AXS and SLP. Why the price of SLP is falling but AXS is rising?

[crypto1010]

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.

[Fundamentals Of]

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.

[martina14]

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/

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.

[asriloni]

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 below
1. 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

[meanwords]

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 below
1. 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.

[goinmerry]

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.

[Arestotel]

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/

Ждy pocтa Slp yжe c лeтa и вce никaк.

[LUCKMCFLY]

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.

[livingfree]

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.

[LUCKMCFLY]

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.

[makishart]

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.

[martina14]

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/

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.

[Dr.Osh]

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 below
1. 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.

Well, I only focus on numbers 2,3, and 4. I think that's enough to answer why SLP prices always fall downward from time to time.
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.

[goinmerry]

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.

[Snappycoco]

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.