Topic: AXS and SLP. Why the price of SLP is falling but AXS is rising? (Read 437 times)
The simple reason is that SLP has more sellers than buyers. The demand and supply should be balanced out and its up for the team of Axie to have ways to turn the tables up. I think with the current developments, I can see a very bright future with SLP as Axies currency. I expect an upward turn to 0.1$ next year if team executes their plan well.
December 18, 2021, 07:17:22 AM
however, this will continue to happen, and push the price of SLP down if the team doesn't make the latest developments.
The recent update of additional breeding costs doesn't impact the price of SLP. Maybe those breeders think that it will be a long ROI than before when they first breed and spend money for it. But on the positive side, those who are already in ROI will just keep on profiting.
Since SLP is playing at the price of $0.02-$0.03, scholars think that the price might go down more if they will just hold. In return, the moment they received their payout, they are converting right their SLPs to cash.
December 18, 2021, 06:49:58 AM
the reason why SLP price is falling is that there are more slp minted than burned. More players are coming means more slp that has to be minted and the supply is unlimited. Regarding axs it is the governance token of AXIE Infinity and has a limited supply only
It's not only that. There are some reasons and I would try to mention all of these reasons and you can see below1. The team keeps minting new token instead make the old token has more utility
2. SLP has hyper inflation
3. Too much axies in the market but the demand was decreasing a lot
4. SLP has no more utility other than used to breed axie. That's a garbage token that will always be earned and then dumped for fresh money.
Currently, there are already a lot of Axies, even when they go on an adventure, they already get 50 SLP per day (not including the arena). There are a lot of teams out there, and they will sell SLP all the time. it will continue to push the price of SLP down. unlimited supply, and produced very much every day. In fact, not everyone will do breeding when the time to claim has arrived. however, this will continue to happen, and push the price of SLP down if the team doesn't make the latest developments.
December 17, 2021, 11:22:19 PM
Axie Infinity is a very hot coin in NFT game and it grows from less than $1 to $150. SLP is a part of Axie Infinity ecosystem but price of SLP is falling.
Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/
Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/
Maybe the simplest explanation to your question is that in AXS increased its value because there is burning happening with it while in the SLP is not. So, if they maintain no burning in the supply of the Slp right now this might continue to go down little by little it may go up but only few for sure, so if they want to increase its value burning is the best options for this matter.
December 17, 2021, 06:52:17 PM
I think so, coins that don't have a clear purpose will certainly not make investors buy and hold, if the coin works for NFT it certainly makes people speculate to buy because the chances of skyrocketing are very high and that's common in cryptocurrencies.
It's different with the NFT token called SLP. This token didn't have good fundamental, lack of usefulness, too much inflation. Im actively playing lava and the price was so crazy right now. This token will never increase again. So many people are thinking the whales will be buying this token but the fact that they are very wrong by pumping this garbage tokens. A token with hyper inflation was not a common thing in the crypto. AXS regaining its price caused by it has not become hyper inflation token while SLP did this.
This token didn't even suitable to be used for the speculation purpose because it will be always going down.
December 17, 2021, 05:03:30 PM
I think that the Axies in the game are having a series of changes that sometimes are not very pleasant for the players, since it has been seen that many who bought Axies months ago for 900USD have had to sell them for 150USD because the demands are now higher. , then in this sense it has had a certain depreciation, and if we count that there are many people who have their schools with many Axies because the sales are massive and those who are in the Axie business, to continue making good money, which They have to do is invest in Axies with better qualities, while SLP becomes the reward, it is very difficult for the currency to grow while many play and change.
There's the hype and there's the slow progress.The hype is done and now we're on the slow growth. That's also part of crypto that there's the certain high that people have bought and if they want to get rid of their asset, they have to sell with what's the market.
I've seen those folks that have bought at the top and had to sell at their loss because they want to build up a new team. But if there's no need to sell, it's better to keep it.
I have been seeing that the BTC is in a slight uncertainty, something very normal in the market, but when observing the behavior of the SLP it has had ups and downs, and despite the fact that the market was low at one point, the SLP rose in price, and This has made many have generated more confidence and put more love to the game, there is also a bigger market for Axies, because people are looking for more opportunity with this game, however the best moment for Axie was when the SLP was around the 0.14USD, my question is, is Axie still profitable? I was one of the people who was very supportive of this game because I saw a fairly stable structure, but I have seen that the demand has dropped and therefore everything has dropped.
December 12, 2021, 04:53:27 PM
I think that the Axies in the game are having a series of changes that sometimes are not very pleasant for the players, since it has been seen that many who bought Axies months ago for 900USD have had to sell them for 150USD because the demands are now higher. , then in this sense it has had a certain depreciation, and if we count that there are many people who have their schools with many Axies because the sales are massive and those who are in the Axie business, to continue making good money, which They have to do is invest in Axies with better qualities, while SLP becomes the reward, it is very difficult for the currency to grow while many play and change.
There's the hype and there's the slow progress.The hype is done and now we're on the slow growth. That's also part of crypto that there's the certain high that people have bought and if they want to get rid of their asset, they have to sell with what's the market.
I've seen those folks that have bought at the top and had to sell at their loss because they want to build up a new team. But if there's no need to sell, it's better to keep it.
December 12, 2021, 04:07:31 PM
I think that the Axies in the game are having a series of changes that sometimes are not very pleasant for the players, since it has been seen that many who bought Axies months ago for 900USD have had to sell them for 150USD because the demands are now higher. , then in this sense it has had a certain depreciation, and if we count that there are many people who have their schools with many Axies because the sales are massive and those who are in the Axie business, to continue making good money, which They have to do is invest in Axies with better qualities, while SLP becomes the reward, it is very difficult for the currency to grow while many play and change.
December 11, 2021, 05:28:49 AM
Axie Infinity is a very hot coin in NFT game and it grows from less than $1 to $150. SLP is a part of Axie Infinity ecosystem but price of SLP is falling.
Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/
Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/
Ждy pocтa Slp yжe c лeтa и вce никaк.
December 11, 2021, 04:23:38 AM
Most scholars don't hold. Not necessary to do it as in the first place, the reason they apply for being a scholar is to have a fixed income. And the fact that SLP has no other burning mechanism rather than the breeding in-game, there are more minted tokens in the process adding to an already vast supply of SLPs. Traders are not even primarily trading SLPs as no technical analysis can be referred to regarding the movement of the token.
But of developments are in line. Let's see if those at least can balance the SLP supply.
But of developments are in line. Let's see if those at least can balance the SLP supply.
December 11, 2021, 04:21:33 AM
the reason why SLP price is falling is that there are more slp minted than burned. More players are coming means more slp that has to be minted and the supply is unlimited. Regarding axs it is the governance token of AXIE Infinity and has a limited supply only
It's not only that. There are some reasons and I would try to mention all of these reasons and you can see below1. The team keeps minting new token instead make the old token has more utility
2. SLP has hyper inflation
3. Too much axies in the market but the demand was decreasing a lot
4. SLP has no more utility other than used to breed axie. That's a garbage token that will always be earned and then dumped for fresh money.
I'm sure the SLP is just a coin earned through missions run in the infinity axie game. I guess why the slp goes down while the AXS goes up is because this coin keeps being sold because all players get slp every day. But I heard good news about the SLP about breen. I'm sure the SLP will go up soon.
The logic is when people can earn it for free without limitation everyday and why do they need to keep it on their wallet?It would better for them just dumped their SLP and then used the funds from SLP to invest in another legit project. People didn't care anymore about SLP. They care only to earn and sell
I agree with this one. Unless they add more burning mechanism or update to v2, then there's no hope for slp to go up again. Even though the burned SLP has increase per day because of the breeding fee adjustment, the amount of SLP being minted is still significantly higher then burned SLP.
December 11, 2021, 03:55:20 AM
the reason why SLP price is falling is that there are more slp minted than burned. More players are coming means more slp that has to be minted and the supply is unlimited. Regarding axs it is the governance token of AXIE Infinity and has a limited supply only
It's not only that. There are some reasons and I would try to mention all of these reasons and you can see below1. The team keeps minting new token instead make the old token has more utility
2. SLP has hyper inflation
3. Too much axies in the market but the demand was decreasing a lot
4. SLP has no more utility other than used to breed axie. That's a garbage token that will always be earned and then dumped for fresh money.
I'm sure the SLP is just a coin earned through missions run in the infinity axie game. I guess why the slp goes down while the AXS goes up is because this coin keeps being sold because all players get slp every day. But I heard good news about the SLP about breen. I'm sure the SLP will go up soon.
The logic is when people can earn it for free without limitation everyday and why do they need to keep it on their wallet?It would better for them just dumped their SLP and then used the funds from SLP to invest in another legit project. People didn't care anymore about SLP. They care only to earn and sell
December 10, 2021, 10:29:02 PM
Axie Infinity is a very hot coin in NFT game and it grows from less than $1 to $150. SLP is a part of Axie Infinity ecosystem but price of SLP is falling.
Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/
Explained: Axie Infinity SLP and AXS tokens.
Because the SLP will be created more if the ecosystem of Axie Infinity has more players. If the Axie Infinity team take care of investors who buy SLP, they need to have plan to reduce the inflation of SLP.
If the team don't make changes with SLP release rate, the value of this token will hardly to rise.
Any thoughts about SLP everybody?
https://coinmarketcap.com/currencies/axie-infinity/
https://coinmarketcap.com/currencies/smooth-love-potion/
Based in my own observation regarding about this axie infinity, among all the NFT games here in crypto space, this game of Axie is the remained top among all of them even the price of SLP is down now in the market. Maybe because some of its holders are hoarding it and they're waiting for the right time to sell it, just a thoughts only.
December 10, 2021, 09:57:18 PM
Simple, because SLP is useless. It doesn't have any utility, and is only there as an incentive. People don't hold useless coins unless they are memes just like doge and shib. AXS on the other hand will continue to grow as Axie will lead the NFT game industry to a trillion-dollar industry. Really a good time to re-invest in smaller caps NFT games like AnRKey X.
Not entirely useless and without utility. SLP is used for breeding new axies. But outside of this, I also cannot see any utility. This is something the developers of Axie Infinity should look at.
But please do not compare SLP tokens with the likes of Doge and Shib as if these two coins themselves are not useless. These two meme coins are also useless in the same way that SLP is useless. They have uses but if they are to be assessed on what they could really offer, they are all nothing but shitcoins.
December 09, 2021, 09:10:38 PM
Simple, because SLP is useless. It doesn't have any utility, and is only there as an incentive. People don't hold useless coins unless they are memes just like doge and shib. AXS on the other hand will continue to grow as Axie will lead the NFT game industry to a trillion-dollar industry. Really a good time to re-invest in smaller caps NFT games like AnRKey X.
December 09, 2021, 08:50:05 PM
The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.
Players who aren't in ROI definitely will abandon it once the slp price tank more. However those who already got their funds on axie are here to stay what more to lose isn't it? Those people who got hype might dissapoint themselves if the price of slp worse in the future but those early adopter would always continue and some of those new players will definitely find it attractive to enter as price is too low hence for the axie price too.I guess we are both playing Axie Infinity right now, but I am just a mere player. I do not breed nor do I hire scholars. I am only maintaining a single team of pets. Right now, I do not even find the SLP rewards worth it anymore. Each SLP is only worth $0.03. That's too low already to spend my time, focus, and energy to it. I do play but I don't play regularly. I mean, if there is something else to do, I'd rather prioritize it over the game. That's just about me. How about those other play-to-earn players who have other alternative games? Play to earn is rising fast these days and Axie has a lot of competitors in the market. I have a friend or two who had already abandoned Axie because of the low reward.
December 08, 2021, 10:21:42 PM
The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.
Players who aren't in ROI definitely will abandon it once the slp price tank more. However those who already got their funds on axie are here to stay what more to lose isn't it? Those people who got hype might dissapoint themselves if the price of slp worse in the future but those early adopter would always continue and some of those new players will definitely find it attractive to enter as price is too low hence for the axie price too. December 08, 2021, 10:10:46 PM
The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.
That is totally right. Many people underestimate the importance of SLP in the game ecosystem, but the truth is that without SLP there isn't Axie Infinity. AXS is great for investors, but SLP is a must for players. It is more important than anything else, as it's the source of income from the game and also the only way to breed new axies. If people realize they aren't going to profit anymore with the game due to the low price of SLP, they will most likely leave and the purchases of new axies will drop considerably.Besides increasing the costs per breeding, to make SLP more valuable they could also create new usages for the token inside the game environment.
I couldn't agree more. The tokenomics of Axie Infinity should provide more usage to SLP. It should provide more reasons why people not just prefer to keep their SLP but buy even more. The demand of SLP should increase. The devs should give more answer to the question, why should the people own SLP?
This is a play to earn game. Therefore players are playing mainly to earn. Therefore if the earning grows too little in value and there is nor eason to keep it, they will not play anymore.
December 08, 2021, 09:20:04 PM
The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.
That is totally right. Many people underestimate the importance of SLP in the game ecosystem, but the truth is that without SLP there isn't Axie Infinity. AXS is great for investors, but SLP is a must for players. It is more important than anything else, as it's the source of income from the game and also the only way to breed new axies. If people realize they aren't going to profit anymore with the game due to the low price of SLP, they will most likely leave and the purchases of new axies will drop considerably.Besides increasing the costs per breeding, to make SLP more valuable they could also create new usages for the token inside the game environment.
December 08, 2021, 09:06:49 PM
The market is already overflowing with SLP. Imagine how many Axie Infinity players there are in the whole world and every day there is a discharge of a huge amount of SLP. There is no way the demand could meet the dumping of so many SLP tokens on a daily basis. AXS is a different story because it is the governance token of the ecosystem. Players are not paid with AXS. So with the popularity of Axie Infinity, AXS is rising but SLP is falling.
Thats right. But later today they announced something on their twitter: https://twitter.com/AxieInfinity/status/1468412408918122499?t=UiOqFX6UgDLnEnZrIxBNjw&s=19
They planning to triple cost the breeding slp and reduce axs consumption. This is somehow a good deal on slp price action. Yes that could be somehow a boost but hopefully axie infinity dev should think a better way to burn slp like release the land game and the main usage of slp will be seen there. There are still a lot to wait for update sooner or later that would be a good way to see slp rise.
This is a lot better. I hope this tripling of the SLP cost per breeding will somehow put a check on the strong outflow of SLP. Hopefully this will also push the price of SLP up a little.
Credit should also be given to the devs of Axie Infinity. Their project is making huge waves across the world. There is no reason why they should lessen their focus and stop to create new innovations to the game.
The price of SLP is critical to their whole project. Once the price is too low, players might abandon the game altogether. They wouldn't want that to happen.
Jump to: