Axie Infinity Smooth Love Potion (SLP) Explodes With 300% Gain This February

Clean Love Potion (SLP) is skyrocketing in worth simply previous to the launch of Season 20 of Axie Infinity, the world’s hottest play-to-earn blockchain sport.

In a matter of days, the SLP token triples in worth. As of February 12, 2022, SLP is now promoting for $0.027 with a 24-hour vary of.024 -.032.

The in-game foreign money has a market capitalization of $927,503,521 and a buying and selling quantity of $1,365,400,410 in the course of the 24-hour interval.

SLP is now the 102nd largest cryptocurrency by market worth.

The rally happens following a big replace to the sport’s economic system, which eliminated participant advantages for finishing key in-game duties, equivalent to Journey Mode SLP and Every day Quest SLP.

Axie Infinity: How Does It Work?

On this planet of play-to-earn video games, Axie is a well known title. Its gameplay is impressed by traditional video games like Pokémon and Tamagotchi.

Gamers can collect, breed, fight, and commerce “Axies” within the sport. SLP tokens are earned as rewards and may be redeemed for in-game options equivalent to breeding new species.

SLP/USD worth at $0.028230 within the day by day chart | Supply: TradingView.com

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SLP is an ERC-20 token that acts as an in-game foreign money in Axie Infinity, a well-liked blockchain-based sport.

Axie Infinity permits customers to gather one-of-a-kind digital creatures known as Axies.

Axies are NFTs that may be bred, bought, or used towards different gamers in fight. The Axie Infinity sport makes use of a multi-token economic system and Axie Infinity Shards (AXS) because the ecosystem’s governance token.

SLP cryptocurrency is used in-game to assist Axie breeding. The Axie Metaverse permits for the shopping for, promoting, alternate of different cryptocurrencies on supported exchanges.

How Does Axie Rewards Work?

Probably the most latest updates to Season 20 seems to be a 56% discount within the day by day provide of SLP tokens.

SLP can be faraway from day by day questing and journey mode, additional rising the token’s shortage.

SLP/BNB was added as a buying and selling pair on Binance earlier this week, permitting merchants to now alternate BNB for SLP on the alternate.

When tokens are listed on a serious alternate equivalent to Binance, they ceaselessly expertise a worth enhance because the token turns into extra accessible to new traders.

Whereas Axie Infinity’s SLP has seen important will increase in latest months, it stays properly beneath earlier highs. Solely seven months in the past, the SLP token has been buying and selling at $0.39 per unit.

In the meantime, the sport continues to draw an rising variety of gamers and traders.

In line with Crypto Data Australia, an Axie Infinity land plot NFT bought for a record-breaking US$2.48 million in November.

Associated Studying | Philippine Authorities Requires A Minimize In Earnings From Widespread Video games Like Axie Infinity

Featured picture from Crypto Financial system, chart from TradingView.com
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