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

With the fast development of the crypto world in the last 2 years, many revolutionary projects appeared in the industry. Axie Infinity came out as a game with a new play-to-earn concept and shortly was played worldwide, providing the opportunity to earn income in crypto, which was especially appreciated in developing countries. Smooth Love Potion is a reward token of the game and for a while, it became a must-have for many crypto lovers. Read our Smooth Love Potion Price prediction to see what is going to happen to the asset in the nearby future.

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Smooth Love Potion Fundamental Analysis

Project name
Smooth Love Potion
Stock Symbol
SLP
Current Price
0.002612
Current Supply
8396588339

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

The token started in 2021 traded for $0.05, but just one month later went for a great bull rally, that could be explained not only by the general crypto trends at the moment but also by rolling out of Ronin  — Ethereum sidenet, made specially for Axie Infinity, allowing to decrease gas fees. 

After 5 weeks of surging, the token hit $0.1 on March 15. As the project team was constantly updating the game, it increased the community interest in the asset. This was followed by a slight market correction, that turned to a downtrend in April with SLP coin falling as low as $0.03. 

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. 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. 

This successful season didn’t last for too long though and SLP token started to lose in value from August. In September the asset fell below $0.10 for the first time in many months and SLP price chart continued to decline even further in December when the asset was pulled off to $0.05. 

Such a change of trends was partly explained by the changes in reward mechanics, which made it harder for players to earn in the game. Currently, SLP continues to lose value. After the long bearish trend the coin seemed to start recovering in the middle of February, jumping from $0.01 to $0.03, but right after that went back to the downtrend.

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.

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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.

Smooth Love Potion Price Prediction for 2022

As for Smooth Love Potion price predictions for the rest of 2022, there are divergent opinions. TradingBeast expects a downturn towards $0.001933, and WalletInvestor echoes with ~$0.001855 by the year’s end. Other experts, for example, from PricePrediction.net, are more enthusiastic about Smooth Love Potion’s future price, citing upwards of $0.005015 in December.
Potential ROI: 12% Buy

Smooth Love Potion Price Prediction for 2023

In their Smooth Love Potion price predictions for 2023, PricePrediction.net’s forecasts the coin’s price to go above $0.002769 by December. Forecasting Smooth Love Potion's future, TradingBeast expects further growth, too, saying the Smooth Love Potion price will reach ~$0.003073 by that time. On the contrary, WalletInvestor keeps predicting Smooth Love Potion price decline, quoting prices around ~$0.001175 in 2023.
Potential ROI: -10% Sell

Smooth Love Potion Price Prediction for 2024

Smooth Love Potion price predictions for 2024 are still predominantly negative, with some analysts promising prices in the $0.000705–$0.001802 range (PricePrediction.net, WalletInvestor), while TradingBeast takes a different view and cites the possibility of the price reaching $0.003442 in December 2024.
Potential ROI: -24% Sell

Smooth Love Potion Price Prediction for 2025

Both WalletInvestor and PricePrediction.net predict the Smooth Love Potion market to grow in 2025, resulting in $0.003317 and $0.004597 by the end of the year respectively. Other Smooth Love Potion price forecasts support the idea: TradingBeast forecasts Smooth Love Potion to reach $0.003373 by December 2025.
Potential ROI: 44% Buy

Smooth Love Potion Price Prediction for 2030

Most experts are expecting a bleak future for Smooth Love Potion: long-term Smooth Love Potion price predictions promise significant decline by 2030. WalletInvestor predicts the price to reach $0.002246, while TradingBeast goes down for $0.002125. PricePrediction.net also puts not so big hopes on Smooth Love Potion in the long term: its Smooth Love Potion prediction for 2030 is $0.000784.
Potential ROI: -34% Sell
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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).
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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