Smooth Love Potion Price Prediction – The Axie Infinity Currency

Smooth Love Potion (SLP) is the in-game digital currency of the Axie Infinity gaming metaverse. It allows the game’s players to breed Axies- collectible digital pets. Due to the rise in the overall demand for SLP tokens, they are now being traded on cryptocurrency exchanges such as Binance.

What is Smooth Love Potion?

Smooth Love Potion (SLP) tokens are ERC-20 tokens earned by playing games on the Axie Infinity metaverse. It replaces points resulting from experience in the game. To breed or grow Axies (the digital pets), SLP is required. These Axies can be bred, sold, or deployed in the battle against other players. Since it may take longer to accumulate a substantial amount, players can now purchase them on open markets. It has use-cases in the Axie Infinity metaverse and on supported cryptocurrency exchanges.

Similarly, it is unique due to being one of the few in-game tokens to be listed by Binance Innovation Zone. It currently ranked #342 on CoinMarketCap, with a live market cap of $186,609,836. Its circulating supply is 2,525,613,348 SLP coins but its max. Supply is unavailable.

How does it operate?

The Axie Infinity metaversedoesn’t sell SLP tokens to players or oversee liquidity provision for token exchanges. Although there are several ways to earn SLP tokens, they are very difficult. This brought about the rise of secondary markets. The breeding cost for first timers is 100 SLP and increases gradually with an increase in level and breed.  The cost for a second time is 200 SLP, 300, 500, 800, and 1,300 for the third, fourth, fifth, and sixth rounds respectively. BreedingAxiesis limited to seven times to avoid hyperinflation in the marketplace. This has brought about the use of Axie Infinity breeding guides.

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Tokenomics

The SLP token does not have a maximum supply, and the amount in circulation changes constantly. This is because more SLP tokens are generated as the gamers increase. Similarly, SLP tokens are burned upon the creation of new Axies. Due to this, the supply of SLP is dependent on activity in the Axie Infinity metaverse. It is believed that with an increase in player participation, in-game competitions, and other SLP-generating activities, there will be an increase in SLP supply.

Why is this important?

The SLP token has value both in the Axie Infinity metaverse due to its play-to-earn status and the mainstream crypto market. This sets it apart from other in-game tokens. This represents a milestone not only for Axie Infinity metaverse as a whole but also for relevant markets and all metaverses.

Why should you invest in SLP?

Games are fun, and no matter the advancement in technology, the game would still connect people in this global village together. But by then, there would be a change in dynamic, a need to conduct in-game purchases. This is where investing in SLP comes in, positioning yourself for that near future.

How to purchase SLP

SLP can be found on top exchanges like Binance, Mandala Exchange, OKEx, FTX, Bitget, KuCoin, Gate.io, Gemini, Uniswap (V3), SushiSwap, and many more. It started having fluctuating value when a liquidity pool was created for it on Uniswap. SLP/ETH, SLP/USDT, SLP/PHP, and SLP/BUSD are some of the trading pairs. Smooth Love Potion contract address is 0xCC8Fa225D80b9c7D42F96e9570156c65D6cAAa25.

Price predictions 2021-2022

The above Smooth Love Potion Coingecko chart shows the movement SLP/PHP pair. It has experienced a drastic change and has been consolidating at that positin. Smooth Love Potion price as at the time of writing was $0.07245. It attained an all-time high on the 01st of May, 2021, reaching $0.4191. Smooth Love Potion price to PHP is ₱3.57. The price of Smooth Love Potion is expected to hit a low of $0.11 in 2022. However, it is presumed that it’ll reach a high of $0.14, averaging at $0.12.

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The Axie Infinity metaverse is a pioneers in the play-to-earn cryptocurrency sphere. Smooth Love Potion is also the first in a series of things to be in the crypto sphere. It is nice to be a gamer, but while you are playing to earn, you can betrading SLP on the side.

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