Huge spike for SLP coin, it went up by 63.31% in the last 24h, at the time of writing this blog.
What is Smooth Love Potion and what is its role in the market?
On their site gemini.com wrote:
"Smooth Love Potion is a utility token used on the Axie Infinity ecosystem. Axie Infinity is a Pokémon-inspired universe built on Ethereum where anyone can earn tokens through skilled gameplay and contributions to the ecosystem."
That's what gemini.com says about Smooth Love Potion.
SLP's price dropped by a lot from its high at: $0.428 on 24. April 2021. (price right now is $0.0227).
Can the coin come back to it's peak, or will it go down further?
This is what Capital.com had to say about the future of the coin and their findings:
Technical SLP price analysis from CoinCodex remained bearish with the price at $0.01 at the time of writing on 3 February. There were 24 indicators giving bearish signals and five bullish signals. But, according to CoinCodex’s short-term smooth love potion price prediction, the coin could rise by 34% to $$ 0.012022 by 8 February.
Algorithm-based analysis site Wallet Investor was bearish in its long-term SLP crypto prediction. The site projected that SLP could trade down to 0.000662 by this time next year and drop further to $0.000217 by February 2023. By 2027, the price could fall to $0.0000643722, the data showed.
Gov Capital predicted that the SLP price could fall effectively zero by February next year.
In contrast, the SLP token price prediction from DigitalCoin expected the coin to move higher based on historical data, estimating that the price could average $0.0189 in 2025, up from $0.0123 in 2022, and average $0.0378 by 2029.
Price Prediction’s SLP forecast was also positive on the outlook for the long-term, projecting that the price could rise from an average of $0.012 in 2022 to an average of $0.038 in 2025 and $0.25 in 2030.
What do you think about this coins rises and falls? Did you invest any money in it and will you ever invest?
Let me know in the comments below!
Good luck in the world of crypto!
