Is it worth it to invest in SLP?

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.

Is SLP a good investment 2022?

According to the WalletInvestor SLP price prediction, the token can be a bad, high-risk 1-year investment option. Smooth Love Potion’s price was $0.0128 on 5 May 2022. However, an investment could lose value in the future. WalletInvestor doesn’t expect the token’s price to hit $1 in one, two or even five years.

Is SLP going to rise again?

Price Prediction’s SLP crypto price prediction estimated that the price could rise from an average of $0.006 to $0.008 in 2023, based on its deep learning technical analysis.

Is SLP a metaverse coin?

Summary. 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.

Is it worth it to invest in SLP? – Related Questions

Will SLP go up 2023?

Smooth Love Potion Price Prediction 2023

As per our Smooth Love Potion price prediction, it can reach a maximum price level of $0.034 by 2023. However, the average price of an SLP Coin can be around $0.012.

Why is SLP going down?

SLP is dropping because of an imbalance in the supply vs. demand for the token.

What kind of crypto is SLP?

As mentioned, Smooth Love Potion (SLP) is the native cryptocurrency of the Axie Infinity game. Previously known as “Small Love Potion”, SLP is an ERC-20 gaming token with an unlimited supply. As of November 2021, SLP’s market cap reached $197 million USD with a circulating supply of over 3 billion.

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Will SLP go up again 2022?

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.

Is SLP a NFT?

Smooth Love Potion (SLP) is a gaming token. This token is mainly used to power the breeding of digital pets that are known as Axies in the Axie Infinity NFT game.

What is SLP used for?

SLP can be used within the game to breed new Axies, and earned by playing the game, especially by winning battles. SLP is an uncapped utility token, that is to say its supply grows as more players join the game. The token is needed to breed Axies, a major avenue to earn from playing the game.

How does SLP have value?

The SLP coin has value both in the Axie Infinity metaverse and in the larger crypto market, due to the gaming economy ‘play-to-earn’ concept. Basically SLP is different from most of the other in-game currencies because the token is exchanged on decentralized SLP token exchanges.

Is SLP infinite?

Smooth Love Potion, aka SLP, is an uncapped utility token that can be utilized within the game to breed new Axies. The token can either be mined through playing Axie Infinity, bought via Uniswap, or earned by participating in various promotions or tournaments.

How much SLP earn a day?

There is a Daily Quest that resets daily where you can earn 50 SLP as a bonus. You can get this free SLP by winning 5 times in PVP and 10 times in PVE. In PVE, you can earn up to a maximum of 100 SLP per day. Meaning, realistically, you can earn 150 SLP per day at the minimum.

Why did Axie Infinity fail?

Axie Infinity failed to fulfill players’ expectations on income and investment goals | NFTandGameFi.

How many SLP make sure a day?

Owning between 3-9 Axies or 10-19 Axies will grant your 5 Energy in 6 and 3 hours, respectively. This means that, theoretically, if you spent 60 Energy on 60 matches at the highest level, you could earn up to 840 SLP in one day.

How much is 100 SLP?

Historical Exchange Rate Graph for SLP to USD

The conversion value for 100 SLP to 0.332 USD.

How much is SLP in peso?

1 SLP = ₱0.192993

Last updated 01:23PM UTC.

What is the highest SLP price PHP?

In the past months, Axie’s native token SLP or Small Love Potion has hit the highest peso value of PHP20. 00. As of August 2021, the SLP to PHP price rate plunges down at PHP9. 00 mark.

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