Axie Infinity uses a dual-token mechanism – AXS (Capped Supply) and SLP (Uncapped Supply). In this article, we are going to discuss about the uncapped supply token – SLP.
Smooth Love Potion (SLP) is a game token invented by Axie Infinity. Furthermore, the token is ETH-based, and its existence on the Uniswap liquidity pool allowed it to enter both the gaming and Defi worlds. It is a simple game crypto token useful for intriguing purposes. The coin is the primary crypto token for breeding creatures in Axie Infinity. Let us review SLP Price.
SLP Price Prediction
SLP has demonstrated a bullish gain in a smaller time frame (4-hour), as shown in this SLP price forecast chart. Its price increased by 350 percent in USD, indicating high buying activity around the $0.0087-$0.01 price range. Since last week, we’ve been in a correction phase, with the price in USD dropping over 50%. This was not a surprise since we saw a 3x price increase from its bottom price.
According to the chart above, if the bullish momentum continues and SLP trades above the support zone at $0.018, the price of SLP might move towards the $0.0266 resistance1 level and the $0.042 resistance2 level. If the resistance at $0.042 flips to support, we could start seeing a trend reversal and a move towards $0.08 to $0.1 seems likely.
If the support at $0.018 breaks, we could start seeing a drop towards $0.017 and $0.0136.
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Images courtesy of TradingView.
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