Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: AXS and SLP. Why the price of SLP is falling but AXS is rising?
by
martina14
on 11/12/2021, 02:29:02 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/

Based in my own observation regarding about this axie infinity, among all the NFT games here in crypto space, this game of Axie is the remained top among all of them even the price of SLP is down now in the market. Maybe because some of its holders are hoarding it and they're waiting for the right time to sell it, just a thoughts only.