![]() ![]() SLP traded down to $0.011 in June and then rallied to $0.4088 in July. Volatility increased as the price bounced and slipped back twice more in May. It then rapidly spiked to a high of $0.4191 on 1 May, before dropping back to $0.1477 on 12 May. ![]() The SLP cryptocurrency price hovered between $0.0095 and $0.01 from July 2020 until the end of April 2021. Launched in 2018 by game studio Sky Mavis, Axie Infinity has surpassed CryptoPunks, one of the first major NFT collections that launched in 2017, with a total traded volume of more than $2.84bn, compared with $1.56bn for CryptoKitties, according to DappRadar. The rapid growth in the popularity of the game has created a ‘scholarship’ model, in which ’managers’ rent out their Axies to ‘scholars’, who use them to earn income.Īxie Infinity is open source, so the art and Axie genetic data is accessible to third parties to build their own experiences. “Axie has attracted thousands of players from developing countries in the pursuit of a new income stream during the Covid pandemic,” according to the white paper. The blockchain-based design enables Axie to reward players for their contributions to the ecosystem, which it‘s dubbed the “play to earn” model. Many of the original team members met playing Crypto kitties, and it was their first time ever using Blockchain for anything other than pure speculation.” “Axie was built as a fun and educational way to introduce the world to blockchain technology. There is no cap on the supply of SLP tokens. New players need to buy Axies to join the game. Players can use SLP to breed digital pets called Axies, which are non-fungible tokens ( NFTs) that they can sell to other players in the Axie Infinity Marketplace. Axie Infinity is built on the Ethereum blockchain, and SLP is an ERC-20 token. The smooth love potion coin, previously known as ‘small love potion’, is a utility token that players in the Pokémon-inspired Axie Infinity universe can earn as rewards for gameplay. SLP forms Axie Infinity play-to-earn economy ![]() In this article, we look at the project’s recent developments, latest SLP coin news and some of the price projections for years ahead. What is smooth love potion and how does it work? Do forecasts suggest the SLP crypto price will rebound in the future, or will it continue to shed value? On 15 December they retweeted a quote from Jeffrey Zirlin one of the co-founders of Axie saying that the organisation had sufficient funding for 15 years of work. The project's management though are not too concerned with the price. ![]() Smooth Love Potion's token (SLP), used in the Axie Infinity gaming metaverse, continues on its drive downwards having dropped over 90% from its July high to today's (21 December) price of $0.0302. ![]()
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