Smooth Love Potion Price Prediction 2023-2030: Will SLP reach $1? (2024)

Latest SLP Price

SLP Coin Price Prediction: SLP’s Past Performance

• Sep 2023: -1.2%
• Oct 2023: +62.2%
• November 2023: +8.9%
• Last 12 Months: +33.7%
• Since Launch (2020): -98.3%

• Unique Holders 58,820 (Rising)
• Share of the Top 100 holders is 83.8% [Decreased]

Latest SLP Statistics

• Axie Infinity NFT Stats (Last 30 Days):
  • Sales: 178.83 K, Up by 39.5%.
  • Average Price: $248.3, Up by 100%.
• Gaming, 30 days
  • UAW: 117.7 k, Up by 90.2%
  • Volume: $72.7 M, Up by 139.7%
• The creator of ‘Axie Infinity,’ Sky Mavis, has announced a partnership with Singapore-based gaming developer Foonie Magus to bring a new video game called ‘Apeiron’ to the Ronin blockchain. Sky Mavis, known for the play-to-earn blockchain game ‘Axie Infinity,’ aims to expand its ecosystem with this collaboration.
• Axie Infinity proudly announces its partnership with Grab (@grabph) for the Axie Merch store. In this collaboration, the Grab app will direct users in Southeast Asia to explore the merchandise store, allowing them to earn rewards through Grab points and receive an exclusive 10% discount code for their purchases.

Smooth Love Potion Price Prediction Today, Tomorrow and Week

• Smooth Love Potion SLP Price Prediction in the next 24 hours is between $0.00289 and $0.00309
• Smooth Love Potion SLP Price Prediction this week is between $0.00273 and $0.00308

SLP Price Prediction 2023, 2025 and 2030, Aggregated

• Smooth Love Potion SLP Price Prediction 2023 is $0.00367
• Smooth Love Potion SLP Price Prediction 2025 is $0.00889
• Smooth Love Potion SLP Price Prediction 2030 is $0.0488

Will Smooth Love Potion Reach $1: Why SLP May Reach $1?

Expansion of Blockchain Gaming: The blockchain gaming industry is expanding and SLP is bound to play a very important role in it. Axie Infinity is one of the most popular blockchain-based gaming cryptocurrencies. Smooth Love Potion (SLP) is the primary in-game asset of Axie Infinity. Therefore, with the expansion of blockchian gaming, Axie Infinity will automatically gain and thereby it will help in increasing the demand for SLP tokens.

Limited Supply: Limited supply is one of the advantages of SLP. Currently, the circulating supply of SLP tokens is 41.3B. Now once the market condition improves, there are higher chances of demand for SLP increases. Once the demand increases the chances of the supply of SLP going down are very high. With limited supply and rising demand, SLP prices may start rising and may reach $1 or above shortly.

If we look at the SLP future price predictions, there are hardly any chances of SLP reaching $1 even by 2030. However, it must be remembered that all these predictions are aggregate predictions from multiple platforms. It is dependent on the current market condition. As the market condition improves, the future price prediction of SLP will also improve.

However, a question arises, Will Smooth Love Potion Reach $1, if Yes, then when and how will Smooth Love Potion Reach $1? To check when and how SLP will reach $1, some calculations will give a clear picture of it.

How Will Smooth Love Potion Reach $1?

At the current price and the market condition, the earliest time duration for SLP to reach $1 is 14 years, provided it gains 50% a year from now.

SLP Coin Price Prediction: Will SLP reach $10?

In order for SLP to reach $10, it would need to increase by a factor of 3,888. At $10, SLP’s Market Cap will be $404.1 Billion. If it were to grow at a rate of 25% each year, it would take about 29 years to reach $10. Let us evaluate this data

• Quality of Investment- Moderate
• Growth required to reach $10- Too High
• Market Cap at $10- Not Feasible
• Time required to reach $10 if XDC were to rise at 25% per annum- Not Feasible

Considering the criteria Quality of Investment, growth required and time required, SLP has a low chance of reaching $10.

SLP Price Prediction: Is Smooth Love Potion a Good Investment?

Smooth Love Potion (SLP) is an ERC-20 token used in the Axie Infinity gaming universe. 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. to focus on the project. One of the interesting facts about the SLP token is that the Smooth Love Token is burned every time new Axies are bred.

SLP serves as a native in-game currency for Axie Infinity games. Gaming and Play-to-earn games will remain popular over the next 10 years. Some estimates suggest Play to Earn could grow 20-fold over the next 3 years. Here is what we learned about Play to Earn gaming

1. Play to Earn Games tend to do well when rewards are high. This may sound obvious but remember there are thousands of games where there is nothing to earn and yet have people hooked.
2. Almost all Play-to-earn games have struggled once earning potential is down. This implies that the games lack strength in quality and are heavily reliant on payouts.
3. However, payout value (in dollars) is reliant on how well the in-game token is performing on the cryptocurrency exchange. Earning value (in dollars) falls if the cryptocurrency underperforms in the market
4. Cryptocurrency prices in turn are influenced by numerous reasons including macro and industry factors
5. 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)

SLP Use Cases

The following are the primary use cases of SLP tokens:

• SLP tokens can be used to breed Axies within the ecosystem of Axie Infinity.
• SLP tokens are used to reward the players when they win fights with their Axies.
• Users can trade SLP tokens with other cryptocurrencies on the crypto exchange platform.
• SLP coins can also be used for making payments to various merchants in the Philippines.

Overall, SLP and other Play-to-Earn tokens are heavily reliant on Macroeconomic liquidity. The only way they can recover is via better game quality or a significant increase in reward. At the moment, SLP is not a good investment.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.