What is yours thought about SLP( Smooth Love Potion) ?

[Crypto Library]

Is there anyone who invested in SLP? Last time I invested when SLP went to 0.13$ Then again when it was coming to Dip I invested again at 0.07$ . I have invested in several steps like this. Now my goal is to sell the full amount for 0.12$. What Do you think SLP will recover again? And should I invest in it again now? Currently, the price is around 0.004037 $

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[tranthidung]

SLP is an altcoin (token) so this discussion belongs to Altcoin discussion. Please move it there.

Issue with Axie Infinity is Play to Earn. This article is comprehensive about it, A Billion-Dollar Crypto Gaming Startup Promised Riches and Delivered Disasterp

They created something unsustainable at beginning and reacted too late to stop the death spiral and they will have to create a very different model for their games in order to get rid of sell pressure and bring SLP, AXS back to higher price. It won't be done in short term and success or not, it will depend not only on time, general crypto market but also on their solution to fix their model.

[|MINER|]

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Firstly I don't know how much you invested but it's really sad for you. Let's come to the point, Already one has discussed it in detail so I won't go into that. But for now it's risky to invest in alt-coin where coin like this. But 10$ or more little amount is not a big deal.  I can't guarantee that it will 100% recover But it can be said that recovery will take a long time. So if you are going to investing for long term you can take a little amount of trade .

[sensimilia]

If you are looking for safe and profitable investment please avoid altcoin now . Because many alt-coins are collapsing in this bearish market.  But their trade volume is seen to be high and also listed in good exchangers , I think they can recover but they don't seem to be that successful and recovery time can be long. BeCareful about to investing .

[Hamphser]

Is there anyone who invested in SLP? Last time I invested when SLP went to 0.13$ Then again when it was coming to Dip I invested again at 0.07$ . I have invested in several steps like this. Now my goal is to sell the full amount for 0.12$. What Do you think SLP will recover again? And should I invest in it again now? Currently, the price is around 0.004037 $

Really hard to determine on projects potential whether it could make out some good recovery or its already over for the said game/nft.If we do tend to look on its ATH and to its current price then we can

really say that it is really on the verge of death but surprisingly there are still people on the community who do still support it despite of earning capacity is less or not really worth anymore on someones time but if you do really trust up on the project for have to its recovery then you could always opt on accumulating since the price is way too cheap as of this moment.

The only problem i do see with Axie Infinity and its coins is that it doesnt have burning mechanism which causes for its entire supply to go way beyond the heavens. 

[cheezcarls]

This topic should be moved to the Altcoin Discussion thread since we're talking about an altcoin called SLP.

I'm sorry to say but I think it's kinda impossible right now for SLP to recover and may break its previous all-time high. With the declining number of players & trading volume of SLP and AXS, I can say that the hype already died.

Yes the hype was real back then during the time Axie was red hot. This is what I have predicted all along. The more players who have entered the game, the lesser the rewards we get that forced the devs to keep cutting our rewards as their pool cannot be sustained for long.

Now we're just treating Axie Infinity like the other traditional games which is for fun (but of course Axie NFTs, SLP and AXS as bonus perks that has the edge over the other non-NFT games in terms of ownership, custody, etc).

[blockman]

I'm still holding a lot of SLP. It's your call if you want to invest again because no one knows if it will recover soon or may not. I'm holding because I think that it will recover but that's what I think and others shouldn't rely on their decision to reinvest with what others think.
If you have money to invest, take the first action on buying bitcoin and when you're satisfied with the amount you hold in btc then that might be the good time for you to reinvest in SLP or any other coins. Still today, I'm holding all of its tokens including Axies.

[Coyster]

Is there anyone who invested in SLP? Last time I invested when SLP went to 0.13$ Then again when it was coming to Dip I invested again at 0.07$ . I have invested in several steps like this. Now my goal is to sell the full amount for 0.12$. What Do you think SLP will recover again? And should I invest in it again now? Currently, the price is around 0.004037 $

Do your own research mate, i haven't invested in SLP, neither will i. The market is in a bear time so maybe you should not invest in that as of now, it might be too risky. And if you decide to hold the SLP you have already, the thing is, can SLP be sustainable for the long period, or is/was it basically just all about the hype which it is currently lacking, and could your tokens continue to lose value as you hodl it.

If you have money to invest, take the first action on buying bitcoin and when you're satisfied with the amount you hold in btc then that might be the good time for you to reinvest in SLP or any other coins. Still today, I'm holding all of its tokens including Axies.

It might not be too good to do it that way, i'd rather invest in Bitcoin and choose some other asset, gold for example, because they (Bitcoin and Gold) are not similar assets. If you will invest in Bitcoin and other coins/tokens, then you are only just investing in things that are intrinsically similar, and it is of no advantage to you.

[coinerer]

Is there anyone who invested in SLP? Last time I invested when SLP went to 0.13$ Then again when it was coming to Dip I invested again at 0.07$ . I have invested in several steps like this. Now my goal is to sell the full amount for 0.12$. What Do you think SLP will recover again? And should I invest in it again now? Currently, the price is around 0.004037 $

All coins are huge dumped in this current market condition. even Bitcoin dumped around 70% from ATH. SLP is not a very good altcoin in my opinion. I have followed the behavior of this coin for a long time. And saw that it always drop this coin price and suddenly at some point huge pumped. Which is almost like gambling. So I am not too optimistic about this altcoin.

[cryptoaddictchie]

If axie infinity could be able to get their supply reduced by burning then we can be of certain of its comeback. We cant actually do much about its supply as there is no demand on the use case of slp. Once v3 is started to roll out on mainnet then possibly it could reverse its current price. They should prioritize a good revenue program to its investors and to lure more interested users. People started to have doubt when the slp is highly saturated already leading to massive dump.

[crwth]

I'm not sure how they would be able to recover something like this because the unlimited supply that they have provided is the one that is killing the system.

Many people have already gone away with Axie Infinity because of its declining value. I remember the time when the active players were at a million, but now, it's just in the hundred thousand. It's just a matter of time before it continues to decline. But by then, I hope they find a way to recover.

There's nothing wrong in speculating about the price, as long as you can risk that amount of money.

[jakelyson]

Is there anyone who invested in SLP? Last time I invested when SLP went to 0.13$ Then again when it was coming to Dip I invested again at 0.07$ . I have invested in several steps like this. Now my goal is to sell the full amount for 0.12$. What Do you think SLP will recover again? And should I invest in it again now? Currently, the price is around 0.004037 $

I believe the Sky Mavis is still continuously developing Axie. They have released Axie Origins which they promised will have burning mechanisms that will eventually bring the price of SLP up. They also not have released the land gaming yet. All of these will bring the price of the tokens higher if executed perfectly. But as of now, these are all but promises. And all the remedies that they have released in the past to pull the price of its token up has failed.

What can you do with your token? Well, you can bail out now and accept the loss or you can HODL.

This is a waiting game. Since we are in a bear market and all cryptos are in slump, you can wait for the market to recover and see if SLP and AXS will recover with it. You also must watch closely the activities of SKY MAVIS. If they are about to release something good that could temporarily elevate the price of their tokens, you can take action on that. Take a risk or take profit when it happens. 

Good luck with your investments.

[so98nn]

Interesting, I did not know this project is still taking break. I saw huge promotional threads as well as social media presence for smooth love potion back in time and was very interested in the concept. However, to keep myself away from the NFT, p2E world I made some decisions not to invest into them. The current price is hilarious though the whole market is on downfall. The problem with such projects is, they need to make come back as if they started just now when the prices are almost zero. So its huge risk.

[DanWalker]

If you are looking for safe and profitable investment please avoid altcoin now . Because many alt-coins are collapsing in this bearish market.  But their trade volume is seen to be high and also listed in good exchangers , I think they can recover but they don't seem to be that successful and recovery time can be long. BeCareful about to investing .

Bitcoin is the safest but not all altcoins crash, there are still many good altcoins on the market. It is still possible for you to invest in altcoins, but it is advisable not to focus on the lesser known altcoins, it's better to focus on top altcoins. This will reduce your risk and you will have to do all the relevant research on the altcoins you wish to invest in.

[blockman]

If you have money to invest, take the first action on buying bitcoin and when you're satisfied with the amount you hold in btc then that might be the good time for you to reinvest in SLP or any other coins. Still today, I'm holding all of its tokens including Axies.

It might not be too good to do it that way, i'd rather invest in Bitcoin and choose some other asset, gold for example, because they (Bitcoin and Gold) are not similar assets. If you will invest in Bitcoin and other coins/tokens, then you are only just investing in things that are intrinsically similar, and it is of no advantage to you.

I agree with what you've said and that's why OP and someone who's interested in doing it has some money to invest. Like the money that it's okay for them to sleep for a long time and willing to lose then they can do just as said.
I'm a holder of both bitcoin, slp, and other sky mavis tokens and as well as other altcoins. I would really prioritize buying bitcoin instead of buying other coins.

[virasisog]

If you have money to invest, take the first action on buying bitcoin and when you're satisfied with the amount you hold in btc then that might be the good time for you to reinvest in SLP or any other coins. Still today, I'm holding all of its tokens including Axies.

It might not be too good to do it that way, i'd rather invest in Bitcoin and choose some other asset, gold for example, because they (Bitcoin and Gold) are not similar assets. If you will invest in Bitcoin and other coins/tokens, then you are only just investing in things that are intrinsically similar, and it is of no advantage to you.

I agree with what you've said and that's why OP and someone who's interested in doing it has some money to invest. Like the money that it's okay for them to sleep for a long time and willing to lose then they can do just as said.
I'm a holder of both bitcoin, slp, and other sky mavis tokens and as well as other altcoins. I would really prioritize buying bitcoin instead of buying other coins.

Lots of investors are still holding their SLPs and to be honest, it has a huge total supply because the developers aren't mindful of its burning mechanism before. They didn't even work well on their version 2. I don't think SLP still has a good future. Its hype is over and still, many investors are stuck on their holdings so buying it right now won't be a wise decision. Choose active and high-potential coins like Bitcoin and other top coins.

[posi]

I honestly doubtful that it gonna ever recover again considering its un sustaining economic model that just makes its value decrease more and more, instead it's just better investing in alternative nfts like GMT, and MANA where they have better economic model, though GMT will soon eventually become like just axie infinity, it's just matter of time.

Considering that GMT will soon follow in the footsteps of SLP, since they are only temporary trend tokens, it would be a better idea not to invest in them.
It is advisable for us to prioritize bitcoin and ethereum as they are the most liquid assets in the market at present,  investing in tokens like SLP, GMT is more like gambling than investment.

[Reid]

Don't expect more. That could be the finest number you could receive.
This token is an NFT and it had been depreciating since day 1. I would not assume that it would go higher than what you paid for 1 year ago or further than than. It's not Bitcoin and neither Ethereum.
It will keep on falling even if there's a bear or a bull.
I have invested in it before because of the hype but sold it at early times, you might want to do the same and save yourself from all the trouble.

[babygun]

Don't expect more. That could be the finest number you could receive.
This token is an NFT and it had been depreciating since day 1. I would not assume that it would go higher than what you paid for 1 year ago or further than than. It's not Bitcoin and neither Ethereum.
It will keep on falling even if there's a bear or a bull.
I have invested in it before because of the hype but sold it at early times, you might want to do the same and save yourself from all the trouble.

There is no real use in selling it right now also. Better just keep waiting until we are in a bullmarket again, and maybe this coin will get a massive pump again and than it is the moment to sell.

[blockman]

I agree with what you've said and that's why OP and someone who's interested in doing it has some money to invest. Like the money that it's okay for them to sleep for a long time and willing to lose then they can do just as said.
I'm a holder of both bitcoin, slp, and other sky mavis tokens and as well as other altcoins. I would really prioritize buying bitcoin instead of buying other coins.

Lots of investors are still holding their SLPs and to be honest, it has a huge total supply because the developers aren't mindful of its burning mechanism before. They didn't even work well on their version 2. I don't think SLP still has a good future. Its hype is over and still, many investors are stuck on their holdings so buying it right now won't be a wise decision. Choose active and high-potential coins like Bitcoin and other top coins.

Yeah, that was the problem before when most investors and players were asking for a burning mechanism but they've given another update instead of that directly.
The hype is over for real and we do all know about that, but for me, I have nothing to lose so I just hold it and waiting that something good might happen for this coin.