Smooth Love Potion Fundamental Analysis
Smooth Love Potion (SLP) — previously Small Love Potion — is a second token issued by Axie Infinity blockchain game, the first being Axie Infinity Shards (AXS). The game gained a lot of popularity in the summer of 2021.
Axie Infinity features Pokemon-like creature characters, Axies, who can be bought and sold (since every one of them is an NFT), developed using various combinations of body parts, or bred. Breeding and adding new body parts can produce some unique combinations, which drives Axie NFTs’ prices up, with some of them selling for hundreds of thousands of dollars. To progress their game, players can participate in Axie fights or send their Axies on adventures.
As opposed to AXS, which serves as a governance token, SLP is useful to players not only outside the game world — although it is, as it can be traded on the open market like any other crypto — but also in-game. SLP tokens represent the experience points earned in battles and quests and must be spent to allow players’ Axies to breed. This classifies the Axie Infinity game as “earn-to-play,” which is in line with the game creators’ goals — they are hoping to change the gaming landscape and make earning money fun.
Smooth Love Potion Price Chart
Since the beginning of 2021 and through the first spring months, SLP followed the market, rising from $0.02 to $0.1 by March. In April, going against the trend, it dipped, hovering just above $0.03. This was followed by a surge up to its all-time high, which is $0.4191, on May 1. SLP’s price went through a sharp decline in the second half of May, falling to ~$0.08. After a few more upticks in price, it stabilized in the $0.15-$0.50 range, where it stayed throughout June. At the beginning of July, SLP’s price soared again, bouncing up to ~$0.4 several times. As it’s formed a double and then even triple peak pattern, it’s obvious that there is a strong resistance line on this level. However, it doesn’t yet look like SLP’s luck is running out, so it’s worth watching whether this coin can break through resistance and go even higher.
Smooth Love Potion Technical Analysis
Despite the fact that 100% accurate technical analysis for Smooth Love Potion cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated SLP buy-and-sell rating for selected timeframe. The summary for SLP/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Smooth Love Potion Price Prediction
Below we have collected the most reliable price projections for Smooth Love Potion (SLP) from popular forecast platforms.
#1. WalletInvestor SLP Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Smooth Love Potion price will grow from $0.1802756136 to $0.5080 in one year. That makes SLP an awesome investment. The long-term earning potential is 181.79%. The predicted price for the end of 2026 is $1.676.
#2. TradingBeasts SLP Price Prediction for 2022
Answering the question about if Smooth Love Potion is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.2395722 with a growth to $0.2854828 by the end of 2022.
#3. DigitalCoin SLP Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Smooth Love Potion cryptocurrency will rise in the next 5 years starting from $0.282509 as of today’s price to $1.2361817. It will go up to $0.4786055 by 2022 and continue its growth in 2023–2024. Based on this forecast, Smooth Love Potion is a profitable long-term investment.
How to buy SLP coin?
Just go to SwapSpace and follow these easy steps:
- Choose the exchange pair, i.e. BTC to SLP, and the amount for your exchange and press the “View offers” button.
- Select the best exchange offer. You can sort them by better rates, exchange trust rates, or fixed and floating exchange options.
- Provide the recipient address to which the coins will be transferred.
- Transfer your money to the exchange service.
- Just wait until you'll see SLP in your wallet!
About SwapSpace
SwapSpace is a cryptocurrency exchange aggregator that allows to swap over 700 cryptos with both fixed and floating rates. We gather the rates of major crypto exchanges on the market onscreen and let our users compare and choose whatever option they like the most. We don’t add any fees over the partners’ rates, which makes the exchanges via SwapSpace profitable. The exchange time is no longer than at any of our integrated services starting from 10 minutes. SwapSpace support works 24/7.
Summary
As it can be clear from the analysis cited above, Smooth Love Potion (SLP) projections are rather contradictory. There is no universal consensus either about positive or negative future SLP price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Smooth Love Potion projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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