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Smooth Love Potion (SLP) Price Prediction 2022-2030

12 May, 2022 Eduardo Ricou
Smooth Love Potion (SLP) Price Prediction

Axie Infinity lets you buy, battle and breed adorable monsters and profit with the Smooth Love Potion (SLP) token. Many people have turned to Axie Infinity as a new source of income, where the Smooth Love Potion (SLP) token is given as a reward to users playing the game, and they can spend it on breeding new creatures. However, following its impressive success, the game has been failing since July 2021. As a result, the SLP token has been on a bearish trend since then, having lost 97% of its value since the all-time high in July 2021. Can the token strengthen its position and grow in value with the release of the new Axie Infinity update? Let's try to forecast the token's future in our SLP price prediction article.

What is Smooth Love Potion (SLP)?

Inspired by the success of Pokémon, Axie Infinity launched its own game that allowed players to own their items and make real profit. As part of the game, players collect creatures called Axies. These are non-fungible tokens that users can battle, breed and trade.

That's where the Smooth Love Potion (SLP) comes into play. It's an ERC-20 token that players can earn by completing daily quests and battles with Axies. Players can use the token for breeding new Axies. Depending on how many Axies you breed, the cost of tokens starts at 100 SLP. There is a limit to the number of times Axies can be bred. Axies can only breed up to seven times in an effort to stop inflation.

Axie Infinity Games

Smooth Love Potion (SLP) history

Before we proceed to the discussion of the price prediction of SLP, let's look back at its history. Smooth Love Potion (SLP) was launched at the beginning of January 2020. The token's price broke past $0.10 on 15 March 2021, the day when Axie Infinity tweeted about new projects it was working on. It included a new battle system and a marketplace upgrade.

SLP's price dropped slightly afterwards. The token's value fell to $0.03 on 24 April 2021. However, SLP price reached its all-time high value of $0.41 on 1 May 2021. The token's price started to grow right after Ronin's update, as part of which users were allowed to migrate their Axies to the Ethereum sidenet. The update allowed players to use the network for breeding, token claiming, and running transactions in the marketplace. Still, the token could not maintain its price and fell to $0.13 on 31 May 2021. The SLP value stayed roughly at the same level next month.

July 2021 was the most active month for Axie Infinity. The Smooth Love Potion (SLP) token's price came close to its all-time high on 13 July 2021, reaching $0.40. It made the platform more popular among users. As a result, Axie Infinity's daily users and transactions almost tripled from 1 to 14 July. On 14 July 2021, the userbase reached 24,619 daily players, and the number of transactions reached 37,284.

Following its success, the SLP token started to lose its value. In September 2021, the token's price reached the $0.10 mark. In January 2022, the token's price fell even further to $0.01. Such a whopping price drop can be easily explained by Axie Infinity starting to lose its target audience. As Covid-19 hit, many users lost their jobs and had to stay at home and look for new money-making opportunities. Many turned to the game as a source of income. However, following a few changes in the game's mechanics, the rewards started to fall, which resulted in the token's price drop.

The situation started to look hopeful in February 2022, following Axie Infinity's major update announcement. The improvement included the interface update, better storylines, and game mechanics. Will further updates bring more investors in? Let's try to find an answer to this question in our Smooth Love Potion crypto price prediction.

Smooth Love Potion (SLP) Price Analysis

At the time of writing this SLP price prediction article on 5 May 2022, the token's price was $0.01269, with a 24-hour trading volume of $224,577,956. Smooth Love Potion was up 2.29% in the last 24 hours, with a market cap of $68,223,285. The token has a circulating supply of 5.38B SLP coins, and its total supply is 5,375,374,133.

Smooth Love Potion (SLP) price

$0.01269

Market cap

$68,223,285

Circulating Supply 

5.38B SLP

Daily Trading Volume

$224,577,956

All-time high

$0.4191 (1 May 2021)

All-time low

$0.008795 (3 February 2022)

Official website

axieinfinity.com

SLP Price History

SLP was launched at the beginning of January 2020. Initially, the token's value reached $0.03 on UniSwap. Smooth Love Potion was one of the first tokens of its kind, spreading the idea that one could make real revenue from playing games. Despite the excitement from SLP's founders, the market was not ready for it, which resulted in a heavy price drop below $0.01 on 1 February 2020.

Following the price drop, the token saw its first spike later that month. The SLP token climbed from $0.01 to $0.016 on 19 February 2020, following the release of the Season 1 of PVP (player-versus-player) arena. Throughout the season, the players battle each other to level up their rankings and earn more rewards.

In March 2020, SLP's price continued to drop gradually and fell below the $0.01 level. On 20 June 2020, the heavy drop stopped when the token price stopped at $0.003. A few weeks later, the token saw its first significant price spike. SLP's price value increased from $0.003 on 6 July 2020 to $0.19 on 8 July 2020, having broken the $0.10 barrier for the first time since its launch. The breakout wasn't left unnoticed; Axie Infinity commented on the event in a blog post, saying:

The increased SLP price strengthened our narrative of play to earn and brought many new eyes to our ecosystem. We were most excited to see that although many of the new community members came to speculate, they were drawn in by the game and community and have stuck around.

The price continued to grow gradually until the end of the Season 7 of the PVP arena. On 12 July 2020, the day it finished, the price dropped to $0.02.

In early August 2020, Axie Infinity applied some changes to the battle system, which resulted in the new rally of the SLP token price. The token's price reached the $0.07 value on 12 August 2020, followed by a new price drop in late August. On 1 September 2020, when Season 10 went live, SLP reached $0.07 again. This time, the players could start earning DGX, the value of which is tied to the price of gold.

In the months that followed, the SLP token saw similar spikes but has been in a bearish trend since the end of July 2021.

SLP token price history
SLP token price history

SLP Technical Analysis

The SLP token's price has never reached the $1 threshold. Since its presence in the cryptocurrency market, the token has been in a bearish trend. The maximum price of $0.4191 per SLP token was recorded on 1 May 2021. Following the all-time high, there has never been a steady upward movement. The token's price has consistently trended higher or lower with consolidations like any regular currency. There has been a steady downward price movement during the last six months.

Smooth Love Potion (SLP) price prediction for 2022, 2025 and 2030

The majority of experts agree this bear market will last for at least the first half of 2022 before we see some minor trend reversals. How high can SLP's price grow in 2022 and beyond? Let's see several Smooth Love Position (SLP) price predictions for 2022, 2023, 2025 and 2030 by some leading cryptocurrency platforms.

Trading Beasts Smooth Love Potion Price Prediction for 2022, 2025, 2030 and 2040

TradingBeasts provides accurate forecasts for many cryptocurrencies, including Smooth Love Potion price prediction. The SLP token's price is forecasted to reach $0.0207687 by the beginning of June 2022. By the end of 2022, the token's average price is expected to reach the $0.0171632 level. In 2023, SLP's price is predicted to vary between $0.0190013 and $0.0292370. TradingBeasts anticipate the Smooth Love Potion price to reach $0.0355492 by December 2025.

WalletInvestor Smooth Love Potion Price Prediction for 2022, 2025, 2030 and 2040

According to the WalletInvestor SLP price prediction, the token can be a bad, high-risk 1-year investment option. Smooth Love Potion's price was $0.0128 on 5 May 2022. However, an investment could lose value in the future. WalletInvestor doesn't expect the token's price to hit $1 in one, two or even five years.

CoinCodex Smooth Love Potion Price Prediction for 2022, 2025, 2030 and 2040

According to the Smooth Love Potion price prediction provided by CoinCodex, the token's price will rise by 28.32% to reach $0.016395 by 10 May 2022. The current sentiment is bearish. The Fear and Greed index shows Fear. According to the SLP price prediction by CoinCodex, it's now a bad time to buy the token.

CoinCodex Smooth Love Potion (SLP) Price Prediction
CoinCodex Smooth Love Potion (SLP) Price Prediction

Smooth Love Potion (SLP) Future Value Predictions in General

Generally speaking, SLP's price won't rise higher than $1 in one or five years. The token has a good use case, well-designed tokenomics and a solid team behind it. However, since its peak in July 2021, the token has been plagued by a bearish trend, which is not likely to change in the first half of 2022. This has given many SLP price predictions a pessimistic outlook on its future.

Always do your research before investing. Cryptocurrency markets are very volatile, making it difficult to make accurate predictions. The coin's value may change several times in a few hours. Research the market, consider the latest trends and news and explore expert opinions before making any investment decision.

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