Smooth Love Potion SLP live coin price, charts, markets & liquidity
دسته: Cryptocurrency service
As a result, you may need to convert your dollars, pounds or euros into a mainstream cryptocurrency such as Ethereum first. If the number of Axie Infinity players increase substantially, this could result in much higher levels of SLP entering into the ecosystem as more competitions are won and lost. Nguyen says Axies are different from other non-fungible tokens because of how they need to be nurtured if they are going to have any chance of reaching adulthood. Nguyen says that the breeding process, for which SLP is used, is designed to be familiar to those who have played other collectible games such as CryptoKitties.
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- The 200-day SMA is calculated by taking Smooth Love Potion’s closing prices in the last 200 days, adding them together, and dividing the total by 200.
- It’s fairly unusual for in-game currency to be listed on exchanges like SLP has.
- Its previous issuance rate resulted in SLP’s price decline because the token’s supply vastly outweighed demand.
- Additionally, SLP can be a form of payment at certain stores, restaurants and other establishments in the Philippines, where Axie Infinity is a tremendously popular game.
- They are a lagging indicator which means they are influenced by historical price activity.
Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of SLP. The market capitalization of Smooth Love Potion can change significantly in a short period of time. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Smooth Love Potion’s price action in 1-hour chunks.
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Its previous issuance rate resulted in SLP’s price decline because the token’s supply vastly outweighed demand. It’s fairly unusual for in-game currency to be listed on exchanges like SLP has. In a way, it’s like Nintendo deciding to tie monetary value to the coins used in Super Mario. SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth and 1,300 for the sixth.
Smooth Love Potion Price Prediction 2024
The current Smooth Love Potion sentiment is bullish according to our technical analysis. Rewards are tied to completing player vs. environment (PvE) and player vs. player (PvP) objectives in the game. The SLP token lets players breed Axies, which are in-game characters that can be used in battles or sold. Additionally, SLP can be a form of payment at certain stores, restaurants and other establishments in the Philippines, where Axie Infinity is a tremendously popular game. Based on multiple technical quantitative indicators, the current forecast for Smooth Love Potion in 2024 is bullish. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Smooth Love Potion or not.
The price of Smooth Love Potion increased by 36.08% in the last 1 year, while the coin’s 3-year performance is -95.27%. In , () is anticipated to change hands in a trading channel between and , leading to an average annualized price of . This could result in a potential return on investment of compared to the current rates. SLP saw a second peak to $0.36 in early May 2021, but the price dipped to $0.08 late that month. A subsequent push culminated in the all-time high in July 2021, but the SLP price has trended down ever since then, resulting in a decrease of over 95% as of May 2022. When it comes to tokenomics, the number of SLP in circulation is rather fluid.
Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. According to our historical data, it is currently profitable to invest in Smooth Love Potion.
Nonetheless, at the time of writing the circulating supply of SLP was in the tens of millions — and this ERC-20 token does not have a hard cap. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SLP price. Over the past 7 days, Smooth Love Potion price was most positively correlated with the price of and most negatively correlated with the price of .
In addition to the simple moving slp coin forum average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. Smooth Love Potion traders use a variety of tools to try and determine the direction in which the SLP market is likely to head next. Many cryptocurrency traders pay close attention to the markets when the current Smooth Love Potion price crosses an important moving average like the 200-day SMA.
This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Smooth Love Potion prediction. The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Smooth Love Potion. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. The 200-day SMA is calculated by taking Smooth Love Potion’s closing prices in the last 200 days, adding them together, and dividing the total by 200. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.
Smooth Love Potion produces its own wallet software that is available for download on its website, which allows you to store Smooth Love Potion on your computer. Currencies that are positively correlated with Smooth Love Potion indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Smooth Love Potion, a move in one direction for Smooth Love Potion would translate into a move in the opposite direction for the negatively correlated coin. Find out more on our deep dive on Axie Infinity, and how Axie Infinity compares to CryptoBlades, another popular Play2Earn game. All of this means that you may have a little difficulty purchasing SLP directly with fiat.