Blockchain-based games are a new trend that took the crypto industry by storm. The play-to-earn (P2E) gaming model used by most of these games allows users to earn in-game assets that can be exchanged for cash. So far, one of the most popular and successful P2E games is Axie Infinity.
Inspired by Pokémon, users can breed, raise, collect, and trade Axies, NFTs representing fantasy creatures. In this game, players are rewarded with Smooth Love Potion (SLP) tokens, which can be used to breed new Axies. Users can also cash out their SLP holdings if they prefer.
But how profitable is it to hold SLP tokens? Are they suitable as an investment? We will answer these and other questions in the following SLP price prediction for the coming years.
What Is Smooth Love Potion (SLP)?
SLP is an ERC-20 token that players in the Axie Infinity game can earn as a reward. Players can use this utility token for breeding Axies, NFTs representing digital pets with unique traits and capabilities. Breeding an Axie has an initial cost of 100 SLP. But the price increased gradually, depending on how many Axies the player has already bred (with a maximum of seven Axies). Breeding the seventh Axie costs 2,100 SLP.
As expected, a player must spend some time playing the game to earn enough SLP tokens to breed their first Axie. In most cases, a player must win 15 competitions to accrue the necessary tokens. Alternatively, players can buy SLP on the open market (crypto exchanges) to get a head start. There is no cap on the supply of SLP tokens.
SLP Live Price Chart
As of March 19, 2023, SLP traded at approximately $0.0029. CoinMarketCap ranks SLP as the 239th most valuable cryptocurrency by market capitalization. Other relevant data for the previous date are summarized in the table below. Take into account that these data are continuously updated. Hence, you must consult an SLP live price chart for the current values.
Smooth Love Potion History Price
SLP launched in January 2020 on Uniswap at around $0.03. It was one of the pioneering P2E tokens in the market. But despite the excitement from its development team, the SLP price dropped below $0.01 in February of that year. Despite some price spikes, SLP ended trading at $0.003 on June 20. However, on July 8, the SLP token reached $0.19. However, it was a short-lived run. On July 12, SLP traded at approximately $0.02. It ended the year at that price level.
Things dramatically changed for SLP in 2021. At the beginning of February, the SLP price showed an uptrend. This token traded above $0.10 on March 14. On May 1, the SLP price reached its all-time high at $0.4191. But on May 22, the price dropped to $0.116. There were two remarkable price runs in July of that year, in which the SLP price went above $0.30. However, this token could only keep that value for a short time. It ultimately ended 2021 at approximately $0.027.
2022 was not a good year for the SLP token. The crypto winter and a change in the game’s mechanics led to a bearish trend for SLP throughout the year. This token’s price was around $0.002 on the last day of 2022. In 2023, the SLP price has shown slight signs of recovery. As of March 19, 2023, this token traded at a little less than $0.003.
Smooth Love Potion Crypto Prediction
SLP Price Prediction 2024
Although Axie Infinity was a hit, SLP failed to maintain its success during the brutal crypto winter of 2022. However, experts remain optimistic about the future of this token. BitcoinWisdom and PricePrediction expect the average and maximum SLP prices in 2024 to be $0.004. For its part, DigitalCoinPrice is slightly more optimistic, predicting an average and maximum price of $0.006. Hence, if you invest in SLP at the current trading price of $0.003, you could have a maximum gain of +100% this year.
SLP Price Prediction 2025
In 2025, PricePrediction expects the average SLP price to be $0.008, with a possible maximum of $0.009. For its part, BitcoinWisdom forecasts an average price of $0.009, with a potential maximum of $0.01. DigitalCoinPrice predicts average and maximum prices of $0.01. It means you could reap a maximum gain of +233% in 2025 if you invest at the current trading price of $0.003.
Smooth Love Potion Price Prediction 2030
Price predictions for the distant future rarely have a consensus. That is the case with the SLP price in 2030. BitcoinWisdom predicts an average price of $0.023, with a possible maximum of $0.024. For its part, DigitalCoinPrice indicates average and maximum SLP prices of $0.029. PricePrediction is significantly more optimistic, forecasting an average SLP price of $0.057 in 2030, with a potential maximum of $0.067. You could get a maximum gain of +2,133% in 2030 if you invest in SLP at its current trading value of $0.003.
Conclusion
Axie Infinity popularized the P2E gaming model through which players could earn cryptocurrency by playing a blockchain-based game. This game's popularity peaked in 2021 when many people in developing countries turned to Axie Infinity as their source of income. Unfortunately, this game's popularity significantly declined due to the drop in rewards. Hence, the future of the SLP token is uncertain. However, such a risky investment could yield good returns in the long run. If you want to invest in the SLP token, LetsExchange.io allows you to buy this digital asset at competitive rates. Besides, you can exchange more than 4,000 digital coins and tokens easily and without hassle.
Smooth Love Potion Price Forecast FAQs
Will Smooth Love Potion go up?
According to several price predictions, the SLP token will increase its price in the coming years.
Is Smooth Love Potion a good investment in 2024?
It might be. The SLP token lost a lot of value in 2024. However, price predictions indicate this token could yield good returns in the long run. Keep in mind that investing in cryptocurrencies is risky. Hence, research this token thoroughly before you invest in it.
Can Smooth Love Potion reach 1$?
It is unlikely. At least, it will not happen in this decade.
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