Therefore, with the expansion of blockchian gaming, Axie Infinity will automatically gain and thereby it will help in increasing the demand f SLP tokens. Smooth Love Potion (SLP) is the primary in-game asset of Axie Infinity. Axie Infinity is one of the most popular blockchain-based gaming cryptocurrencies. Will Smooth Love Potion Reach $1: Why SLP May Reach $1?Įxpansion of Blockchain Gaming: The blockchain gaming industry is expanding and SLP is bound to play a very important role in it. SLP Price Prediction: Axie Infinity NFT collection statsĪs per the data from DappRadar, Axie Infinity’s NFT sales are down by 7% in the last 30 days. At the moment, SLP is not a good investment. The only way they can recover is via better game quality or a significant increase in reward. Overall, SLP and other Play-to-Earn tokens are heavily reliant on Macroeconomic liquidity. However, the number of active users per day on the Axie Infinity platform has risen rapidly to above 70k On 9th May 2022, the active user count fell below 1 Million for the first time in 2022 and since then it has been falling rapidly. The peak daily user count on the Axie Infinity platform was 2.7M. This is well below the number of players who visited the platform before May 2022. In the last 30 days, the platform saw 362,883 players visiting the platform. SLP Coin Price Prediction: Performance in the Last 6 MonthsĪxie Infinity Live Players Data (Last 30 Days): There has been a drop in the number of players on the Axie Infinity platform. SLP coins can also be used for making payments to various merchants in the Philippines.Users can trade SLP tokens with other cryptocurrencies on the crypto exchange platform.SLP tokens are used to reward the players when they win fights with their Axies.SLP tokens can be used to breed Axies within the ecosystem of Axie Infinity.The following are the primary use cases of SLP tokens: In other words, the current play-to-earn models will not be viable unless they are enjoyable irrespective of the reward or the reward is substantially higher than the time spent (Example: Gambling).Cryptocurrency prices in turn are influenced by numerous reasons including macro and industry factors.Earning value (in dollars) falls if the cryptocurrency underperforms in the market However, payout value (in dollars) is reliant on how well the in-game token is performing on the cryptocurrency exchange.This implies that the games lack strength in quality and are heavily reliant on payouts. Almost all Play to earn games have struggled once earning potential is down.This may sound obvious but remember they are thousands of games where there is nothing to earn and yet has people hooked. Play to Earn Games tend to do well when rewards are high.Here is what we learned about Play to Earn gaming Some estimates suggest Play to Earn could grow 20-fold over the next 3 years. ![]() Gaming and Play-to-earn games will remain popular over the next 10 years. SLP serves as a native in-game currency for Axie Infinity games. One of the interesting facts about the SLP token is that the Smooth Love Token is burned every time new Axies are bred. Smooth Love Potion tokens are earned by playing Axie Infinity games as the project was founded by Trung Nguyen, who left his role as a software developer in the U.S. ![]() Smooth Love Potion (SLP) is an ERC-20 token used in the Axie Infinity gaming universe. ![]() SLP Price Prediction: Is Smooth Love Potion a Good Investment? New missions and prizes are added daily, including Genkai and Origin axies. Players have the chance to win free Genkai, axies, and RON tokens by completing social and on-chain missions. Ronin Network is gearing up for the upcoming CyberKongz Genkai reveal by extending their Gacha quests.To welcome them, verified CyberKongz holders will receive a gifted Axie Origins team for two weeks. Recently, the CyberKongz community joined Lunacia, showing interest in Axie Origins.
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