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Re: AXS and SLP. Why the price of SLP is falling but AXS is rising?
by
cryp24x
on 15/10/2021, 06:47:56 UTC
Quote from: MusaMohamed on October 10, 2021, 10:54:39 AM
Axie Infinity is a very hot coin in NFT game and it grows from less than $1 to $150. SLP is a part of Axie Infinity ecosystem but price of SLP is falling.

Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.

If the team don't make changes with SLP release rate, the value of this token will hardly to rise.

Any thoughts about SLP everybody?

https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/

Probably, the main reason why SLP is getting down its price in the market is that there is no burning happen to this coins. Where if the whale of SLP continue to sell their holdings surely the price value will definitely dump in the market. While AXS continue to increase its value maybe due to there is already burning happened to this coin, in which is the reason the price value of AXS got increased as well too in the market.