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Re: AXS and SLP. Why the price of SLP is falling but AXS is rising?
by
martina14
on 18/12/2021, 03:22:19 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/

Maybe the simplest explanation to your question is that in AXS increased its value because there is burning happening with it while in the SLP is not. So, if they maintain no burning in the supply of the Slp right now this might continue to go down little by little it may go up but only few for sure, so if they want to increase its value burning is the best options for this matter.