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Slpusdt

"Why is SLP Pumping?" The FundamentalsWhy is SLP pumping? Roughly 40% of SLP is created from adventure mode, roughly ~44% of SLP is created from PVP, and the remainder (~14%) is minted from players claiming the daily quest. Adventure and daily quest rewards have been completely REMOVED in season 20. 54% of SLP minting has just been TURNED OFF (well, before calculating new mints with updated PvP distro, that will take time though). More slots added to PvP bracket, which means more teams will be breeding to hone Axies. SLP demand theoretically increases. Further incentives with a PvP total reward pool of roughly worth 6 million USD. Other use functions for SLP teased with cosmetics and part upgrades. Users MIGHT horde SLP in anticipation. The dev team calls this "Vertical Progression", think skill trees in traditional video games, or other areas you sink EXP into. Axie Land gameplay also looms on the horizon. MY CONCERNS: New SLP distro will be quite top heavy in PvP ranking. This can create a self reinforcing feedback loop, where top teams remain top teams simply because they have more in game capital to continue improving. There's a possibility this can alienate new players and create a centralization of power. The question would be then, do the fat cats dump their SLP on the market to capitalize play to earn, or do they keep demand going and reinvest into their teams to hoover up more of the 6 mil reward pot (in AXS). TL:DR SLP mint more than halved, demand and use case (or burn functions) increased. Once again, the Axie Team is HIGHLY AWARE of their fragile ecosystem. Looking through their updates and white papers, the moves they've made so far are actually highly strategic. Now that they have the user base, they plan ok focusing more on the gameplay aspect, which means MORE USE CASES FOR SLP. I don't have tons of capital, but I personally will be tossing a couple hundred into SLP every paycheck. I'll be looking to exit roughly around the time BTC has a blow off top. I am highly curious though how the economics of this coin will play out, seeing how the dev team can easily manipulate economic factors surrounding SLP. Maybe this means we see SLP and AXS break correlation from BTC's gravity. It's something I'll be keeping a close eye on.
Long
by Jiffydude
1
Smooth Love Potion (SLP) broke out longest channel.Hi dear friends, hope you are well and welcome to the new trade setup of Smooth Love Potion (SLP) token. On a daily time frame, SLP broke the longest down the channel. There is also a bullish divergence as priceline is forming lower low and RSI is setting higher low. Buy between: $0.022 to $0.03 1st target: $0.04 2nd target: $0.06 3rd target: $0.10 Final target: $0.35 Stop loss: Below the support of $ 0.0175 Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
8
SLP trading ideaIt's been probably 1.5 year + since I made trading analysis on $slp $eth trading pair. Now I am back. SLP is impossible to chart. Why? Because Its highly inflationary and currency is meant to be a reward for $AXS game players. Because of it's super inflationary nature #slp shouldn't be held LONG term ...unless something changes on its fundamental level. This is trading channel. Could fall to 0.005$ or rise to 0.012 or even above 0.02$ per $slp. Who knows. This shitcoin that shouldn't even be traded on such exchanges as #binance, #bitstamp or any other reputable exchange in fact. It's not fair to noobs (or anyone in that matter). 98% loss within half a year???
by Aborangin
5
SLPUSDT in a Nut ShellSLPUSDT or SLP in general has been notorious online for the past couple of days due to its continuous downtrend; however, with the new updates coming up it is currently under going a pump. With today's candle (02/08/2022), we should look at it as a point of reversal for a bearish trend. It is possible, but we need to take into consideration the divergences. As seen in the Stochastic RSI and the chart itself, SLP is no where near losing its current momentum as the volume also increases along with the uptrend in price. How far do you think SLP will go? We can see the price going up to 0.044 and should that break, then it can resume its momentum from prices 0.095 to 0.1216 which also serve as its PRZ or point of reversal zone. This is a very important zone because this will be the area for another major correction for SLP. In the future, I can personally see this forming a double bottom but due to lack of data, we can never really tell. For now, let us all enjoy the ride to 0.044 and let's see if a bearish (strong one) will lead for it to go down another correction. Disclaimer: This is for educational purposes only.
Long
by TokieTV
4
Will SLP go higher?From last analysis I entered at 0.018 and had a 5% stop loss as there was a possibility it was the bottom. But I was stopped out 😔as SLP went further down towards 0.01 and eventually bounced upwards at 0.088. I managed to opened a new position at 0.0111 and now in nice profit. SLP may range for a while at the current level 0.018 as it did previously before going higher. I am hodling for now as SLP is showing good momentum to go even higher, adjusting stop loss as it climbs. Strong previous support in red line is now a major resistance where I expect a pullback. May sell at the resistance and buy back at pullback expecting it to go higher. Fundamentals of SLP has also been improved very recently with Axie Infinity team updates to burning rates and minting. Coupled this with current reversal of BTC, SLP could well make 3-5x in the next few weeks. If we're lucky we might even see SLP visit the previous ATH which is 40x from bottom. DYOR!
Long
by abuzax
4
💥SLP CHANNEL BREAKOUT- TARGET @ $0.017Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ This is a short term signal. Slp broke out from the descending channel. The next available resistance zone is $0.017. If price should break this resistance zone upward, the next target will be $0.02. But if it doesn’t break the resistance at $0.017, we may have a pullback What do you think? Share your opinion in the comment section✍️ Follow me to receive more updates on SMOOTH LOVE POTION (SLPUSDT ) 🤗 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
3
Is this a true reversal for SLPUSDT?Hello SLP believers. You see that blue triangle? It is a reversal signal, and we hope that it persists. If you want to trade this, still be careful and set a stop loss because sometimes, when everyone is bullish due to this slight pump, rekt happens. Overall, I’m glad that SLP is improving. Ignore the whiners, controlling the supply of SLP is a good thing. If you get 10 slp per game and 1slp = 1usd is the rate, you would be happy right? So yeah.
Long
by Trader_Maestro
1
Axie Pulls Their Economic Levers with Season 20As stated in my prior idea, the fundamentals will drive this train. The double edged sword has cut in SLP holders direction. With season 20 came some rather hard economic lever pulls. Full article here: (um, actually I don't have a Pro account, so no link, but its the Feb 3 update on Axie's Substack) TL:DR Axie has cut SLP adventure mode rewards and daily quest reward COMPLETELY. Leaderboard slots for PvP has been increased to 300,000 with a total winning pool of 117,676 AXS up for grabs (this should increase breading as more user devolop teams). The SLP tap hasn't turned down a rather substantial amount. BONUS: They even discuss other future burn mechanisms like IN GAME SHOPS, PART UPGRADES AND OTHER COSMETICS. Wow, I don't think I've ever guessed something so accurately (I discussed these mechanics in my other idea on SLP). Disclaimer: I didn't catch the bottom on SLP, nor do I have fat stacks of SLP. Sub 100k SLP at an average of .03$. I have not paid close attention to SLP or Axie in the past couple weeks. At any moment (but from the looks of it, only during new seasons) Axie can flip another switch, and the story on SLP completely changes. As it currently seems, Axie is HIGHLY aware of their games current economic fragility, and won't do anything to cause further inflationary pressures.
by Jiffydude
1