Smooth Love Potion (SLP) Price Prediction – 2022, 2025, 2030
- Will SLP hit its all-time high price of $0.399727 again?
- SLP bearish price prediction for 2022 is $0.007
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. The token hit its all-time high price of $0.399727 in July 2021. Meanwhile, its YTD return is down by 80.38% according to CoinMarketCap.
SLP Current Market Status and Sentiment
As of press time, SLP is trading at $0.0040 and price has moved -1.09% in the last 24 hours. The current market cap of SLP is $21,737,883.80 and it has no supply cap.
“The price of Smooth Love Potion will decrease by -5.78% and reach $ 0.004801 by June 1, 2022.” It’s now a bad time to buy Smooth Love Potion. – CoinCodex
“SLP is a bad buy for a one-year investment. We expect the token to continue losing its value in 2022, dropping to $0.0006 in a year.” – WalletInvestor
There is a conflicting view about SLP’s future. While some think it will never escape its bearish trend, others are more hopeful, forecasting a steady rise. – Currency.com
“We estimate that SLP will reach $0.014 in 2024 and $0.032 in 2026. Its Smooth Love Potion price prediction for 2030 expects it to rise to $0.15.” – PricePrediction
Now, let’s proceed to the SLP technical analysis for 2022 until 2030.
SLP Price Analysis 2022
The main question of the community and investors is if SLP can ever surpass or come close to the all-time high price of $0.399727. 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. However, the price had dropped below $0.01 in February, which is its lowest price. Nobody can deny that currency has incredible fluctuations in value over time. If we look at the price in July 2021 when it jumped from $0.003 to $0.19 in only two days, we could think that the currency came back on the stage. However, this was just a spike thanks to the new influx of gamers but the price was not sustained.
Within the last month, the price of SLP decreased by -47.725%, eliminating a whopping average sum of $0.005 from its current value. Meanwhile, the 90 days price change is around -90.20% and the price circulated from a minimum average price of $0.054 to a maximum average price of $0.057 in the past 90 days. Smooth Love Potion is down by -92.59% with the maximum average price of the coin being around $0.071 and the minimum average price of was around $0.067 in the past 4 months.
Based on today’s classical pivot point (P1) with the value of $ 0.005354, Smooth Love Potion has support levels of $ 0.005181, $ 0.004935, and the strongest at $ 0.004761. Similarly, Smooth Love Potion resistance levels are at $ 0.005601, $ 0.005774, and $ 0.00602.
Smooth Love Potion (SLP) Price Prediction 2022
Ultimately, the price of SLP depends on the popularity of the game. The price prediction for 2022 is bearish. According to the technical analysis indicators, the value of Smooth Love Potion is predicted to drop by -14.24% and reach $ 0.004609 by June 8, 2022. The token recorded 14/30 (47%) green days with 36.23% price volatility over the last 30 days.
The price prediction is based on SLP’s 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index – RSI (14).
The token is currently trading below the 200-day simple moving average (SMA). Moreover, the 200-day SMA has been signaling SELL for the last 272 days, since September 3, 2021. It is also below the 50-day SMA and this indicator has been signaling SELL for the last 55 days, since April 8, 2022. Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action.
Meanwhile, the Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 36.63, which indicates that the SLP market is in a neutral position. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.
Smooth Love Potion (SLP) Price Prediction 2022
According to the market conditions and technical analysis applied above which is supported by various independent reports, the price of Smooth Love Potion is predicted to reach a minimum level of $0.007. The SLP price can reach a maximum level of $0.007 with the average trading price of $0.007. If you are looking to purchase SLP this month, SLP is predicted to reach an average monthly limit of $0.006 while the coin will trade between a maximum of $0.006 and a minimum of $0.005.
Smooth Love Potion (SLP) Price Prediction 2023
According to the Smooth Love Potion forecast price and technical analysis, in 2023 the SLP price is expected to cross an average price level of $0.021, the expected minimum price value by the end of the current year should be $0.021. Moreover, SLP can reach a maximum price level of $0.024. The slightly positive sentiment is due to the new gaming features and market assumption that by then, Sky Mavis has stabilized the situation with respect to the Ronin side-chain hack.
Smooth Love Potion (SLP) Price Prediction 2024
If there will be more upgrades and developments in 2024, the SLP price predictions and forecasts may change. SLP can trade at a minimum level of $0.031. The SLP price can reach a maximum level of $0.036 with the average trading price of $0.032. Again, the price of SLP will hugely be influenced by the popularity of Axie Infinity.
Smooth Love Potion (SLP) Price Prediction 2025
Meanwhile, the price of SLP is expected to reach a minimum level of $0.047 in 2025. The SLP price can reach a maximum level of $0.055 with an average price of $0.049 throughout 2025. In the past, SLP has recorded huge jumps but with no significant change in the tokenomics, this is the runrate.
Smooth Love Potion (SLP) Price Prediction 2026
The price of Smooth Love Potion is predicted to reach a minimum value of $0.070 in 2028. The Smooth Love Potion price could reach a maximum value of $0.082 with the average trading price of $0.072 throughout 2026.
Smooth Love Potion (SLP) Price Prediction 2027
In 2027 the price of Smooth Love Potion is forecasted to be around a minimum value of $0.087. Moreover, the value can reach a maximum of $0.085 with the average trading value of $0.089 in USD.
Smooth Love Potion (SLP) Price Prediction 2028
The price of Smooth Love Potion is predicted to reach a minimum value of $0.050 in 2028. The Smooth Love Potion price could reach a maximum value of $0.062 with the average trading price of $0.052 throughout 2028.
Smooth Love Potion (SLP) Price Prediction 2029
The forecast for 2029 is that the price of Smooth Love Potion will reach a minimum price value of $0.10. The SLP price can reach a maximum price value of $0.12 with an average value of $0.10.
Smooth Love Potion (SLP) Price Prediction 2030
The price of SLP is predicted to reach a minimum value of $0.24 in 2030. It could reach a maximum value of $0.27 with an average trading price of $0.25 throughout 2030.