Will Smooth Love Potion Reach $1?


Will Smooth Love Potion Reach $1: For Smooth Love Potion Price to Reach $1, it will have to rise 290 times from the current price.

At the current price and the market condition, the earliest time duration for SLP to reach $1 is 14 years, provided it gains 50% a year from now.

Will Smooth Love Potion Reach $1: Some Facts About SLP

  • Smooth Love Potion (SLP) is an ERC-20 token used in the Axie Infinity gaming universe.
  • Smooth Love Potion tokens are earned by playing Axie Infinity games as the project was founded by Trung Nguyen, who left his role as a software developer in the U.S. in order to focus on the project.
  • One of the interesting facts about the SLP token is that the Smooth Love Token is burned every time new Axies are bred.
  • The Coin has a limited supply. Currently, there are around 4,372,441,637 SLP coins in circulation.
  • It is important to keep in mind that the price of Smooth Love Potion is completely dependent on the Axie Infinity ecosystem. As more players join the community and start playing the game, the price falls due to the increased minting of the token.
  • However, despite being one of the most innovative projects, the security of the Smooth Love Potion Network completely depends upon the Ethereum network as SLP is an ERC-20 token and runs on the Ethereum blockchain.

Will Smooth Love Potion Reach $1: Why SLP May Reach $1?

Expansion of Blockchain Gaming: The blockchian gaming industry is expanding and SLP is bound to play a very important role in it. Axie Infinity is one of the most popular blockchain-based gaming cryptocurrencies. Smooth Love Potion (SLP) is the primary in-game asset of Axie Infinity. Therefore, with the expansion of blockchian gaming, Axie Infinity will automatically gain and thereby it will help in increasing the demand f SLP tokens.

Limited Supply: Limited supply is one of the advantages of SLP. Currently, the circulating supply of SLP tokens is 43.33B. Now once the market condition improves, there are higher chances of demand of SLP increases. Once the demand increases the chances of the supply of SLP going down is very high. With limited supply and rising demand, SLP prices may start rising and may reach $1 or above in the near future.

Will Smooth Love Potion Reach $1: Smooth Love Potion Price Prediction

Max
Smooth Love Potion Price Prediction 2022 $ 0.005
Smooth Love Potion Price Prediction 2025 $ 0.018
Smooth Love Potion Price Prediction 2030 $ 0.095

If we look at the SLP future price predictions, there are hardly any chances of SLP reaching $1 even by 2030. However, it must be remembered that all these predictions are aggregate predictions from multiple platforms. It is dependent on the current market condition. As the market condition improves, the future price prediction of SLP will also improve.

However, a question arises, Will Smooth Love Potion Reach $1, if Yes, then when and how will Smooth Love Potion Reach $1? In order to check when and how SLP will reach $1, some calculations will give a clear picture of it.

The current price of SLP is $0.0035. At the current price, for Smooth Love Potion to reach $1, it will have to multiply 290 times. In May 2021, SLP price reached at over $0.40. Therefore, this shows the potential of SLP and there are high chances of SLP reaching $1 if the market condition improves.

Current Price of SLP $0.0035
How May Times SLP Needs to Rise to Reach $1? 290 Times
All-Time High Price of SLP $0.41
Chances of SLP Reaching $1 High

How Will Smooth Love Potion Reach $1?

Current Price of SLP $0.0035
If SLP Gains 20% per year, $1 In How Many Years? 31 Years
If SLP Gains 30% per year, $1 In How Many Years? 22 Years
If SLP Gains 50% per year, $1 In How Many Years? 14 Years

At the current price and the market condition, the earliest time duration for SLP to reach $1 is 14 years, provided it gains 50% a year from now.

Smooth Love Potion Price Prediction 2023

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Will Smooth Love Potion Reach $1: Conclusion

Smooth Love Potion is one of the most innovative ERC-20 cryptocurrencies. In the past SLP has shown very high potential as the price rose over $0.40. Once the market condition improves, there are high chances of the SLP price going higher. If all the factors work in favor of SLP, we may see Smooth Love Potion Price at over $1 in future.

Read: Is Crypto A Good Investment?



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