What is the reason for the growth price SLP and where to sell itIn the last week, SLP holders like us and not only us are very happy with the price growth.
The value of SLPUSDT is growing daily +40-70% and is already beginning to move into the euphoric stage. Although before that the value of SmallLovePotion token has been falling steadily for a little over 6 months and this unsuccessful investment has already been buried in the minds of many.
So, without emotions, let's try to determine the reason for the current growth and where to say goodbye to your SLP.
What triggered such a price jump in SLP, we don't know, as well as where it may end. So, everything that will be written below is a mixture of facts and our assumptions:
1. On 27. 01 .22 the developers of Axie Infinity released a control token, Ronin, for their robot battle game Sky Mavis.
But in a tweet they were just bombarded with messages like: You guys are great to release something new, but maybe somehow support SLP from such a steady depreciation.
Ron is now trading at around $3. In our previous SLPUSDT ideas, tradingview users wrote in the comments that they are trying to farm Ron while SLP is in drawdown.
2. SLP issuance has not been limited yet, there is no upper limit further, and as of 10/02/222 they are just over 4bn in circulation.
3. The trading volumes are now 8-10 times higher than they were 2-3 weeks ago, and most likely these volumes are doing up by bots set up for pamp. For the reason that growth doesn't allow deep corrections and opportunity to buy cheaper, hinting: buy now, because later it will be more expensive. But it's a very dangerous thing, especially with margin leverage , because we've all seen how the SLPUSD price can and can fall.
4. The first strong mirror level is around $0.06. That's probably where the first real fight between buyers and sellers will start, as they'll were bogged in SLP a lot of time ago and want to sell it off at zero or at least at a minimal loss.
5. We are also SLP investors, we wrote earlier about our not so successful investment, but it was for a small part of the trading depot, and we know how to wait for the pumping)
Frankly speaking, we do not want to sell our SLP earlier than $0.34-0.35 , but will be the price there, we will know soon.
- If the SLPUSDT price will end up in the range of $0.06-0.09 its market capitalization will be in the top 200, it is not serious, don't you agree.
- If it will succeed to rise up to $0.34-0.35 , token capitalization will be in the top 100.
- If this growth passes the mark of +1400% from the bottom and stops at $1.20 , the capitalization will be in the top 50 and will find +/- in the vicinity of the main token AXS capitalization.
- The maximum that fantasy now allows you to think about is around $2 per SLP , and the capitalization will probably not last long there, but still be able to pop into the top 20.
Please write in the comments your thoughts on what is connected with the growth of SLP price and where its top bar is possible.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
Slptoken
SLPUSDT Hidden Bearish Divergence What a run guys!
I am shorting SLPUSDT. Seeing the hidden bearish divergence on SLP/USDT and BTC/USDT had a regular bearish divergence.
BTC had a nice run but seems a bit tricky to me at this stage. Hopefully find support round 41,5K and lining up with 0.618fib on SLP around $0.0147
Good luck and stay safe!
Cryptodjens
AxieInfinity | Smooth Love Potion $SLP
Technical Analysis:
RSI(14) 28.4920 BEARISH (OVERSOLD)
Moving Averages = bearish side
Resistance 2: 0.02
Support 2: 0.009
Upcoming S20 & Economic Balancing Adjustments
Volume = no demand x a lot of supply = price tends to fall
The supply of SLP will inflate in future.
Let's not forget that Axie ain't the same like it was before.
Since axie price drops, more investors = more supply of SLP.
- SLP did that before from 150 SLP (adventure and daily quest) to 75, it's just the same it goes down.
We are more in the community now. We are minting slp way more than it is supposed to burn. Having good tokenomics and burning mechanism is the key. Hopefully this fusion is one of the key burning mechanism. 31 billion circulating slp, If no one is willing to burn their slp then slp pumping is not possible.
Curious for your thoughts on $SLP and Axie Infinity updates.
👾👾
SLP / USDT. Dump 96% from highs. Should I expect something?Good afternoon everyone, speculators and investors.
1. The first thing I want to say is the aggressiveness of people who do not believe in this project and this coin. Under my last post, a lot of different opinions gathered, you can read it, but in general the picture is the same - people are not happy, people are losing money, closing a huge loss (on Twitter, the amounts vary from $ 10,000 to $ 250,000). I still don’t understand why invest in a coin if in half a year you close the loss? Interesting case.
2. What about the SLP painting itself. Globally - now I will not be surprised at anything. Dump, yes. Sell, yes. But it seems to me, in my subjective opinion and 3 years of experience, that the culmination is very close. SCAM is not SCAM, we figured it out in the last idea. Now, the capitalization is $ 61,787,614. It is possible to move upward by 1000% in a week (from the current ones it is clearly possible :)), if there is strong fundamental support. It is no secret that SAND and MANA are leading, in a falling market they show better dynamics than most coins. Therefore, AXIE, as a top-1 p2e game, will not keep us waiting long. The main token has also dropped in price, so the focus will most likely be on the SLP.
3. Upcoming update, adding 3D graphics, creating ORIGINS and a complete change in gameplay. Fundamentally, it is a powerful indicator for good growth and current market capitalization.
4. Now I will tell you about the goals. I bought in addition for 0.0250, another 500,000 coins. The main goal is $ 1. Further, it may be $ 10, since competitors have a price for a token of about $ 5. Again, this is my subjective opinion, IF YOU DO NOT PERCEPT IT, then please, I don’t need to report it in the comments as in the previous idea. Or well-reasoned criticism, or just go have some tea and see other ideas further.
Therefore, if someone wants to enter the project but is afraid, it is better not. Invest free funds that you may not touch for a year or two. Agree, comrades, sooner or later this rocket will fire, yes, maybe not now and not tomorrow, but there is nothing ever-falling, and the more we fall, the more chances we have to grow back, because someone accumulates and does not drain coins. There is nothing more to say. There is nothing on AXIE's twitter that hints at the next pump. From this I conclude that the pump will be sharp, so moreover, AXS and SLP will most likely grow together, as it has always been.
All in all, let's just watch. Those who are not in positions - watch. Whoever is in positions - wait patiently. There will be growth, even if not by the dollar, then 0.2-0.5 will definitely be. if the pump, as always, can be short-term. But do not sell coins if you entered at 0.1 or higher. The loss is big, and if you can not touch the invested money, then it’s better not to touch it :)
$SLP - Smooth Love Potion - Ready for breakout?I posted a chart with a long set up yesterday and managed to sell for a handsome profit. However, the long set up was swallowed up by sells and it turned into a bull trap. I can still see that SLP is forming a falling wedge, just made bigger so one to watch I think. I am in a long myself with a SL at the previous lows.
Creative technical reviewThis is a technical review and does not take into account the objectives of the project ........ But I believe in this statement: Important news comes at important technical times So these days you hear negative and bad news about this currency to provide the necessary time for organizations to collect and buy...And that's when the good news comes at the good technical point ........Patience in buying is the most important principle.....
SLP UpdateSLP is still in buying situation....
The crypto conditions to day is very slow but when it gets bullish SLP will move very fast as you think
You can take your profits in green lines
It is in the lowest price todays
""" It is just my technical analystic view and it is not a signal """"
""" Analyse it by yourself an do what you should do """
SLP 3D What it takes to make the price go upWe, like probably many of you, wanted to make money on speculation with SLP token, but as a result we became invested hostages.
Because we don't play a game where this token could be used, the maximum we can squeeze out of this investment is passive income by transferring tokens for staking.
The first wave of hype for gaming tokens has passed, and now there is a correction.
SLPUSDT price has been falling steadily for six months and the value has already decreased by -90% from the maximum.
During this fall we have made several long buys and froze 10% of the trading deposit allocated to the project P_S_trade to no avail.
Actually, to guess where the bottom of this fall - is equal to guessing the cards, so we're not going to do this.
We propose to share our opinions in comments, what should happen in Smooth Love Potion project and cryptocurrency market in general for SLPUSD to explode by 10 times. It is around $0.35 that we would like to fix part or even all the investment in this token.
First , the conditions we described in BTCUSDT forecast are fulfilled now to start at least minimal, but still alt-season.
Please take a look at it:
Secondly, we need to somehow limit the maximum number of coins to be issued, as long as there is no upper bar, they print as many as they need. The supply in the market will decrease, then the demand will naturally increase the price.
Third , sometimes crypto projects do denominations and similar maneuvers and after that the price of token or coin grows well.
Please join the thoughts in the comments under the idea, because in the discussion the truth is born.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)