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Is Smooth Love Potion (SLP) a Good Investment?

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Smooth Love Potion is one of the most unique digital assets in the blockchain ecosystem, and many altcoin experts believe that SLP is a good investment to make in the current crypto market. But what exactly is so unique about the SLP token, and is it really true that Smooth Love Potion is a good investment?

What Is Smooth Love Potion?

Smooth Love Potion (SLP) is the main in-game asset of the massively popular Axie Infinity game, which is currently the most valuable blockchain-based gaming ecosystem on the market. SLP tokens utilize the ERC-20 (Ethereum) standard, and they fulfill numerous use cases within the Axie Infinity virtual world, such as allowing the players to level up faster, or enabling them to purchase unique NFT digital pets.

Smooth Love Potion tokens can be earned by the players simply by participating in various activities within the Axie Infinity in-game world, which is similar to earning experience points in traditional role-playing games. However, purchasing SLP tokens on an exchange is much faster, and since it can give the player a massive head-start in the game, many Axie Infinity fans decide to buy SLP tokens instead of spending a lot of time to earn them in the game.

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Why Is SLP a Good Investment?

It’s quite uncommon for in-game items to trade on the open market, yet alone be as valuable and promising as Smooth Love Potion. However, it’s worth noting that Axie Infinity is the most popular blockchain-based, and it’s expanding at a rapid pace. Because of that, many crypto experts believe that SLP is a good investment and that it’s reasonable to add some Smooth Love Potion tokens to your portfolio even if you’re not personally an Axie Infinity player.

The market for blockchain games is expanding rapidly, and many cryptocurrency experts already predict that blockchain-based gaming will be one of the hottest crypto trends of 2022. Since Axie Infinity is at the moment the leader of the blockchain gaming market, the price of SLP tokens is likely to keep growing in the foreseeable future as more and more players start to enjoy video games utilizing blockchain technology.

It’s essential to note that Smooth Love Potion is not just an in-game asset: it’s a normal, fully-functional ERC-20 digital currency, which means that if you think that SLP is a good investment, you can effortlessly buy it on your favourite exchange, send it to your private wallet for holding, and resell it at a higher price to gain profit.

Smooth Love Potion (SLP) Price Predictions

There’s no doubt that blockchain-based video games are likely to become one of the most popular applications of blockchain technology in the near future. Since Axie Infinity is already a massively popular crypto-related game, it’s not surprising that many cryptocurrency enthusiasts around the world believe that Smooth Love Potion is a good investment and that the SLP price can see a huge growth.

According to the NFT expert La Jefe, the technical analysis shows that the downside trend of the SLP price is about to end very soon. When that happens, Smooth Love Potion might erupt in price in a very short time:

The popular Axie Infinity expert Bill Gains adds that the volume of Smooth Love Potion and other assets related to the Axie Infinity gaming ecosystem is steadily increasing, which must inevitably result in a massive spike in the price of these digital currencies:

The NFT gamer Sorb also agrees that Smooth Love Potion is a good investment. According to Sorb, the value of SLP is likely to increase to $0.20 or more in the near future:

Technical analysts on Youtube are also convinced that Smooth Love Potion is a good investment. For example, the popular channel Vision Pulse Trades claims that after the SLP price surpasses the $0.12 level in the near future, it will be able to test higher price levels such as $0.20 or more later on.

Another technical analyst who believes that Smooth Love Potion will rise in price is CryptoGlobal100, who is convinced that a massive breakthrough in the SLP valuation is imminent. However, CryptoGlobal100 thinks that the $20 SLP price prediction is far too bearish and that a price target of $0.28 or more is much more probable.

Will SLP Reach $1?

The SLP price is likely to reach $1 or more in the long-term. Most experts agree that in the short-term, Smooth Love Potion will reach $0.20, and only after breaking over this target will be able to continue appreciating in valuation towards higher prices.

What Is the Use of SLP In Axie Infinity?

The main use of Smooth Love Potion within the Axie Infinity in-game world is breeding virtual creatures called Axies. Since the Axies themselves are crypto-assets stored on the blockchain in the form of NFTs, SLP is a good investment that can be used to multiply your returns in the future.

How Do I Get SLP Tokens?

Since Smooth Love Potion is a form of an in-game currency, you can obviously get it by playing Axie Infinity. Many people prefer to purchase SLP simply because they consider Smooth Love Potion a good investment, and they can do so by acquiring SLP tokens on exchanges such as KuCoin, Binance, Gate.io, FTX, OKEx, and many more.

Where to Store SLP?

Smooth Love Potion is an ERC-20 (Ethereum-based) token, which means that it can be stored in any multi-currency crypto wallet application supporting Ethereum and Ethereum tokens, including popular wallets like Exodus, Trust Wallet, and MetaMask.

Is SLP a Good Investment?

SLP is a good investment because it is the in-game currency of Axie Infinity – the most popular blockchain-based game on the market. As more players join the Axie Infinity ecosystem, the value of SLP is expected to grow.

Conclusion

It’s quite unusual for an in-game currency to have a lot of value in the real world. However, it’s true in the case of Smooth Love Potion because it’s a unique cryptocurrency stored on the blockchain. Because of that, SLP is a good investment for all crypto investors, and not only for fans of blockchain-based games.

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