Get started

SLPUSDT Perpetual Contract

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

SLPUSDT.P trade ideas

SLPUSDT SLP IDEASmooth Love Potion (SLP) tokens can be earned as rewards by Axie Infinity players through battle or adventure mode. SLP are tokens that can be used to breed new digital pets, known as Axies. It was formally known as Small Love Potion before the token upgrade to the Ronin blockchain. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth, and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace. SLP paves the way to the concept of Play-to-earn which popularizes the Axie Infinity games among players who are looking to earn some money or participate in DeFi. It is especially popular in countries like Philippines. Besides SLP, Axie Infinity has a governance token called AXS which players can use to participate in determining the future direction of the game.
Long
by Pipstarr
✴️ Smooth Love Potion Classic Price ActionThis is similar to the pattern we described recently looking into ADXUSDT (AdEx). I explain my reasoning in order to provide the learning part of the "experience". We do learning and entertainment with these charts. Today we have Smooth Love Potion (SLPUSDT) and a bullish chart based on many signals. The consolidation pattern is followed by a bullish breakout. The volume today gives away what is coming but I shared a trade days ago because I can anticipate the breakout based on past experience. Jumping in before the actual breakout happens has its advantages and disadvantages. Advantage #1 is a better entry point. Disadvatange #1 is higher risk... Ok, that's it! You can get more information on this one by reading the related ideas. Namaste.
Long
by AlanSantana
5
SLP - This Coin Will Make You HappyPlease note that the chart representation is a logarithmic representation - and that's precisely necessary to highlight the potential of SLP. What is this coin? The Smooth Love Potion (SLP) Coin is an ERC-20 token used in the blockchain game Axie Infinity. Players can earn SLP in various ways, such as: Winning battles: players receive SLP when they battle other players and win. Completing quests: Daily quests and in-game adventures reward players with SLP. Breeding Axies: Players can use SLP to breed new Axies, which can then be used in-game or sold. Special properties of SLP: In-game currency: SLP is a central currency in Axie Infinity and is used for various purposes, such as breeding Axies, repairing Axies, and participating in events. The conception of the coin is highly interesting and opens up fabulous price targets. Given the dynamic chart situation and the generally extremely bullish crypto market, we assume that SLP has an upward potential of nearly 500%. The presented trade idea thus offers an extremely good risk-reward ratio of 9.5:1.
Long
by Ochlokrat
SLP/USDT Anticipating a Breakthrough to Key Resistance? 🚀SLP💎 Paradisers, gear up for a potentially lucrative trading opportunity with #SLPUSDT, as it nears a crucial resistance point, indicating an imminent market move. 💎 A glance at #SLP's recent performance reveals a promising trend, with the asset overcoming its previous high and signaling a shift towards bullish sentiment. Currently, as the price edges closer to the significant resistance at $0.004238, a break above this level with continued momentum could usher in a bullish advance towards the $0.005682 resistance. 💎 Should NASDAQ:SLP honor the $0.004238 resistance and encounter rejection, savvy traders, here's our cue: a bullish rebound from the lower Fair Value Gap (FVG) area is anticipated, whereas a descent below this region might trigger a notable bearish downturn.
Long
by MyCryptoParadise
2
SLP On Fire: Don't Miss Out on This Buy Trade!"## SLP Coin: Fundamentals, Recent News, and Disclaimer **Fundamentals:** * Smooth Love Potion (SLP) is the in-game currency of Axie Infinity, a popular play-to-earn blockchain game. * Players earn SLP through gameplay, primarily by battling other Axies. * SLP is used for breeding new Axies, which can be sold for profit or used in further gameplay. * SLP is an ERC-20 token, meaning it runs on the Ethereum blockchain. * There is no maximum supply of SLP, but the rate of creation is controlled through in-game mechanisms. **Recent News:** * SLP price has been volatile in recent months, dropping significantly from its all-time high in July 2021. * The Axie Infinity team has implemented several changes to the game's economy, aimed at balancing SLP supply and demand. * These changes include reducing the SLP rewards for certain activities and introducing new SLP sinks (ways to remove SLP from circulation). * The upcoming launch of Axie Infinity: Origins, a revamped version of the game, could potentially impact SLP demand. **Disclaimer:** * I am not a financial advisor and this information should not be considered financial advice. * Cryptocurrency investing is inherently risky and volatile. * You should always do your own research before making any investment decisions. **Additional Resources:** * CoinMarketCap: (coinmarketcap.com) * Axie Infinity: (axieinfinity.com)
Long
by MoonTradingForecast
1