SLP forms Axie Infinity play-to-earn economy What is SLP and how does it work in Axie Infinity now? What is the outlook for the price? In this article, we look at the project’s recent developments and provide an SLP price prediction round-up. The developers have since limited the ways players can earn SLP and launched a new season of the game in August, again adjusting the way the token works. However, players began collecting SLP tokens to cash out on exchanges, affecting the game’s tokenomics. The SLP cryptocurrency was launched in December 2019 as a utility token in Axie Infinity to enable game players to breed its non-fungible token ( NFT) characters, known as Axies. The smooth love potion ( SLP) coin used in the Axie Infinity gaming metaverse is trading at $0.002474 at the time of writing on 10 January 2023. For more information please read our full risk warning and disclaimer.SLP coin is a utility token players can earn in the Axie Infinity universe – Photo: Sanjay kj / Shutterstock This website does not provide investment, financial, legal, tax or accounting advice. If you are unsure, seek independent financial, legal, tax and/or accounting advice. Investing is not suitable for everyone ensure that you have fully understood the risks and legalities involved. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance is not an indication of future results. When trading in stocks your capital is at risk. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Past performance does not guarantee future results. Trading cryptocurrencies is not supervised by any EU regulatory framework. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.Ĭryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Each investment is unique and involves unique risks.ĬFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. contracts for difference (“CFDs”) is speculative and carries a high level of risk. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. $2.28M AXS short positions liquidatedĪccording to data from Coinglass, about $2.28M worth of AXS short positions have been liquidated over the past 24 hours following the current price surge. The increased activity is largely the one behind the current price surge. Although the token is still way far from its all-time high (ATH) of $164.90 recorded in November 2021, today’s price surge could be the beginning of a splendid rally towards the ATH.īut why is the AXS price rising? Well, according to data from NFT data platform CryptoSla, the Axie Infinity trading volume has reached a high of $48K over the past few weeks meaning there is an increased activity within the Axie Infinity ecosystem. Here’s what is making AXS price riseĪxie Infinity’s native token has had a rocky 2022 and it seems it is up for a recovery in December. While it can be attributed to the recovery of the broader crypto market, The AXS price rise is so distinct and there is surely something behind the movement. Metaverse and NFT tokens including Axie Infinity (AXS) and the likes of Sandbox (SAND), and Decentraland (MANA) have made significant gains today. The global crypto market cap has increased by 0.43% today to reach $857.46B.According to CoinMarketCap, AXS is the biggest gainer today.At press time, AXS was trading at $8.71 up 21.37% in the past 24 hours.Axie Infinity (AXS) is leading the metaverse and NFT tokens amid a wider crypto market recovery.
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