Why is SLP dropping?

The demand for SLP comes from breeding. It costs SLP to breed and that's the main way that SLP gets burned (taken out of circulation). The problem that the developers at SkyMavis face is that a lot more SLP is created through battles than is destroyed through breeding.

Why are SLP prices going down?

The number of tokens is limited and the price drops when new users come into the game because new players increase the minting of the token. In other words, the price depends on the game's ecosystem. So, when the game is popular, the price of the currency drops.

Will SLP ever go up again?

Bullish Smooth Love Potion (SLP) price predictions range between $0.01173 and $0.022157 by 2030. Market analysts believe SLP could reach $0.009123 by 2025.

Is SLP losing value?

SLP ended 2021 at $0.027 and has continued to decline, trading around $0.01 in recent days. SLP ended 2021 at $0.027. On 3 February 2022 it dropped to $0.008795 before another rally on 10 February saw the price spike to $0.04044.

Will SLP continue to drop?

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 $0.0006 in a year.

Why SLP Lost 95% Of Its Value - Axie Infinity

Will SLP go up again 2023?

Smooth Love Potion has gone up by 5.09% in the past 30 days. According to our analysis in the short term, Smooth Love Potion price prediction for June 2023 shows the average price of SLP at $0.022 and the highest possible price for June 2023 would be $0.024.

What is happening to smooth love potion?

According to our current Smooth Love Potion price prediction, the value of Smooth Love Potion is predicted to drop by -12.26% and reach $ 0.002208 by March 15, 2023. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 34 (Fear).

Why did SLP fail?

But SLP collapsed 98%, falling to $0.005 because of its overwhelming supply. In other words, SLP's tokenomics were bad. Every player was able to create a lot of daily SLP, but there were few ways to actually use the currency that doomed it to crash sooner or later.

Is there hope for SLP?

Smooth Love Potion (SLP) Future Value Predictions in General

The token has a good use case, well-designed tokenomics and a solid team behind it. However, since its peak in July 2021, the token has been plagued by a bearish trend, which is not likely to change in the first half of 2022.

What is the highest SLP value ever?

The market rank of Smooth Love Potion is 265 based on a market capitalization of 107,126,163 €. Smooth Love Potion has a circulating supply of 42,253,441,786 SLP. The highest recorded Smooth Love Potion price is 0.34 €. And the lowest recorded SLP price is 0.00 €.

What to do with SLP now?

Will SLP bounce back?

Once the demand increases the chances of the supply of SLP going down are very high. With limited supply and rising demand, SLP prices may start rising and may reach $1 or above in the near future. If we look at the SLP future price predictions, there are hardly any chances of SLP reaching $1 even by 2030.

Why did Axie fail?

But to make money off of Axie's in-game token, players needed new gamers to join because new gamers had to buy Axie characters, a non-fungible token. When the gamer flow slowed, the token's price collapsed, and so did a player's earnings.

Is SLP a bad investment?

Smooth Love Potion is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.

Who owns SLP now?

Marisha Mets - Founder - SLP Now | LinkedIn.

Why is the love potion so cheap?

The reason that the love potion costs so little is because it is an investment for the old man. He knows that Alan, as any man, will get so tired of being watched, interrogated, and cared for that he will “… save up [money] for [poison]” (Collier), which he will then use to kill Diana (clean his life).

Is smooth love potion metaverse?

Smooth Love Potion (SLP) is an ERC-20 token that is the in-game asset of the popular blockchain-based gaming metaverse Axie Infinity. In this game, players collect unique digital pets called Axies — represented by non-fungible tokens (NFTs) — which they can breed, sell, or deploy in battle against other players.

Will SLP be removed in adventure?

Goodbye Adventure Mode SLP

In addition to removing the SLP gains from Adventure mode, SLP earned from completing daily quests is also removed, although Sky Mavis states that quests might see a comeback in a future update.

How much will SLP cost in 2024?

According to the Smooth Love Potion Price Prediction model above, SLP's price in June 2024 would be $0.0041. This price would however would range from $0.0044 and $0.0038.

How much will SLP cost in 2025?

Smooth Love Potion price prediction April 2025: Smooth Love Potion's price for April 2025 according to our analysis should range between $0.0046 to $0.0053 and the average price of SLP should be around $0.0049.

Can I make 100k as an SLP?

Yes, you can make $100,000 per year as a speech language pathologist. While possible, it is unlikely to earn over $100k as a speech language pathologist because even higher-paid positions do not typically earn more than $88,000 per year. The average annual salary for a speech language pathologist is $65,973.

Which SLP makes the most money?

What will SLP be worth in 2030?

Smooth Love Potion (SLP) Price Prediction 2030

By 2030, the Smooth Love Potion coin can reach a maximum value of $2.17. The year 2030 can end with an average price of $1.59 if current growth continues.