Smooth Love Potion (SLP) is skyrocketing in value just prior to the launch of Season 20 of Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Infinity, the world’s most popular play-to-earn blockchain game.
In a matter of days, the SLP token triples in value. As of February 12, 2022, SLP is now selling for $0.027 with a 24-hour range of.024 -.032.
The in-game currency has a market capitalization of $927,503,521 and a trading volume of $1,365,400,410 during the 24-hour period.
SLP is now the 102nd largest cryptocurrency by market value.
The rally occurs following a significant update to the game’s economy, which removed player benefits for completing key in-game tasks, such as Adventure Mode SLP and Daily Quest SLP.
Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Infinity: How Does It Work?
In the world of play-to-earn games, Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February is a well-known title. Its gameplay is inspired by classic games like Pokémon and Tamagotchi.
Players can gather, breed, combat, and trade “Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-Februarys” in the game. SLP tokens are earned as rewards and can be redeemed for in-game features such as breeding new species.
SLP/USD price at $0.028230 in the daily chart | Source: TradingView.com
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SLP is an ERC-20 token that acts as an in-game currency in Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Infinity, a popular blockchain-based game.
Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Infinity allows users to collect one-of-a-kind digital creatures called Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-Februarys.
Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-Februarys are NFTs that can be bred, sold, or used against other players in combat. The Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Infinity game utilizes a multi-token economy and Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Infinity Shards (AXS) as the ecosystem’s governance token.
SLP cryptocurrency is used in-game to support Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February breeding. The Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Metaverse allows for the buying, selling, exchange of other cryptocurrencies on supported exchanges.
How Does Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Rewards Work?
One of the most recent updates to Season 20 appears to be a 56% reduction in the daily supply of SLP tokens.
SLP will be removed from daily questing and adventure mode, further increasing the token’s scarcity.
SLP/BNB was added as a trading pair on Binance earlier this week, allowing traders to now exchange BNB for SLP on the exchange.
When tokens are listed on a major exchange such as Binance, they frequently experience a price increase as the token becomes more accessible to new investors.
While Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Infinity’s SLP has seen significant increases in recent months, it remains well below previous highs. Only seven months ago, the SLP token has been trading at $0.39 per unit.
Meanwhile, the game continues to attract an increasing number of players and investors.
According to Crypto Records Australia, an Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Infinity land plot NFT sold for a record-breaking US$2.48 million in November.
Related Reading | Philippine Government Requires A Cut In Profits From Popular Games Like Axie-Infinity-Smooth-Love-Potion-SLP-Explodes-With-300-Gain-This-February Infinity
Featured image from Crypto Economy, chart from TradingView.com
