Smooth Love Potion (SLP) Price Prediction – 2023, 2025, 2030
Smooth Love Potion (SLP) Overview
|🪙 Cryptocurrency||Smooth Love Potion|
|💱 Ticker Symbol||SLP|
|💸 Market Cap||$98,357,919|
|🚀 Trading Volume||$12,193,377|
|📈 Price Change (24h)||1.39%|
|💰 Current Supply||41,308,496,353|
- Bullish Smooth Love Potion (SLP) price predictions range between $0.010715 and $0.020239 by 2030.
- Market analysts believe SLP could reach $0.008334 by 2025.
- Bearish Smooth Love Potion market price prediction for 2023 is $0.001905.
Smooth Love Potion (SLP) Introduction
When it comes to play-to-earn games, Axie Infinity steals the show! As the first NFT gaming title to cross $1 billion in sales, it is credited for putting “play-to-earn” on the global gaming map. Sky Mavis launched the game in 2018 but it only took off last year along with the NFT boom. Axie Infinity was last summer’s star protocol peaking at almost half a million daily active users (DAU).
Axie Infinity is an NFT-backed play-to-earn blockchain game where players collect monsters known as Axies and battle them with other players’ Axies. It utilizes two tokens in its ecosystem: Smooth Love Potions (SLPs) and Axie Infinity Shards (AXS). Basically, SLPS are earned by playing the game. Meanwhile, AXS is a governance token that gives holders the power to vote on key decisions like game functionalities and treasury funds spending.
Before we evaluate if SLP would be a profitable investment in 2022 and the coming years, let’s backtrack a little. We’ll go into detail about the role and utility of SLP in Axie Infinity’s ecosystem. In addition, we will cover the factors affecting the price of SLP and the future plans of Sky Mavis.
What is Axie Infinity?
Axie Infinity champions the play-to-earn gameplay model wherein players are rewarded by simply spending time playing the game. Furthermore, the players fully own their in-game characters or items as NFTs. They can sell it, earn from it or use it for gameplay. This separates Axie Infinity from 99% of today’s traditional close-looped games, where digital items can only be used in-game.
It came to a point that the barrier to entry was too high because the cost for buying the three Axies needed to play the game was astronomical. Meanwhile, there are investors and entrepreneurs who can easily shell out the funds needed to buy Axies but don’t have the luxury of time to play. This market gap propelled the scholarship and guild programs.
Through an Axie Scholarship, the manager or guild buys or provides the three Axies that the player (scholar) will use to play the game and earn SLP. They assume all the risk to lend three Axies to the new player. In exchange, they earn a share of their players’ profit. The new users play-to-earn and Axie Infinity allow their sponsors to reap some of the rewards.
About Smooth Love Potion: Axie Infinity’s In-Game Currency
Basically, SLP is the in-game currency at the center of Axie Infinity’s ecosystem. Every time a player wins a duel, they are rewarded in $SLP. It has no cap and is used to breed new Axies. The game burns SLP every time players breed Axies. Players breed in order to produce offspring with special abilities that make them more powerful. They can also aim for other characteristics that are desirable to other collectors.
In Axie Infinity, the income typically comes in the form of Smooth Love Potion (SLP). Players need to complete and enter quests, arena mode and adventure mode in order to earn SLPs. The daily quest rewards used to be 50 SLP but during the launch of the 20th competitive season, Sky Mavis announced a major economic change to earning SLP. In essence, players will no longer earn SLP in daily quests and adventure mode but they can earn more through competitive PVP. SLP earnings will now be effectively halved, with additional rewards only available in the higher competitive tiers.
Sky Mavis also reduced the daily limit of SLP earned in PVE from 100 to 50. Prior to this change, players earned a total of 75 SLP per day by playing Adventure mode (50 SLP) and by clearing the daily quests (25 SLP). However, SLP rewards in PVP now increase at a faster rate as you climb the leaderboard.
Axie Infinity uses MMR or Matchmaking Rating. MMR is used to determine a player’s in-game skill level to place them against opponents of a roughly equal skill level. Most of the Axie population resides within the “casual” tier (these are players with MMR points between 1100 and 1300). In effect, players saw reduced earnings from all game modes. Previous daily averages were around 200 SLP, but it’s looking like that average will now be closer to 100-120. Moreover, in the 20th Season, sub 800 MMR players will only earn 1 SLP per win.
If you don’t have the luxury of time to earn SLP, you can also buy them and benefit from the potential token appreciation. Players can also use their SLP to breed Axies and sell it to other players. When SLP initially launched, it didn’t actually have a fluctuating value as a cryptocurrency. However, this all changed when a liquidity pool for SLP was created on Uniswap. You can easily buy this coin by first buying Ethereum from any fiat-to-crypto exchange and then transferring it to the exchange that offers to trade this coin.
An alternative of buying and “holding” SLP is to “stake” them within liquidity pools for additional revenues.
Factors Affecting the Price of SLP
Axie Infinity took a big hit when Sky Mavis announced that their Ronin Bridge had been hacked and about $625M worth of Ethereum and USDC had been stolen. The amount was later corrected as “$541M at the time of the breach,” and is the second-largest crypto hack in history.
For the uninitiated, the Ronin Bridge is a part of the Ronin blockchain network, so it exists alongside services like the Katana decentralized exchange, the Axie Infinity marketplace, and the AXS staking pool. Its primary function is to allow the transfer of assets from the Ronin world to the Ethereum world. Ideally, without it, you wouldn’t be able to move your SLP earnings from the world of Ronin to the world of Ethereum. So its a good thing that before the Ronin Bridge, we were already using centralized exchanges like Binance as a quasi-bridge to the outside world. Once you got your SLP earnings transferred over to Binance, you could do all sorts of things with it, including converting them into pesos. It was such a popular method, in fact, that the majority of Axie players still use that strategy to this day.
So Sky Mavis is in major fire fighting mode and working double time to regain and rebuild trust in their protocol. This current predicament certainly did not help the price action of SLP.
Smooth Love Potion (SLP) Current Price
Smooth Love Potion is currently worth $0.002381 USD. SLP has moved 1.39% in the last 24 hours with a trading volume of $12,193,377. Smooth Love Potion is currently ranked 823 amongst all cryptocurrencies with a market capitalization of $98,357,919 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Smooth Love Potion (SLP) to decide wether it is going to have a bullish or bearish year.
Smooth Love Potion (SLP) Price Predictions
Currently, Sky Mavis is busy rehabilitating its image and addressing the hack that plagued its system and in turn, Axie Infinity. It is now offering a bug bounty to spot any vulnerabilities in its smart contracts or web-related systems. Accordingly, white hat hackers will receive between $1,000 and $1M depending on the severity of each vulnerability found. Meanwhile, bugs in the app or web interfaces will be rewarded with $50 – $15,000.
When SLP was launched, the initial price was around $0.03. Then, it grew exponentially as the ecosystem of Axie Infinity expanded.
Let’s proceed to the SLP price predictions.
|Year||Minimum Price||Average Price||Maximum Price|
Our price prediction forecasts use real-time Smooth Love Potion (SLP) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
Smooth Love Potion (SLP) Price Prediction 2023
Smooth Love Potion, according to some, is one of the most amazing cryptocurrencies to rise this year (SLP). The SLP price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $0.003572.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $0.003333 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. SLP is expected to have a minimum value of $0.002857.
Smooth Love Potion (SLP) Price Prediction 2024
In 2024, Smooth Love Potion SLP price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of SLP will soon surpass $0.005953. However, we should wait to see if the SLP’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, SLP will trade with a minimum trading price of $0.004762 and an average trading price of $0.005238.
Smooth Love Potion (SLP) Price Prediction 2025
If the upward trend continues until 2025, it could reach $0.008334 and SLP may profit. If the market experiences a decline, the goal may not be met. SLP is expected to trade at an average price of $0.007619 and a low of $0.007143 in 2025.
Smooth Love Potion (SLP) Price Prediction 2026
If Smooth Love Potion successfully boosts market sentiment among cryptocurrency enthusiasts, the SLP coin price could remain stable for the next five years.
According to our projections, SLP will be green in 2026. The SLP is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $0.010715, with a minimum price of $0.009524 and an average price of $0.01.
Smooth Love Potion (SLP) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the SLP price is expected to cross an average price level of $0.012382 by 2027, with a minimum price of $0.011905 expected before the end of the year. Furthermore, SLP has a maximum price value of $0.013096.
Smooth Love Potion (SLP) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $0.014763. If SLP manages to break the resistant level in 2028, we could see a maximum price of $0.015477, failing to gather the support SLP needs by 2028 could result in a low of $0.014286.
Smooth Love Potion (SLP) Price Prediction 2029
While SLP is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $0.016667 and a yearly price close above $0.017858 in 2029.
Smooth Love Potion (SLP) Price Prediction 2030
By 2030, Smooth Love Potion will finally surpass its previous ATH values and record new price levels. The minimum price could be $0.019048 and potentially reach a maximum price value of $0.020239, averaging out at $0.019525.
Smooth Love Potion (SLP) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum SLP price in 2031 is projected to be $0.023334 in the event of a bull run, with an average price level of $0.022382.
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What is the Smooth Love Potion (SLP) price today?
Today, Smooth Love Potion (SLP) is trading at $0.002381 with a total market capitalization of $98,357,919.
Is Smooth Love Potion a good investment?
Smooth Love Potion proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that SLP is a good choice of investment.
How high can Smooth Love Potion go?
The average price of Smooth Love Potion (SLP) can possibly reach $0.003333 this year. Over the next 5 years, it is projected that Smooth Love Potion may surpass $0.015477.
How much will Smooth Love Potion be worth in 5 years?
Based on the rising popularity of cryptocurrency and Smooth Love Potion, a long term investment in SLP could see the price rise to $0.015477 within the next 5 years.
How much will Smooth Love Potion be worth in 10 years?
If you invest in Smooth Love Potion today, as with any investment, a long term increase is expected. The price of SLP could possibly rise to $0.030239 within the next 10 years.
What will the Smooth Love Potion price be in 2024?
Smooth Love Potion (SLP) price is expected to reach $0.005953 by 2024.
What will the Smooth Love Potion price be in 2025?
Smooth Love Potion (SLP) price is expected to reach $0.008334 by 2025.
What will the Smooth Love Potion price be in 2026?
Smooth Love Potion (SLP) price is expected to reach $0.010715 by 2026.
What will the Smooth Love Potion price be in 2027?
Smooth Love Potion (SLP) price is expected to reach $0.013096 by 2027.
What will the Smooth Love Potion price be in 2028?
Smooth Love Potion (SLP) price is expected to reach $0.015477 by 2028.
What will the Smooth Love Potion price be in 2029?
Smooth Love Potion (SLP) price is expected to reach $0.017858 by 2029.
What will the Smooth Love Potion price be in 2030?
Smooth Love Potion (SLP) price is expected to reach $0.020239 by 2030.
What will the Smooth Love Potion price be in 2031?
Smooth Love Potion (SLP) price is expected to reach $0.023334 by 2031.