Post
Topic
Board Altcoin Discussion
Re: AXS and SLP. Why the price of SLP is falling but AXS is rising?
by
rahmad2nd
on 15/10/2021, 16:24:03 UTC
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.
I think less people hold this coin just AXIE gamer keep earn 200 SLP every day depend with skill have when playing this game, I see many way for investing is not worth but you can try with playing AXIE game where you can earn money through playing game, not worry about one or two month you can get back your fund and later just enjoy profit with playing AXIE game. you can buy and purchase character and I think hero character is very worth and you can win on arena or beatle.