- Bullish SLP price prediction forecast for 2021 is $.40.
- SLP price prediction forecast 2025 is up to $0.59
This SLP price prediction article is purely based on the opinion of CNL alone. In this article, you will see and learn the analysis that we have considered in this SLP price prediction.
The crypto market is slowly recovering from its bearish dip in the past few months of the year. In fact, Bitcoin right now is already moving above the bullish price of $40k. Truly, this piece of great news brings joy to all the fans of crypto assets around the world.
Aside from Bitcoin, other crypto’s such as Smooth Love Potion (SLP) are showing positive vibes. Also, this is one of the most talked-about tokens lately in the crypto world, thanks to Axie infinity.
Do you think SLP is a good investment and has a potential to surge higher beyond expectation this year? Therefore, what are you waiting for? Join me in this SLP price prediction article to know the future of SLP. But, before that, let us first know the technology behind the SLP crypto.
Overview (At the time of writing)
|Cryptocurrency||Smooth Love Potion (SLP)|
What Is Smooth Love Potion (SLP)
Smooth Love Potion (SLP) is an ERC20 token that runs under the Ethereum technology. For this reason, the crypto follows the limitations and restrictions created by the ETH network. Furthermore, SLP is one of the most famous virtual assets in the crypto world. This is because of the famous game called Axie infinity which uses the SLP crypto as a reward.
On the other hand, the crypto has a current circulating supply of over 930 million tokens. What’s more, the token has a chance to increase its recent circulation supply in no time due to the heavy demand of gamers playing the Axie infinity game. Through this aggressive performance of the token, we can say that the token has the potential to surge in the days to come.
The Smooth Love Potion (SLP) Market Position
Based on the records we can see at the CoinGecko platform, we can say that SLP has been doing well lately. As a result, the market cap of the SLP amounts to almost $200 million with a trading volume of over $170 million. Indeed, this is a number that the traders and investors of the crypto world cannot overlook.
At the time of writing, the SLP crypto ranks 235 in the CoinGecko platform. But, don’t get me wrong, even though SLP ranks way back there, the crypto is one of the most visited crypto in the CoinGecko platform. Why? Simple, because SLP is one of the most famous crypto right now in the play-to-earn crypto gaming world.
SLP Price Prediction 2021
By far, SLP remains one of the fastest crypto to increase its market capitalization despite the bearish market. This is due to the popularity of the crypto game: Axie Infinity, a play-to-earn game.
Do you think SLP can continue to hold its position in the days to come or will it collapse? Join me and together let us check the charts in this SLP price prediction article.
SLP ALMA Indicator (Source: TradingView)
Based on the graph above, we can see that SLP manages to pump its price from June to July. To be specific, SLP recorded a whopping growth rate of +310.79%, a solid performance favored by investors globally. As a result, the price of SLP reaches the high price of $.4099 per crypto. Truly, this price of SLP in the months of June to July brings joy to the SLP community around the world.
However, upon entering the month of August, SLP began to experience a wind of change. In other words, the price of SLP broke out from its uptrend position and started to perform a bearish trend. This made the price of SLP slide from its bullish amount of $.4099 all the way down to $.17. Hence, SLP suffers a -57.23% down rate, a scene that could cause FUD among its investors.
On the bright side, let us say that SLP will be able to inject a nitro boost once again into its price. This may cause the crypto to experience a surge. In short, the crypto may be able to move its position above the Arnaud Legoux moving average (ALMA) indicator, a bullish signal. In addition, the crypto may be able to break free from its $.23 resistance level.
If that happens, the doors towards the bullish price of $.3190 will open, an invitation that SLP should not miss. Furthermore, the crypto might even go beyond $.31 and touch the skyrocketing price of $.40. If it does, we can say that SLP is back once again into its bullish throne where the bulls hold their position. But, of course, this will mostly be likely to happen if the investors and the bullish market continue to reside with SLP.
SLP Fibonacci Retracement (Source: TradingView)
Meanwhile, SLP is almost close to crossing the Fibonacci golden level. In detail, SLP is just an inch away from smashing the Fibonacci level of .618 which is a bullish indicator. If it does, there is a big chance that SLP might be able to break other Fibonacci levels beyond .618.
In addition, this forecasted uptrend movement of SLP above the Fibonacci level of .618 can change the current situation of SLP. For instance, if SLP breaks on its resistance level of .618 and advances all the way up, it will create a new direction. In short, the previous resistance level of .618 will now become a support level while the Fibonacci level of .5 or .38 will now be the new resistance level.
This bullish forecasted price movement mentioned above truly brings joy to the SLP army and its investors. However, we all know that this bullish movement SLP can easily be influenced by the market whales. Therefore, it is still good that traders and holders of the crypto practice defensive trading to avoid the wild price volatility caused by these whales.
SLP RSI Indicator (Source: TradingView)
Last but not least, the Relative Strength Index (RSI) of SLP which is still inside the level 30 to 70. To be specific, the RSI of SLP points at level 39.58. This RSI level of the crypto is neither overbought nor oversold or in short it is still in a good phase. But, traders and investors of the crypto must also consider that the RSI level of the crypto is just -22.89% away from being oversold.
So what do you mean by this? This means that the price of crypto is close to being oversold and might have a chance to fall deeper. Also, when the crypto breaks into the level below 30 which is oversold, the crypto might stay a little bit longer in the area before it performs a major reversal. In this case, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
The NFT’s and play-to-earn games continue to grow every day. Therefore, the conclusion for the SLP price prediction in 2021 amounts to $.40. However, this forecast still depends on how the market will treat SLP in the next month of the year.
Aside from our SLP price prediction 2021, we will also share some of the forecasts other crypto analysis platforms make.
Market Prediction for Smooth Love Potion (SLP) Price 2021
Digitalcoin is one of the trusted names in the crypto world as the firm claims. It has already established accurate crypto analysis and the latest news stories over time. For this reason, the 2021 forecast of Digitalcoin for SLP amounts to $0.1768120000.
TradingBeasts is one of the crypto networks that based its prediction and analysis using historical data with the combination of linear and polynomial regressions. As a result, the price forecast of TradingBeasts for SLP price prediction 2021 will reach the price of $0.24.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for SLP amounts to $ 0.47.
Market Prediction for Smooth Love Potion (SLP) Price 2022, 2023, 2024 and 2025
|Smooth Love Potion (SLP) price prediction 2022||Upto $0.42 (estimated)|
|Smooth Love Potion (SLP) price prediction 2023||Upto $0.48 (estimated)|
|Smooth Love Potion (SLP) price prediction 2024||Upto $0.52 (estimated)|
|Smooth Love Potion (SLP) price prediction 2025||Upto $0.59 (estimated)|
Based on the previous amazing market performance of Axie Infinity which uses SLP as a reward for its network, Yes it is a good investment. But, of course, do your own research before investing in the project.
The price of SLP depends on the market demand. To be specific, the more investors that would invest in crypto, the greater the chance of SLP to go higher.
The price downtrend of SLP depends on many factors. One of them is the massive dumping of SLP by the users.
The SLP crypto is just like other cryptos that can be bought in various crypto exchanges. For instance, the Binance exchange, one of the famous crypto exchanges that support SLP crypto.
Yes, SLP is a crypto that is designed to be a reward token of Axie Infinity. Also, the crypto can be traded in different exchanges in the crypto world.
Disclaimer: The technical analysis expressed in this article does not necessarily reflect the views of CryptoNewsLand (CNL). Readers of this article should not take this as financial advice. CNL strongly recommends that all users do their own in-depth research before investing in cryptocurrency.
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