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

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.