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Smooth Love Potion Price Prediction

An up-to-date Smooth Love Potion price prediction for 2021, 2023, 2025. Wondering what is the future of SLP price? Find out Smooth Love Potion price forecast with historical, fundamental and technical analysis.
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Smooth Love Potion Fundamental Analysis

Project name
Smooth Love Potion
Stock Symbol
SLP
Curr. Price
0.05907
Curr. Supply/Total Supply
2145135756
ROI Since Launch
No Data
Launch Date
No Data

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.

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.

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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