Smooth Love Potion is an ERC-20 standard token on Ethereum. It is used in the game Axie Infinity to breed in-game pets known as Axies. To learn all about Axie Infinity, check here. These creatures can only be bred seven times, with the breeding price starting at 100 SLP (Smooth Love Potion token). The seventh breed, however, requires 2100 SLP tokens. This mechanism of breeding limitation is used to prevent hyperinflation of Smooth Love Potion’s price, and earning SLP itself is also a time-consuming process. Players may need to win 15 competitions to gain enough SLP to perform their first breed, but SLP is also purchasable on the open market.
At the time of writing, on May 21, 2022, the SLP token was held in more than 52,000 wallets with a trading volume of $40 million in the past 24 hours. Smooth Love Potion price may change due to having a market cap of $216 million and a market cap rank of #183. SLP’s liquidity score is 60%, meaning it shouldn’t be much of a challenge to sell this token during a bear market. Smooth Love Potion’s price also directly relies on its circulating and max supply. Currently, 39 billion SLPs are in circulation, and SLP has no maximum supply.
Disclaimer: Don't take this article as financial advice. You need to DYOR (Do Your Own Research) before investment.
Smooth Love Potion price is $0.005 today, on May 21, 2022. It is 98.6% down from its all-time high of $0.3 (on Jul 13, 2021) and is 73.4% higher than its all-time low price of $0.003 (on Jun 20, 2020). SLP’s yearly ROI is -97%, which means it has underperformed compared to other projects in similar categories, with an annual ROI of -25%. These categories are Axie Infinity, Play-to-Earn, and NFT.
The predicted price of SLP token in 2022 will not experience many ups and downs, as the experts predict that its average, minimum and maximum prices will revolve around $0.007.
Experts predict that the minimum price of Smooth Love Potion in 2023 can be $0.010, and it can possibly touch a high level of $0.011. The average price of Smooth Love Potion throughout 2023 is estimated to be $0.010.
The price of Smooth Love Potion tokens can fall to a minimum level of $0.014 in 2024. It is estimated to go up to a maximum of $0.017, with an average trading price of $0.014.
The average trading price of SLP tokens is predicted to be $0.022 in 2025. The minimum price of Smooth Love Potion can reach a minimum of $0.021, while the maximum Smooth Love Potion price can touch a high level of $0.024.
The last six months haven't been easy for the Axie Infinity ecosystem. Despite the recent challenges of the bear market, Axie Infinity’s popularity hasn’t decreased at all. In fact, it increased by 32% on Twitter and 20% on Reddit. This increase in popularity has a positive effect on Smooth Love Potion’s price and the Axie Infinity ecosystem in general.
The bear market has affected many altcoins, including Axie Infinity’s Smooth Love Potion’s price. The team behind Axie Infinity is planning to change this game’s economic model to bring back the spotlight on this popular NFT game once again; fingers crossed! Considering SLP’s yearly ROI of -97%, we may consider it a risky investment, especially during this bear market.
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