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Smooth Love Potion Price Prediction: Will Smooth Love Potion Price Go Up?

To find out whether Smooth Love Potion is a good investment, one should look at the coin’s analysis, as well as experts’ forecasts. We gathered all this information in one place, so that you can take a peek at this article and find out Smooth Love Potion predictions and other things you’d like to know!

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Smooth Love Potion Fundamental Analysis

Project name
Smooth Love Potion
Stock Symbol
SLP
Current Price
0.0178
Current Supply
3221436110

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 Live 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.

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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.

WalletInvestor SLP Price Prediction for 2022, 2024, 2026

According to WalletInvestor, Smooth Love Potion price will drop from $0.0178 to $0.00179 in one year. That makes SLP an bad investment. The long-term earning potential is -89.94%.

TradingBeasts SLP Price Prediction for 2023

Answering the question about if Smooth Love Potion is a good investment, TradingBeasts say a resounding yes. In the 2022 perspective, this coin price is predicted to reach $0.0270620 with a growth to $0.0427085 by the end of 2023.

DigitalCoin SLP Price Forecast for 2022, 2023, 2024, 2026

In DigitalCoin analysis, the price of Smooth Love Potion cryptocurrency will rise in the next 5 years starting from $0.0272566 as of today’s price to $0.1206619. It will go up to $0.0402857 by 2023 and starts its reduction in 2024-2025. Based on this forecast, Smooth Love Potion is a profitable long-term investment.
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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).
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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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Exchange Smooth Love Potion

This pair is not available for exchange