Will SLP reach $1? SLP Price Prediction 2024-2030

Latest SLP Price

Unique Holders 60.9k (Steady), Share of the Top 100 holders is 82.9% [Steady]

SLP Coin Price Performance

Last 7 Days	-25.3%
Last 1 Month	-28.6%
Last 12 Months	+38.1%

Smooth Love Potion – Buy or Sell Poll

• Feb 11th: +41.7%
• Feb 16th: +50.0%
• March 3rd: +30.0%
• April 16th: +44.0%

What are the Signals and Predictions?

Influencer Price Targets

• JavonTM1: $0.089

• Smooth Love Potion SLP Price Prediction in the next 24 hours is between $0.00367 and $0.00402
• Smooth Love Potion SLP Price Prediction this week is between $0.00357 and $0.00422

SLP Price Prediction 2024-2025-2030, Aggregated

• Smooth Love Potion SLP Price Prediction 2024 is $0.00623
• Smooth Love Potion SLP Price Prediction 2025 is $0.00863
• Smooth Love Potion SLP Price Prediction 2026 is $0.0136
• Smooth Love Potion SLP Price Prediction 2027 is $0.0161
• Smooth Love Potion SLP Price Prediction 2028 is $0.0221
• Smooth Love Potion SLP Price Prediction 2029 is $0.0311
• Smooth Love Potion SLP Price Prediction 2030 is $0.0481

Will SLP reach $1?

Yes, Smooth Love Potion SLP can reach $1 if 90% of the Tokens are destroyed.

To reach $1, SLP will need to rise 253x. At $1, the target market cap will be approximately $41.39 billion. If SLP were to rise at the pace of 25%, it will take approximately 25 years to reach $1.

Let us evaluate this data

• Quality of Investment– Moderate
• Time and Growth required to reach $1– Not Feasible
• Market Cap at $1– Not Feasible

Considering the criteria Quality of Investment, growth required, and time required, SLP has a low chance of reaching $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 blockchain gaming, Axie Infinity will automatically gain and thereby it will help increase 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.

Will SLP reach $10?

To reach $10, SLP will need to rise 2,534x. At $10, the target market cap will be approximately $413.92 billion. If SLP were to rise at the pace of 25%, it will take approximately 36 years to reach $10.

Let us evaluate this data

• Quality of Investment– Moderate
• Time and Growth required to reach $10– Not Feasible
• Market Cap at $10– Not Feasible

Considering the criteria Quality of Investment, growth required, and time required, SLP has No chance of reaching $10.

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: Please consult a registered investment advisor to guide you on your financial decisions.