forecast 2030: $0.054
If SLP earns, 20% per year from now, the 2030 smooth love potion price prediction is $0.0171.
Future SLP
SLP’s future depends completely on its SLP ecosystem. A strong ecosystem could push the price of SLP tokens above $0.10 by the end of 2022 or the same ecosystem could cause the price to collapse completely following a mass sell-off.
Added to this are other factors that will determine the future of SLP are the improvement of the general conditions of the crypto market and the Axie Infinity games that recover visitors or lost players.
SLP Crypto Prediction: How to Buy SLP Coin?
Smooth Love Potion tokens can be earned by playing on Axie Infinity. In addition, the following steps can also be followed to buy SLP Coin:
Step 1: Find an exchange that offers SLP Coin for Trade
Step 2: Create an account with Exchange: After selecting the exchange, the next step will be to create an account and add a payment method to the exchange. You may be required to provide your proof of identity to open an account with exchanges.
Step 3: Verify your identity: After creating your account, you will be required to verify your identity so that the exchange can activate your account. After verification, it depends on the exchange time period to activate your account.
Step 4: Fund the bill: The next step is to fund your account. You can do this with a bank account or any other payment method.
Step 5: Make the purchase: Next is to make the purchase. You can buy the amount of SLP depending on the value of your portfolio.
Where to buy SLP Coin?
Very limited exchanges offer SLP tokens for trading. One of the best exchanges to buy the Smooth love potion token is Binance.
Gemini, FTX, and Crypto.com are other platforms that support SLP tokens.
SLP Coin Price Prediction 2022: Frequently Asked Questions
What is the prediction of the price of the smooth love potion?
The smooth love potion price prediction for 2022 is $0.005,
and the price prediction for SLP for 2025 is $0.015.