Smooth Love Potion (SLP) price has increased today.
The price of Smooth Love Potion (SLP) is $0.002431109173 today with a 24-hour trading volume of $16,489,588.96. This represents a 1.90% price increase in the last 24 hours and a 3.30% price increase in the past 7 days. With a circulating supply of 41 Billion SLP, Smooth Love Potion is valued at a market cap of $100,305,084.
What is Smooth Love Potion (SLP)?
Smooth Love Potion (SLP) tokens can be earned as rewards by Axie Infinity players through battle or adventure mode. SLP are tokens that can be used to breed new digital pets, known as Axies. It was formally known as Small Love Potion before the token upgrade to the Ronin blockchain.
The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth, and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace.
SLP paves the way to the concept of Play-to-earn which popularizes the Axie Infinity games among players who are looking to earn some money or participate in DeFi. It is especially popular in countries like Philippines.
Besides SLP, Axie Infinity has a governance token called AXS which players can use to participate in determining the future direction of the game.
How can I earn SLP?
You can earn SLP by playing the Axie Infinity game through winning battles and fulfilling daily quests hence the "play to earn" term was coined. To start playing the game, you would need to obtain some Axies from the marketplace, which are creatures that can be used to battle other players in the game. Another way of obtaining Axies would be through some interest groups that offer Axies as a loan in the form of a scholarship. SLP earned from the game are splitted between the scholarship holders and the group lending out the Axies.
How much SLP can I earn per day?
SLP earnings can vary depending on the players' skill and their energy resources. With the latest update, players can only earn SLP by competing in arena mode by battling other players. P2E mode will no longer reward players with new supply of tokens.
To learn more about Axie Infinity, you may read the following articles:
Where can you buy Smooth Love Potion?
SLP tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Smooth Love Potion is Bitunix, where the most active trading pair SLP/USDT has a trading volume of $293,292.29 in the last 24 hours. Other popular options include Binance and DigiFinex.
What is the daily trading volume of Smooth Love Potion (SLP)?
The trading volume of Smooth Love Potion (SLP) is $9,031,606.95 in the last 24 hours, representing a -66.30% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Smooth Love Potion (SLP)?
The highest price paid for Smooth Love Potion (SLP) is $0.399727, which was recorded on Jul 13, 2021 (over 2 years). Comparatively, the current price is -99.40% lower than the all-time high price.
What is the all-time low for Smooth Love Potion (SLP)?
The lowest price paid for Smooth Love Potion (SLP) is $0.001307720322, which was recorded on Sep 11, 2023 (3 months). Comparatively, the current price is 85.80% higher than the all-time low price.
What is the market cap of Smooth Love Potion (SLP)?
Market capitalization of Smooth Love Potion (SLP) is $100,305,084 and is ranked #323 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SLP tokens (41 Billion tokens are tradable on the market today).
How does the price performance of Smooth Love Potion compare against its peers?
With a price increase of 3.60% in the last 7 days, Smooth Love Potion (SLP) is underperforming the global cryptocurrency market which is up 5.60%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.
What is the market sentiment of Smooth Love Potion today?
The community is bearish as more than 65% of users are feeling bad about Smooth Love Potion (SLP) today.