Topic: What is yours thought about SLP( Smooth Love Potion) ? (Read 509 times)

I don't think it will Again rise . Axie is single game . It was very successful 6 months ago but suddenly it lose value. Now interest of people is very low for this as many other top class game is launched. This game is now no more profitable because if high dump of Slp coin . Same happen with StepN also. Gst Dumped hard and now rate of people interest also down. We should always choose best project like Sand and Mana where fail chances is very low.

If there are no problems, I think that SLP will still have a fairly high price today because it is supported by the Axie Infinity game which became a very popular game a few months ago. however, due to theft and other issues, the price of SLP has dropped so much, even their main coin AXS is very low at the moment. Anyway, I've been admiring this project for a long time, however, as you said, right now, I've lost interest in trying it again due to a drastic drop in price in such a short period of time.

Things are not quite as you say once the bull market comes, there will be a lot of coins that recover and a lot of coins that will never recover. The p2e trend is considered over and it probably won't come back again, meaning the SLP will never recover. Buying p2e tokens now is very risky so we should focus on top altcoins as the chance of recovery will be higher than trending tokens.

We are in a bear market right now so 0.004$ per that token is cheap, axie is successful and when the bull market comes you will still makes a good profit anyway, the best time to buy is still now, you will be buying more if bull season is near.

it's a shame you bought SLP at a very expensive price, especially now the SLP price is at $0.0038,
of course it takes more strength to get back to $0.1 even new ATH, the thing you can do is to accumulate using capital again,
because the price could be SLP goes up to at least $0.05, maybe you can recover but it's not optimal

It is because of this that with the exception of bitcoin I do not recommend people to buy the dip when it comes to altcoins, it may seem to be a good idea as you are getting the coin cheaper and cheaper, but how many altcoins have disappeared since the creation of this market? Thousands if not tens of thousands, so it is important to always have this on the back of our minds so something like what happened to the OP does not happen to us.

First of all, I'm really sorry for you. When I look at the current price and the price you invested in, I see that there is a real gap between them. Officially, the price has seen the bottom of the bottom. We don't know if he can recover and he can. But when I look at the price you invested and the current price, it seems that the project team has officially scored rugpull. When you buy a small amount, you can get almost the same number of tokens as your initial investment. You can even buy more. You can take out your losses with a little play. I hope you haven't invested a large amount of money. I recommend investing by considering the risks and doing your own research.

I don't even see that they are active anymore when the market dump and SLP price drops drastically. Though I won't see a dying sentiment in this project, however, I couldn't see also its survival in the long-term as they are just built during hypes which are more susceptible to a dying scheme like others. That is why I don't encourage people to hold hyped coins but rather dispose of and sell them immediately when having them in our hands as they are really prone to such decline.

I think SLP has seen its glory days  .  Lots of investors had been turned off by the Developers' action in mitigating rewards which is why lots of them had turned their back on the project.  You can see the result as the price of SLP slowly decline until to what it is now.  Of course there is always a possibility for SLP to recover but I think it will really take long time since it needs the investors to forget their losses and trust the developer again in order for the demand for SLP to flock in.

SLP has already had its ATH around 0,21$ or 0,23$ if I remember correctly. Now it values a dust of a cent, reaching its lowest price recently.

I don't know if this investment is a good idea, I only know it's a very risky one, because you are relying on two main factors to make it work: Axie developing a smart system through Axie Origin game to increase SLP demand plus value and players must feel encouraged and incentivized to start playing Axie again.

Just to illustrate what is happening right now, there are some good news going on, although I can't say how impacting they are going to be:
Axie Infinity's SLP Burn Rate Exceeds Minting Rate for First Time Since August 2021

The active player in axie ecosystem was not so big like last year. The unique players that came to the axie getting less and less. people who bought SLP potion has been decreased a lot. Im sure that if this is giving a very huge impact to the price of SLP. You have made a very bad choice by still investing on it during the bullish trend. Im sure that if you have been loosing a lot of your money. It's impossible to recover it again. Axie was also facing a huge hack a few months ago.
This is also draining the liquidity that owned by the team from the community. It may take decade or even more.
The axie team was also focusing to get reward to reimburse the investors as well. You have no choice other than hodl or cutloss it

I never think to invest in this shit even when it was getting hyped. Hyperinflation is the worst problem with this game. This time people paid axie very very cheap compared with last year. The game is also a boring game. There''s no interesting stuff with this platform.
Old ponzi scheme that will be slowly dead.

Never ever recover again. If you are invest right now and you may get rekt again. Learn from your past experience and don't be so stupid to invest your money in this shitty token with no maximum supply.
Those farmers will dump on you.

$0.12? That's possible but I don't think that it will happen especially now that SLP's supply is already at near 40 Billion
Let's do a quick math.

The current supply of SLP right now base on Coingecko is at 39,950,978,613. Now you want to sell it at $0.12? If that happens, the market cap of SLP will jump to $4,794,117,433.56 which will make it on the top 19 spot base on market cap. Will it happen? Yes there is a chance but what are the chances of it to happen. Low chance or maybe 1% or even lower TBH.

Many got into the hype of Axie Infinity and many invested on it and right now having an impermanent loss including me. Pegaxy, even though has a high burning mechanism got the same fate as Axie Infinity. Went down even lower than Axie and now a Pega that is worth ~$2000 at it's peak is now just a dollar.

To answer your question.
SLP will recover again? Yes it will recover but not as high as your target goal. Maybe $0.01 is the highest that it can go and knowing that the supply of it is unlimited, it might not even reach a cent.
Should you invest again now? Your decision. We don't have the power to decide since it's your money. Some might say "You need to invest now because it is bear market" and some might say "You shouldn't because the hype is over already" and that alone will make you confused until you will be stressed. Decide yourself and don't ask others. In the end, it's your money not ours.

However the question is can this coin survive long enough in order to see bitcoin going up in value and as such bring the whole market up with it? Because I really think that is not going to be the case, a great deal of the coins that we have right now are going to disappear simply because there is not going to be anyone interested in them, and even if those coins may seem like a good investment at such low prices we must remember that many coins are created each year, which means that a coin that looks good right now will look awful a few years down the line and people will prefer to invest their money in new coins at that time.

Currently, the game tokens are worthless and I think that they will be disappearing from coinmarketcap in the near future. Investing in them will no longer be profitable, I would rather invest in meme coins than p2e tokens at this time since they will no longer be profitable. You should sell everything and reinvest in top projects or else you will lose everything.

Actually the way you invest is correct, by buying in stages. But the problem is that not all coins are good bought in stages, and unfortunately
I think you chose the wrong coin. If we want to invest in multiple stages like you did, only applies to top coins which are guaranteed to recover
when the bull market comes. Like Bitcoins, Ethereum and BNB are examples of coins that are worth buying gradually, because if we learn from
the history of the movement of the three coins, where the three coins have often experienced dumps, but it can always recover again and can even
rise to a higher price.

While SLP became hype because of the influence of the game Axie Infinity, which SLP is only of interest to people who play the Axie Infinity game.
If people don't play the game, I'm sure they won't be interested in investing in SLP, so don't buy SLP every time the price drops. Because there is
no guarantee that the SLP price will recover, even if it does recover, the increase will not be too high, even I doubt SLP can return to ATH price.
So I don't recommend investing in SLP, especially in a bear market situation, the risk is very high if we force an investment in SLP.

It's to create another utility for SLP. The total issuance of SLP is always far bigger compared with SLP got burned. https://www.axieworld.com/en/economics/charts?chart=slpIssuance

There's no solution for this. The design is so bad caused by it's only relying with the new players that must have bought axie. The contract already issued and it's hard to control the inflation of SLP. The different thing when it was getting limited since the start.
This thing may not be happening. I doubt that if SLP can go up again. It will be going up but very slow.
inflation was eating the liquidity. People grinding to be dumped and that's it

This works well for popular cryptocurrencies, various deflationary coins, coins with strong fundamentals, etc. SLP is the type of coin where there is no guarantee at all that it will launch again and be worth at least half the price it once was. The developers have already taken quite a few steps to improve the tokenomics, but it's not causing any positive movement, and that's not a good sign.

In this case, you should learn how to wait for the right time to sell your SLP since the market is not really going well these days, it seems like you will gonna hold that for the long term if you wanted to gain some decent amount of profit from your investment. since you already bought some SLP from that price range, it's really reasonable for you not to sell it at a lower price just because you are scared of the price going down further. rather learn to wait and just be patient for the crypto market will recover soon and most of the Altcoins will increase their price after that.

AXS price in the market is increasing +10% currently and SLP +4%, the rate of increase is different hence SLP has no effect from market recovery average increases +10% for almost all potential coins, SLP movement is very slow in market recovery phase so support is needed from AXS to release news on utilities to benefit SLP token holders.