What you are writing is theory for now, but unfortunately it looks to be very possible scenario. The team promises a solution to this problem, but so far I don’t see anything actually being done to change this situation. Hopefully something will change, but if not, not only will the SLP price go towards zero as a consequence, but the Axie Infinity price may also suffer. This is gonna be fun, what I don’t really like from « Developer/Team » itself. Because, with the development lack of transparency. They always told don’t worry or something like that.

The SLP token was bullish in 2021 and after 22-July-2021 the bearish trend of this coin starts from 0.33$ to the current price. It price is directly dependent on the Axie Infinity game growth. If the price of Axie Infinity crypto rise then consequently the price of SLP will rise..

Smooth Love Potion Price Chart (USD)

If there would be a continuous and unlimited supply, I’m sure that the coin would continuously drop its price. I don’t know why people keep comparing this in-game money with the real coin that is used as the main coin for its platforms like ethereum and doge coin. You may see a bunch of people said that this will become a scam coin once the price goes to the zero and it has no value. Smooth Love potion is not a scam token however by looking at its price, you can say so, as its keep on dumping and never pumps. The reason for this its unlimited supply and new coins are being generated and awarded to people every day as a winning incentive. Lol this team will be releasing bunch of tokens soon once his token gets failed like SLP.

Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. The 24 hour trading volume of Smooth Love Potion is $21,667,531. SLP paves the way to the concept of Play-to-earn which popularizes the Axie Infinity games among players who are looking to earn some money or participate in DeFi. It is especially popular in countries like Philippines.

P2E mode will no longer reward players with new supply of tokens. There’s a discussion about introducing a SLP burning mechanism. SLP is not a scam and I don’t expect anyone to think that SLP is a scam. There’s no way it can ever be a scam because it has a team, a platform, huge user-base, and also listed on major exchanges.

The Hideaways (HDWY) Is Making A Move Bitcoin (BTC) and Ethereum (ETH) – Analytics Insight

I think anyone know about this reason and that’s why jihoz was also thinking so hard about this as well. He was making a mistake by making SLP to be unlimited supply. Bunch of complaints about this appear in so many axies group if their income become even smaller. Cause I am also playing axie and I can monitor what happened to it eversince.

• Bunch of grinders and dumpers combined with unlimited supply with hyper inflation.
• Digitalcoinprice.com needs to review the security of your connection before proceeding.
• Cryptocandle.co Platform provides Best Crypto Educational Contents, Latest Cryptocurrency News, Crypto Price Prediction and Much More for Crypto Community.
• The only problem with SLP is its lack of burn mechanisms and I think that when Origins and Land will release, this will be a huge burning mechanism for SLP and it will make the price shoot.

People are seeing the down that happened with SLP was also a scam. I do believe if you are seeing newbies and then they are thinking the price was going down gradually and there was not even a single pump that happened with this token. Cryptocandle.co Platform provides Best Crypto Educational Contents, Latest Cryptocurrency News, Crypto Price Prediction and Much More for Crypto Community.

Nasdaq Futures11,046.75+32.50(+0.30%)

Before SLP Price Prediction, it is important to understand some fundamentals of Smooth Love Potion. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. They are digital assets created to be used to pay for goods and services. slp coin forum Cryptocurrencies can be used as a store of value, unit of account and medium of exchange. These digital assets are secured on a distributed ledger called the “blockchain.” The first cryptocurrency was Bitcoin which was introduced in a whitepaper by pseudonymous creator Satoshi Nakamoto.

SLP is never a scam coin, this is why it’s important to invest what you are willing to lose. I actually bought some SLP after the move of AXS but my investment is currently in the mood but I honestly don’t care because it’s part of trading. If it profits profit in the future good, if it doesn’t am okay. The team was creating more and more token instead of making the token that already exist became useful. SLP being used only to breed axies and it has no other utility.

The total supply of a cryptocurrency is referring to the total amount of coins in circulation or locked minus the removed ones. Available supply or circulating supply is the best approximation of coins or tokens in circulation and publicly available. The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply . The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Cryptocurrency gains value through adoption and market speculators.

Jerome Powell Contradicts Fed’s Own Statement, Chaos Ensues – Bitcoin Magazine

The sad news is that SLP price can eventually go down to zero because of the uncontrollable supply of new tokens and obvious lack of price support from the team. It’s a great game with renewed mechanics on turn-based games https://cryptolisting.org/ but with poor tokenomics and obviously no burning mechanism to the token minted. SLP may die sooner or later if they haven’t figure out something, or if other features of the game isn’t released as soon as possible.

They are pioneers in that, and they are not being appreciated. This token has no hope if there will be no good solution to stop the inflation. People can generate an unlimited amount of SLP and then they are sending it to the exchange site to exchange it with money.

There’s no thing wrong on releasing their ron as it served as their chain network token. But I can’t deny that the team haven’t put such effort on putting much value on their some coins like slp. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on it. Trading is a highly risky activity that can lead to major losses; please, therefore, consult your financial advisor before making decisions.

Someone said this is a total scam, he has lost $10,500 trying to sell this coin. I personally for SLP are still pretty good in terms of projects but the team behind them is really bad and that’s what makes them unable to survive. The Price the year 2025 predicted by TechNewsLeader is $0.14 and if we calculate the average price from analytics then the Average Price Prediction for 2025 is $0.103. Volume 24h is referring to the total amount of a cryptocurrency traded in the previous 24 hours.

The only problem with SLP is its lack of burn mechanisms and I think that when Origins and Land will release, this will be a huge burning mechanism for SLP and it will make the price shoot. I’m not expecting for it to reach its previous ATH though because it is just driven by hype at that time. You see SLP as a scam coin just because it went down really hard? What a nonsense argument coming from a newbie like you.