The price of SLP spiked amid growing demand for the in-game currency from players and probably speculation on Axie Infinity’s phenomenon. Listings on major exchanges also helped the coin climb higher. The live Smooth Love Potion exchange rate varies from moment to moment as transactions take place on exchanges all over the world. Given the volatility of cryptocurrencies, prices can rise or fall significantly in a short period. If you’re considering a purchase, take a moment to check out Kriptomat’s Recurring Buy program. This innovative portfolio-building service allows you to schedule automatic purchases on a weekly, bi-weekly, or monthly schedule.
- However, the tokenomics model of SLP turned out to be flawed.
- Any number of things could affect SLP’s value in the future, including changes to regulation, the rate of adoption by retail and institutional investors, and technological developments.
- Whilst the Axie Infinity ecosystem consists of other tokens , SLP is the main token used to earn income.
- This could be due to people turning to crypto in the face of weakened national economies.
- Axies body parts’ abilities vary, i.e. they have completely different values, benefits, and skills from one game to another.
Analysts don’t have a united opinion on the future of SLP token. Most of them assume that the asset won’t be able to escape bearish trends, but some other market observers expect Smooth Love Potion token to recover and skyrocket in a long-term period. The situation changed in May on the edge of the bullish trend and SLP token hit its all-time high of $0.41 on May 1. The asset couldn’t sustain this high level and started to go down, reaching $0.13 on May 31.
Small Love Potion Price Chart US Dollar (SLP/USD)
Smooth Love Potion is a digital pet universe on the blockchain. You’ll then be able to claim your SLP rewards and transfer them to your wallet. Axie Infinity was also not able to strike a balance between the SLP issuance and burn, as evidenced by the token’s performance. cryptocurrency trade signals These restructuring measures marked Axie Infinity’s move to a high-skill game economy, but it appears that the transition did not have the desired effect. Instead, the modification exacerbated the decline of active users that started in November 2021.
The market capitalization of a cryptocurrency is its current price multiplied by its circulating supply . Axies can be collected, raised, trained, and used for battles within the Axie Infinity universe. Each AXIE has unique characteristics to define rarity as bitcoin reaches new all time highs are more investors using cryptocurrency as an inflation hedge and strength with all genetic information stored on the blockchain. When two Axies are bred, the spent SLP is burned and replaced with a new Axie NFT. Each successive breeding requires more SLP token depending on the Breed Count of each parent Axie.
Most Popular SLP conversion
The period was not very friendly for most cryptos, but SLP managed to remain above $0.1. Despite the general tendencies, the token was gaining value during the summer season and even came close to its high milestone, but was unable to beat it. The most common way of converting SLP to EUR is by using a Crypto Exchange or a P2P (person-to-person) exchange platform like LocalBitcoins, etc. The ultimate tools for crypto traders to maximize trading profits while minimizing risk and loss.
Is Axie profitable?
How Players Generate Income. To play, gamers need to purchase three Axies, which can cost around $350 each (as the game's popularity has increased, the cost of Axies has risen). Players can earn about $10-50 worth of digital assets per day by playing the game. Players can also earn by selling SLPs or Axies.
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. No content on our site is meant to be a solicitation or offer. The fully diluted market value is referring to a cryptocurrency’s market cap when/if its total supply is issued.
What was the highest price for Smooth Love Potion?
Smooth Love Potion can be traded across 61 different markets and is most actively traded in Katana. Being a utility token, SLP can be obtained through playing, bought, or earned. Users can earn SLP tokens by winning competitions and tournaments in a player versus player triangular arbitrage problems or player versus environment arenas and completing in-game adventures in the Axie Infinity game. The daily challenge includes 10 Adventure wins and 5 Arena matches wins and allows earning 50 SLP. They are able to claim the earned coins manually every 14 days.
How do I convert SLP to cash?
You can now sell your SLP on P2P and get paid either through Gcash or to your desired Bank account. To go to P2P, toggle over “Trade” found on top of the site, then click “P2P”. To sell your SLP or USDT in P2P, select “Sell”, then select the cryptocurrency you are using. Enter the amount in Peso (PHP).
This can reduce the supply depending on token demand and overall player activity. Own 30+ cryptoassets on an easy-to-use platform, and share in the knowledge of 25m+ users. Circulating supply shows the number of coins or tokens that have been issued so far. The percent change in trading volume for this asset compared to 7 days ago. The percent change in trading volume for this asset compared to 1 hour ago.
Smooth Love Potion Price Overview
Axie Infinity Shards or AXS is another ERC-20 Axie Infinity token. AXS holders have the right to decide on the use of Marketplace fees, which are collected in the Community Treasury. In addition, they can determine how the game evolves in time. Over the last day, Smooth Love Potion has had 0% transparent volume and has been trading on 114 active markets with its highest volume trading pairs being .
How much SLP can you earn in a month?
The short answer is money. As mentioned above, you can make a minimum of 150 SLP per day. As of writing this, 150 SLP is around $40. That's 4500 SLP each month or $1200.
There are hundreds of Axies with different body parts, appearances, and unique characteristics that reflect their availability and fighting power. Axies body parts’ abilities vary, i.e. they have completely different values, benefits, and skills from one game to another. Creatures also have their own unique card images that players can collect. All pets’ genetic information is stored on the Ethereum blockchain. Smooth Love Potion’s 24 hour trading volume is $ 6.00 Million.
From here, either head to the Spot Trading section of the exchange and sell, or trade directly with your peers via ZB’s completely free P2P trading. Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.
- The trading volume of Smooth Love Potion is 9,576,915 in the last 24 hours.
- As ZB.com is the world’s most secure digital asset exchange, there is no safer place to trade SLP than with ZB.
- The total dollar value of all transactions for this asset over the past 24 hours.
- It has a circulating supply of 40 Billion SLP coins and a total supply of ∞.
Axie Infinity and the SLP token were co-founded by current CEO Trung Nguyen in 2018. A lot of blockchain technology has focused on financial services. In response, Axie Infinity was created as a fun and educational gaming platform to encourage the adoption of blockchain and NFT technology beyond purely financial services.